By Rishi Iyengar, CNN Business Last year, Google and Facebook collectively bet more than $10 billion on Asia’s richest man and his plan to bring hundreds of millions of Indians online. The investments quickly established Mukesh Ambani, the billionaire head of sprawling Indian conglomerate Reliance, as a gatekeeper for Silicon Valley in the country —
Continue ReadingBy Clare Duffy and Alan Goodman, CNN Business John McAfee, the controversial antivirus software magnate who’d had multiple recent run-ins with the US law, has died at 75. McAfee was awaiting extradition in a Spanish prison after being charged with tax evasion in the United States last year. McAfee was found dead in his cell
Continue ReadingBy Brian Fung and Clare Duffy, CNN Business Over the last two decades, a handful of large tech companies have pushed into nearly every corner of our lives — from communications and retail to financial services, healthcare and automobiles. The companies’ biggest critics accuse them of scooping up rivals, launching copycat products and, in some
Continue ReadingBy Clare Duffy, CNN Business Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion. The tech giant is only the second publicly traded American company, behind Apple, to reach such a valuation. Oil company Saudi Aramco, which went public in 2019, has also previously passed that mark,
Continue ReadingBy Mark Thompson, CNN Business The European Union has launched an antitrust investigation into Google’s vast advertising business, claiming that the company may have disadvantaged rival services, making it harder for brands to reach consumers and for publishers to fund their content. The formal investigation, which follows a preliminary probe that began in 2019, will
Continue ReadingChina’s solar industry monopoly took a hit earlier this month when a new Ohio-based solar panel factory was announced. First Solar, the only US-headquartered major manufacturer of solar panels, is investing $680 million investment into the factory, and its technology is not dependent on the Chinese at all, according to CEO Mark Widmar. First Move’s
Continue ReadingFirst Solar is building a factory in Ohio, creating the biggest plant for making solar panels outside of China. CEO Mark Widmar talks to CNN’s Julia Chatterley about their semiconductor technology.
Continue ReadingFor much of the past 16 months, Amazon’s warehouse workers have faced grueling pressure to keep up with the demand from households for online goods during the pandemic. Now, workers must endure the stress of meeting a spike in orders from Amazon’s summer shopping holiday, which kicks off Monday. Several full-time Amazon warehouse employees told
Continue ReadingTyler Hamilton has worked at the Amazon warehouse in Shakopee, Minnesota for four years. He shares the good and the bad about the fast-paced job.
Continue ReadingDozens of women sued Pornhub and its parent company Thursday, alleging that the site knowingly profited from videos depicting rape, child sexual exploitation, trafficking and other nonconsensual sexual content. The civil complaint alleges that Pornhub parent company MindGeek, one of the largest online pornography companies, is a “classic criminal enterprise” with a business structure created
Continue ReadingWhen people like the German Chancellor Angela Merkel or the King of Belgium want to learn more about cybersecurity, they go to Estonia. The Baltic country runs on the internet. From filing taxes and voting, to registering the birth of a new baby, nearly everything a person might want or need from the government can
Continue ReadingWhen people like the German Chancellor Angela Merkel or the King of Belgium want to learn more about cybersecurity, they go to Estonia. The Baltic country runs on the internet. From filing taxes and voting, to registering the birth of a new baby, nearly everything a person might want or need from the government can
Continue ReadingFor the second time in 10 days, a giant chunk of the internet briefly broke because of an outage at a company most people have probably never heard of. The websites for Southwest Airlines, United Airlines, Commonwealth Bank of Australia, the Hong Kong Stock Exchange and others all went dark on Thursday after an issue
Continue ReadingAirlines, banks, stock exchanges and trading platforms suffered brief website outages, sparking the second major interruption in the past 10 days. CNN’s Anna Stewart reports.
Continue ReadingAirlines, banks, stock exchanges and trading platforms suffered brief website outages early Thursday after a key piece of internet infrastructure failed, sparking the second major interruption of the past 10 days. Virgin Australia said in a statement on Thursday that it had resolved an IT outage caused by a failure at Akamai Technologies, a global
Continue ReadingFor the second time in 10 days, a giant chunk of the internet briefly broke because of an outage at a company most people have probably never heard of. The websites for Southwest Airlines, United Airlines, Commonwealth Bank of Australia, the Hong Kong Stock Exchange and others all went dark on Thursday after an issue
Continue ReadingSpaceX received a warning from a district attorney in Texas this week, warning that the company could be violating several state laws by shutting down public beaches for extended periods of time and using unlicensed security guards to ward people off public roads. The discrepancy centers on SpaceX’s activities in South Texas, where the company
Continue ReadingSeveral airlines, including Southwest, United, and Virgin Australia, acknowledged ongoing website system issues late Wednesday. In a statement to CNN Business, Southwest said its teams worked quickly to restore the systems following the outage. The pause in connectivity did not impact the airline’s flight operations, the statement read, and it was working to determine the
Continue ReadingSatya Nadella is now even more powerful at Microsoft. The tech giant’s CEO was named chairman of the board Wednesday, elevating his current role atop one of the world’s most valuable companies. Nadella, who has served as chief executive since 2014, has helped transform the PC maker into a leader in cloud computing in recent
Continue ReadingAn activist investor is urging Microsoft to do more to combat sexual harassment following misconduct allegations against its founder Bill Gates. In a shareholder resolution published Wednesday, impact investment firm Arjuna Capital called on Microsoft to release an annual transparency report detailing its sexual harassment policies and investigations into alleged incidents across the company. “Microsoft
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