Tech

Mark Zuckerberg’s network effects nightmare

Hello and welcome back to Trending, Business Insider’s weekly look at the world of tech. I’m Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every Wednesday,just click here. This week: Tech’s “surge” of goodbyes and Facebook’s […]
Mark Zuckerberg’s network effects nightmare
Tech

Outrage over police brutality has finally convinced Amazon, Microsoft, and IBM to rule out selling facial recognition tech to law enforcement. Here’s what’s going on.

IBM, Amazon, and Microsoft have all committed to not sell facial recognition to law enforcement at least temporarily. While activists have been campaigning for the companies to do this for years, the Black Lives Matter movement appears to have tipped the scale. As facial recognition becomes more widely used to […]
Outrage over police brutality has finally convinced Amazon, Microsoft, and IBM to rule out selling facial recognition tech to law enforcement. Here’s what’s going on.
Tech

Tech’s great reopening is here (don’t forget to bring your mask)

Hello and welcome back to Trending, Business Insider’s weekly look at the world of tech. I’m Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every Wednesday,just click here. This week: Tech is celebrating the great reopening […]
Tech’s great reopening is here (don’t forget to bring your mask)
Tech

IBM’s CEO said the firm will stop offering facial recognition software and called for ‘national dialogue’ on the use of the technology in law enforcement

IBM CEO Arvind Krishna said the tech giant will no longer offer facial recognition software and said there should be a “national dialogue” on the technology’s use in law enforcement. Krishna announced the change in a letter to members of the US Congress, including Senators Cory Booker and Kamala Harris, […]
IBM’s CEO said the firm will stop offering facial recognition software and called for ‘national dialogue’ on the use of the technology in law enforcement
Tech

Amazon, Apple, Google, IBM, and Microsoft worse at transcribing black people’s voices than white people’s with AI voice recognition, study finds

A new study of automated voice recognition systems from Amazon, Apple, Google, IBM, and Microsoft found that they have higher error rates when transcribing black people’s voices than white people’s. Previous studies have shown that AI systems like facial recognition develop racial bias when trained on data sets of primarily […]
Amazon, Apple, Google, IBM, and Microsoft worse at transcribing black people’s voices than white people’s with AI voice recognition, study finds
Lifestyle

The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.

The spread of the coronavirus is projected to impact millions of jobs worldwide. Over six months, more than 60 million Americans have filed for unemployment insurance – that’s more than the number of claims filed during the 18-month Great Recession. The travel and hospitality industries have taken a significant hit. […]
The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.
Tech

Tech companies have cancelled 12 high-profile conferences so far, causing an estimated economic loss of $1 billion amid coronavirus concerns. Here’s the full list.

The coronavirus disease, known as COVID-19, is forcing tech companies to adapt as remote work and suspended travel become realities. Some of the biggest tech conferences of the year are being cancelled as well, as companies heed the CDC’s advice to “modify, postpone or cancel mass gatherings.” Facebook’s F8 conference, […]
Tech companies have cancelled 12 high-profile conferences so far, causing an estimated economic loss of $1 billion amid coronavirus concerns. Here’s the full list.
Tech

The pope has joined forces with Microsoft and IBM to create a doctrine for ethical AI and facial recognition. Here’s how the Vatican wants to shape AI.

The Vatican called for stronger regulation of the use of artificial intelligence in a plan announced on Friday, Reuters first reported. The document also said AI tools should work fairly, transparently, reliably, and with respect for human life and the environment. Microsoft and IBM joined Pope Francis in endorsing the […]
The pope has joined forces with Microsoft and IBM to create a doctrine for ethical AI and facial recognition. Here’s how the Vatican wants to shape AI.
Markets

Slack skyrockets 21% after making IBM its biggest account yet

On Monday, Business Insider’s Paayal Zaveri exclusively reported that IBM would roll out Slack to all 350,000 of its employees around the world. Slack surged as much as 21% Monday. IBM is now Slack’s largest customer ever. Watch Slack trade live on Markets Insider. Slack just landed a huge account, […]
Slack skyrockets 21% after making IBM its biggest account yet
Tech

Trump allegedly ordered former Defence Secretary James Mattis to ‘screw Amazon’ one year before awarding a hotly contested $10 billion defence cloud contract to Microsoft

Trump ordered former Defence Secretary James Mattis to “screw Amazon” out of a lucrative government cloud contract, former Defence communications director Guy Snodgrass alleges in a new book, according to a preview from Task & Purpose. The revelations in Snodgrass’s book, “Holding The Line: Inside Trump’s Pentagon with Secretary Mattis,” […]
Trump allegedly ordered former Defence Secretary James Mattis to ‘screw Amazon’ one year before awarding a hotly contested $10 billion defence cloud contract to Microsoft
Tech

Google says its cutting-edge computing breakthrough could be used to solve large-scale problems that ‘would otherwise be impossible’

Google believes quantum computing could eventually be used to solve large-scale problems that “would otherwise be impossible,” an engineer in the company’s quantum research lab recently said to The Financial Times. The comments come after Google announced a breakthrough in quantum computing on Wednesday – a field that enables computers […]
Google says its cutting-edge computing breakthrough could be used to solve large-scale problems that ‘would otherwise be impossible’
Tech

The jolts shaking SoftBank’s Silicon Valley empire

Hello, Welcome to Trending, the weekly newsletter highlighting the best of BI Prime’s tech coverage. This is Alexei Oreskovic, Business Insider’s West Coast Bureau Chief and Global Tech Editor. If you’re not already subscribed to the newsletter, you can sign up here. This week: SoftBank’s Silicon Valley empire is feeling […]
The jolts shaking SoftBank’s Silicon Valley empire
News

These 13 brands have controversial, dark origins

Brands aren’t immune to having skeletons in their proverbial closets. Many of these controversial pasts date back to World War II and the Holocaust. A number of well-known and popular brands were directly involved in supporting the Nazi war effort. Visit Business Insider’s homepage for more stories. 2019 brought about […]
These 13 brands have controversial, dark origins
Tech

A storm is gathering on the cloud business

Hello, This is Alexei Oreskovic, Business Insider’s Global Tech Editor and West Coast Bureau Chief. Starting today I’ll be sending a new weekly newsletter – “Trending” – dedicated to Business Insider Prime’s tech coverage. Whether you work in Silicon Valley or compete with its denizens, our mission is to give […]
A storm is gathering on the cloud business
Tech

A professional hacker reveals how to create the best possible password

Creating a strong password that is easy to remember but difficult to guess can be tricky. That’s why IBM’s Etay Maor suggests using a lengthy phrase as your password rather than a random string of numbers. Since a phrase is notably longer than the typical password, it would be much […]
A professional hacker reveals how to create the best possible password
Tech

IBM stock sinks 3% after hours after missing Wall Street expectations on revenue

IBM reported Q1 earnings results after Tuesday’s market close, reporting a quarterly revenue of $US18.18 billion, missing Wall Street expectations. Its revenue was down 4.7% from this time last year, marking the third straight quarter of declining revenue. After hours, IBM stock slid 3%. Visit BusinessInsider.com for more stories. IBM […]
IBM stock sinks 3% after hours after missing Wall Street expectations on revenue
Markets

IBM spikes after posting its first annual revenue growth since 2011

IBM beat on both the top and bottom lines and posted its first annual revenue growth since 2011. Shares spiked more than 7% following the report. RBC Capital Markets analysts raised their price target. Watch IBM trade live. IBM was up more than 7% early Wednesday to more than $US131 […]
IBM spikes after posting its first annual revenue growth since 2011
Tech

Here’s who will get richer when IBM buys Red Hat for $34 billion

IBM announced on Sunday it would acquire the open source software company Red Hat for $US190 per share, for a total deal value of about $US34 billion. The acquisition stands to be a significant payday for Red Hat’s top executives and shareholders. Red Hat President Jim Whitehurst could make over […]
Here’s who will get richer when IBM buys Red Hat for $34 billion
Markets

IBM is paying a ‘rich valuation’ for Red Hat

IBM announced Sunday that it has struck a deal to acquire the cloud-software company Red Hat for $US34 billion. IBM said it will pay $US190 a share in cash – a more than 60% premium above Red Hat’s closing price on Friday. The “rich valuation” will discourage anyone else to […]
IBM is paying a ‘rich valuation’ for Red Hat
Tech

The 3rd most powerful supercomputer in the world was turned on at a classified government lab in California — Here’s what the 7,000 square foot ‘mini city’ of processing power is like up close

The third most powerful supercomputer in the world has been completed and unveiled: the Sierra. This supercomputer, which can do 125 quadrillion calculations in a second, will be used to create simulations that can test how safe and reliable nuclear weapons in the government stockpile is. The Sierra is currently […]
The 3rd most powerful supercomputer in the world was turned on at a classified government lab in California — Here’s what the 7,000 square foot ‘mini city’ of processing power is like up close
Tech

IBM sinks on revenue miss

Wall Street was not happy with IBM on Tuesday after the tech company reported third quarter revenue that fell short of expectations. IBM’s revenues for the quarter were down 2% from the same quarter last year. Analysts were expecting $US19.1 billion but the company brought in just $US18.8 billion. Here’s […]
IBM sinks on revenue miss
Strategy

A rocket scientist-turned-CEO proved her boss wrong early in her career by booking a ticket to Latin America — and got herself a promotion

Sylvia Acevedo was named the CEO of Girl Scouts in 2017 and introduced STEM (science, technology, engineering, maths) programs to the organisation. Prior, Acevedo was a rocket scientist for NASA, industrial engineer for IBM, and presidential commissioner for the Obama White House. While at IBM, Acevedo went after a promotion […]
A rocket scientist-turned-CEO proved her boss wrong early in her career by booking a ticket to Latin America — and got herself a promotion
Tech

IBM down more than 5% despite delivering a beat in quarterly earnings

IBM shares fell more than 5% on Tuesday after the company announced its first quarter 2018 earnings. IBM actually beat analyst expectations on both revenue and earnings per share for the quarter, but Wall Street didn’t take lightly to its $US0.04 miss on expectations for full-year 2018 earnings per share. […]
IBM down more than 5% despite delivering a beat in quarterly earnings
Tech

IBM beat on revenue for final quarter of fiscal 2017

IBM reported its Q4 2017 earnings Thursday. Here’s how the company did: Revenue for the quarter were $US22.54 billion, compared to analyst expectations of $US22.05 billion. Earnings per share for the quarter were $US5.18, compared to analyst expectations of $US5.17.
IBM beat on revenue for final quarter of fiscal 2017
Tech

IBM just replaced its chief financial officer

IBM veteran James J. Kavanaugh will take over as CFO. Kavanaugh replaces Martin J. Schroeter, who’s served as CFO since 2014. Schroeter will take on the role as SVP of global markets. Both role changes went into effect Thursday, according to the filing. IBM just quietly promoted veteran James J. […]
IBM just replaced its chief financial officer
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