Wednesday, September 28

Tag: Collections: Technology

Biden Starts Asia Trip With Global Issues and Tech on Agenda | Political News
Politics

Biden Starts Asia Trip With Global Issues and Tech on Agenda | Political News

By AAMER MADHANI and JOSH BOAK, Associated PressPYEONGTAEK, South Korea (AP) — President Joe Biden is opening his trip to Asia with a focus on the computer chip shortage that has bedeviled the world economy, touring a Samsung computer chip plant that will serve as model for a $17 billion semiconductor factory that the Korean electronics company plans to open in Texas.The visit Friday is a nod to one of Biden's key domestic priorities of increasing the supply of computer chips. A semiconductor shortage last year hurt the availability of autos, kitchen appliances and other goods, causing higher inflation worldwide and crippling Biden's public approval among U.S. voters.Biden will grapple with a multitude of foreign policy issues during a five-day visit to South Korea and Japan, but he also c...
U.S. Civil Rights Enforcers Warn Employers Against Biased AI | Technology News
Science

U.S. Civil Rights Enforcers Warn Employers Against Biased AI | Technology News

By MATT O'BRIEN, AP Technology WriterThe federal government said Thursday that artificial intelligence technology to screen new job candidates or monitor worker productivity can unfairly discriminate against people with disabilities, sending a warning to employers that the commonly used hiring tools could violate civil rights laws.The U.S. Justice Department and the Equal Employment Opportunity Commission jointly issued guidance to employers to take care before using popular algorithmic tools meant to streamline the work of evaluating employees and job prospects — but which could also potentially run afoul of the Americans with Disabilities Act.“We are sounding an alarm regarding the dangers tied to blind reliance on AI and other technologies that we are seeing increasingly used by employe...
Coinbase Loses Half Its Value in a Week as Crypto Slumps | Business News
Business

Coinbase Loses Half Its Value in a Week as Crypto Slumps | Business News

By MATT OTT, AP Business WriterSILVER SPRING, Md. (AP) — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump.Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales and active users. Analysts were expecting profit of 8 cents per share. Revenue was down as trading volumes fell, and active monthly users declined 19% from the fourth quarter.It’s unlikely those results surprised investors — shares Coinbase Global Inc. declined 43% in the four days leading up to their earnings release Tuesday. On Wednesday, shares fell 26%, to $53.72 per share. On the day of its initial public offering just 13 mont...
Google Gets More Multilingual, but Will It Get the Nuance? | Technology News
Science

Google Gets More Multilingual, but Will It Get the Nuance? | Technology News

By FRANKLIN BRICEÑO and MATT O'BRIEN, Associated PressLIMA, Peru (AP) — About 10 million people speak Quechua, but trying to automatically translate emails and text messages into the most widely spoken Indigenous language family in the Americas was long all but impossible.That changed on Wednesday, when Google added Quechua and a variety of other languages to its digital translation service.The internet giant says new artificial intelligence technology is enabling it to vastly expand Google Translate’s repertoire of the world’s languages. It added 24 of them this week, including Quechua and other Indigenous South American languages such as Guarani and Aymara. It is also adding a number of widely spoken African and South Asian languages that have long been missing from popular tech products...
Wall Street, Tech Investors Back Musk Twitter Bid With $7B | Business News
Business

Wall Street, Tech Investors Back Musk Twitter Bid With $7B | Business News

By MICHELLE CHAPMAN and TOM KRISHER, AP Business WritersElon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.A regulatory filing Thursday also said that Musk is in talks with other parties for additional funding commitments, including former Twitter CEO Jack Dorsey, the social media platform's second-largest individual stakeholder after Musk.Ellison, who is also a board member of electric vehicle maker Tesla, is making the biggest contribution, pegged at $1 billion. Musk is Tesla's CEO and biggest shareholder.Other investors include tech investor Sequoia Capital Fund, which pledged $800 million, and VyCapital, ...