business news

China’s Baidu says it expects ‘limited’ impact from US chip curbs

China's Baidu says it expects 'limited' impact from US chip curbs

“We think the impact is quite limited in the near future,” Dou Shen, executive vice president and head of Baidu AI Cloud, said of the US chip export controls. Jade Gao | dpa | Getty Images chinese tech company Baidu expects that impact from US chip sanctions on its businesses will be “limited,” a company …

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AWS faces cost-sensitive customers at Reinvent as economic fears mount

AWS faces cost-sensitive customers at Reinvent as economic fears mount

Amazon Web Services has been the biggest growth engine for its parent company over much of the past decade, taking business from some of the largest tech vendors in the world. But as corporations face the most daunting economic environment since the 2008 financial crisis, those massive checks they’re writing to AWS for their tech …

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Web inventor Tim Berners-Lee wants us to ‘ignore’ Web3

Web inventor Tim Berners-Lee wants us to 'ignore' Web3

Sir Tim Berners-Lee, co-founder and chief technology of Inrupt, speaking at Web Summit 2022. Sam Barnes | Sportsfile via Getty Images LISBON, Portugal — The creator of the web isn’t sold on crypto visionaries’ plan for its future and says we should “ignore” it. Tim Berners-Lee, the British computer scientist credited with inventing the World …

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Musk says he’ll put a Neuralink chip in his brain when they’re ready

Musk says he'll put a Neuralink chip in his brain when they're ready

Neuralink logo displayed on a phone screen, a silhouette of a paper in shape of a human face and a binary code displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on December 10, 2021. Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s health tech venture Neuralink …

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If Biden student loan plan fails, these work benefits help pay debt

If Biden student loan plan fails, these work benefits help pay debt

The Biden student debt-relief plan remains stuck in legal limbo, but some borrowers have a saving grace: their employer. Companies have stepped up in recent years to help student loan borrowers throw off the yoke of debt. They are doing this in several ways, including offering direct assistance or through relief tied to employees’ retirement …

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China internet firms have seen ‘peak regulation’: KraneShares

China internet firms have seen 'peak regulation': KraneShares

The Chinese government is unlikely to introduce new regulations for the internet tech sector and there could be more support going forward, according to Jonathan Krane of KraneShares. “I think we’ve seen peak regulation,” he told CNBC’s “Squawk Box Asia” on Wednesday. He said the rules introduced in recent years were meant to create long-term …

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Tencent bets on cloud computing growth abroad amid gaming slowdown

Tencent bets on cloud computing growth abroad amid gaming slowdown

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent said it will launch new cloud computing products aimed at overseas markets as it searches for new avenues for growth amid a slowdown in its core online …

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BlockFi lawyer tells court priority is to ‘maximize client recoveries’

BlockFi lawyer tells court priority is to 'maximize client recoveries'

In this photo illustration, the BlockFi logo seen displayed on a smartphone. Rafael Henrique | Sopa Pictures | light rocket | Getty Images BlockFi plans to reopen withdrawals as part of an effort to “maximize client recoveries,” the crypto lender’s lawyers said at a court hearing Tuesday, a day after the firm filed for Chapter …

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Amazon used AWS in satellite experiment

Amazon used AWS in satellite experiment

An image captured by the ION Elysian Eleonara satellite in January 2022. D-Orbit Amazon’s cloud computing division successfully ran a software suite on a satellite in orbit, in a “first-of-its-kind” experiment, the company announced Tuesday. AWS, or Amazon Web Services, conducted the prototype satellite software demonstration through partnerships with Italian company D-Orbit and Swedish venture …

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Tech giants not forced to remove harmful content

Tech giants not forced to remove harmful content

The UK’s Online Safety Bill, which aims to regulate the internet, has been revised to remove a controversial but critical measure. Matt Cardy | Getty Images News | Getty Images LONDON — Social media platforms like Facebook, TikTok and Twitter will no longer be obliged to take down “legal but harmful” content under revisions to …

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