Core Viewpoint - Europe is significantly lagging behind the US and China in technology and innovation, as stated by Nick Clegg, president of global affairs at Meta [1][2] Group 1: Challenges in European Tech - Clegg emphasized that Europe has a "real problem" in keeping pace with technological advancements compared to the US and China [1] - He criticized the perception that Europe's primary role is regulatory, suggesting that this has hindered innovation [1][2] Group 2: Initiatives and Investments - Meta is promoting a mentoring scheme for five European startups, providing six months of mentorship and access to facilities [2] - In 2021, Meta announced plans to create 10,000 jobs in Europe to support the development of the "metaverse" [2] - Despite significant investments in the metaverse, Meta has shifted focus towards artificial intelligence and has announced thousands of layoffs, including in metaverse-related teams [2]

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Apple and the EU are at loggerheads over the landmark Digital Markets Act, which the iPhone maker has criticised. Apple risks billions of euros in fines after the European Union on Monday found the iPhone maker's App Store to be violating the bloc's landmark digital competition rules. The European Commission informed Apple in ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Vinod Khosla, founder of Khosla Ventures, speaks on a panel on the main stage during the 2024 Collision tech conference in Toronto, Canada. For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind its staggering success are questions on whether new entrants can stake a claim to the a ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Armand Valendez from Pexels Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of "regulatory uncertainties" linked to the EU's new landmark legislation to curb the power of big tech. Citing the European Union's Digital Markets Act (DMA), a spokesperson for the iPho ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Amazon logo is seen, June 15, 2023, at the Vivatech show in Paris. Amazon is moving from putting plastic air pillows in its packages to using recycled paper filling instead, a move that's more environmentally friendly and secures items in boxes better. The company said Thursday, June 20, 2024 that it's already replaced 95% o ...

Core Insights - Nvidia's stock has increased approximately 200% over the past year, significantly contributing to the S&P 500's record highs, with the company accounting for over a third of the index's gains this year [1] - Only three companies—Microsoft, Nvidia, and Apple—represent more than 20% of the S&P 500's total value, indicating a concentration of market power among a few large firms [1] - The tech industry is experiencing a "split world," where trillion-dollar market cap companies dominate, creating challenges for smaller firms and startups [2][3] Company Dynamics - Nvidia has transitioned from being a less exciting story to a leading player in AI, leveraging its products for AI and machine learning applications [3] - The rise of large tech companies raises concerns about the sustainability of smaller startups, as these larger firms often acquire emerging companies before they can grow and compete [3][4] - The consolidation in the tech sector leads to significant profits for major players like Apple, Microsoft, and Nvidia, which can sustain their market advantages [4] Industry Implications - The dominance of big tech companies may hinder creativity and innovation within the tech sector, as startups are essential for fostering new ideas and products [4] - As large tech firms reduce their workforce, displaced employees may seek opportunities in higher-risk startups, which could impact the overall landscape of tech innovation [4]

Core Viewpoint - Boeing's CEO Dave Calhoun acknowledged the company's imperfect safety culture during a Senate hearing, emphasizing ongoing efforts to improve safety and accountability [1][2]. Group 1: Safety Culture and Accountability - Calhoun apologized to the families of victims from the two fatal Boeing 737 MAX crashes in 2018 and 2019, indicating a recognition of the company's past failures [1]. - The Senate committee highlighted complaints from Boeing employees, including a whistleblower's concerns about the use of damaged parts potentially leading to catastrophic events [2]. - Calhoun stated that the company is at a "moment of reckoning" and has an opportunity to change its safety culture [2]. Group 2: Investigations and Legal Implications - The Department of Justice is considering prosecution against Boeing for violating a criminal settlement related to the 737 MAX crashes, with a decision expected by July 7 [3]. - Senator Richard Blumenthal mentioned overwhelming evidence suggesting that prosecution should be pursued against Boeing [3]. Group 3: Employee Concerns and Retaliation - Testimonies from Boeing engineers revealed a culture that dismissed safety concerns and retaliated against those who raised issues, with specific allegations from engineer Sam Salehpour regarding the 787 Dreamliner [4][5]. - Calhoun expressed support for employees who voice safety concerns and committed to addressing questions about retaliation against whistleblowers [4][5].

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Jensen Huang, CEO of Nvidia, which overtook Microsoft and Apple as the world's most valuable publicly traded company. Nvidia edged ahead of other tech companies Tuesday to become the world's most valuable publicly traded company in the latest sign of the might of artificial intelligence. The chip company, which has enjoyed a m ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A McDonald's restaurant is seen, Feb. 14, 2018, in Ridgeland, Miss. McDonald’s confirmed, Tuesday, June 18, 2024, that it’s decided to end a global partnership with IBM, which has been testing an artifical intelligence technology at select McDonald’s drive thrus since 2021.Credit: AP Photo/Rogelio V. Solis, File Ever get your Mc ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Boeing CEO Dave Calhoun will face tough questioning in a Senate panel. Boeing CEO Dave Calhoun will likely face tough questions Tuesday when a Senate panel grills the executive on safety problems, manufacturing missteps and alleged efforts to intimidate whistleblowers. The hearing, an examination of "Boeing's Broken Safety Cul ...