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Tag: Tech

Virus outbreak delivers tech darlings a harsh reality check

Virus outbreak delivers tech darlings a harsh reality check

Technology
Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get togetherBy BARBARA ORTUTAY, DEE-ANN DURBIN and MICHAEL LIEDTKE The Associated PressApril 8, 2020, 7:16 PM5 min read5 min read Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is down 28 percent. Over the same period, the S&P 500 has fallen just 10 percent, even with wild swings along the way. The picture is even less clear for other, still-private “unicorn” companies once valued at more than $ 1 billion, such as Airbnb and W
Coronavirus: Tech firms summoned over ‘crackpot’ 5G conspiracies

Coronavirus: Tech firms summoned over ‘crackpot’ 5G conspiracies

Business
The culture secretary is to order social media companies to be more aggressive in their response to conspiracy theories linking 5G networks to the coronavirus pandemic.Oliver Dowden plans to hold virtual meetings with representatives from several tech firms next week to discuss the matter. It follows a number of 5G masts apparently being set on fire. The issue will test the companies' commitments to free speech."We have received several reports of criminal damage to phone masts and abuse of telecoms engineers apparently inspired by crackpot conspiracy theories circulating online," a spokeswoman for the Department for Digital, Culture, Media and Sport told the BBC."Those responsible for criminal acts will face the full force of the law. "We must also see s...
Coronavirus: NHS turns to big tech to tackle Covid-19 hot spots

Coronavirus: NHS turns to big tech to tackle Covid-19 hot spots

Technology
The NHS has confirmed it is teaming up with leading tech firms to ensure critical medical equipment is available to the facilities most in need during the coronavirus outbreak.It blogged the firms would create computer dashboard screens to show the spread of the virus and the healthcare system's ability to deal with it.These will draw on data gathered via 111 calls and Covid-19 test results.The first should be made available to government decision-makers next week.Four tech firms were named in the blog. Three are US-based: Microsoft, Google and Palantir. The fourth is Faculty AI, which is headquartered in London.Amazon was not referenced but the BBC has confirmed that it is also involved. The NHS intends to add details of the company's role later.Many of ...
Zuckerberg meets EU officials as bloc’s new tech rules loom

Zuckerberg meets EU officials as bloc’s new tech rules loom

Technology
Facebook CEO Mark Zuckerberg has met top European Union officials on a visit to BrusselsBy KELVIN CHAN Associated PressFebruary 17, 2020, 4:35 PM3 min readLONDON -- Facebook CEO Mark Zuckerberg met top European Union officials on a visit to Brussels on Monday, days before the bloc is expected to release new proposals on regulating artificial intelligence. The billionaire social network founder is the latest U.S. tech executive to make the trip to the headquarters of the EU, which is becoming an increasingly important player in technology regulation. Zuckerberg's visit came as the company warned that potential regulation risked stifling innovation. Zuckerberg met Margrethe Vestager, the EU's powerful executive vice president in charge of making Europe “fit for the digital age.” He also ha