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Threads Reaches 100 Million Sign-Ups in Record Time 

July 11, 2023

Threads, the new Meta-owned rival to Twitter, reached 100 million sign-ups within five days of launching, CEO Mark Zuckerberg said.  The rapid rise in numbers puts Threads ahead of ChatGPT as the…

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Foxconn to Switch Focus to Electric Vehicles 

June 16, 2023

Foxconn, the Taiwanese manufacturer of iPhones, will shift its focus towards electric cars in the future, in the face of strained relations between the United States and China.  Chairman Young Liu told…

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Meta Hit With Record 1.2bn Euro Fine 

May 22, 2023

Meta has been issued a record 1.2 billion euro fine ($1.3 billion) by a European Union privacy regulator for the way it handles user data when transferring it between Europe and the…

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Alphabet Shares Jump After AI-Focused Developer Conference 

May 12, 2023

Shares of Alphabet, the parent company of Google, are trading at their highest price since last August, as the company made major announcements about its artificial intelligence offerings at its developer conference. …

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IBM Stops Hiring People for Some Jobs AI Can Do 

May 2, 2023

IBM will halt hiring in non-customer-facing positions that could be carried out by artificial intelligence, the company’s CEO Arvind Krishna told Bloomberg.  Krishna said the job cuts will primarily affect roles such…

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U.K. Introduces Bill Boosting Regulator Power to Curb Big Tech Competition Abuses

April 25, 2023

The government of the United Kingdom has published a draft bill that would give its independent competition regulator extended powers to fine Big Tech companies for competition abuses.  The Digital Markets, Competition…

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Netflix Pushes Back Password-Sharing Crackdown 

April 19, 2023

TV-streaming company Netflix posted a mixed quarterly financial report this week, as it pushed back the rollout of its new password-sharing crackdown initiative.  Netflix originally said the rollout, which will make it…

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AI to Affect ‘Every Product of Every Company’ —Google’s Pichai 

April 17, 2023

Alphabet CEO Sundar Pichai said society will need to adapt to the new capabilities of AI, and “every product of every company” will be impacted by the technology.  Pichai talked at length…

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PC Shipments Dropped Sharply in First Quarter of 2023

April 12, 2023

The PC market suffered a disappointing first quarter, with two analysts reporting worldwide shipments of desktops and laptops were down around 30% compared to the same period last year.  IDC reported that…

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Twitter to Limit Recommended Timeline to Verified Users 

March 28, 2023

Elon Musk’s Twitter appears to be entering a new phase of changes and unrest, as the social media platform announced major alterations to its algorithms after a week of mostly bad news. …

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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