Memo: Ericsson plans to lay off 8,500 of its 105K+ employees, or 8% of its staff; in December, the company said it would cut costs by ~$880M by the end of 2023 — Telecom equipment maker Ericsson (ERICb.ST) will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said.
MWC Barcelona, arriving next week, feels more Europe-focused, with expected launches of Chinese phones already available in China and unlikely to come to the US — In less than a week, some of the world's biggest mobile players will be crowded into the Fira de Barcelona convention center …
How the founders of the Buy Nothing Project, which grew via Facebook Groups of neighbors exchanging free stuff, built their own app amid member resentment — How an idealistic community for exchanging free stuff tried to break away from Facebook and ended up breaking apart.
Kuo: Apple plans a cheaper second-gen AR/MR headset with two high-end and low-end models, built by Luxcaseict and Foxconn, respectively, likely coming in 2025 — Apple's cheaper second-generation AR/VR headset will come in two high-end and low-end models, according to Apple industry analyst Ming-Chi Kuo.
Alibaba reports Q3 revenue up 2% YoY to ~$35.9B, China commerce revenue down 1% YoY to ~$24.6B, and net income up 69% YoY to ~$6.8B; BABA jumps 6%+ — - Alibaba reported earnings for its fiscal third quarter that smashed expectations, sending shares soaring 6% higher.
Tel Aviv-based chip startup Chain Reaction, which plans to begin mass producing its blockchain chip Electrum, raised $70M led by Morgan Creek Digital — Tel Aviv-based blockchain chip startup Chain Reaction on Thursday said it raised $70 million which will be used to expand its engineering team …
An analysis of 100+ studies finds that social media is a major cause of mental illness in teen girls, not just a tiny correlate, especially after 2012 — Journalists should stop saying that the evidence is just correlational — A big story last week was the partial release …
Analysis of the 40 most popular Android apps on the Google Play Store finds nearly 80% had discrepancies between their privacy policies and Data Safety labels — The apps' privacy policies, however, both explicitly state that they share user information with advertisers, Internet service providers …
The SEC has now issued dozens of enforcement actions to crypto companies, moves critics say let the agency shape crypto without a direct system of regulations — U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency.
Uber launches a redesigned version of its app globally, including adding a simpler homescreen, a Services tab, and live tracking on iOS 16 — Uber is releasing an updated version of its app that aims to simplify and personalize the experience for customers.
Sources: Chinese regulators told Tencent, Ant Group, and others not to offer public ChatGPT services, after state media criticized chatbots over misinformation — State media outlet blasts chatbot as spreading U.S. government ‘misinformation’ — HONG KONG — Regulators …
Leaked documents detail how shadowy cybersecurity firm S2T is selling surveillance tools to clients with a track record of spying on journalists and dissidents — Hidden in a trove of leaked Colombian military documents, Forbidden Stories found a confidential brochure …
Q&A with David Wakeling of Allen & Overy, one of world's largest law firms, on using using OpenAI-developed generative AI tool Harvey to write legal documents — Large law firms are using a tool made by OpenAI to research and write legal documents. What could go wrong?
Anzar Mehraj / Reuters : Uber, Verne, and Pony.ai launch autonomous rides in Zagreb, making the Croatian capital the first European city ...
