AI takes its toll on Big Tech
Tech giants axe 34,000 jobs
Major tech firms such as Microsoft, Alphabet, PayPal, and eBay have sacked 34,000 workers since the start of 2024 to focus on artificial intelligence (AI), the Financial Times revealed.
Big Tech mulls leaving the UK
Too much post Brexit regulation
Big Tech is considering leaving the UK because they are being swamped with more regulation than they see in the EU.
Social media will allow fake news during the elections
Not even worth trying
Big Tech is rolling back all the censorship and policies to curb misinformation ahead of the 2024 election cycle.
Big Tech has convinced investors that AI is the new goldrush
Investors rushing to put cash into AI-based companies
In what could be a huge bubble, investors are rushing to put their savings into companies centered around AI technology.
Supremes save big tech’s bacon
Recommending terrorist content does not make you liable
Big Tech is sighing in relief after the US Supreme Court has declined to consider reinterpreting foundational Internet law Section 230.
Telcos wants Big Tech help to pay for 5G upgrades
Want EU to make it happen
Big tech companies accounting for more than five per cent of a telecoms provider's peak average internet traffic should help fund the rollout of 5G and broadband across Europe, according to a draft proposal by the telecoms industry.
Big Tech lay-offs are already costing them
19th-century staff management approaches don’t work
Faced with falling margins after the Covid bubble burst, Big Tech let thousands of staff go on the assumption that they could rehire them when things got better at the end of the year, but they might have miscalculated, according an Intuit boss.
Big Tech tries to hire fired workers back
At lower rates and without benefits
Some of Seattle's biggest tech companies are trying to hire back recently sacked workers through agencies where they will go back to the same office with less salary and zero company benefits.
Big Tech can steal your face
And there is nothing you can do about it
A German activitist, Matthias Marx, claims he has had his face stolen by Clearview AI and his features mapped and monetised by three companies without his permission.
AI Bill of Rights shows Big Tech’s teeth
White House powerless to stop it
Attempts by the White House to bring in a bill of rights for the age of algorithms has shown how weak elected governments are over the money and power of Big Tech.