Jeff Bezos’ Housekeeper Says She Had to Climb Out the Window to Use the Bathroom

Jeff Bezos' ex- housekeeper is suing him for discrimination that led to her allegedly having to literally sneak out out of his house to use the bathroom.

Jeff Bezos' former housekeeper is suing the Amazon founder for workplace discrimination that she says forced her to literally climb out out the window of his house to use the bathroom.

In the suit, filed this week in a Washington state court, the former housekeeper claimed that she and Bezos' other household staff were not provided with legally-mandated eating or restroom breaks, and that because there was no "readily accessible bathroom" for them to use, they had to clamber out a laundry room window to get to one.

In the complaint, lawyers for the ex-housekeeper, who is described as having worked for wealthy families for nearly 20 years, wrote that household staff were initially allowed to use a small bathroom in the security room of Bezos' main house, but "this soon stopped... because it was decided that housekeepers using the bathroom was a breach of security protocol."

The suit also alleges that housekeepers in the billionaire's employ "frequently developed Urinary Tract Infections" that they believed was related to not being able to use the bathroom when they needed to at work.

"There was no breakroom for the housekeepers," the complaint adds. "Even though Plaintiff worked 10, 12, and sometimes 14 hours a day, there was no designated area for her to sit down and rest."

The housekeeper — who, like almost all of her coworkers, is Latino — was allegedly not aware that she was entitled to breaks for lunch or rest, and was only able to have a lunch break when Bezos or his family were not on the premises, the lawsuit alleges.

The Washington Post owner has denied his former housekeeper's claims of discrimination through an attorney.

"We have investigated the claims, and they lack merit," Harry Korrell, a Bezos attorney, told Insider of the suit. "[The former employee] made over six figures annually and was the lead housekeeper."

He added that the former housekeeper "was responsible for her own break and meal times, and there were several bathrooms and breakrooms available to her and other staff."

"The evidence will show that [the former housekeeper] was terminated for performance reasons," he continued. "She initially demanded over $9M, and when the company refused, she decided to file this suit."

As the suit was just filed and may well end in a settlement, it'll likely be a long time, if ever, before we find out what really happened at Bezos' house — but if we do, it'll be a fascinating peek behind the curtain at the home life of one of the world's most powerful and wealthy men.

More on billionaires: Tesla Morale Low As Workers Still Don't Have Desks, Face Increased Attendance Surveillance

The post Jeff Bezos' Housekeeper Says She Had to Climb Out the Window to Use the Bathroom appeared first on Futurism.

View original post here:

Jeff Bezos' Housekeeper Says She Had to Climb Out the Window to Use the Bathroom

That "Research" About How Smartphones Are Causing Deformed Human Bodies Is SEO Spam, You Idiots

That

You know that "research" going around saying humans are going to evolve to have hunchbacks and claws because of the way we use our smartphones? Though our posture could certainly use some work, you'll be glad to know that it's just lazy spam intended to juice search engine results.

Let's back up. Today the Daily Mail published a viral story about "how humans may look in the year 3000." Among its predictions: hunched backs, clawed hands, a second eyelid, a thicker skull and a smaller brain.

Sure, that's fascinating! The only problem? The Mail's only source is a post published a year ago by the renowned scientists at... uh... TollFreeForwarding.com, a site that sells, as its name suggests, virtual phone numbers.

If the idea that phone salespeople are purporting to be making predictions about human evolution didn't tip you off, this "research" doesn't seem very scientific at all. Instead, it more closely resembles what it actually is — a blog post written by some poor grunt, intended to get backlinks from sites like the Mail that'll juice TollFreeForwarding's position in search engine results.

To get those delicious backlinks, the top minds at TollFreeForwarding leveraged renders of a "future human" by a 3D model artist. The result of these efforts is "Mindy," a creepy-looking hunchback in black skinny jeans (which is how you can tell she's from a different era).

Grotesque model reveals what humans could look like in the year 3000 due to our reliance on technology

Full story: https://t.co/vQzyMZPNBv pic.twitter.com/vqBuYOBrcg

— Daily Mail Online (@MailOnline) November 3, 2022

"To fully realize the impact everyday tech has on us, we sourced scientific research and expert opinion on the subject," the TollFreeForwarding post reads, "before working with a 3D designer to create a future human whose body has physically changed due to consistent use of smartphones, laptops, and other tech."

Its sources, though, are dubious. Its authority on spinal development, for instance, is a "health and wellness expert" at a site that sells massage lotion. His highest academic achievement? A business degree.

We could go on and on about TollFreeForwarding's dismal sourcing — some of which looks suspiciously like even more SEO spam for entirely different clients — but you get the idea.

It's probably not surprising that the this gambit for clicks took off among dingbats on Twitter. What is somewhat disappointing is that it ended up on StudyFinds, a generally reliable blog about academic research. This time, though, for inscrutable reasons it treated this egregious SEO spam as a legitimate scientific study.

The site's readers, though, were quick to call it out, leading to a comically enormous editor's note appended to the story.

"Our content is intended to stir debate and conversation, and we always encourage our readers to discuss why or why not they agree with the findings," it reads in part. "If you heavily disagree with a report — please debunk to your delight in the comments below."

You heard them! Get debunking, people.

More conspiracy theories: If You Think Joe Rogan Is Credible, This Bizarre Clip of Him Yelling at a Scientist Will Probably Change Your Mind

The post That "Research" About How Smartphones Are Causing Deformed Human Bodies Is SEO Spam, You Idiots appeared first on Futurism.

Originally posted here:

That "Research" About How Smartphones Are Causing Deformed Human Bodies Is SEO Spam, You Idiots

Hackers Just Took Down One of the World’s Most Advanced Telescopes

ALMA is one of the largest and most advanced radio telescopes in the world. And for reasons still unknown to the public, hackers decided to take it down.

Observatory Offline

The Atacama Large Millimeter Array (ALMA) Observatory in Chile has been hit with a cyberattack that has taken its website offline and forced it to suspend all observations, authorities there said.

Even email services were limited in the aftermath, illustrating the broad impact of the hack.

Nested high up on a plateau in the Chilean Andes at over 16,000 feet above sea level, ALMA is one of the most powerful and advanced radio telescopes in the world. Notably, ALMA helped take the first image of a black hole in 2019, in a collaborative effort that linked radio observatories worldwide into forming the Event Horizon Telescope.

Thankfully, ALMA's impressive arsenal of 66 high-precision antennas, each nearly 40 feet in diameter, was not compromised, the observatory said, nor was any of the scientific data those instruments collected.

In High Places

What makes ALMA so invaluable is its specialty in observing the light of the cooler substances of the cosmos, namely gas and dust. That makes ALMA a prime candidate for documenting the fascinating formations of planets and stars when they first emerge amidst clouds of gas.

Since going fully operational in 2013, it's become the largest ground-based astronomical project in the world, according to the European Southern Observatory, ALMA's primary operators.

So ALMA going offline is a distressing development, especially to the thousands of astronomers worldwide that rely on its observations and the some 300 experts working onsite. Getting it up and running is obviously a top priority, but the observatory said in a followup tweet that "it is not yet possible to estimate a date for a return to regular activities."

As of now, there's no information available on who the hackers were, or exactly how they conducted the attack. Their motivations, too, remain a mystery.

More on ALMA: Astronomers Think They Found the Youngest Planet in the Galaxy

The post Hackers Just Took Down One of the World's Most Advanced Telescopes appeared first on Futurism.

Read more:

Hackers Just Took Down One of the World's Most Advanced Telescopes

Meet Europes tech giants – World Economic Forum

When we think of tech giants, we tend to think of Silicon Valley.

And rightly so. California has given the world iconic digital brands like Facebook, Google and Uber.

The US leads the way both with listed tech giants and unicorns privately held companies valued at $1 billion or more.

More than half of the worlds unicorns are based in the US, according to research firm CB Insights.

However, the US is still only one part of the global tech story.

China is home to some of the worlds largest tech companies: ecommerce giant Alibaba, search engine Baidu, and ride-sharing platform Didi Chuxing.

And Europe is also proving increasingly fertile ground for tech entrepreneurs.

The chart below shows some of its largest tech companies both listed brands and unicorns:

Although the UK is home to the largest cumulative value of $1 billion-plus tech firms in Europe, the continents biggest companies are found in Scandinavia.

Spotify is by far Europes most highly valued tech company. The Swedish music streaming service is reportedly being valued at around $16 billion. This makes it the most valuable music streaming service on the planet.

It is also the continents biggest unicorn although it will lose that title if, as expected, it floats on the stock market with a valuation that some expect may reach $20 billion.

Spotify is one of three European tech companies to be valued at more than $10 billion by a report published in September called Europes Titans of Tech by investment firm GP Bullhound.

Swedish entrepreneur Daniel Ek is co-founder and CEO of Spotify, Europes most highly valued tech firm.

Image: REUTERS/Shannon Stapleton

The exclusive $10 billion-plus club also includes German ecommerce firm Zalando, and Spotifys Scandinavian neighbour Supercell.

Finland-based mobile gaming company Supercell is famous for such games as Clash of Clans. Last year Chinese tech group Tencent bought an 84% stake in the company, valuing Supercell at $10.2 billion.

According to GP Bullhound, the UK is home is to nearly $50 billion-worth of $1 billion-plus tech companies, making it the epicentre of Europes digital revolution.

Its biggest listed tech company is online retailer ASOS, while CB Insights identifies the UKs top unicorns as data centre provider Global Switch and online food delivery service Deliveroo.

In the World Economic Forums Global Competitiveness Report 2017-18, the UK is ranked 8th overall, thanks to its technological readiness and the sophistication of its business sector.

However, the report warns that the UKs Brexit negotiations to leave the European Union could undermine its global competitiveness.

Freedom of movement for EU citizens forms a central part of the ongoing negotiations between the British government and the EU.

GP Bullhounds report claims much of the UKs tech success is due to Londons gravitational pull for entrepreneurs from across the continent.

This is backed up by the fact that of the 29% of tech founders in Europe who are expatriates, 60% chose the UK as the place to start up their business.

In total more than a third of European tech founders are based in the UK.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Read more:

Meet Europes tech giants - World Economic Forum

Amazon Receives a Violent Slap That Sends Warning to Other Tech Giants – TheStreet

In a boxing match, both opponents know that each round may be the last. But they often assume that the first rounds are moments of observation to try to destabilize the adversary; see if the lessons learned from the sparring partner were the right ones. Both opponents also know that if they take a violent uppercut it could just be the end of the fight. In any case, an uppercut or a knockout will send a clear message to future opponents: they are vulnerable.

Amazon (AMZN) - Get Amazon.com, Inc. Reporthas just taken one such hit in its standoff to avoid the formation of unions within the company.

Workers at an Amazon warehouse in New York voted Friday to join an upstart union, a historic victory for organized labor union. But in doing so, they inflicted a resounding defeat on Amazon, which did everything to block their efforts.

This vote is the first entry of unions at Amazon in the United States and it is likely an encouraging message and a positive signal for workers seeking to organize themselves at other companies like Apple (AAPL) - Get Apple Inc. Report.

The vote took place in the Amazon warehouse on Staten Island in New York, known as JFK8.Besides the defeat, what is also worrying for the e-commerce giant is that the result was not close.

The vote count gave2,654 "Yes" to join the union and 2,131 "No."There were 67 challenged ballots, which means that even by classifying them in the No, the vote in favor of unionization prevails.Approximately 8,325 workers were eligible to vote whether to become part of the Amazon Labor Union.

The results still need to be formally certified by the National Labor Relations Board (NRLB).

By voting in the Amazon Labor Union, Staten Island workers could challenge the companys current labor model, which is the backbone of its Prime two-day shipping promise, according to CNBC. Unions stand to disrupt the level of control that Amazon exerts over its warehouse and delivery employees, such as its ability to unilaterally set the pace of work and hourly wages.

Scroll to Continue

Unless the company can get the result overturned, Amazon will have to start contract negotiations that potentially could affect the organization of work. The company has until April 8 to dispute the results.

"Were disappointed with the outcome of the election in Staten Island because we believe having a direct relationship with the company is best for our employees," the company said in a statement. "Were evaluating our options, including filing objections based on the inappropriate and undue influence by the NLRB that we and others (including the National Retail Federation and U.S. Chamber of Commerce) witnessed in this election."

Amazon did everything to prevent the Yes victory. The group has even set up a special website: "We invest in the full you your wellness, your career, and your life," the company wrote.

"@amazon wanted to make me the face of the whole unionizing efforts against them. welp there you go!@JeffBezos @DavidZapolsky CONGRATULATIONS," Christian Smalls, one of the leaders of union activism at Amazon,rejoiced on Twitter. "@amazonlabor We worked had fun and made History #ALU # ALUfortheWin welcome the 1st union in America for Amazon."

Smalls, a former JFK8 manager, who was fired by Amazon in 2020 because he violated social distancing rules, the company said. Smalls said he was fired in retaliation for staging a protest in the early weeks of the coronavirus pandemic to call for stronger safety measures.

Amazon faces a second union drive at a Bessemer, Alabama warehouse. The company won rejection of a union last year, but the National Labor Relations Board held that it had acted improperly and ordered a revote. The result of that vote is not yet officially known because there are enough ballots in dispute to change the outcome. A court hearing on the ballot challenges is expected later this month.

The unions' victory at Amazon Staten Island could galvanize workers at other big companies because the e-commerce giant has fought so hard to block union organizing efforts so far.

Groups at at least two Apple retail stores are backed by major national unions and are preparing to file paperwork with NLRB in the near future

Read the rest here:

Amazon Receives a Violent Slap That Sends Warning to Other Tech Giants - TheStreet

Land of the Giants: Titans of Tech release date, trailer and everything we know – What To Watch

A new streaming service has arrived (or is about to) in CNN Plus, and with it comes a slate of exclusive original series, including Land of the Giants: Titans of Tech. This five-part docu-series will look at the rise of the biggest tech companies in the world today.

The streaming service for the cable news network is offering hours of programming that is meant to supplement its live news coverage. This will include featuring classic CNN shows like Stanley Tucci: Searching for Italy, Anthony Bourdain: Parts Unknown, United Shades of America with W. Kamau Bell, as well as brand new original programming, like Land of the Giants and No Mercy No Malice with Scott Galloway.

Here is everything you need to know about Land of the Giants: Titans of Tech.

When CNN Plus officially debuts on Tuesday, March 29, it will do so with the first episode of Land of the Giants: Titans of Tech. Following its March 29 premiere, new episodes of the docu-series will then premiere weekly on Thursdays.

The episodes will be available exclusively on CNN Plus.

Land of the Giants: Titans of Tech is based on the podcast from Recode by Vox, which investigated the rise of some of the biggest tech companies in the world, including Meta (formerly Facebook), Apple, Amazon, Netflix and Google.

The docu-series will explore the full history of these companies, "from their humble beginnings to their present-day standing as global powerhouses," CNN Plus says. The show will feature archival footage and exclusive interviews with experts and tech insiders providing insights into the origin stories on these companies and their founders: Mark Zuckerberg, Steve Jobs, Jeff Bezos, Reed Hasting, Larry Page and Sergey Brin.

Here is what CNN Plus is aiming for the docu-series to do:

"The technologies created by Meta, Apple, Amazon, Netflix, and Google have transformed modern society, forever altering the way we communicate, shop, date, work and think. But at what cost? Over this season, Land of the Giants: Titans of Tech will answer this question through a careful exploration of the current controversies surrounding these tech giants, pondering what the future holds for them and for the world at large."

Here is the trailer for Land of the Giants, which gives just a taste of the insight that interview subjects will provide about the tech moguls at the center of the docu-series and what makes them so successful and, in some cases, dangerous.

Land of the Giants will be available exclusively on CNN Plus, so what will you need to do to watch the docu-series?

Well, first things first, youll have to sign up for the CNN Plus streaming service. At launch on March 29, CNN Plus is only going to be available for US consumers at a monthly subscription of $5.99. A special deal has been announced, however, that anyone who signs up in the first four weeks of CNN Plus launch will get 50% off their monthly fee "for life," as long as they remain a subscriber.

The streaming service will be available to download and watch on smartphones, tablets, computers and other smart TVs.

Read the rest here:

Land of the Giants: Titans of Tech release date, trailer and everything we know - What To Watch

Microsoft Loses Executive to Crypto as Talent War Heats Up – TheStreet

This is a big catch for the crypto sphere. Binance, the largest crypto platform in terms of trading volume, has managed to poach great talent from Microsoft (MSFT) - Get Microsoft Corporation Report.

Rohit Wad has been Binances new chief technology officer (CTO) for four weeks, according to a blog post released on Friday by the company.

Wad was until this announcement "Corporate Vice President (Product and Engineering)" at Microsoft. His LinkedIn page has still not been updated as of time of writing. We can read there that he joined the software giant in October 2016 from Facebook, now known as Meta Platforms (FB) - Get Meta Platforms Inc. Class A Report,where he was engineering director.

He stayed a little over four years with the social media group. Before Facebook, Wad also worked a little over a year at Google (GOOGL) - Get Alphabet Inc. Class A Report, but he had already spent 20 years at Microsoft.

It is therefore a fine connoisseur of the tech sector and of Silicon Valley that Binance, which is in the midst of an offensive to gain the trust of regulators, has just recruited.

At Binance, Wad will "engineer scalable, compliant, and fast Web3 services and solutions that will welcome the next billion crypto users," the company said. "Beyond Web3, he wants to ensure that Binance continues to be the most secure, fastest, and liquid exchange in the world."

"Web3 and traditional tech companies that started in Web2 (like Amazon and Microsoft) will continue to coexist within their own spheres, or pockets, of innovation," Wad said in the blog post.

Scroll to Continue

The race for talent has grown and intensified recently with the emergence of the crypto industry, the metaverse, and web3, the new generation of the internet. In other words, tech giants are no longer just in competition with their traditional rivals but now with startups to attract the best talents.

The advantage of these startups is that they have money, lots of money because venture capital firms are currently investing in their promises to completely disrupt traditional industries and tech.

Apple (AAPL) - Get Apple Inc. Reporthas just signed large checks in the space of a few months to avoid the departure of its talent, in particular to Facebook (FB) - Get Meta Platforms Inc. Class A Report, which focuses on the metaverse, a virtual world in which we will interact via avatars.

The iPhone maker will give its engineers bonuses ranging from $100,000 to $200,000 in the form of restricted stock units that are set to vest over the course of four years if the employees stay with Apple and do not take jobs at other companies. They could become more valuable over time if Apples stock price continues to rise.

Binance is currently on all fronts.

The platform wants to restore its reputation with regulators, particularly in the United States where they face questioning over its practices in terms of money laundering and illicit trading.

Binance also has ambitions to acquire companies outside the crypto space.

In February, Binance invested a $200 million in Forbes, a media that once sued the exchange giant for defamation. In an interview with The Financial Times in March,CEO Changpeng Zhao said the crypto exchange giant plans to invest in one or two firms across several business sectors. The aim of this investment spree is to bring them into crypto.

Read more here:

Microsoft Loses Executive to Crypto as Talent War Heats Up - TheStreet

I’m Never Selling This Tech Giant With Huge Growth Ahead – The Motley Fool

Alphabet ( GOOG 0.75% ) (NASDAQ: GOOGL) is a dominant company in a unique position with its many winning businesses. In this Motley Fool Live segment from "The Rank," recorded on March 14, Fool.com contributors Travis Hoium, Jason Hall, and Danny Vena discuss the elements that set Alphabet apart.

Travis Hoium: Just an incredible business built on the core of search. I think for the longest time that was what I had the biggest problem with is, if search is your core, can't somebody just make a better search engine? The answer is no. [laughs] Once you realize that the new bolt-on mail and the whole G-Suite that businesses are starting to run on in the cloud and all kinds of services, YouTube. This is just such a powerful company and it's in such a unique position. Even YouTube as an example, as many streaming companies as there are nobody is doing what YouTube does, really.

Jason Hall: YouTube is a bigger business than Netflix now. It passed it.

Travis Hoium: Yeah, it's just crazy. The core and the main businesses that as we all know are awesome and then you've got all these moonshots. Waymo could be a trillion-dollar company 10 or 20 years from now.

Jason Hall: That's why I rated it as high as I did, Travis because none of the other bets have really hit yet. None of them really hit yet, right?

Travis Hoium: No.

Jason Hall: YouTube was an acquisition. This wasn't anything that they've developed in-house, so that's why I rated it number 1.

Travis Hoium: Yeah. I just think we're seeing over and over again that this is one of those companies that has the kind of moat that nobody is going to be able to penetrate in any meaningful way. Once you're one of these big tech giants, it's just a matter of like which one is going to grow faster and I think that's the battle that we're having here is like, do you prefer Alphabet to Microsoft? Well they're both going to do well, but I think everything Alphabet is the number 1 there. That's why I picked it number 1. It's an incredible business and I'm in more of it every day despite the fact that I am not an investor.

Jason Hall: Danny, my question; I am an investor in this is one and I'm happy I decided to reinvest when I did about a year or so ago. Danny, was there any particular reason why this one was middle of the pack for you or was it just more conviction in some of the other companies?

Danny Vena: It was mostly more conviction in the other companies. I think that investors are taking a fresh look at Alphabet recently because they grew when a lot of the other tech giants' growth decelerated. But this is one of those companies that I've had in my retirement portfolio for years and years and years and years and not something I'm ever going to sell. I think that we don't know. It's probably going to be Waymo. I think Waymo is going to be the next phase of Alphabet's growth. But it throws off so much cash flow, from so much digital advertising that the company can continue to add next-generation businesses, whether it grows them in-house or if it buys them. But I think there are still more phases for Alphabet, for Google that we don't know yet either.

Jason Hall: We are still in the digital transformation with advertising.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis even one of our own helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

View original post here:

I'm Never Selling This Tech Giant With Huge Growth Ahead - The Motley Fool

Beyond Apple Pay: Tech Giant Prepares to Take on Banks, Fintech – TheStreet

Banks and fintechs will have to get used to it: Apple (AAPL) - Get Apple Inc. Reportshould soon become their competitor. The tech brand has made services one of its most important growth areas.

"We continue to invest in innovation across our services business, which set another all-time revenue record last quarter and performed even better than we had anticipated," CEO Tim Cook told analysts during earnings' call in January.

Apple posted record revenues of $124 billion for the three months ending in December. Services revenues, which includes payments, rose 24% to a record $19.5 billion. Services gross margin was 72.4%.

"The growth of Apple Pay has just been stunning. It's been absolutely stunning. And there's still obviously a lot more there to go," Cook explained. "And because there's still a lot of cash in the environment. And so I think that both of these and whatever else we might do have a great future ahead."

It seems that Apple is determined to attract this money. The iPhone maker is in the process of developing a project called "Breakout", which aims at replacing its Fintech partners, according to Bloomberg.

Specifically, Apple is working on payment processing technology and infrastructure for future financial products. The company wants to offer a wide range of financial products and services ranging from payment processing, financial risk assessment for loan transactions, fraud analysis, credit verification and risk and dispute management with clients.

Apple didn't return a request for comment from TheStreet.

Apple

If the economic model of this new service remains uncertain for start-ups, the question does not arise for tech giants. Those who venture into the payment market do so primarily to retain their members and amortize their costs in other ways. According to experts, they are also attacking this market in the hope of recovering financial data on consumers, useful for developing other services.

If Apple materialized all these projects, the company would become a true fintech powerhouse.

Scroll to Continue

Apple has already been present in mobile payments since 2014 and the launch of Apple Pay, which makes it possible to pay at merchants. The company also offers a peer-to-peer payment service,Apple Pay Cash, which is operated by Green Dot Bank on behalf of Apple.

Apple's Wallet app allows users to add, use, pay with their credit and debit cards, add discount vouchers, loyalty cards.

Apple's finance offensive gained momentum in February with the launch of a game-changing product in payment services.

The firm introduced Tap to Pay functionality. The concept is very simple: instead of using a dedicated payment terminal, the iPhone lends its NFC chip to authenticate the transaction. The iPhone screen displays the amount to be paid and a small NFC logo to indicate to the customer where to affix their iPhone, Apple Watch or NFC-compatible bank card.

The rest works like a classic contactless transaction. The Tap to Pay functionality, resulting from the takeover of the startup Mobeewave two years ago, was developed in partnership with financial institutions which will be able to offer this option to their business customers.

Stripewill be the first to offer the feature to its customers this spring, with integration with Shopify (SHOP) - Get Shopify, Inc. Class A Report.Apple said that other payment platforms and applications are planned later this year. Apple Stores will also use this feature in the coming months.

Merchants must rely on additional hardware, such as Square's external terminal, to accept contactless credit card payments. With Tap to Pay, Apple is attacking this market head-on, or in any case offering an alternative option for small businesses, single-person sellers and other independents.

Apple specified that it will require an iPhone XS or a later model to support Tap to Pay .

Apple is also working on a subscription service for the iPhone and other hardware products, a move that could make device ownership similar to paying a monthly app fee. The service will enable users to subscribe to hardware, rather than just digital services.

Finally, the Cupertino, California-based company is working on a new product/service, called Apple Pay Later. Basically, a kind of loan that could be repaid in at most four installments without interest for short-term transactions and with interest for long-term transactions.

Here is the original post:

Beyond Apple Pay: Tech Giant Prepares to Take on Banks, Fintech - TheStreet

Apple, Meta and Amazon drop off Comparablys 2022 best company cultures list after topping last years rankingheres why – CNBC

Meta Platforms, Amazon and Apple were noticeably absent from Comparably's annual ranking of the global companies with the best culture after topping the list last year.

The companies each made the top 15 last year Meta at No. 7, Amazon at No. 13, and Apple at No. 14 but were not included in the list of 50 companies for 2022.

It's not the first ranking the tech giants have fallen in this year, either: Meta and Apple both dropped more than 20 spots on Glassdoor's annual ranking of the best places to work in the U.S., from No.11 to No. 47 and No. 31 to No. 56, respectively. Amazon did not make the list for 2021 or 2022.

These companies have had a tumultuous past year, from privacy concerns to underperforming stocks, that would negatively affect the employee experience, Comparably CEO Jason Nazar tells CNBC Make It. "It's not always that the companies are performing poorly, either, but other companies are just outpacing them," he adds.

To be sure, employees lauded Meta, Amazon and Apple for their extensive benefits, professional development opportunities and ability to work on projects with wide-reaching impact but such reviews weren't prevalent enough to boost their culture scores.

Meta's drop is hardly surprising given the public relations crises it has endured for the past year. On Glassdoor, employees expressed concern over unwanted public scrutiny, a lack of action from leadership on platform issues and uncertainty about the company's future.

Meta CEO Mark Zuckerberg released a statement in October following whistleblower Frances Haugen's testimony in front of a Senate subcommittee about the platform's harmful impact on children and public safety.

"I'm sure many of you have found the recent coverage hard to read because it just doesn't reflect the company we know," Zuckerberg said. "We care deeply about issues like safety, well-being and mental health."

Reviews from current and former Apple employees on Comparably and Glassdoor also cited minimal work-life balance, erratic schedules and a high-stress, competitive environment.

On Comparably, Apple received a "C" rating for its office culture, and ranked 6th in office culture among its competitors IBM, Google, Microsoft, Amazon and Samsung are all ranked higher.

Workers at several Apple stores throughout the U.S. are planning to unionize, the Washington Post reported last month, pointing to stagnant wages and a lack of professional development opportunities.

"We are and have always been deeply committed to creating and maintaining a positive and inclusive workplace," Apple said in a statement to the New York Times, responding to employee complaints about a "toxic" culture that had surfaced in September. "We take all concerns seriously and we thoroughly investigate whenever a concern is raised and, out of respect for the privacy of any individuals involved we do not discuss specific employee matters."

Amazon has also faced a barrage of criticism over the last 12 months including for its treatment of warehouse employees during the Covid-19 pandemic and fostering a brutal workplace culture.

Andy Jassy, Amazon's CEO, acknowledged that the company could improve its treatment of employees during the GeekWire Summit in Seattle back in October. "I think if you have a large group of people like we do we have 1.2 million employees it's almost like a small country," he said. "There are lots of things you could do better."

Jassy has had a rough first 8 months on the job: Amazon's stock was the weakest performer among big tech companies last year, CNBC reports, though it is bouncing back after the company announced a 20-for-1 stock split earlier this month.

Apple, Meta and Amazon did not respond to CNBC Make It's request for comment.

Correction: This story has been updated to reflect Apple's office culture rank compared to its competitors on Comparably's website. An earlier version misstated its position.

Check out:

10 companies with the best workplace cultures, including pay, perks and work-life balance

These 5 industries have the biggest gender pay gapshere's why

How much job-hopping is too much? Here's what hiring managers say

Sign up now: Get smarter about your money and career with our weekly newsletter

Continue reading here:

Apple, Meta and Amazon drop off Comparablys 2022 best company cultures list after topping last years rankingheres why - CNBC

Q4 results: IT giants TCS, Infosys, HCL Tech to consider paying dividend – Mint

Information Technology (IT) giants Tata Consultancy Services, Infosys and HCL Tech will consider paying final dividend for the financial year 2021-22 (FY22) along with declaring the fourth quarter results.

Infosys said its board will meet on 12 April and 13 April to take on record the financial results for the quarter ended March as well as for the full fiscal year. The board will also consider paying final dividend during the meeting.

Meanwhile, TCS' board will meet on 11 April to approve and take on record the audited financial results of the company for Q4 and year ending March. The company will also consider declaring dividend while announcing the results.

HCL Technologies Ltd said its board will meet on 20-21 April to approve the results and also declare an interim dividend for the current financial year (FY23). The company has fixed 29 April as the record date for determining the entitlement of the shareholders for the payment of interim dividend.

Recently, bellwether company Accenture forecast third-quarter revenue above estimates with growing demand for cloud and security-related services as more and more businesses move to a hybrid work model.

New bookings for the second quarter stood at $19.6 billion, lifted by demand for its cloud and security-related services as more businesses transform to hybrid work model.

Revenue for the second quarter stood at $15.05 billion, compared with analysts' average estimate of $14.65 billion, as per the Refinitiv IBES data.

On Friday, TCS shares closed 0.51% higher at 3,759 apiece on NSE. In the March quarter, the stock is down marginally, close to 2%, as against a drop of 6.09% in the Nifty IT index.

Infosys shares too have been muted in the three months ending March, rising marginally, while Wipro and HCL Tech dropped 16.13% and 11.53% respectively during the same period.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

See more here:

Q4 results: IT giants TCS, Infosys, HCL Tech to consider paying dividend - Mint

Tech giants built digital dragnets to stop Russian propagandaheres how it still seeps through – The Daily Dot

Since Russia invaded Ukraine in late February, pro-Russian propaganda about the war proliferated across the internet.

It may not entirely be the work of the Kremlin, but useful rubes, enthusiastic right-wingers, and people eager to share have led to a maelstrom of misleading videos and claims, despite all the efforts of social media platforms to restrict it.

The ease with which it can seep across the internetdespite the biggest tech giants gathering together to create a digital dragnetreveals that no clampdown can ever fully achieve its intended purpose given the scope, reach, and sheer numbers of users online.

Ukraines online efforts have been met by a public eager to share good news, cast the nation in a positive light, and share tales of the Russian misdeeds, tilting the appearance of who is winning the online information war. Russia, despite an online uphill battle, continues a push that to some extent is successfully portraying its invasion as justified and undermining support for Ukraine.

University of Nevada, Las Vegas researcher Mary Blankenship studies online disinformation, misinformation, and propaganda. Blankenship, who is from Ukraine, said information warfare is a huge aspect of Russias assault on her home country. She described Russias effort as international, intentional, and sophisticated.

Russia has a lot of experience, especially within social media and spreading disinformation, Blankenship told the Daily Dot. That was brought to light starting with the election back in 2016 with how prevalent it is, she added, referring to Russias effort to influence the United States elections.

The Kremlin is using this skill at creating and disseminating propaganda and disinformation online, where a single image or post can go viral and change minds all over the globe.

On March 16, Russia bombed the Donetsk Regional Drama Theatre in Mariupol, Ukraine where civilians were sheltering. An estimated 300, among them many women and children, perished. In the immediate aftermath, Russia hastened to blame Ukraine for the bombing. The Russian Ministry of Defense denied responsibility. State-run media outlets TASS and ANNA News claimed that the theater was blown up by Ukrainian neo-Nazis from the Azov Battalion.

Part of the Ukrainian National Guard, the Azov movements roots are in far-right extremism. Members today deny allegations of fascism, nazism and racism, per CNN.

Azov comprises a slim fraction of Ukraines total forces. In spite of its miniscule size, Russia uses the Azov Battalion as a scapegoat for its invasion.

Following the theater bombing, Russian sympathizers, among them many American right-wing figures and media, amplified Russias version of events. Conservative journalist Max Blumenthal claimed that Azov Battalion staged the bombing as a false flag attack to convince the North Atlantic Treaty Organization (NATO) to intervene in the war.

This false flag claim continues circulating.

Meanwhile, despite tech giants crackdowns, posts supportive of Russia bounce rapidly from platform to platform, at times being slightly altered in an internet version of telephone.

One is a video of a man protesting Canada providing aid to Ukraine. The camera swings around as he approaches the stage at an event in a conference room. Stop escalating the war. Stop sending arms, he shouts. Why didnt you push Kyiv to sign the Minsk accord? No to NATO. Shame on you. Youre going to push us to World War III.

The man holding the camera is Yves Engler, a Canadian author and opponent of NATO. Engler posted the footage of himself interrupting a speech by Canadian Foreign Minister Mlanie Joly on Twitter last week, where it amassed 350,000 views in days.

Engler tweeted that he interrupted the speech to challenge Canadas escalation of violence in Ukraine, weapons deliveries and NATO.

This was just the beginning of the videos journey.

Russian state media picked up the video and twisted the message. Both RT (formerly Russia Today) and Sputnik News covered Englers one-man protest.

RTs coverage of the video claims the west provoked it to invade. Blaming the west and NATO is one of many theories Russia is pushing to justify its preemptive attack on its neighbor.

Englers video and Russias coverage of it was reposted by QAnon conspiracy theorists and far-right figures in the United States, many of whom have taken Russias side in the war, and in other pro-Russia spaces.

Tech companies have restricted and in some areas blocked access to Russia state media like RT and Sputnik News, but their reporting continues flowing from platforms that havent. From there it spreads across the web, polluting the information ecosystem with disinformation and propaganda.

The video is just one of thousands of photos and videos floating around the internet that are part of Russias push to control the online war discourse.

The problem is it completely catapults the discussion of the real issue and transfers it into sideline discussions of what are specific topics or specific facts that are true or not, disinformation researcher Blankenship said. In this scenario it can delay action or completely stop action by political figures or institutions.

In war, even a minor delay or inaction can be the difference of life or death, she added.

Facebook groups, Twitter accounts, Telegram channels, and other spaces onlinesome with tens of thousands of membersare rife with propaganda favoring Russia.

The posts on these platforms repeat false information, such as Russias claim that its bombing of a Ukrainian maternity hospital was actually staged, that it invaded to liberate Ukraine, or that the nationled by a Jewish descendant of Holocaust survivorshas descended into neo-Nazism. Russia has insisted that its aim is the denazification and demilitarization of Ukraine, an argument Ukraine and most of the world rejects. People in these online spaces also accuse Ukraine of committing the very atrocities Russia has been accused of in the war and portray its invasion as a humanitarian mission to rescue a neighbor rather than an unprovoked attack on a sovereign nation.

People post photos and videos of Russian soldiers appearing to feed and care for people identified as Ukrainians, of damaged Ukrainian military equipment, and Ukrainians wounded or killed in the warcasting Russia as both triumphant and humanitarian.

Above all, people insist that Russia will and should be the ultimate victor. Even as reports emerge of Russian soldiers dying by the thousands, abandoning military equipment, and retreating, some online insist Russia is winning.

Blankenship said that Russias propaganda campaign has two aims: to motivate and to intimidate.

The photos below of Russian military equipment and soldiers are designed to intimidate. Pro-Kremlin media outlet ANNA News credited the images to a war correspondent for VGTRK, a Russian state television and radio outlet.

The earliest example the Daily Dot found of the above images of the Russian invasion was in the Russian language Military Informant Telegram channel on March 22.

Within hours, the photos appeared on multiple platforms.

When a member of a pro-Russia subreddit where one of the images was posted expressed dismay at the destruction and wondered how Ukraine will recover, the person who posted the photo replied, Itll heal under Russias control. The pictures were also reposted by a Twitter user who describes themselves as an ANNA enthusiast and routinely tweets articles by ANNA News. The admin of a private Facebook group with thousands of members who post images of military equipment from the war reposted the photos and received universally positive reactions.

In these spaces, theres a steady drumbeat of opposition to the widely accepted notion that Ukraine is the victim of an unprovoked assault ordered by Russian President Vladimir Putin.

Support for Russia runs rampant in many private Facebook groups where people post admiring photos and videos of Russian military equipment and soldiers. Memes and crude cartoons are also common, as are graphic images of those killed or wounded. Often posts in these spaces have Russian watermarks or logos.

Many, such as the one below of a Russian soldier stepping on a Ukrainian flag with a graffiti swastika crossed out with red paint on a wall nearby, push Russias false claim that Ukraine has been taken over from within by neo-Nazis.

These spaces serve to both spread and sanitize propaganda. Its often unclear whether the content has a Russian source or is possibly being spread by a Russian troll farm, such as the infamous Internet Research Agency (IRA) that meddled in the 2016 election. ProPublica reported earlier this month that the IRA appears to be behind much anti-Ukraine propaganda circulating online. Blankenship said that Russia utilizes automatic and semiautomatic bots in addition to troll farms and that it tends to favor Twitter, Facebook, VK, and Telegram as platforms to disseminate propaganda and disinformation.

She said that Russia ramped up its online efforts as early as February. That month, Blankenship tracked a 141% increase in the number of new Twitter accounts registered from the previous February in Nevada alone.

Youll get newly made accounts and all theyll talk about is try to tweet and retweet a certain hashtag. she said. Two weeks ago there was a hashtag that was trending that says #istandwithputin.

The Daily Dot also found posts by people attempting to identify the location of Ukrainian soldiers and volunteers to mark them for death.

In a video circulated widely on multiple platforms last week, foreigner volunteers for the Ukrainian war effort film from inside an apartment in Ukraine.

British mercenaries in Kyiv! They will soon be found out!! an administrator of a private Facebook group with tens of thousands of subscribers captioned the video.

The Daily Dot found the same video on Telegram and Twitter the same day as the March 22 Facebook post. Commenters wished the men death and worked to identify their location. Wheres [a] hypersonic missile when you need it, wrote one on Telegram. A Twitter user replied to the video, If I can already figure out what building this is, then these guys are toast. Reddit army.

Propaganda always spreads on both sides of any conflict. On the Ukraine side, theres the tale of a mythical Ghost of Kyiv, a Ukrainian pilot that supposedly shot down six Russian jets in a single day in February. Photo and video evidence of the so-called Ghost has been debunked.

Disinformation researchers like Blankenship point out that Ukraine doesnt have a robust propaganda machine like the Kremlin, nor its many years of experience, however.

On the Ukrainian side there is not nearly as much disinformation and propaganda, said Blankenship, who is from Ukraine. When you have tweets about Ukraine most of them are just to stand in solidarity and support for Ukraine.

In recent years, Russias propaganda machine has been described as a firehose of falsehood.

Now Russia has put that machine to work on how its invasion of Ukraine and Ukraine itself is perceived. Last month, the Economist reported it is running at full throttle to control the narrative about Russias invasion of Ukraine. Each post about Ukrainian neo-Nazis or Russian success on the battlefield, or the humanitarian acts of Russian soldiers that filters from Russian media and sympathizers across the web is a symbolic missile with the ability to impact multiple targets across multiple platforms.

Some of the barrages are stopped, but given the voluminous volleys, plenty still detonate.

Read more:

Tech giants built digital dragnets to stop Russian propagandaheres how it still seeps through - The Daily Dot

After 10 years, Girls Who Code ‘made coding cool’ but toxic tech culture means ‘there’s still such a long way to go’ – CNBC

Ten years ago, 20 girls from high schools across New York City gave up seven weeks of their summer to gather in a tech company's Flatiron Building conference room and learn the basics of computer programming.

At the time, it didn't necessarily feel like that big of a deal but that experiment became the inaugural summer program of Girls Who Code. Founded in 2012 by Reshma Saujani, the New York-based nonprofit works to close the gender gap in computer science jobs, partially by creating a steady pipeline of female talent with STEM backgrounds.

Girls Who Code has taught computer science skills from basic coding to designing algorithms and websites to roughly 500,000 girls across the world, a number it aims to double over the next decade. More than a third of those participants have gone on to earn computer science-related college degrees, compared to 5% of U.S. women overall, the organization says.

A group photo of the 20 participants in the first-ever Girls Who Code summer program in 2012 in New York City.

Source: Girls Who Code

Girls Who Code has now raised over $100 million in total from some of the world's biggest companies, including Apple, Microsoft and Walmart.Yet, Saujani notes, today's percentage of women tech industry workers about 32% is actually three percentage points lower than in 1984, according to a 2020 joint study from Girls Who Code and Accenture.

"We're not moving the needle fast enough," Saujani, now the chair of Girls Who Code's board of directors, tells CNBC Make It. "The numbers of women in tech are not that different than they were 10 years ago."

That means the organization, on its 10th anniversary, is facing a crossroads: Tech's gender gap may be more than just a talent pipeline problem. And Girls Who Code needs an expanded focus if it wants to make a bigger difference over the next 10 years.

Girls Who Code is the product of a failed political campaign: Saujani is a former corporate lawyer who worked on Hillary Clinton's 2008 presidential bid, and ran for a U.S. Congressional seat in New York in 2010. Her bid came up short, but on the campaign trail, she saw something interesting.

Actually, it was more about what she didn't see.

"I would go into [a] computer science classroom, and literally just see, like, lines and lines and lines of boys trying to be the next Steve Jobs or Mark Zuckerberg," she says. "I was just like: Where are the girls?"

Part of the issue, Saujani says, is that girls can get dissuaded from STEM education topics at a young age. Despite being the daughter of two engineers, "I got it in my head [early on] that I wasn't good at it," she says. "I think that's what happens with a lot of girls."

Dr. Tarika Barrett, who took over as Girls Who Code's CEO in April 2021, says another problem is that high-profile tech role models are often male.

"Our data tells us: Before girls are even 10 years old, they've already internalized so many of these cultural touchstones about what a computer scientist looks like," she says. "It resonates with them throughout their entire lives."

Those data points are core to Girls Who Code's mission: Funneling more women into an industry where entry-level employees can land annual salaries over $150,000 at companies like Google and Facebook, Saujani says, could be "this great equalizer, in terms of poverty alleviation ... you could literally have millions of girls march into the middle class."

Step one: Encourage a cultural sea change in STEM education.

Barrett says she's proud of Girls Who Code's various awareness campaigns, from a book series for young readers to a joint 2020 Super Bowl commercial with skincare brand Olay, featuring stars Lily Singh and Busy Phillips as astronauts. Girls Who Code has even made music videos with rappers like Lizzo and Doja Cat.

"These campaigns aren't just entertainment," Barrett says. "Every time a girl, and especially a Black or brown girl, sees themselves reflected in something like this, it can be game-changing."

The change in perspective is palpable, Saujani says. A decade ago, she often heard from parents who struggled to get their daughters interested in coding, saying: "It's just not cool."

Now, she says, she's "inundated with people like, 'Will you take a picture with me? My daughter is the captain of her robotics team!' We did change [the] culture, and we made coding cool."

Girls Who Code CEO Dr. Tarika Barrett with a group of young coders.

Source: Girls Who Code

The second step, both Saujani and Barrett say, is much harder for Girls Who Code to impact because it revolves around the culture at many U.S. tech companies.

"Half of women leave tech roles by the age of 35, with many of them saying that their workplaces were still inhospitable to women," Barrett says, citing the study from Girls Who Code and Accenture. Harassment often creates toxic work cultures: In 2020, nonprofit Women Who Tech found that more than 40% of female tech employees said they'd been sexually harassed by a superior.

Women now make up just 26% of the workforce in computer science-related jobs with Black and Latinx women making up only about 5%, collectively according to a study from the National Center for Women & Information Technology.

More than half of Girls Who Code alumni come from historically underrepresented racial or socioeconomic groups, the organization says but that focus has yet to result in significant industry change.

"And we still have half of women in tech saying that they lack female role models," Barrett says.

Barrett and Saujani say they're realistic about the limits of their work, and just how much needs to happen before gender equity in the computer science field is a realistic possibility.

Both suggest Girls Who Code could better leverage its partnerships with tech giants like Twitter and Facebook, for example to help make their environments better for female employees.

"Our research also found that more inclusive work cultures could actually increase the number of women in tech by three million," Barrett says. "So much of this is really encouraging companies to look deeply at their own practices."

With that in mind, Barrett says, Girls Who Code has a new goal: Achieve gender parity in new, entry-level tech jobs by 2030. Once you get girls interested in computer science, you need to make sure they can actually go on to land careers in tech as young women, she says.

To that end, Girls Who Code has rolled out a workforce development program aimed at matching its college-aged alumni with potential tech jobs and female tech mentors. Last year, the nonprofit also partnered with the Biden Administration on an initiative to create more career pathways for women in cybersecurity and tech.

The new focus means having "harder conversations" with tech companies, says Barrett. And while there's no "magical" solution, she notes, "it's the kind of self-reflection that leads to shifting away from these white male offices and creating spaces that more accurately reflect the world that we're living in today."

That's much easier said than done, but Barrett says she's undeterred. "We're on track," she says. "[But] there's still such a long way to go."

Sign up now: Get smarter about your money and career with our weekly newsletter

Don't miss:

Wilma Mankiller will soon be on new U.S. quarters what you need to know about her

This 34-year-old's first business went up in flames now she's on a mission to build a billion-dollar vegan burger empire

More:

After 10 years, Girls Who Code 'made coding cool' but toxic tech culture means 'there's still such a long way to go' - CNBC

ASX set to rise as tech giants drive Wall Street higher – Sydney Morning Herald

Russias invasion of Ukraine has been unsettling markets and adding to lingering concerns about persistently rising inflation and global economic growth.

What weve seen over the course of last several weeks is capital markets have looked toward removing some of the worst case scenarios, said Bill Northey, senior investment director at US Bank Wealth Management.

Energy prices have been extremely volatile as the conflict continues, but have been easing over the last few days. Pressure on prices is also being relieved as Chinese authorities lock down Shanghai because of a surge in COVID-19 cases, which could crimp global demand for oil.

US crude oil prices fell 1.6 per cent and Brent crude, the international standard, slid 6.8 per cent. Prices are still up more than 30 per cent globally, but were up more than 50 per cent as of just last week.

Falling oil prices weighed down energy companies, which had some of the biggest losses on Tuesday. Chevron fell 1.2 per cent

More than 85 per cent of the stocks in the benchmark S&P 500 rose. Technology and communication stocks helped power the rally, along with big retail chains, automakers and other companies that rely on consumer spending. Apple rose 1.9 per cent and Netflix added 3.5 per cent. Ford Motor climbed 6.5 per cent and General Motors gained 4.6 per cent.

European markets rose, while Asian markets closed mixed overnight.

The yield on the 10-year Treasury note, which influences interest rates on mortgages and other consumer loans, fell to 2.39 per cent from 2.47 per cent late on Tuesday. It briefly dropped below the 2-year Treasurys yield, what Wall Street calls an inversion of the Treasury yield curve. Investors take note of this because prolonged yield inversions have accurately predicted previous US recessions. The 2-year Treasury yield rose to 2.36 per cent.

The brief inversion in the yield curves may just be a blip, given that in the times when theyve preceded a recession, theyve remained inverted for some time and, even then, its taken an average of 18 months before a recession followed, Bell said.

Developments in that part of the yield curve over the next couple of days, next couple of weeks, will be really important to watch, she said.

Loading

Bond yields had been rising as Wall Street prepares for higher interest rates after years of ultra-low interest policies from central banks around the world. The rate hikes are part of a strategy to help temper the impacts of rising inflation.

The Federal Reserve has already announced a 0.25 per cent hike of its key benchmark interest rate and is prepared to continue raising rates.

Wall Street is also reviewing the latest economic updates this week. US consumer confidence bounced back in March, according to a report from business research group The Conference Board.

The Commerce Department will release its February report for personal income and spending on Thursday and the Labor Department will release its employment report for March on Friday.

Read more from the original source:

ASX set to rise as tech giants drive Wall Street higher - Sydney Morning Herald

Meta’s A.I. exodus: Top talent quits as the lab tries to keep pace with rivals – CNBC

Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse.

Facebook | via Reuters

Facebook parent Meta has lost some of its top artificial intelligence scientists this year as the company continues its pivot toward the metaverse.

At least four prominent members of Meta AI have departed in recent months, according to people familiar with the matter and LinkedIn analysis. Between them, the scientists have published dozens of academic papers in world-renowned journals and made multiple breakthroughs that Meta has used to enhance Facebook and Instagram.

Karl Hermann, an AI entrepreneur who used to work at rival lab DeepMind, told CNBC on Monday the true figure could be more like half a dozen, adding that the company's London AI lab had seen an alarming number of exits. "Meta's London office just collapsed and they lost most of their [top] researchers in the span of six weeks," he said.

Neil Lawrence, professor of machine learning at the University of Cambridge, told CNBC that he wasn't surprised. "Mark's [Zuckerberg] gone all Meta now ... and they never invested properly in anything in London in the first place," he said.

Those who have left the company include Edward Grefenstette, a research scientist that led Meta's efforts on a branch of AI known as reinforcement learning, who departed in February. He declined to comment when contacted by CNBC.

Heinrich Kuttler, one of Meta AI's research engineering managers, left in recent weeks to join Inflection AI, a start-up set up by DeepMind co-founder Mustafa Suleyman and LinkedIn billionaire Reid Hoffman. Kuttler joined Meta in Jan. 2019 after spending over two years at DeepMind.

Another recent departure is Ahmad Beirami who left his research scientist position at Meta in January and joined Google in the same role.

And last year, in December, Douwe Kiela left his research scientist role at Meta after spending five years at the company. He's now head of research at AI start-up Hugging Face.

Kuttler, Beirami and Kiela did not immediately respond to a CNBC request for comment.

A number of other Meta AI staff have either left or are expected to leave in the coming weeks, a person familiar with the matter told CNBC, asking to remain anonymous due to the sensitive nature of the issue. They added that there's no one reason why people were leaving.

"Some people jump to another big lab because they feel it will advance their career or research agenda better," the source said.

"Others go because comp or hiring potential for their team is better elsewhere," the source added. "Others just want to do a start-up or get involved with a smaller company. For some it might be tied to Meta stock tanking, but I wouldn't say that's necessarily the main reason."

Meta's Chief AI Scientist Yann LeCun, who co-founded the firm's AI lab in 2013 after a dinner at Zuckerberg's house, told CNBC via email that "peoplehave changing interest[s] and move on."

He added: "Ed [Grefenstette] is joining an unnamed start-up. I'm sad he has left. But I understand that people's interests shift. I'm not sure what Heinrich's plans are. There is no underlying common cause that I know about. There has been no detectable migration from FAIR (Facebook AI Research) London nor from the other sites."

It's worth noting that several people from DeepMind and other AI labs have also joined Meta over the last couple of years.

Meta AI Chief Scientist Yann LeCun says people move on.

Getty Images

Fueled by the belief that AI is going to change the world, U.S. tech giants have been investing heavily in the area over the last few years with most of the money going toward hiring top talent from leading colleges like Oxford and Cambridge in the U.K., and MIT, Stanford and NYU in the U.S.

The latest departures at Meta AI come on the heels of several other big exits over the last two years. Rob Fergus, the co-founder of Meta's AI lab, left Meta in 2020 to join DeepMind and build up a DeepMind team in New York.

Elsewhere, Marc'Aurelio Ranzato left his research scientist manager role at Meta AI last August and joined DeepMind.

Beyond Meta's AI lab, there were a number of other major exits across the company in 2021.

Follow this link:

Meta's A.I. exodus: Top talent quits as the lab tries to keep pace with rivals - CNBC

It’s a Wrap: Highlights from the 2022 Spring TV Tech Summit | TV Tech – TV Technology

This weeks 2022 Spring TV Tech Summit provided an opportunity for our industry to discuss the current state of M&E tech as well as take a peek into trends that will shape the future of television. In a series of keynotes and panels, the lively discussions from industry experts covered a range of topics, from NextGen TV to AI, news production and the cloud, and how it is revolutionizing live and remote production.

Del Parks, President of Technology, Sinclair Broadcast GroupThe summit started off with a keynote conversation with Del Parks, President of Technology for Sinclair Broadcasting Group. Parks, a long-time veteran broadcaster, talked about how the company is adapting and diversifying its content offerings and expanding its reach.

Ruminating on how the pandemic of the past two years has impacted Sinclairs operations, Parks said the company was well-prepared.

We were in a pretty good position, and ready to adapt, he said. COVID affected all of our communities and so viewers and customers were experiencing the same constraints and limitations as broadcasters were, so I don't think it was a big surprise when our viewers saw our meteorologists reporting from their homes or our reporters were using Skype or Zoom to interview newsmakers.

I think the overall lesson it taught us is that innovation and adaptability can be embraced with reasonable solutions that can get the job done. And under these circumstances, I think our viewers have accepted it, he added.

Adoption of the cloud for broadcast has been a major trend for a decade but that trend was accelerated due to the demands of ramping up remote production operations over the past two years. Sinclair was an early adopter of the cloud and has expanded its capabilities beyond just storage and distribution, Parks said.

We began with the playout of a kids programming block from the public cloud in 2017, he said. Today we play out all of our diginet feeds from the public cloud and distribute to our affiliates using our LTN IP network. Additionally, in the last year, or so we've built a media content management, storage and distribution system that services our sports and broadcast users across the Sinclair family and that also operates out of the public cloud. Interestingly, enough, the pandemic accelerated the development and implementation of that.

Security is top of mind among broadcasters and Parks talked about the cyber attack that hit Sinclairs media operations last fall. Our IT department and our broadcast engineers, everybody, worked together and we recovered from it pretty well and in the process, strengthened our systems, he said.

Catherine Badalamente, President of Graham Media GroupCatherine Badalamente, the new president of Graham Media Group, and the second keynoter of the day, discussed the evolution of todays TV station groups where broadcast is just one of a range of distribution platforms.

Badalamente, who previously headed up GMGs digital operations, discussed the importance of a robust digital division. We position ourselves as being at the forefront of the digital side, especially in broadcast, she said. We were one of the first groups to actually have OTT apps in the marketplace and weve really leaned heavily into streaming. We have also pushed hard on NextGen TV and have itin all of (six of) our markets.

Badalemente said GMG learned a number of lessons over the past several years, and the experience with the pandemic reminded her of how broadcasters are driven by innovation to adapt and remain relevant to their viewers.

There were a lot of things that were done that frankly, for years, people would have said were impossible. We were forced to create new ways of doing things and it was amazing how the station stepped up, she said, referring to how stations ramped up their remote production capabilities in response to lockdowns.

In terms of being able to create frictionless processes for people to work from home, we were able to look at new ways of delivering our message, new ways of communicating with our audience, said, adding that the silver lining was that there were things done within that first year of COVID that I think would have taken five years if we hadn't had a pandemic.

Badalamente discussed how the decline of local newspapers has further illustrated the importance of local broadcasters in their community.

I think that we are really in a unique position like we've never been before, she said. We take our position in our communities very seriously. Frankly, there's not a lot of competition coming from the newspaper side in our markets, unfortunately. And that means that we have to actually pick up the slack and make sure that we have that level of coverage so we can make sure that we are protecting our communities, making sure that we're being able to serve them the right way.

Eric Hutto, President, DiversifiedThe final keynote of the summit was from Eric Hutto, the new president of Diversified, one of the worlds largest media technology and system integration companies.

Hutto comes to Diversified after serving in executive roles at tech giants such as Unisys, Dell and KPMG and TV Tech Senior Content Producer George Winslow asked him how his experiences prepared him for his new role heading up a large M&E tech and IT firm.

Let's start with just where the world's goingit's all about an experience and creating energy, and providing services, he said. So this particular industry was already bouncing up against IT services. A lot of the ways that IPTV is going to evolve is going to be through cloudand were going to have to have a really high level of security knowledge because it's just getting more complex and sophisticated.

And really the intent of broadcasting is to communicateto get information out and to let people create content and share, he added. So I think when I looked at this industry, it was intriguing to me because services are right in the midst of this conversation.

Hutto also commented on the changing nature of systems integration, going from a hardware-intensive operation to more software-based systems and how Diversified has adapted to this trend by establishing a media workflow group, for example.

One of the things I think that Diversified were already leaning into is workflows, and that's really what business is all about these days, he said. It's not so much about infrastructure and applicationsit's about the workflows, and the things underneath it.

Helping media companies integrate next-gen technologies such as AI, machine learning as well as augmented intelligence are also important trends to watch in M&E tech, Hutto said.

Looking back, you've heard a lot about machine learning and artificial intelligence in the IT space, but over here (in media), it's augmented intelligence, he said. Companies just can't afford to raise all their staff to be able to do all the different things that they have, including traditional broadcasting and IPTV, for instance. So how do you use augmented intelligence to do a lot of things that people were doing so that they don't have to do anymore? I think that involves staff balancing and letting your expertise go to where it is.

In terms of streaming, we all can do it, he added. But that's not why a company like Netflix is successful. It's their engine that allows them to generate content specific to me, that they're the curator of the content that makes them special.

New Life for Live Production ToolsThe panel New Life for Live Production Tools delved into new technologies and workflows that have allowed broadcasters and media enterprises to expand and improve live coverage.

Michael Davies, senior vice president of Fox Sports, discussed how the network created a new look for its NASCAR coverage when it broadcast the The Busch Light Clash At The Coliseum in February.

It was a NASCAR race that was done in the LA Coliseum and that's never been done before. So we had no idea what that would really look like, he said. NASCAR and Fox Sports worked from a rendering of the Coliseum as a race track, which gave the network a much better idea of what the race was going to look like in terms of camera placement, Davies added.

Zero Density, a provider of virtual studio, augmented reality and real-time graphics technologies has worked with Fox Sports on its NASCAR coverage and Onur Glen, territory manager for the company, explained how the use of VR, AR and xR tech is expanding in the media and broadcast space.

Weve worked with The Weather Channels 24/7 virtual weather presentation, MLB on Turner Sports and NEP is a partner as well, Glen said.

Daniel Pisarski, VP of engineering for LiveU, discussed the role that bonded cellular companies have played in helping broadcasters adjust to the realities of keeping operations running smoothly during the pandemic.

A lot has been said about how the pandemic took workflows that users were curious about, but accelerated things and forced the industry to adopt themand part of that definitely is ground-to cloudyou're out there shooting this content and you need to get it back to a centralized control room, he said. And then during the pandemic, a lot of people tried it out. Our customers said we need to get it back to a virtual control room in the cloud and have our team distribute and interact with the cloud from the locations were in, and bonded cellular makes a great fit for that.

Casper Choffat, SVP, Global Product for NEP Group explained how the mobile production giant is adapting new centralized production methods to work with new remote production scenarios.

All of our truck and flypack deployments will eventually have our NEP platform control system, which we are calling TOC, Choffat said. And that control system basically ensures that for the operator or for the clients, the experience inside of the control room remains the same if you step into an OB truck, or if you step into facility, or if you use a flypack, because eventually our vision is that everybody will use that control system when they use NEP capabilities.

The Future of Cloud TechnologiesIn The Future of Cloud Technologies, panelists discussed the vital role of cloud technology in todays broadcast media environment.

Kate Tempelmeyer, media services director for Nebraska Public Media, discussed how the networks early adoption of cloud evolved into a hybrid setup.

We actually started working with Avid a number of years ago, when we virtualized our first stack of servers, she said. And as time went on we morphed into kind of a hybrid solutionliving on premise and being able to edit in the Nexus cloud and it's proven to be a good solution for us.

David Rosen, VP, Cloud Applications and Services for Sony, explained how the role of the cloud in media has changed.

From an application standpoint, we're starting to see a migration away from the overall use of the cloud for distribution purposes, he said. In terms of content creation, getting the content thats actually going to play out is now starting to move into the cloud as well. And I think there have been some pretty cool applications that we've been seeing from a live production standpoint, people actually starting to do switching of certain events. And I think we're going to start to see that begin to encroach upon some of the larger events as people become a bit more aware of what some of their limitations are.

Karl Paulsen, CTO for Diversified, said for facilities transitioning to the cloud, a number of questions need to be asked.

How much of the cloud do you use? Do you use more than one cloud? How do you move from one cloud to another? We've got the opportunities now to do a lot of thinking about where this is going, particularly in facilities that are still maybe a year or more away before the physical construction goes on, he said.

John Footen, managing director, M&E for Deloitte Consulting predicted that the cloud will provide enormous capabilities in enhancing how viewers watch live events.

When we reach a point where all of the cameras in a sporting event are in cloud and all of our customers are in the cloud, all the viewers are all meeting in one placeone bucket of video that is in one place with the most incredible computing power ever brought to bear, in theory and in practice, we can then make different versions of the content for every viewer, he said. We no longer have to have one version of the show. And the future implications of that are quite interesting.

New Services and Tech for NextGen TVDuring the New Services and Tech for NextGen TV, Anne Schelle, managing director for Pearl TV provided a progress report on where the transition to ATSC 3.0 currently stands.

We ended 2021 in a great place with over 40 markets launched, representing over 45% of U.S. households, this is during a two year pandemic, so I give the broadcasters a lot of credit for launching and being able to keep up, even when sometimes they couldn't get into TV stations, she said. The other piece of this is TV manufacturers; they put out over 70 models last year from Samsung, LG and Sony. Sony has incorporated NextGen TV technology in every single one of its modelsthe lowest priced television out there during the holiday season was around $544. The CTA announced that over three and a half million TV sets were sold already. And that's just starting out with those three manufacturers.

Fred Engel, CTO for PBS North Carolina, discussed the networks work on facilitating ATSC 3.0 technology with first responders. The network received a grant from the NAB PILOT Innovation Challenge in 2017 to develop the system, partnering with Capitol Broadcasting Company in Raleigh.

In 2018 we did the first testing where we routed 911 dispatch information over an ATSC 3.0 transmitter and captured it on a computer, he said. In 2019 we launched our ATSC 3.0 lab that includes all the encoding, all the processing gear that you need to have for that. We have a Ch. 20 TV exciter operational, so we can look at all the receiving devices and do a lot of testing on public safety and other efforts that we're working on.

On the audio side, John Schur, president of the Solutions Group for Telos Alliance, discussed the important role of immersive and personalized audio in the ATSC 3.0 environment.

For many years we've helped broadcasters develop their workflows around ATSC 1.0, he said. ATSC 3.0 has so many new and exciting features when it comes to audio, and it's really designed to enhance the listeners experience for both the video and audio. One of those is immersive audiomore channels, more speakers. But to me the exciting thing is that with the new codecs like Dolby AC, they can create a presentation that's rendered for the listeners environment. Theres also dialogue enhancement which is another feature that's built into the codec so the broadcaster doesn't have to do anything special to take advantage of it.

Streamlined Content Delivery to Multiple PlatformsDuring the Streamlined Content Delivery to Multiple Platforms, panelists discussed how media companies are managing the myriad services that come with the explosion in OTT.

Its no surprise to anyone in the two years of COVID that it's really been a game changer in all the aspects of the video chain, said Stphane Cloirec, Vice President, Video Appliance Product Management for Harmonic. We have seen on the user side, the explosion of streaming adoption, but also for all the professional video professional companies that have been forced to work from home. And one main consequence we have seen out of those changes is that cloud adoption as a result has been accelerating at a pace that was never seen before. It has really been a key driver.

Geoff Stedman, CMO for SDVI, discussed the challenge of creating efficiency in a media supply chain.

What I think of efficiency, its this idea of being able to get more done with the same or even fewer resources, he said. We hear a lot about the pressure that companies are under to support the changes that are happening with their business and not necessarily getting more resources in order to deal with that. So this drive to make my operations more efficient is absolutely a big challenge that we hear customers facing. On the other hand, another big challenge is what I call responsiveness or being able to adapt quickly to changes in the business needs.

David Klee, VP Strategic Media Solutions for A&E Networks, noted that unlike its counterparts, it has not launched a plus version of its library.

A&Es focused on delivering content to many of those [plus] platforms to enable them to supplement their libraries, provide additional content and value to their subscribers as they're launching these new platforms, he said. So we have to be very good at multiplatform delivery. With the acronym soup that is today's AVOD, SVOD, FAST, MVPD world, we make sure that we're able to get each of those partners, the media metadata that they need in a timely basis to support not only the ongoing crunch of daily content flows, but also new launches and new deals and new opportunities in the marketplace.

Speed to Air, ENG and the New NewsroomIn the final panel of the day, Speed to Air, ENG and the New Newsroom, panelists showcased the rapid changes taking place in news acquisition and delivery. In addition to the cloud, panelists discussed the changing role of satellites in ENG operations.

I have been talking more about satellites this last week than I have done in the last 10 years, said Jon Landman, VP of sales for Teradek. These new satellites are basically a million dollars to launchnot $100 millionand eventually it will come down to a news organization owning their own satellite network.

Landman added that these low earth satellites will reinvigorate satellites place in the broadcast news landscape.

I think that we have to look at that as the future for connectivity because they're really bringing them down to a cost that organizations will love, he said.

Jeffrey Liebman, Director, Network News Operations for Telemundo-NBC noted that there are still certain challenges that go with incorporating satellites for news coverage.

With K-band we found that it works great if you're in, let's say, Texas or the center of the United States, but it really doesn't work well on the periphery in Mexico, he said. And that becomes my concernif we do launch these low earth orbiting satellites, one of the things that we're always going to be dealing with or grappling with is, are they in the right position in the right place?

Jim Ocon, president of Ocon Solutions & Chairman, OConsortium, summed up the panel discussion with some thoughts about how the technology is secondary to its overall application.

If you look at the products that are out there, and how robotics are now incorporating artificial intelligence and smart resourcing and sim connections, ENG is about technology, but technology is always changing. And so we always have to be looking at where that sun rises and what's going to help our folks in the field. The last year and a half with COVID has just amplified things, but for me the technology isn't the sticking point. It's the application.

Sponsors of the summit include:

The TV Tech Summit is available on demand at tvtechsummit/march.

See the original post here:

It's a Wrap: Highlights from the 2022 Spring TV Tech Summit | TV Tech - TV Technology

Alibaba leads $60 million funding round in AR-glasses startup, with its sights set on the metaverse – Morning Brew

Stay up to date on the retail industry

All the news and insights retail pros need to know, all in one newsletter. Join over 180,000 retail professionals by subscribing today.

Things are getting real for augmented-reality glasses startup Nreal. It nabbed $60 million in a Series C extension funding round led by e-comm giant Alibaba.

To the metaverse: Alibaba, meanwhile, has its sights on the metaversea market that could be worth ~$8 trillion in China alone, according to Morgan Stanley. Its an opportunity to captivate new audiences, especially in a country where livestreaming and social commerce already dominate.

Metaverse is the future of social network. All Chinas tech giants have to embrace it to find new ways to engage the youngest generation of internet users, Winston Ma, managing partner and co-founder at Cloudtree Ventures, told CNBC.

And beyond: Nreal hopes to use the cash influx to expand its presence within China, but the startup isnt completely unknown outside of the country. It debuted its Light AR glasses in South Korea in 2020, and ventured into Spain and the US in 2021.JS

Read more:

Alibaba leads $60 million funding round in AR-glasses startup, with its sights set on the metaverse - Morning Brew

New Ofcom chair will ‘leave opinions at door’ and wants to tame tech giants – Press Gazette

Update 1 April: Culture Secretary Nadine Dorrieshas confirmed Michael Grade will be the next Ofcom chair following his appearance in front of MPs on Thursday.

His tenure will run between 1 May 2022 and 30 April 2026 and he will earn 142,500 for the three-day-a-week role.

MPs on the DCMS Committee said they were impressed by Michael Grades appearance in front of them, saying he clearly has the character and gravitas for the role.

They said he brought a lot of experience from the media and broadcast world and approved of his promise to keep his opinions at the door at stay out of conversations around the BBC licence fee and Channel 4 privatisation.

But they said he would need support around online issues after he admitted he does not use social media. They acknowledged that it would be difficult to find a candidate with experience and knowledge of Ofcoms entire remit.

Committee chair Julian Knight said: He will bring a wealth of experience and knowledge of the broadcasting sector to the job, but when talking about social media he seemed to be on more shaky ground.

While he recognises the importance of Ofcoms soon-to-be enhanced role in tackling harmful content online, he may need support and advice to make sure hes up to speed on how the regulator best keeps people safe in the ever-changing online world.

Original story 31 March: The newly announced Ofcom chair has vowed to leave his opinions at the door after sharing strong views on woke warriors, Channel 4 privatisation and the BBC licence fee.

Michael Grade, a Conservative peer and the Governments newly announced preferred candidate to lead the broadcast regulator, also told MPs on the DCMS Committee that he does not use social media, despite being in line to lead the organisation tasked with regulating the tech platforms.

A nearly 50-year veteran of the media industry, 79-year-old Grade has previously accused Ofcom staff of being woke warriors, expressed support for controversial anti-lockdown campaigner Laurence Fox, suggested that Channel 4 should be privatised and that the BBC licence fee was regressive.

Asked by committee members whether those opinions would influence his tenure as Ofcom chair, Grade said: Ofcoms enviable reputation as a regulator is based on their processes, their adjudications are based on evidence and research, and therefore you leave your opinions at the door when you arrive at Ofcom.

He added: I have strong opinions sometimes One single persons opinion in Ofcom, whether its my opinion or other members of the board, will contribute to the debate, but one voice is not powerful in Ofcom nor should it ever be, certainly not the chairmans voice.

Grade also repeatedly said that his opinions are irrelevant

Grade, a former chief executive of Channel 4, has backed the proposed privatisation of the broadcaster. He said on Thursday: As far as Channel 4 is concerned, that is my opinion. I fought privatisation twice as chief executive of Channel 4 once with Mrs Thatcher and once with John Major.

I would say that the world has changed. There were only four channels in those days and BSB and Sky were broke, so it was a very different world.

He added: I thought it was important to point out the importance of scale in the current media environment. Its very difficult to survive if youre very small and youre not allowed to own content.

Asked whether he used any social media himself, Grade said that he did not use Facebook, Instagram, Tiktok or Twitter, but does use Whatsapp to communicate with family members.

He said: I wouldnt say I have no experience. I have three kids. I have a 23-year-old student son who is never off his screen I do understand the dynamics.

Grade said Ofcom had to improve its diversity, particularly on the executive board.

He said: Its clear to me that theres a problem at the main board level, a distinct lack of diversity. And whilst appointments are not in the gift of Ofcom I will be pushing very hard that there is a seriously diverse list of candidates from which to choose.

The Governments previous preferred candidate for Ofcom chair was reportedly former Daily Mail editor Paul Dacre but he withdrew from consideration last year, blaming the toxic hatred of Brexit that is so palpable among the people who really run this country for his decision.

Grade revealed that he made the decision to apply for the role after the process was reopened due to his interest in the Online Safety Bill and ensuring Ofcom is ready to provide effective regulation of the tech giants. He said he had not been asked to apply by the Government.

It hadnt occurred to me to apply until I started to think hard about the Online Safety Bill which seemed to me to be a seriously important piece of business and I thought why not? Ill have a go, Grade said.

On taking on tech giants, he added: I think the laws of nature suggest they will resist regulation. Theyre used to having their own way, it is a wild west in a sense The time has come for effective regulation. And I think Britain is at the forefront of this.

During his career, Grade has been chief executive of Channel 4, chairman of the BBC and executive chairman of ITV.

Picture: Parliamentlive.tv

Press Gazette's must-read weekly newsletter featuring interviews, data, insight and investigations.

View original post here:

New Ofcom chair will 'leave opinions at door' and wants to tame tech giants - Press Gazette

Companies relocating to Sun Belt area on massive scale – Fox Business

The Sun Belt is becoming a hot spot for business relocation, fueling a housing boom in Texas.

HOUSTON From Arizona to Texas to North Carolina, the Sun Belt is becoming a hot spot for business relocation. Companies across America are cutting costs by moving south. And, thats fueling a housing boom in Texas.

Jeff Holzmann is the CEO of IRM Services, an asset management company. He says the move from The New York-New Jersey area to Dallas has saved the company millions in under two years.

"I would say that on a per-foot basis, per employee we pay about 60% down here in Dallas where I am today compared to what we would pay in New Jersey, and its even less if we were comparing to our New York City/Manhattan offices," Holzmann said.

Businesses are relocating to The Sun Belt. One CEO says relocating from the New York/New Jersey area to Dallas has saved his company millions. (RREAF Holdings / Fox News)

He added that the Sun Belt region is different than it was 30-40 years ago. "Its a fantastic place to be. The prices are affordable, the talent is around and is seeking an opportunity.".

The Texas population increased by over 300,000 people last year, and part of that increase is due to all the businesses relocating to the Lone Star state.

RATE AT WHICH PEOPLE STOPPED MOVING TO CALIFORNIA SURPRISES RESEARCHERS

He said the COVID-19 pandemic also played a factor in this business relocation. "The comeback to work was so much quicker down in Dallas and down South," Holzmann said.

Employees like Barbara Kogler, who also relocated from the north, said the move was a win.

"Its a little bit cheaper here, and Im making better money," Kogler said.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Tesla, Apple and Hewlett Packard Enterprise are a few of the tech giants also making their way South.

Kip Sowden is the CEO of RREAF Holdings Real Estate Development. He says he's trying to keep up with this business migration. It's helping make Texas one of the fastest-growing states in the country, according to the U.S. Census Bureau. And the growth is driving a boom in the Texas housing market.

Tesla, Apple and Hewlett Packard Enterprise are a few of the tech giants also making their way south.

CLICK HERE TO READ MORE ON FOX BUSINESS

"Were seeing great migration, and as a result of that, we see demand far exceeding supply. But, because of the demand and the growth that were seeing, in Texas and the Southeast in general, itll more than offset those inflationary pressures," Sowden says.

Samsung is another major company moving part of its operation to Texas. This move alone will open around 2,000 jobs in the Austin area, another major hotspot for real estate developers trying to keep up with the growing housing demand in Texas.

Originally posted here:

Companies relocating to Sun Belt area on massive scale - Fox Business

China’s tech giants pour billions into Xi’s vision of ‘common prosperity’ – CNBC

The front of Alibaba's Wangjing office in Beijing on Dec. 24, 2020.

Costfoto | Barcroft Media | Getty Images

GUANGZHOU, China Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into "common prosperity" initiatives, joining a chorus of technology giants pouring money into President Xi Jinping's goal to spread wealth.

The Chinese e-commerce giant will put the money into 10 initiatives including technology innovation, economic development, high quality job creation and supporting vulnerable groups.

Last month, Xi called for the "reasonable adjustment of excessive incomes" and encouraged high income groups and businesses to "return more to society."

Alibaba is not the only internet giant pledging support for Xi's call to "common prosperity."

Last month, Tencent said it would double the money it is putting toward social initiatives to 100 billion yuan. The money will go toward areas including rural revitalization and helping grow earnings for low-income groups.

Tencent said at the time that its actions were a proactive response to the "national strategy." The gaming and social media company said it's clear "we should promote common prosperity in stages," and allow some people to get rich first then help others get wealthy.

China's high-profile technology CEOs and founders have also pledged individual sums of money.

Pinduoduo founder Colin Huang, Meituan's Wang Xing, and Xiaomi's Lei Jun, have collectively donated billions of dollars to social causes.

Read the original here:

China's tech giants pour billions into Xi's vision of 'common prosperity' - CNBC