By Clare Duffy, CNN In the wake of the 2016 presidential election, as online platforms began facing greater scrutiny for their impacts on users, elections and society, many tech firms started investing in safeguards. Big Tech companies brought on employees focused on election safety, misinformation and online extremism. Some also formed ethical AI teams and
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By Catherine Thorbecke, CNN As the tech sector races to develop and deploy a crop of powerful new AI chatbots, their widespread adoption has ignited a new set of data privacy concerns among some companies, regulators and industry watchers. Some companies, including JPMorgan Chase, have clamped down on employees’ use of ChatGPT, the viral AI
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By Alicia Wallace, CNN The US labor market has kept trucking right along even as other areas of the economy have slowed. But that once high-octane ride is showing some signs of wear and tear amid the Federal Reserve’s yearlong efforts to cool inflation by suppressing demand. Job cuts are mounting, hiring activity is losing
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By Nicole Goodkind, CNN After months of a remarkably strong US labor market and economy, everything seems to be slowing down. The latest high-frequency data shows that the consumer could be running out of steam, hiring activity is moderating, business activity is softening, interest-rate sensitive sectors are pulling back and housing is suffering. The question
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By Michelle Toh, CNN Apple is finally getting ready to open its first physical store in the country as it bets on India as a market and manufacturing base. The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial
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By Jessie Yeung, CNN Across the United States, more than 150 million people are being faced with the possibility of a new reality: life without TikTok. The wildly popular short-form video app has been at the center of an ongoing battle, with lawmakers calling for an outright ban, and the company portraying itself as a
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By Raja Razek and Elizabeth Wolfe, CNN The Arkansas House of Representatives passed a bill on Wednesday that would require social media companies to verify their users’ ages and confirm that minors have permission from a parent or guardian before opening an account. The bill, dubbed the Social Media Safety Act, was passed by an
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By Catherine Thorbecke, CNN Bob Lee, the former chief technology officer of Square who helped launch Cash App, has died after an apparent stabbing attack in San Francisco. Lee’s death was confirmed by Josh Goldbard, the CEO of his current employer, MobileCoin. Lee joined MobileCoin, a cryptocurrency and digital payments startup, in 2021 as its
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By Marshall Cohen, CNN Dominion Voting Systems can force Fox Corporation executives Rupert and Lachlan Murdoch to testify on the witness stand at this month’s scheduled defamation trial, a Delaware judge said Wednesday. Delaware Superior Court Judge Eric Davis said at a hearing that if Dominion subpoenas the Murdochs to testify in-person, he would not
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By Brian Fung, CNN NPR sharply criticized Twitter on Wednesday after the social media platform, in an apparent violation of its own policies, labeled the radio broadcaster as a “state-affiliated media” organization akin to foreign propaganda outlets such as Russia’s RT and Sputnik. In a statement, NPR CEO John Lansing called the decision to lump
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By Jordan Valinsky, CNN Chipotle Mexican Grill is suing rival Sweetgreen for trademark infringement over the latter’s recently released salad bowl. In a lawsuit filed Tuesday, Chipotle said that Sweetgreen’s “Chipotle Chicken Burrito Bowl” is being marketed in a “very similar and directly competitive” manner that is similar to Chipotle’s chicken burrito bowl. Sweetgreen released
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By Danielle Wiener-Bronner, CNN A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet. Market forces that have been building for a long time, including devastating droughts, will likely keep hamburger and steak prices steady — and relatively expensive. In part, that’s because
Continue Reading By Danielle Wiener-Bronner, CNN A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet. Market forces that have been building for a long time, including devastating droughts, will likely keep hamburger and steak prices steady — and relatively expensive. In part, that’s because
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By Chris Isidore, CNN Cash-starved Bed, Bath & Beyond, which is scrambling to avoid bankruptcy, announced a $120 million lifeline to help it stock near-empty shelves. One reason that the chain’s sales have fallen and losses have mounted is that the company doesn’t have the funds needed to buy inventory in order to stock shelves.
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By Brian Fung, CNN Members of a House panel focused on US-China competition are set to meet with leaders from Silicon Valley and Hollywood during a multi-day tour of California beginning today, according to a source close to the committee. The House Select Committee on the Chinese Communist Party plan to meet with top execs
Continue Reading By Brian Fung, CNN Members of a House panel focused on US-China competition are set to meet with leaders from Silicon Valley and Hollywood during a multi-day tour of California beginning today, according to a source close to the committee. The House Select Committee on the Chinese Communist Party plan to meet with top execs
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By Brian Fung, CNN After Twitter announced in February it would begin charging third parties to access its platform data, academic researchers warned that the vaguely worded plan could threaten important studies about how misinformation, harassment and other malicious activity spreads online. Now, as Twitter has released more pricing information, many of those same academics
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By Krystal Hur, CNN Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame inflation. But the effects of that action likely won’t reverberate evenly across the economy. The Fed has seen some success: Inflation has cooled for eighth consecutive months, according to the
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By Peter Valdes-Dapena, CNN Stellantis chief executive Carlos Tavares has said in the past that the company’s electric Ram pickup truck, while being later to the market than trucks from major competitors, would surpass them in range and capability. On Wednesday, the company put some specific numbers behind the CEO’s claims. While final figures have
Continue Reading By Catherine Thorbecke, CNN Bob Lee, the former chief technology officer of Square who helped launch Cash App, has died after an apparent stabbing attack in San Francisco. Lee’s death was confirmed by Josh Goldbard, the CEO of his current employer, MobileCoin. Lee joined MobileCoin, a cryptocurrency and digital payments startup, in 2021 as its
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