By Clare Duffy, CNN Business Despite being one of the biggest online advertising giants, Google’s ad business is still growing at a rapid clip. Google’s ad sales grew nearly 33% year-over-year to $61.2 billion during the three months ending in December, and contributed to an overall better-than-expected quarter for its parent company, Alphabet. The company
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By Clare Duffy, CNN Business In June 2019, after years of being under scrutiny for the impact its platforms have on society, Facebook unveiled one of its most ambitious projects yet: a cryptocurrency called Libra, which would be backed by an international consortium of companies. The effort had such lofty goals as providing financial services
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By Brian Fung, CNN Business Sony is acquiring Bungie, the video game studio that created hit franchises such as “Halo” and “Destiny,” in a $3.6 billion deal that further centralizes the rapidly consolidating game industry. In a blog post, Sony (SONY) said the acquisition would help take its PlayStation platform “beyond the console” and flesh
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By Jennifer Korn, CNN Business The world’s first all-electric passenger aircraft is preparing to take flight. The Alice, a plane developed by Israeli company Eviation, went through engine testing last week at Arlington Municipal Airport north of Seattle. According to Eviation CEO Omer Bar-Yohay, the Alice is just weeks away from its first flight. With
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By Jessie Yeung and CNN’s Beijing Bureau, CNN Business A Chinese subway system’s attempt to spread some Lunar New Year cheer backfired over the weekend, as panicked passengers mistook seasonal red QR codes for positive Covid tests. Chinese social media users reported Sunday that the Shanghai metro’s QR code — which passengers scan when they
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By Brian Fung, CNN Business A few days after Christmas, Aaron Worley and his wife began feeling ill. Fearing they may have contracted Covid-19 over the holidays, Worley, a 32-year-old quality assurance tester from Las Vegas, joined millions of other Americans in a desperate search — “rush mode,” he called it — for rapid test
Continue Reading By Brian Fung, CNN Business A few days after Christmas, Aaron Worley and his wife began feeling ill. Fearing they may have contracted Covid-19 over the holidays, Worley, a 32-year-old quality assurance tester from Las Vegas, joined millions of other Americans in a desperate search — “rush mode,” he called it — for rapid test
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by Reuters Facebook’s parent company Meta Platforms Inc has paused new users from joining its social media tracking tool CrowdTangle due to staffing constraints. Meta, which disbanded the CrowdTangle team last year, has been under pressure to provide greater transparency into its platforms. CrowdTangle founder and CEO Brandon Silverman left Facebook last year. The tool
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By Samantha Murphy Kelly, CNN Business Just a day after Spotify agreed to remove Neil Young’s music from its service, Apple Music trolled its streaming rival by giving the musician some rock star treatment. In a tweet sent late Thursday, and later pinned to the top of the official Apple Music Twitter account, Apple called
Continue Reading By Samantha Murphy Kelly, CNN Business Just a day after Spotify agreed to remove Neil Young’s music from its service, Apple Music trolled its streaming rival by giving the musician some rock star treatment. In a tweet sent late Thursday, and later pinned to the top of the official Apple Music Twitter account, Apple called
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By Matt McFarland, CNN Business Tesla CEO Elon Musk said Wednesday that he believes the company’s goal of a humanoid robot is the most important thing it’s working on. The electric vehicle manufacturer first announced its robot plans at its AI Day last year. Instead of showing off any sort of prototype, a person in
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By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was supposed to go. Despite having years to prepare, the United States last week had to scramble to keep the launch of new, next-generation wireless technologies from disrupting air transportation
Continue Reading By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was supposed to go. Despite having years to prepare, the United States last week had to scramble to keep the launch of new, next-generation wireless technologies from disrupting air transportation
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By Charles Riley, CNN Business UK companies and organizations have been urged to bolster their defenses against potential Russian cyberattacks as Moscow masses military forces on the Ukrainian border. Britain’s National Cyber Security Centre has directed organizations to take action “in response to the malicious cyber incidents in and around Ukraine,” saying recent attacks are
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By Diksha Madhok, CNN Business Google is investing up to $1 billion in a major Indian telecom company, a move it hopes will drive down the cost of smartphones in a huge and rapidly expanding market. Google said in a statement Friday that it would invest $700 million in Bharti Airtel, India’s second-largest telecom operator,
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By Brian Fung and Laura He, CNN Business The Federal Communications Commission on Thursday voted to ban China Unicom, a state-owned Chinese telecommunications carrier, from offering telecom services in the United States. The decision marks the regulators’ latest move to lock down US networks against the risk of Chinese espionage, a threat that national security
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By Rachel Metz, CNN Business The next time you try to log in to the Internal Revenue Service’s website you’ll be urged to use facial-recognition software to verify you are who you say you are. The verification process includes taking a picture of a photo ID, like a driver’s license or passport, and then taking
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By Samantha Murphy Kelly, CNN Business Apple posted record revenue during the all-important holiday quarter even as it continued to grapple with supply chain shortages. The company on Thursday reported $123.9 billion in revenue for the final months of the year, an 11% increase from the year prior, fueled by demand for its latest lineup
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By Sara Ashley O’Brien, CNN Business Microsoft’s nearly $70 billion deal to buy Activision Blizzard could make it a leader in gaming. But it also risks creating a new headache for the tech giant in a key part of its operations: corporate culture. For months, Activision Blizzard has been under pressure to overhaul its workplace
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By Rachel Metz, CNN Business Jeremy Bailenson has studied virtual reality for decades. But it wasn’t until last year that the Stanford professor felt the technology was good enough that he could actually teach a class in VR. Over the summer and again in the fall, Bailenson, the founding director of Stanford’s Virtual Human Interaction
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