Blog - Page 259 of 280 - Bean watcher

Aug

2024

U.S. considers structural changes at Google after antitrust violations

WASHINGTON AND SAN FRANCISCO — Following a final court ruling that Google violated antitrust laws by monopolizing the online search market, the U.S. Department of Justice, along with state prosecutors, is actively considering remedies. Possible strategies could include segmenting core Google components, such as the Chrome web browser and Android operating system, according to several sources familiar with the matter, who asked not to be identified because of the sensitivity of the ongoing discussions. Further measures under consideration force Google to provide competitive access to its valuable data and dismantle agreements that establish Google as the default search engine on…

Aug

2024

By Lily Chang

Cisco Systems announces major workforce reduction and plans to cut 6,000 jobs

Science and Technology

Cisco Systems, a leading developer of computer networking solutions based in San Jose, California, said it will reduce its workforce by 7 percent, marking its second significant reduction this year. The decision means about 6,000 job losses from its 84,900-person workforce as of July 2023. Earlier this year, Cisco had already cut its workforce by 4,000. Despite the job cuts, Cisco reported net income of $2.16 billion for the latest quarter, a 45 percent decline from the previous year, with revenue falling 10 percent to $13.64 billion. However, those numbers still beat expectations set by Wall Street, sending Cisco's stock…

Aug

2024

By Lily Chang

Adam Smith appointed Chief Product and Technology Officer for Disney Entertainment and ESPN

Culture and Entertainment

Disney has announced the appointment of Adam Smith as the new Chief Product & Technology Officer for Disney Entertainment and ESPN. The announcement was made by Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden, along with ESPN Chairman Jimmy Pitaro. In his new role, Smith will lead a comprehensive global product and technology division, encompassing both Disney’s entertainment businesses and its sports media operations. He will lead the technology vision and execution, focusing on advancing the company’s streaming services, digital consumer interfaces, in-house advertising technology and cutting-edge technology innovations. Smith’s team will include a diverse group of professionals ranging from…

Aug

2024

By Lily Chang

Silicon Valley stirs as California proposes tough artificial intelligence legislation

Science and Technology

SAN FRANCISCO AND WASHINGTON — In what could be a groundbreaking step for AI regulation, a California bill is making waves in the Silicon Valley tech landscape. Spearheaded by state Sen. Scott Wiener, the legislation seeks to address the growing risks associated with advanced AI technologies. The bill is currently working its way through the legislative process in Sacramento and is expected to be considered by the California State Assembly Appropriations Committee later this week. If it passes, it will go to the full House for a vote. Gov. Gavin Newsom, if he signs the bill, would approve a framework…