Behind the doors of a Chinese hacking company, a sordid culture fueled by influence, alcohol and sex

BEIJING — The hotel was spacious. It was upscale. It had a karaoke bar. The perfect venue, the CEO of the Chinese hacking company thought, to hold a Lunar New Year banquet currying favor with government officials. There was just one drawback, his top deputy said. “Who goes there?” the deputy wrote. “The girls are … Read more

OpenAI says Elon Musk wanted ‘absolute control’ of the company

OpenAI has responded to Elon Musk’s lawsuit by saying that he at one point wanted “absolute control” of the company by merging it with Tesla. In a blog post published on Tuesday, OpenAI said it will move to dismiss “all of Elon’s claims” and offered its own counter-narrative to his account of the company abandoning … Read more

Over 600 Google Workers Urge the Company to Cut Ties With Israeli Tech Conference

More than 600 Google workers and counting have signed a letter addressed to Google marketing leadership demanding that it drop its sponsorship of Mind the Tech, an annual conference promoting the Israeli tech industry taking place in New York this week. “Please withdraw from Mind the Tech, issue an apology, and stand with Googlers and … Read more

Apple abandons its car: Here are other projects the company has killed

From AirPower to abandoned tablets, Apple’s road to success is littered with failures Apple has scrapped plans to enter the automotive industry with its mysterious autonomous electric car, instead shifting focus to the wildly popular world of generative AI. The project saw the company hiring prominent executives from places like Tesla and Ford. Its end … Read more

Company to cut 900 workers from PlayStation division

Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony Interactive Entertainment on Tuesday said it will lay off about 900 employees in its PlayStation unit, or 8% of its global workforce, becoming the latest technology company to announce headcount … Read more

Mexico president lambastes YouTube after company edits video revealing NYT journalist’s number

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador criticized YouTube on Sunday night after the tech company removed the video of a news conference in which the leader revealed the private telephone number of the New York Times’ Mexico bureau chief. The platform said the video had violated their policies on harassment and … Read more

Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway’s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The Omaha-based … Read more

Nvidia’s role in the AI wave has made it a $2 trillion company

Nvidia has officially hit a $2 trillion market capitalization, making it the first chipmaker to cross the threshold. It’s also the third US company to reach over a $2 trillion valuation, right behind Apple ($2.83 trillion) and Microsoft ($3.06 trillion). The California-based company has seen rapid growth over the past year due to its leadership … Read more

Wendy Williams’ Guardian Reportedly Files Lawsuit Against Lifetime Parent Company Ahead of Documentary Release

Wendy Williams’ guardian has reportedly filed a lawsuit. According to TMZ, Sabrina Morrissey recently filed a suit against A&E Television Networks, the parent company of Lifetime, which is the network that’s set to release the documentary Where Is Wendy Williams? this weekend. The outlet reports that, in the docs, Morrissey says she’s acting in her capacity as temporary guardian … Read more