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Economy Technology

Zimbabwe Plans to Build $60 Billion ‘Cyber City’ to Easy Harare Congestion

By Ytech on Wednesday, February 1, 2023

Zimbabwe plans to build “Zim Cyber City,” a modern capital expected to cost up to $60 billion in raised funds and include new government buildings and a presidential palace. Critics are blasting the plan as wasteful when more than half …

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Economy Technology

Boeing Bids Farewell to an Icon, Delivers Last 747 Jumbo Jet

By Ytech on Wednesday, February 1, 2023

Boeing bid farewell to an icon on Tuesday, delivering its final 747 jumbo jet as thousands of workers who helped build the planes over the past 55 years looked on.  Since its first flight in 1969, the giant yet graceful …

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Economy Technology

Cheaters Beware: ChatGPT Maker Releases AI Detection Tool 

By Ytech on Tuesday, January 31, 2023

The maker of ChatGPT is trying to curb its reputation as a freewheeling cheating machine with a new tool that can help teachers detect if a student or artificial intelligence wrote that homework. The new AI Text Classifier launched Tuesday …

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Economy Technology

Huawei Latest Target of US Crackdown on China Tech

By Ytech on Tuesday, January 31, 2023

China says it is “deeply concerned” over reports that the United States is moving to further restrict sales of American technology to Huawei, a tech company that U.S. officials have long singled out as a threat to national security for …

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Economy Technology

As Children in US Study Online, Apps Watch Their Every Move 

By Ytech on Sunday, January 29, 2023

For New York teacher Michael Flanagan, the pandemic was a crash course in new technology — rushing out laptops to stay-at-home students and shifting hectic school life online. Students are long back at school, but the technology has lived on, …

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Economy Technology

US, EU Launch Agreement on Artificial Intelligence

By Ytech on Saturday, January 28, 2023

The United States and European Union announced Friday an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, health care, emergency response, climate forecasting and the electric grid.  A senior U.S. administration official, discussing the …

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Economy Technology

US Dismantles Ransomware Network Behind More Than $100M in Extortion

By Ytech on Friday, January 27, 2023

An international ransomware network that extorted more than $100 million from hospitals and other organizations around the world has been brought down following a monthslong infiltration by the FBI, the Justice Department said Thursday. The Hive ransomware group, known to …

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Economy Technology

Trump Reinstated to Facebook After 2-Year Ban

By Ytech on Wednesday, January 25, 2023

Facebook parent Meta is reinstating former President Donald Trump’s personal account after a two-year suspension following the January 6, 2021, insurrection.  The company said in a blog post Wednesday it is adding “new guardrails” to ensure there are no “repeat …

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Economy Technology

Olive Pits Fuel Flights in Spain

By Ytech on Wednesday, January 25, 2023

The war in Ukraine has exposed Europe’s energy dependence on Russia and is spurring the development of new, cleaner-burning biofuels. Spain is emerging as a leader in this effort, with the introduction late last year of airplane fuel made from …

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Economy Technology

Microsoft Reports Outage for Teams, Outlook, Other Services

By Ytech on Wednesday, January 25, 2023

Microsoft said it’s seeing some improvement to problems with its online services including the Teams messaging platform and Outlook email system after users around the world reported outages Wednesday.  In a status update, the tech company reported “service degradation” for …

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Economy Technology

US, 8 States Sue Google on Digital Ad Business Dominance

By Ytech on Tuesday, January 24, 2023

The U.S. Justice Department filed a lawsuit against Alphabet’s GOOGL.O Google on Tuesday over allegations that the company abused its dominance of the digital advertising business, according to a court document. “Google has used anticompetitive, exclusionary, and unlawful means to …

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Economy Technology

AI Tools Can Create New Images, But Who Is the Real Artist?

By Ytech on Saturday, January 21, 2023

Countless artists have taken inspiration from “The Starry Night” since Vincent Van Gogh painted the swirling scene in 1889. Now artificial intelligence systems are doing the same, training themselves on a vast collection of digitized artworks to produce new images …

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Economy Technology

Google Parent Company To Lay Off 12,000 Workers Globally

By Ytech on Friday, January 20, 2023

Alphabet Inc., the parent company of tech giant Google, announced Friday it is laying off 12,000 workers across the entire company — cuts reflecting six percent of the company’s total workforce. In an email to employees Friday, Chief Executive Officer …

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Economy Technology

FBI Chief Says He’s ‘Deeply Concerned’ by China’s AI Program

By Ytech on Thursday, January 19, 2023

FBI Director Christopher Wray said Thursday that he was “deeply concerned” about the Chinese government’s artificial intelligence program, asserting that it was “not constrained by the rule of law.” Speaking during a panel session at the World Economic Forum in …

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Economy Technology

Tech Layoffs Mount as Microsoft, Amazon Shed Staff

By Ytech on Thursday, January 19, 2023

Software giant Microsoft on Wednesday became the latest major company in the tech sector to announce significant job cuts when it reported it would lay off 10,000 employees, or about 5% of its workforce. Microsoft’s job cuts come just as …

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Economy Technology

SpaceX’s Starlink Becomes Crucial Tool in Ukrainian War Effort

By Ytech on Tuesday, January 17, 2023

When Russia invaded Ukraine, the military and private citizens started using Elon Musk’s SpaceX Starlink, which eventually became key to Ukraine’s resistance. From Kyiv, Myroslava Gongadze tells the story of one Ukrainian engineer who volunteers to support the technology and …

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Economy Technology

Biden Urges Netherlands to Back Restrictions on Exporting Chip Tech to China

By Ytech on Tuesday, January 17, 2023

President Joe Biden hosted Dutch Prime Minister Mark Rutte on Tuesday at the White House, where he urged the Netherlands to support new U.S. restrictions on exporting chip-making technology to China, a key part of Washington’s strategy in its rivalry …

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Economy Technology

Israel’s Cognyte Won Tender to Sell Spyware to Myanmar Before Coup, Documents Show

By Ytech on Sunday, January 15, 2023

Israel’s Cognyte Software Ltd won a tender to sell intercept spyware to a Myanmar state-backed telecommunications firm a month before the Asian nation’s February 2021 military coup, according to documents reviewed by Reuters. The deal was made even though Israel …

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Economy Technology

Fight Over Big Tech Looms in US Supreme Court

By Ytech on Saturday, January 14, 2023

An upcoming U.S. Supreme Court case that asks whether tech firms can be held liable for damages related to algorithmically generated content recommendations has the ability to “upend the internet,” according to a brief filed by Google this week. The …

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Economy Technology

Report: Iran May Be Using Facial Recognition Technology to Police Hijab Law

By Ytech on Friday, January 13, 2023

A recently published report in a U.S.-based magazine says Iran is likely using facial recognition technology to monitor women’s compliance with the country’s hijab law. While there are other ways people can be identified, Wired magazine says Iran’s apparent use …

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Economy Technology

Journalists Say Elon Musk Needs to Reinstitute Monitoring of Twitter

By Ytech on Wednesday, January 11, 2023

Concerns linger over Twitter’s stance on free expression and safety since Elon Musk took over the platform in a $44 billion deal. Since taking ownership in late October, Musk has instituted changes including dissolving an oversight review channel, laying off …

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Economy Technology

GM, Ford, Google Partner to Promote ‘Virtual’ Power Plants

By Ytech on Tuesday, January 10, 2023

Companies including GM, Ford, Google and solar energy producers said on Tuesday they would work together to establish standards for scaling up the use of virtual power plants (VPPs), systems for easing loads on electricity grids when supply is short. …

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Economy Technology

Virgin Orbit Rocket Carrying Satellites Fails to Reach Orbit

By Ytech on Tuesday, January 10, 2023

A mission to launch the first satellites into orbit from Western Europe suffered an “anomaly” Tuesday, Virgin Orbit said.   The U.S.-based company attempted its first international launch on Monday, using a modified jumbo jet to carry one of its rockets …

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Economy Technology

Seattle Schools Sue Tech Giants Over Social Media Harm

By Ytech on Monday, January 9, 2023

The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them accountable for the mental health crisis among youth. Seattle Public Schools filed the lawsuit …

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