By Brian Fung, CNN Business Jack Dorsey, the cofounder and public face of Twitter, will step down from his role as CEO, effective immediately, the company announced Monday. Dorsey will remain a member of Twitter’s board until at least next year. Parag Agrawal, Twitter’s chief technology officer, will take over as CEO. “I’ve decided to
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By Hannah Ryan, CNN When people think of artificial intelligence, the images that often come to mind are of the sinister robots that populate the worlds of “The Terminator,” “i, Robot,” “Westworld,” and “Blade Runner.” For many years, fiction has told us that AI is often used for evil rather than for good. But what
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By Samantha Murphy Kelly, CNN Business Meditation toys to help kids manage their feelings. A Lego kit for coding, with a focus on problem-solving skills. And an Amazon video chat portal that uses holograms, games and puzzles to keep little ones engaged on calls. A recent crop of toys and products that launched during the
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By Walé Azeez, CNN Business Amazon is facing strikes by warehouse workers and delivery drivers across Europe as its busiest weekend of the year begins. Labor unions in Germany, Italy and France are calling for the company to pay its workers fairly and respect their right to join unions. The strikes have been called to
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By Jill Disis and Kylie Atwood, CNN Business The Biden administration is piling more pressure on Chinese companies it claims could undermine US national security. The US Commerce Department on Wednesday added a dozen Chinese companies to a trade blacklist, saying that some of the firms have supported the modernization of China’s army. US officials
Continue Reading By Jill Disis and Kylie Atwood, CNN Business The Biden administration is piling more pressure on Chinese companies it claims could undermine US national security. The US Commerce Department on Wednesday added a dozen Chinese companies to a trade blacklist, saying that some of the firms have supported the modernization of China’s army. US officials
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By Sara Ashley O’Brien, CNN Business For 11 weeks, the only words from Elizabeth Holmes in her criminal trial came from old TV interviews, an audio recording of an investor call and text messages presented to the jury. But over the course of two days this week, and a brief appearance the week prior, Holmes
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By Clare Duffy, CNN Business Adam Mosseri, the head of Instagram, is set to testify in a Senate subcommittee hearing in early December about the platform’s potentially harmful impact on younger users following months of scrutiny on the issue. The testimony will mark Mosseri’s first appearance before Congress. It also makes him the most high-profile
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By Yoonjung Seo, CNN Business Samsung is planning to build a $17 billion semiconductor manufacturing facility in Texas as part of efforts to tackle a global shortage of chips. Announcing its largest ever investment in the United States, the South Korean electronics giant said Tuesday that the factory would create 2,000 high-tech jobs directly, and
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By Sean Lyngaas, CNN Business Apple on Tuesday sued NSO Group and its parent company, accusing the Israeli firm of violating a federal anti-hacking law by selling potent software that clients have used to spy on Apple customers. The lawsuit, filed in a federal court in California, alleges that NSO’s spyware, known as Pegasus, and
Continue Reading By Sean Lyngaas, CNN Business Apple on Tuesday sued NSO Group and its parent company, accusing the Israeli firm of violating a federal anti-hacking law by selling potent software that clients have used to spy on Apple customers. The lawsuit, filed in a federal court in California, alleges that NSO’s spyware, known as Pegasus, and
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By Michelle Toh, CNN Business Xiaomi stumbled in the third quarter as it grappled with fallout from the global chip shortage and fiercer competition. The Chinese company, which only recently became the world’s second-biggest smartphone maker, fell back to third place behind Apple in the three months ended September, according to Counterpoint Research and Canalys.
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By Matt McFarland, CNN Business The indoor cycling craze has come for America’s kids, and child development experts aren’t happy. Little Tikes, the children’s toymaker, watched sales of Peloton’s stationary bikes soar last year when the pandemic hit. It saw a chance to create something for children to enjoy alongside their parents, according to Little
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By Jackie Wattles, CNN Business Astra, a startup building small rockets that launch out of rural Alaska, notched its first successful test flight on Friday night, putting a dummy satellite into orbit. The flight sent the company’s stock price on a tear — soaring more than 30% at one point after trading hours opened Monday
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By Parija Kavilanz, CNN Business Trendy soaps brand Lush Cosmetics is quitting Facebook, Instagram, TikTok and Snapchat on Friday in a radical move to draw attention to how those platforms are damaging people’s mental health. The company said Monday that its accounts will be deactivated on Nov. 26, the day after Thanksgiving, when most other
Continue Reading By Walé Azeez, CNN Business Amazon is facing strikes by warehouse workers and delivery drivers across Europe as its busiest weekend of the year begins. Labor unions in Germany, Italy and France are calling for the company to pay its workers fairly and respect their right to join unions. The strikes have been called to
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By Clare Duffy, CNN Business When Jeff Bezos decided to give up his role as Amazon’s chief executive earlier this year, it prompted the company to name not one but two new CEOs. The first, Andy Jassy, replaced Bezos as CEO of Amazon’s sprawling business. The second, Adam Selipsky, was hired in March to fill
Continue Reading By Sara Ashley O’Brien, CNN Business For months, Elizabeth Holmes sat silently, masked, in a San Jose federal courtroom as the government mounted its case to jurors that she knowingly lied about the capabilities of her blood-testing company, Theranos, in order to get money. Now, Holmes wants jurors to hear her story in her own
Continue Reading By Sara Ashley O’Brien, CNN Business For months, Elizabeth Holmes sat silently, masked, in a San Jose federal courtroom as the government mounted its case to jurors that she knowingly lied about the capabilities of her blood-testing company, Theranos, in order to get money. Now, Holmes wants jurors to hear her story in her own
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By Jill Disis, CNN Business China is bringing the regulatory hammer down yet again on some of the country’s largest tech firms. Alibaba, Tencent, Baidu and other companies were all slapped with fines over the weekend for violating antitrust laws, the State Administration of Market Regulation (SAMR) said in a statement. SAMR listed 43 separate
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