List of All Articles with Tag 'tech'

Investors betting on an extension of Baidu Inc.’s market-beating rally may be due for a reality check as

Tech companies should help to reimburse the victims of social media purchase scams, bosses at Barclays have said. It comes as data from the bank revealed a jump in the number of social media scams affecting British shoppers. Purchase scams, where people buy good which never arrive or are not as advertised, now account for two thirds of all reported scams, according to the research. Barclays said that 88% of these scams, which cause victims to lose £1,000 on average, start on social media platforms. The bank has called for more to be done in order to prevent these scams, demanding further action from social media companies and politicians. It has called for a victim reimbursement fund to be financed by all firms whose systems and platforms are used to perpetrate scams, including tech companies and banks, as part of four recommendations. Currently victims are only reimbursed by funding from banks, Barclays said. The banking giant also called for the creation of a cross-Government group within the Home Office to deal with the issue in order to coordinate regulators, policy makers, industry groups, and companies across different sectors. The prevention of scams should also be made mandatory, particularly for tech companies, in a shift from current voluntary measures, it added. Barclays also urged the Government to make organisations publish their scams data in order to inform consumers of the risks involved in using their platforms. Matt Hammerstein, chief executive officer of Barclays UK, said: “With so much of everyone’s lives now being online, from staying connected with friends and family, to shopping, it’s important that people feel safe on the platforms they use. “Our data shows that tech platforms, particularly social media, are now the source of almost all scams. “However, there is no current legislative or regulatory framework obliging the tech sector to support the prevention of these crimes, as there rightly is for banks. “We can only drive back this epidemic, and protect UK competitiveness, by stopping scams at their source, preventing the flow of funds to organised crime.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Hozier would consider striking over AI threat to music industry Snapchat experiences ‘temporary outage’ as My AI chatbot posts own Story Crime victims’ data revealed by two police forces in FoI responses

Apple's fall product launch next month is all but certain to include a new iPhone, and rumors say it could include faster charging.

(Reuters) -Photoshop maker Adobe's co-founder John Warnock died on Saturday aged 82, the company said in a statement early on

Elon Musk announced on Friday that X, the social media site formerly known as Twitter, will dramatically limit the ability of users to block other accounts, a move that critics say will allow harassment to flourish on the platform. “Block is going to be deleted as a ‘feature’, except for DMs [direct messages],” Mr Musk wrote in a post on X on Friday. “It makes no sense.” Critics quickly pounced on the move. “I thought the old Twitter was a pretty negative force for American society, I’m glad it was ‘disrupted’, but removing the ability to block will just encourage the kind of pile-ons that made it bad,” wrote journalist Nate Silver in an X post. Monica Lewinsky wrote a post of her own tagging Mr Musk and X CEO Linda Yaccarino, saying, “please rethink removing the block feature. as an anti-bullying activist (and target of harassment) i can assure you it’s a critical tool to keep people safe online. - that woman.” Even some X investors like Binance CEO Changpeng Zhao seemed sceptical. “X should really solve the bots & spam problems before removing blocks,” he wrote on X. “Just my 0.02.” As X users flagged in a community note, the removal of the blocking feature, which allows X users to block certain accounts from appearing in their feeds or being visible to others interacting with their content, could run afoul of the policies of the Apple and Google app stores. “It’s a downward spiral that cannot be good for the long term success of X,” Louis Jones of the Brand Safety Institute told CNBC. The potential change to the policy is the latest tweak Mr Musk has made to the service since taking it over last year. Earlier this week, users noticed the X logo had changed on Apple operating systems, appearing with a grunge-style effect over the company’s X symbol. “The cracks & scratches better represent this product that I love,” Mr Musk wrote of the new design. The concern over changing the block feature follows a report from The Washington Post that X has been throttling traffic to news sites and competitors. Read More Elon Musk says ability to block other X accounts may be removed in future Elon Musk’s X now sorts posts on accounts based on number of likes, not by chronology Elon Musk’s Twitter slows down access to rival websites X now sorts posts on accounts based on number of likes, not by chronology Musk’s Twitter takeover sparks mass exodus of climate experts Elon Musk’s Twitter slows down access to rival websites

Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Bitcoin’s price is crashing dramatically PayPal launches dollar-backed cryptocurrency World’s first ‘superfast’ battery offers 400km range from 10 mins charge

When college administrator Lance Eaton created a working spreadsheet about the generative AI policies adopted by universities last spring, it was mostly filled with entries about how to ban tools like ChatGPT.

The world’s largest battery maker has launched what it claims is the first ever “superfast charging” battery capable of delivering 400 kilometres (249 miles) of range from just a 10 minute charge. China’s Contemporary Amperex Technology Limited (CATL) said its new lithium-ion battery would open up a new era for electric cars and eliminate range anxiety for owners. On a full charge, the battery holds enough charge to travel over 700 km without needing to recharge – roughly 60 per cent further than the average electric vehicle in 2023. CATL said the increase in battery capacity and charge time was achieved through a “brand-new superconducting electrolyte formula” that results in improved conductivity. “The future of the EV battery technology must remain steadfastly anchored at the global technology frontier, as well as the economic benefits,” said Dr Wu Kai, chief scientist at CATL. “As EV consumers shift from pioneering users to ordinary users, we should make advanced technology accessible for all and enable everyone to savour the fruits of innovation.” CATL, which manufactured more lithium-ion batteries than any of its competitors in 2022, plans to begin mass production of its next-generation battery later this year. The company did not reveal which automakers would be the first to receive the batteries, though its customers include BMW, Daimler AG, Honda, Tesla, Toyota, Volkswagen and Volvo. Electric car sales have experienced record-breaking growth in recent years, with more than 10 million sold last year, however they still account for less than a fifth of all car sales. Range anxiety remains one of the main barriers for consumers when considering the purchase of an electric vehicle, according to the International Energy Agency, which has led manufacturers like CATL to invest heavily in overcoming this obstacle. Other challenges include access to battery materials and battery degradation, though CATL claims this second pain point is not an issue with its latest battery. Most major carmakers have set targets to phase out cars with internal combustion engines entirely by 2040 and estimates from the IEA suggest electric car sales will overtake fossil fuel-powered car sales within the next 15 years, though battery breakthroughs could reduce this time scale even further. Read More Battery breakthroughs are about to trigger a transport revolution World’s first ‘superfast’ battery offers 400km range from 10 mins charge The new iPhone update has made a very small, very controversial change Bitcoin’s price is crashing dramatically

Cybersecurity firm Palo Alto Networks Inc. surged after projecting stronger billings for the year than Wall Street anticipated,

There's a week left to file a claim for your (small) share of a $725 million settlement.

Instacart Inc. is planning an initial public offering as soon as September, according to people familiar with the

Apple is making a small but already controversial tweak in the upcoming iPhone update. The company revealed iOS 17 at its Worldwide Developers Conference, in June. It showed off a range of features: new images that will show when you call someone, redesigned messages and stickers, and a new “StandBy” mode that allows the phone to be used as an ambient display when turned on its side. But another change has already received as much discussion as those more substantial updates. And it relates to the button you use to put the phone down. Until now, that button was in the middle of the screen, on its own. That meant among other things it was easy to press without accidentally hitting anything else, and that you could be confident of doing so. But a recent update to the iOS 17 beta – which allows users to test out the new software as it is developed, before everyone else – moved that button to the bottom-right of the screen, and put it alongside other buttons. Then another update to that beta arrived this week, which moved that back to the middle of the bottom of the display, but still left it among other buttons. The relocation is already proving controversial among users who are adjusted to knowing where to press to end their call. Moving the buttons together at the bottom of the display is presumably an attempt to leave more space for the new Contact Posters that show when someone calls. But it is not clear why Apple moved the button around, and then replaced it. The change is just one of a range of alterations to the usually neglected Phone app in iOS 17. The update also brings new Contact Posters that people can design to show on others’ phones when they call, the option to leave a message when someone doesn’t pick up FaceTime calls, and a new live voicemails tool that answers the phone on your behalf and transcribes what people say. The full release of iOS 17 is expected to come next month, just before the launch of the iPhone 15. That too will make a change to the real buttons on the device: widespread rumours suggest that the toggle on the side of the phone that switches into silent mode will be replaced with an “action button” that can be configured by the user. Read More Bitcoin’s price is crashing dramatically AI poses a profound threat – but could also help save us, experts agree Study finds popular accessory likely makes no difference to sleep quality, eye health