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AI will not replace people -but people who use AI will replace people who do not | IBM's Report
Aug 22,2023
According to IBM's report, executives estimate that around 40% of their workforce will need to reskill due to implementing AI and automation over the next three years. This indicates a significant transformation in the workforce due to the impact of ...
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Musk expresses concerns over the potential failure of X after the glitch
Aug 21,2023
Elon Musk, the owner of the social media platform formerly known as Twitter, expressed concerns about its potential failure after a glitch caused the deletion of pictures posted before December 2014. In a post on the site, Musk lamented the absence o...
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FTC resubmits Facebook antitrust lawsuit
Aug 20,2023
The Federal Trade Commission (FTC) filed one more time a lawsuit against Facebook with the same overall arguments as the original which was rejected by a federal judge. The FTC alleges that Facebook's acquisitions of Instagram and WhatsApp created a ...
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Three-Quarters of businesses worldwide are considering banning Generative AI Applications
Aug 19,2023
A recent study by BlackBerry has revealed that three-quarters of businesses worldwide are either implementing or considering plans to ban generative AI applications in their workplaces. The study, which surveyed 2,000 IT decision-makers across differ...
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US States will start investigation on the impact of tech giants on competition
Aug 19,2023
A bipartisan group of attorneys from 20 states in the United States are preparing to begin an antitrust investigation of the tech giants. They are expected to formally launch a probe to assess whether tech companies are using their dominant market po...
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Uber and Lyft consider changing business model to avoid California labour laws
Aug 18,2023
Uber and Lyft are discussing switching to a franchise-like business model in California. Both companies have suffered increasing pressure from legislators and courts to reclassify their drivers as employees. The new business plan could add further di...
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X (Twitter) will no longer allow advertisers to promote accounts on the timeline
Aug 16,2023
X, previously known as Twitter, has announced the discontinuation of promoted accounts, or 'Follower Objective' ads, within its platform's timeline for attracting new followers. This decision, outlined in an email to advertising clients, is part of X...
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OpenAI's fight: Rivals, funding, bankruptcy looms
Aug 15,2023
OpenAI, the renowned AI company, is facing significant challenges as users migrate away from its GPT products. The ChatGPT website saw a decline in users, which was initially attributed to students being out of school, but it was also noted that user...
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UK Deputy PM predicts AI to have a greater impact than the Industrial Revolution
Aug 14,2023
According to Oliver Dowden, the UK Deputy Prime Minister, AI will have a "more significant impact on Britain than the industrial revolution", a period of major industrialization and economic growth that started in the late 18th century and transforme...
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Meta's Threads struggles as engagement drops
Aug 14,2023
Meta's social media platform Threads, intended to rival Twitter, initially gained attention with impressive user registrations but has since seen a sharp decline in daily engagement, dropping 79% from a peak of 2.3 million users to 576,000. Companies...
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Amazon launches online pharmacy in India
Aug 14,2023
According to a Reuters report, Amazon has launched an online pharmacy in the southern city of Bengaluru, India. The newly launched service, Amazon Pharmacy, offers deliveries of both over the counter and prescription drugs across the city. It will al...
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UK competition authority says Facebook takeover of Giphy might hurt competition
Aug 13,2023
Facebook announced in 2020 that it was buying the GIF search engine Giphy for$400 million. In a preliminary report, the UK Competition and Markets Authority (CMA) said the deal will negatively impact competition between social media platforms. The CM...
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