During a cyberspace conclave this past weekend, Chinese President Xi Jinping urged his countrymen to close the tech gap with the U.S. It’s not the first time he’s pushed China to catch up with the west on core tech such as semiconductors. But the recent U.S. ban of Chinese smartphone maker ZTE from using U.S. tech added urgency to the government’s “Made in China 2025” policy. Chinese nationalists...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
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