Amazon cloud boss says employees unhappy with 5-day office mandate can leave

Posted on October 18, 2024 by Techme101

Amazon’s cloud boss on Thursday told employees who are unhappy with the company’s new five-day in-office mandate they can leave for other companies.

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Intel says it has no plans to divest majority stake in Mobileye 

Posted on October 18, 2024 by Techme101

Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after media reports that Intel was looking to sell a portion of its stake in the company. 
The post Intel says it has no plans to divest majority stake in Mobileye  appeared first on Reuters News Agency.

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Meta fires staff for buying toothpaste, not lunch

Posted on October 18, 2024 by Techme101

Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.

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Netflix hikes prices in some countries as growth fades

Posted on October 18, 2024 by Techme101

Netflix announces some price hikes, as growth from password sharing crackdown starts to fade.

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Automattic offered employees another chance to quit — this time with nine months’ severance

Posted on October 18, 2024 by Techme101

Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit immediately. Employees had four hours to decide whether they wanted to take the deal. In […]
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General Catalyst reportedly to back Saudi Arabian startup

Posted on October 17, 2024 by Techme101

Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in a Saudi Arabia-based fintech startup, Lean Technology, the firm’s first investment in the Middle Eastern nation, the Information reported. Other Saudi Arabian startups that US-based investors recently backed include […]
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Sam Altman’s Eye-Scanning Orb Has a New Look—and Will Come Right to Your Door

Posted on October 17, 2024 by Techme101

The ambitious identity-verification project Worldcoin, now called World, wants a future where humans are “orb-verified.”

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Microsoft: Ransomware Attacks Growing More Dangerous, Complex

Posted on October 17, 2024 by Techme101

Attackers launched 600 million cybercriminal and nation-state threats on Microsoft customers daily, including ransomware attacks, in the last year, according to the tech giant.

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Stripe in talks to acquire Bridge for $1 billion

Posted on October 17, 2024 by Techme101

Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized.  Bridge, cofounded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors […]
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Elon Musk’s X is changing its privacy policy to allow third parties to train AI on your posts

Posted on October 17, 2024 by Techme101

On Wednesday, social network X (formerly Twitter) updated its Privacy Policy to indicate that it would allow third-party “collaborators” to train their AI models on X data, unless users opt out. While X owner Elon Musk trained xAI’s Grok AI chatbot on X user data, leading to an investigation by the EU’s lead privacy regulator, […]
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