In a significant development for labor rights within the gig economy, hundreds of Amazon delivery drivers in New York have voted to join the International Brotherhood of Teamsters, as announced on Monday. This action underscores a growing trend of unionization among employees who often work under precarious conditions. The drivers are affiliated with three separate
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The world of bitcoin has always been filled with volatility, but recent developments have underscored a significant shift in the mining industry. As bitcoin enthusiasts celebrated a remarkable 12% increase in the cryptocurrency’s value over the past week along with a peak in network hash rate, the climate remains fraught with challenges for miners, revealing
Saudi Arabia is steadily charting its course towards becoming a major hub for artificial intelligence (AI), bolstered by a critical dependence on advanced technology from leading global manufacturers like Nvidia. Abdulrahman Tariq Habib, Deputy CEO of the Saudi Data and AI Authority (SDAIA), expressed optimism about securing access to Nvidia’s high-performance chips, which are instrumental
In the midst of the rapidly evolving tech landscape, Oracle has managed to carve out a solid position for itself, much to the delight of its investors. Following a series of impressive quarterly reports, Oracle’s stock price has been on an upward trajectory, experiencing double-digit gains with each earnings announcement this year. This represents a
In the rapidly evolving landscape of artificial intelligence, Chinese tech giants have been making significant strides in developing their own AI models in the past 18 months. While global attention has predominantly been on big U.S. companies like OpenAI and Google, China’s firms such as Alibaba, Tencent, Baidu, and Huawei have been actively launching their
California Attorney General Rob Bonta recently issued a warning to executives at social media and tech companies to take stronger measures in safeguarding voters from deception, intimidation, and dissuasion. This caution came just ahead of the upcoming November election. Bonta emphasized the critical role that social media platforms and artificial intelligence services play in providing
The U.K. is facing challenges when it comes to commercializing technology businesses on a global scale. According to Warren East, a former CEO of Arm, there is a need for a mindset shift within the investor community in order for the U.K. to succeed internationally. East highlighted that there have been criticisms of lackluster growth
Northvolt, a prominent battery producer in Europe’s electric vehicle industry, has recently announced a series of strategic changes, including job cuts and the closure of one of its sites. The company, headquartered in Stockholm, Sweden, is known for manufacturing lithium-ion batteries for electric vehicles and has partnerships with major automakers such as Volkswagen and Volvo.
YouTube creators, such as The Try Guys, have long relied on Google’s algorithms and advertiser revenue to sustain their businesses. However, co-founder Zach Kornfeld highlighted the instability and unpredictability that comes with depending solely on ads in an interview with CNBC. The Try Guys decided to take a different approach by launching their standalone streaming
Roblox, a leading gaming platform for kids, is revolutionizing its monetization strategy by allowing developers to charge users real money for playing Paid Access games. This shift from relying solely on Roblox’s digital currency, Robux, marks a significant departure from the platform’s traditional payment method and mirrors the practices of the broader video game industry.