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Elon Musk’s financial headaches at X may be catching up to him—and Tesla bulls are worrying that could spell bad news for the carmaker’s investors. Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some
GitHub is laying off 10% of staff and cutting down office space In a message to staff on Thursday, GitHub’s CEO Thomas Dohmke said that due to “new budgetary realignments” the company must reduce the workforce “by up to 10% through the end of FY23.” The company is also going fully remote, Dohmke wrote, telling staff they’re “seeing very low utilization rates” in their offices. “We are not vacating
A.I. will be crucial to companies outside of Silicon Valley—and they need a new playbook for it A worker assembles mobile phones at an Indian Lava phone manufacturer factory in Noida on August 22, 2019. (Photo by Sajjad HUSSAIN / AFP) (Photo credit should read SAJJAD HUSSAIN/AFP via Getty Images) While artificial intelligence has become a ubiquitous topic in the business world, there is still impo
Wanted: privacy software engineers, privacy officers, and privacy attorneys. In fact, anything with “privacy” in the title will do. Data privacy workers have become hot commodities in the business world as legislators and consumers increasingly call for stronger data protection. Companies are increasingly hiring people who are specialized in privacy in one way or another—or are at least emphasizin
Facebook’s Chief A.I. Scientist Yann LeCun On the Future of Computer Chips, Lawnmowers, and Deep Learning Facebook’s chief artificial intelligence scientist Yann LeCun helped spearhead the rise of deep learning, the cutting-edge AI technology used by companies like Google and Amazon to quickly translate languages and identify objects in photos. At the core of deep learning is software called a neu
Netflix sparked joy…as well as social media buzz, memes, and possibly sales trends with its recent debut of Tidying Up With Marie Kondo. Inspired by Kondo’s “KonMari” method for decluttering and organizing living spaces with an emphasis on sentimental value, the feel-good show is striking a connection with viewers, not only inspiring them to purge their closets, but perhaps rethink their spending
Hacks on a Plane: Researchers Warn It’s Only ‘a Matter of Time’ Before Aircraft Get Cyber Attacked ELIZABETH, NJ - MAY 15: A United Airlines airplane passes through clouds on approach to Newark Liberty Airport on May 15, 2017, as seen from Elizabeth, New Jersey. (Photo by Gary Hershorn/Getty Images) Since 9/11, airlines, airports and government agencies have introduced many travel security measure
Has IBM Watson’s AI Technology Fallen Victim to Hype? If you ask IBM about its plans for a given business opportunity—health care, financial services, pharma, even sports coverage—the answer will likely center on Watson, IBM’s take on artificial intelligence, or cognitive computing, in IBM parlance. Since beating human champions in Jeopardy six years ago, Watson has been very long on promise and g
In 2015, digital payments giant Stripe unveiled a tool for merchants around the world to accept Bitcoin. At the time, Stripe’s news came as further evidence that a cryptocurrency revolution was underway. But this April, Stripe pulled the plug. What happened? According to Stripe COO Claire Hughes Johnson, speaking at Fortune‘s Brainstorm Tech conference on Tuesday, Bitcoin and other blockchain-base
Microsoft has submerged an experimental data center into the ocean floor of the Northern Isles near Scotland. The undersea data center is part of the technology giant’s Project Natick initiative intended to research more energy efficient data centers. Microsoft said that it dropped the portable data center, dubbed the Northern Isles, into the sea last Friday and it’s now online and performing an u
Facebook Is Sorry for Keeping the Videos You Thought You Deleted Last week, New York Magazine reported that several users had found videos they thought they’d deleted when they downloaded their Facebook data archive. Facebook has now apologized for the retention of videos that were never made public, blaming it on a “bug” and calling the glitch unintentional. In a statement, the company assured us
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Police Say Uber Is Likely Not at Fault for Its Self-Driving Car Fatality in Arizona The police chief of Tempe, Arizona, where a woman was struck and killed by one of Uber’s self-driving cars Sunday, says the ride-sharing company is likely not at fault for the accident, following a preliminary investigation. Chief of Police Sylvia Moir told the San Francisco Chronicle on Monday that video footage t
Commentary: Joshua Cooper Ramo’s South Korea Comments Contain Important Pieces of Truth PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 12: Anais Bescond of France wins the bronze medal during the Biathlon Men's and Women's Pursuit at Alpensia Biathlon Centre on February 12, 2018 in Pyeongchang-gun, South Korea. (Photo by Christophe Pallot/Agence Zoom/Getty Images) NBC analyst Joshua Cooper Ramo outraged
North Korean hackers may have been responsible for the largest cryptocurrency heist to date, Reuters reports. Last month, hackers stole $530 million in virtual currency from Coincheck, one of Japan’s largest cryptocurrency exchanges. While the attackers have yet to be identified, South Korea’s National Intelligence Service told lawmakers that it’s a possibility that North Korea was behind the thef
Alphabet, the parent company of Google, has appointed John L. Hennessy as its executive chairman, the company said Thursday. Hennessy, a long-time computer scientist who was Stanford University’s tenth president before stepping down in 2016, takes over Alphabet’s (GOOG) board after former Google CEO Eric Schmidt said in late December that he would step down as executive chairman. Schmidt, who was
The tech sector, one of the fastest-growing segments of the economy, is also famously one of the best industries for employees. (Hello hoodies and ping pong tables.) But there’s more to creating a great workplace than perks. Fortune partner Great Place to work surveyed more than 79,000 people at technology companies across the country to find the ones that not only talked the talk, but backed it u
Facebook Is ‘Ripping Apart’ Society, Former Executive Warns Last month, former Facebook president Sean Parker expressed fears over what the social network is “doing to our children’s brains.” It was developed to be addictive, he said, describing Facebook as a “social-validation feedback loop” that exploited weaknesses in the human psyche. Now another Facebook alum has come out with deep regret ove
Steve Jobs was partly correct when he said, “A lot of times, people don’t know what they want until you show it to them.” By the time Ford (F) sold its first car in 1903, there were no paved roads or gas stations, so consumers wanted faster horses, not cars. Until Starbucks (SBUX) showed there was such a thing as premium coffee, all deli store coffee were considered to be the same. And in 2007, mo
Data Sheet—Salesforce CEO Marc Benioff Seeks More Approachable AI Last year Salesforce announced with much hoopla—which is how Salesforce announces things—a new artificial intelligence product called Einstein. For a feature story in the current issue of Fortune, Marc Benioff, the company’s CEO, told me how his intuition helped name the product. As I relate in my article, the name was serendipitous
‘I Am a Good Citizen.’ Immigrants React to Jeff Sessions’ DACA Announcement The Trump administration on Tuesday formally announced the end of Deferred Action for Childhood Arrivals (DACA) – an Obama-era program that had been designed to protect some 800,000 young undocumented immigrants from deportation. “I am here today to announce that the program known as DACA that was effectuated under the Oba
Read YouTube CEO Susan Wojcicki’s Response to the Controversial Google Anti-Diversity Memo Yesterday, after reading the news, my daughter asked me a question. “Mom, is it true that there are biological reasons why there are fewer women in tech and leadership?” That question, whether it’s been asked outright, whispered quietly, or simply lingered in the back of someone’s mind, has weighed heavily o
SEC Says Digital Tokens Are Securities, Warns of Fraud The Securities and Exchange Commission (SEC) headquarters building stands in Washington, D.C., U.S. on Tuesday, Oct. 1, 2013. In a report likely to jolt the red-hot market for so-called “Initial Coin Offerings” (ICOs), the Securities and Exchange Commission on Tuesday found that the “coins” in one prominent ICO were in fact securities—meaning
Americans Are Having Less Sex Than Ever — and Researchers Are Blaming Netflix American adults had less sex in the early 2010s than they did in the 1990s, to the tune of nine fewer times a year, according to new research published in Archives of Sexual Behavior. (That’s a drop from a yearly average in the low 60s, to one in the low 50s.) This slump holds true regardless of gender, age, race, work o
Retired banker Masako Wakamiya was frustrated by the lack of mobile games that catered to the elderly, who have a tougher time keeping up with the action-packed games that are popular with teens. So the 82-year-old from Japan started taking online tutorials to learn how to write software code. “I didn’t see any apps for the elderly, so I decided to create my own,” Wakamiya told Fortune. Wakamiya,
This Company Declared War on a Patent Troll With a $50,000 Bounty A group of lawyers who formed a company called Blackbird to file patent lawsuits against tech and retail firms may have chosen the wrong target. On Thursday, that target—the Internet security company Cloudflare—responded to Blackbird’s legal action with a scorched earth campaign to take down Blackbird and shred its patents. In a blo
Exclusive: Facebook and Google Were Victims of $100M Payment Scam A man stands in front of a monitor displaying the Facebook Inc. website in this arranged photograph in Tokyo, Japan, on Wednesday, May 16, 2012. Facebook Inc. is boosting the number of shares for sale in its initial public offering to 421 million, letting it raise as much as $16 billion, two people with knowledge of the deal said. P
Intel Pulls Out of OpenStack Effort It Founded with Rackspace Intel has cut funding for an effort it launched two years ago with Rackspace to encourage the use of OpenStack software technology by big business customers that want more flexible and cheaper data center infrastructure. The two companies announced the joint effort, called the OpenStack Innovation Center, in July 2015. A source close to
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