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Airbnb bans hosts from using indoor security cameras in rentals
The Guardian· 2024-03-11 20:50
Airbnb said Monday that it’s banning the use of indoor security cameras in rentals around the world by the end of next month.The San Francisco-based online rental platform said it is seeking to “simplify” its security-camera policy while prioritizing privacy. The change will take effect 30 April.“These changes were made in consultation with our guests, Hosts and privacy experts, and we’ll continue to seek feedback to help ensure our policies work for our global community,” Juniper Downs, Airbnb’s head of co ...
Facebook and Instagram down: Meta services hit by widespread outages
The Guardian· 2024-03-05 16:31
Facebook and Instagram are experiencing severe issues, as of Tuesday afternoon UK time, with the services refusing login attempts and feeds stalling. The outages were first reported at about 3.30pm GMT.Unusually, the issues have coincided with login problems on Google’s platform, suggesting a common cause between the outages at two tech conglomerates who largely control their own infrastructure.Meta’s business status page reported a number of disruptions, including “major disruptions” for the group’s admin ...
Misleading clickbait is prevalent on Facebook and Instagram in Canada after Meta's news ban. Could it happen in Australia?
The Guardian· 2024-03-05 14:00
Misleading viral clickbait dominates Facebook and Instagram in Canada after Meta pulled news from its platforms nine months ago, according to an expert. Now Australia could face a similar scenario online with the company preparing to battle the Australian government over payments to news organisations.Last week Meta announced it would no longer pay Australian news publishers, prompting the Australian government to explore the use of legislative powers to force the platform to negotiate with news media for p ...
Lawyers who had Elon Musk's pay dismissed as excessive seek $6bn in Tesla shares
The Guardian· 2024-03-02 05:05
The lawyers who successfully argued that Elon Musk’s $56bn pay package was excessive are seeking a record legal fee worth $6bn, payable in the electric car maker’s stock, according to a court filing.“We recognise that the requested fee is unprecedented in terms of absolute size,” Friday’s filing by the three law firms with the court of chancery in Delaware said.The fee works out to an hourly rate of $288,888, according to the filing.The electric vehicle maker is being asked to pay the fee because it benefit ...
Apple reportedly scraps multi-billion plan to build electric car
The Guardian· 2024-02-27 22:33
Apple is canceling its plans to build an electric car, according to multiple outlets, ending a secretive project that has consumed immense resources over the past decade. Executives from the company made the unexpected announcement during an internal team meeting on Tuesday, forecasting layoffs and telling employees that many of them would shift to working on generative artificial intelligence, per reports.Apple is believed to have spent billions of dollars attempting to develop an electric, semi-autonomous ...
With a trillion-dollar valuation, Nvidia is at the top of its game – will its reign last?
The Guardian· 2024-02-27 11:22
Everyone wants to be like Apple. The largest publicly traded company in the world, with a flagship product that prints money, and a cultural footprint that has reached world-historical importance: the 21st-century Ford.On a surface level, the companies that get slapped with that comparison are obvious enough. If you pump out well-made, slickly designed consumer electronics that arrive in a nice box, someone somewhere will compare you to the Cupertino giant.Dig a bit deeper, and there’s more meaningful compa ...
Why has Nvidia driven stock markets to record highs?
The Guardian· 2024-02-23 16:39
Investor excitement over artificial intelligence reached a new peak this week when better-than-expected results from chipmaker Nvidia drove stock markets in three continents to record highs.The rally began on Thursday and continued into Friday, as Nvidia overtook Google’s parent group, Alphabet, to become the third most valuable company in the US. Its market capitalisation hit $2tn, surpassed only by Microsoft and Apple.The AI boom has raised many questions, not least over safety and the impact on jobs, but ...
Nvidia reports enormous revenue as AI hits a tipping point
The Guardian· 2024-02-21 22:04
The artificial intelligence boom is pushing demand for Nvidia’s products past Wall Street’s already lofty expectations.The chipmaker beat analyst expectations on Wednesday by leaps and bounds when it reported fourth-quarter earnings, posting $22.1bn in revenue on an expected $20.55bn and $4.93 in earnings per share against an expected $4.64. Revenue was 22% higher than the previous quarter, up 265% from a year ago. Nvidia’s most closely watched earnings figure – revenue from data centers – was up more than ...
Boeing 737 Max program chief ousted after cabin panel blowout
The Guardian· 2024-02-21 18:54
Boeing has ousted the head of the 737 Max program as the planemaker fights to repair its reputation following a terrifying cabin panel blowout.Ed Clark, who was also general manager of Boeing’s Renton plant, is leaving the business with immediate effect, according to an internal memo. His exit was first reported by the Seattle Times.The company has scrambled to reassure regulators, airlines and passengers since a brand-new 737 Max 9 jet was forced into an emergency landing last month.The dramatic incident d ...
Elizabeth Warren urges regulators to block Capital One's takeover of Discover
The Guardian· 2024-02-20 19:59
Senator Elizabeth Warren has urged regulators to block Capital One’s $35bn takeover of Discover Financial, arguing that combining two of the US’s largest credit card companies would harm consumers and challenge financial stability.The blockbuster deal would inevitably lead to higher costs and fees for cardholders, according to the leftwing senator.Richard Fairbank, chairman and chief executive of Capital One, has claimed the planned acquisition amounts to “a singular opportunity to bring together two very s ...