Maria Deutscher
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Samsung expects 69% drop in fourth-quarter profit as revenue drops
Samsung Electronics Co. Ltd. today reported preliminary financial results for the fourth quarter, disclosing that both its profit and revenue declined in the last three months of 2022. Samsung estimates that its profit dropped 69% year-over-year, to 4.3 trillion won or about $3.37 billion. The company’s estimate fell significantly short of market expectations. Analysts polled ...
Confluent acquires stream processing startup Immerok
Confluent Inc. today announced plans to buy Immerok GmbH, a startup with a platform that makes it easier to develop stream processing applications. The terms of the deal were not disclosed. Germany-based Immerok previously raised $17 million from investors. A stream processing application is a program that processes data in near real-time. A cybersecurity tool, ...
AMD introduces array of new data center and consumer chips
Advanced Micro Devices Inc. is expanding its product portfolio with an array of new processors designed for use in data centers and personal computers. AMD Chief Executive Officer Lisa Su (pictured) debuted the processors late Wednesday at the CES 2023 consumer electronics event in Las Vegas. Expanded data center portfolio AMD is expanding its data center ...
FTC proposes rule to ban noncompete agreements in worker contracts
The U.S. Federal Trade Commission today proposed a new rule that would ban companies from including noncompete clauses in employment contracts. Noncompete clauses prohibit a company’s employees from seeking or accepting work at rival businesses. In some cases, such clauses also impose additional restrictions on employees. “The freedom to change jobs is core to economic ...
Snowflake acquires machine learning startup Myst AI
Snowflake Inc. is acquiring Myst AI, a startup that offers an artificial intelligence development platform for companies in the energy sector. Snowflake announced the acquisition on Wednesday. The financial terms of the transaction were not disclosed. Energy companies use AI models to predict electricity price fluctuations, changes in customer demand and other trends. San Francisco-based ...
Meta fined €390M in Ireland over behavioral ad practices
Ireland’s privacy regulator has issued a fine of €390 million, or about $414 million, to Meta Platforms Inc. over the way the company collects user data for advertising purposes. The Data Protection Commission announced the fine today. Additionally, the DPC ruled that Meta must bring its advertising practices into compliance with privacy rules within three ...
Salesforce and Vimeo announce job cuts
Salesforce Inc. and Vimeo Inc. today both announced job cuts that will affect about a 1oth of their respective workforces. The companies’ restructuring initiatives follow a broader wave of layoffs in the technology sector. According to recently released research from Layoffs.fyi, about 153,160 tech workers were affected by job cuts in 2022. An estimated 1,172 ...
Report: Microsoft will add a ChatGPT-powered search feature to Bing
Microsoft Corp. reportedly plans to equip Bing with a new search feature powered by OpenAI LLC’s ChatGPT artificial intelligence system. The Information reported the development late Tuesday, citing two sources familiar with the matter. Microsoft’s ChatGPT-powered search feature is expected to launch before the end of March. The feature will reportedly provide natural language answers ...
FTX founder Sam Bankman-Fried pleads not guilty to criminal charges
FTX Trading Ltd. founder Sam Bankman-Fried today pleaded not guilty to eight criminal charges brought against him by federal prosecutors in New York. Bankman-Fried is accused of committing fraud, money laundering and campaign finance violations. If convicted, he could reportedly face up to 115 years in prison. Two Bankman-Fried associates, FTX co-founder Gary Wang and ...
Nvidia debuts speedy RTX 40 graphics cards for laptops
Nvidia Corp. today debuted new graphics processing units for laptops that it says are four times faster than its previous-generation silicon. The GPUs are available as part of the company’s GeForce RTX 40 consumer chip series, which also includes its latest desktop graphics cards. Both the laptop and desktop GPUs in the RTX 40 series ...