Boeing admits to lying about crashes and pays $244 million fine — families of victims demand $25 billion
Boeing agrees to plead guilty in a criminal case involving 737 MAX passenger jets. The manufacturer faces a fine of $244 million for misleading air safety regulators before two deadly plane crashes that killed 346 people.
AMD almost bought NVIDIA 20 years ago — only one person prevented it
NVIDIA is now a one of the largest players in the technology marketIts capitalization is much higher than Intel and AMD. But it turns out that AMD almost bought the company once. A former AMD engineer recently said that when NVIDIA was a startup, the company almost bought it CEO Jensen Huang then refused because he categorically demanded that he…
Sony PlayStation 4 saved AMD from bankruptcy — confession of a top manager «red team»
Ten years ago, AMD was not doing too well. Analysts predicted that «red» would go bankrupt by 2020. In 2015, AMD reported a 10% decline in revenue due to the shrinking PC market.
Microsoft «took revenge» on employees who took paid vacation — now they will be paid more than $14 million
Microsoft will pay $14.4 million to settle a case in California over allegations of retaliation against employees who took a legally protected vacation.
Electric cars and AI are to blame: the US complained about electricity shortages that «threaten» the economy and national security
The largest utility companies in the United States warn that the country is facing a surge in electricity demand unseen in decades. Failure to quickly increase electricity production could jeopardize the US economy.
«They chose the tactics of ignoring and repression»: UI/UX designer accuses IT company of 8-month salary delays
UI/UX designer Maria Abashina said that Infinity Technologies AG removed her from the Slack work chat because of a salary issue.
A cancer patient? Down the drain. Lawsuit against Mozilla over the suspension of an able-bodied CPO with melanoma
In June, a lawsuit was filed in the United States against Mozilla Corporation and three of its executives for alleged discrimination against a person with disabilities and retaliation against Chief Product Officer (CPO) Steve Teixeira. According to complaintfiled in the King County Superior Court in Washington state, Teixeira was nominated to serve…
Apple becomes the first company to be accused of violating the EU Digital Markets Act
Apple’s App Store policy violates the EU’s Digital Markets Act (DMA), which aims to promote competition, regulators said in a preliminary ruling on Monday. The European Commission has also launched a new investigation into Apple’s support for alternative iOS marketplaces in Europe, including the core technology fees it charges…
TikTok has actually stopped negotiations on a representative office in Ukraine — this would help remove Russian propaganda
The Center for Countering Disinformation at the National Security and Defense Council of Ukraine held talks with TikTok about opening a representative office. However, it seems that no agreement was reached, according to Forbes.
NVIDIA is not among the top 100 recognizable brands, despite its rapid growth — the company is known only to gamers
Four of the five most valuable companies in the world, Apple, Microsoft, Amazon, and Google, are also the most recognized public brands. NVIDIA, which this week briefly overtook Microsoft and became the most valuable company in the world (now only third), is not among the top 100 most famous names in the latest list Interbrand.
Elon Musk explained why «sent» to the advertisers last year and tried to soften his position
Elon Musk on Wednesday tried to justify and soften his words «Go. F—. Yourself» to advertisers who left X Twitter after it was acquired by a billionaire and changed its policies. It turns out that he did not «send» everyone, but only those who wanted «censorship».
The ex-OpenAI engineer who wanted to overthrow Altman founded his own AI startup — for «safe superintelligence»
Ilya Sutskever, co-founder of OpenAI and former chief scientist, has launched a new artificial intelligence solutions company focused on security. His new company – Safe Superintelligence Inc. (SSI) – is a startup with «one goal and one product». The goal is to create a safe and powerful AI system.
The European Union wants to scan all messages on the Internet, even encrypted ones — the law will be considered on June 20
The European Union is moving closer to adopting new rules that would require mass scanning of digital communications, including encrypted ones. On Thursday, EU governments will adopt a common position on a proposed draft law aimed at identifying child sexual abuse content. The vote will determine whether the proposal will have enough support to…
Amazon executives booked Foo Fighters concert amid layoffs and cost-cutting to «keep spirits up»
According to Amazon’s internal Slack messages, referenced by Business Insider, employees criticize the company for holding a private Foo Fighters concert for senior executives after difficult years of layoffs and cost cuts. Since the end of 2022, Amazon has laid off more than 27 thousand employees and allegedly cut its budget to boost team…
Ukraine is the second largest country in Central and Eastern Europe by the number of artificial intelligence companies
Roosh Investment Group, AI HOUSE, the largest Ukrainian AI community, and the Ministry of Digital Transformation have researched the Ukrainian AI ecosystem — here are the main points from the report report.
NVIDIA becomes the most valuable company in the world with a capitalization of $3.34 trillion
NVIDIA market capitalization reached NVIDIA’s market capitalization reached $3.34 trillion, allowing the company to overtake Microsoft ($3.32 trillion) and become the most expensive in the world. Despite the recent growth of Microsoft and Apple shares, NVIDIA shares have risen even more. Only earlier this month, the company became the second…
US files lawsuit against Adobe over «deceptive» subscriptions that are too hard to cancel
The US government has sued Adobe for allegedly hiding expensive fees and making it difficult to cancel subscriptions. The Department of Justice claims that Adobe «harmed consumers by enrolling them in its most lucrative default subscription plan without clearly disclosing important terms of the» plan.
Wells Fargo Bank fired employees for simulating work — they used mouse and keyboard activity simulators
Last month, Wells Fargo Bank fired more than ten employees for simulating work. According to a report sent to the Financial Industry Regulatory Authority, employees of the wealth management and investment division were «fired after considering allegations related to keyboard simulations that give the impression of active work».
Destroyed 180 servers with scripts from Google — fired employee caused $600,000 in losses
Kandula Nagaraju, a 39-year-old Indian citizen who worked for NCS (National Computer Systems) in Singapore, was sentenced to two years and eight months in prison after a court found him guilty of unauthorized access to computers. As reported by CNAKandula accessed his former employer’s systems for several months after he was fired. He…
X (formerly Twitter) is demanding $1500-$70,000 from fired employees — they say they were overpaid
Elon Musk’s X Corp (formerly Twitter) is demanding money from at least six Australians who were previously fired. The company claims that it accidentally overpaid them. Sydney Morning Herald newspaper saidX is threatening to sue some former Australian employees after they incorrectly converted currency from US dollars to Australian dollars.
SpaceX employees’ lawsuit against Elon Musk — sexual harassment, bullying, revenge
Eight dismissed SpaceX engineers have filed a lawsuit against Elon Musk alleging sexual harassment and retaliation. The U.S. National Labor Relations Board (NLRB) has opened a case against the company.
Jabra to discontinue headphones and headsets — Elite 10 Gen 2 and Elite Active 8 Gen 2 will be the last models
Just hours after announcing two new pairs of headphones, parent company Jabra GN announced that the Elite 10 Gen 2 and Elite 8 Active Gen 2 mark the end of its consumer headphone business. That’s all it has written for the long-running Elite series after years of producing quality products.
Apple has once again won the title of the most valuable company in the world from Microsoft – it has a capitalization of $3.33 trillion
On Wednesday, Apple once again became the most valuable company in the world, pushing Microsoft off the top spot. The Cupertino-based company has moved ahead in the race for dominance in artificial intelligence technologies.
Gameloft has significantly reduced the Kharkiv office: even the head of the studio was fired
Over the past few months, Gameloft’s Kharkiv office has been subject to large-scale layoffs. Even the head of the studio, who had been working there for 14 years, as well as game designers, QA engineers, and developers were laid off.
Tesla CEO demands $56 billion for Musk because «Elon needs motivation»
Tesla CEO Robin Denholm calls on the company’s shareholders to approve a $56 billion payout to Elon Musk. On June 13, Tesla shareholders will decide the fate of the compensation package.
The experiment was a success. Ukrainian YouScan reintroduces four-day work schedule
The Ukrainian company YouScan is returning to a four-day work schedule for the summer. This is the second time the company has done so — last year «four-day work was introduced as a response to the May shelling and team exhaustion.
Now’s your chance: the number of responses to QA jobs without experience falls for the 4th month in a row
The number of responses to QA jobs has been declining for the 4th month. Now it is about 50 responses per month, according to Djinni, an anonymous job search service.
Move over, Apple. NVIDIA became the second most valuable company in the world with a capitalization of $3.01 trillion
NVIDIA has become the second most valuable company in the world. On Wednesday evening, the chip giant’s market capitalization reached $3.01 trillion and surpassed Apple, which is worth $3 trillion.
Odesa-based IT company Digis is acquiring niche outsourcer Scalamandra. The deal is worth up to $1 million
Odesa-based IT company, Digisannounced its merger with outsourcer Scalamandra under the name Digis Group. This became known from the words of Digis founder Nick Nagatkin, who estimates the deal to be worth between $500,000 and $1 million. Following the completion of this transaction, the Scalamandra team will join Digis.
Elon Musk «moved» from Tesla to X and xAI 12 thousand NVIDIA H100 AI chips — shares fell, investors are unhappy
CEO Elon Musk has asked NVIDIA to send 12 thousand NVIDIA H100 artificial intelligence processors its companies X and xAI instead of Tesla. NVIDIA’s emails on the matter also indirectly suggest an exaggerated picture of Tesla’s purchases, as reported by CNBC.
Samsung sues Oura in advance to avoid patent disputes over Galaxy Ring
Samsung is not waiting for Oura to file any lawsuits over patent claims regarding its upcoming smart ring. Instead, the Korean company filed its own lawsuit against Oura in advance, seeking a «declaratory judgment» and claiming that Galaxy Ring does not violate 5 Oura patents.
Residents of «Diia.City» demand to extend the deadlines and introduce economical booking
The residents’ union «Diya.City» and Diya.City United called on the Cabinet of Ministers to take a number of measures to ensure the operation of enterprises important to the economy in the context of a full-scale war.
NVIDIA CEO Jensen Huang, along with executives from TSMC, MediaTek and Quanta, walked the night market in Taiwan
NVIDIA CEO Jensen Huang and the heads of some of the largest companies in the semiconductor business were spotted together at the Ningxia Night Market in Taiwan. TSMC founder Morris Chang, MediaTek CEO Rick Tsai, Quanta CEO Barry Lem, and famous architect Chris Yao were partying with NVIDIA CEO. The party took place on the eve of Computex 2024, and…
Samsung workers exposed to severe X-rays at work — investigation launched
South Korean authorities have opened a case against Samsung after finding that two workers at one of the tech giant’s plants were exposed to X-rays. The two hospitalized patients showed «abnormal» symptoms on their fingers, the South Korean Nuclear Safety Commission (NSSC) said in a statement.
Activision «has extracted» more than $14 million from a Call of Duty cheat developer — they have been downloaded 72,000 times
Activision has won a legal victory in the case against German cheat distributor EngineOwning. U.S. District Judge Michael Fitzgerald awarded Activision $14,465,600 in compensation for loss of profits, as well as another $292,912 in attorney’s fees.
N-iX opens first office in Romania: it will function as a technology hub
Ukrainian IT company N-iX, which employs more than 2200 specialists, has opened an office in Bucharest, Romania.
Nvidia’s success in 5 years has increased Jensen Huang’s fortune from $3 billion to $90 billion
Five years ago, Nvidia CEO Jensen Huang owned a share of his company worth approximately $3 billion. However, thanks to the successful development of the business and the record growth of shares this week, his capital is now worth more than $90 billion.
«Nova Poshta» now delivers shipments between European countries – weight up to 100 kg, delivery time from 2 days
The Nova Post brand, under which «Nova Poshta» operates in Europe, has introduced a new service for customers abroad. From now on, it is possible to make shipments not only from European countries to Ukraine and vice versa, but also to send documents, parcels or cargo up to 100 kg between European countries where there are Nova Post offices.
AI slaves: African workers accuse OpenAI, Meta, and others of inhumane working conditions — open letter to Biden
AI language models like OpenAI’s ChatGPT are partially powered by low-wage workers. Contractors in poor countries pay small amounts of money to correct chatbot data, label images, etc. On May 22, 97 African workers who train artificial intelligence or moderate content for companies such as Meta and OpenAI published an open letter to President…
New NVIDIA graphics cards every year: announcement of annual development cycle amid 262% revenue growth for the quarter ($26 billion)
NVIDIA’s revenue grew by 262% last quarter, exceeding investors’ high expectations and pushing the company’s shares up in trading. NVIDIA also announced a 10-for-1 stock split effective June 7, and announced a 150% increase in its quarterly dividend.
Absolute hegemony. Luxoft topped the top companies by published vacancies
Luxoft, one of the largest IT companies in Ukraine, became the absolute leader in terms of published vacancies in the spring.
Vlad Yatsenko, Dmytro Zaporozhets, and others. The top of the richest IT entrepreneurs in Ukraine has been revealed
The publication NV amounted to rating of the richest IT entrepreneurs in Ukraine. The top spots were taken by businessmen focused on Western markets — Vlad Yatsenko, Dmytro Zaporozhets, and Taras Kitsmey and Yaroslav Lubinets of SoftServe.
Fears that people’s jobs will be taken away: «the godfather of AI» offers a universal basic income
«The Godfather of Artificial Intelligence» Jeffrey Hinton believes that the introduction of a universal basic income can solve the problem of a possible job shortage caused by the development of AI.
Google Ukraine exec launches Strichka — digital community for Ukrainians abroad
Dmytro Sholomko, who headed Google’s representative office in Ukraine for 17 years and resigned last year in Octoberannounced his new job (and not just one).
Ilya Sutzkever, the chief scientist who wanted to oust Sam Altman and changed his mind, is leaving OpenAI
OpenAI co-founder and chief scientist Ilya Sutskever officially leaves the company — he is best known for leading the infamous failed coup to oust Sam Altman from the CEO position.
«Nova Poshta» now operates in the UK – opened 2 branches and launched courier delivery
«Nova Poshta» has announced the launch of its operations in the UK. This is the 13th European country where the company has opened a branch and launched courier delivery.
Germany bans the sale of Motorola smartphones and some Lenovo devices
A German district court has decided to completely ban the sale of Lenovo devices and its subsidiary Motorola in the country. Motorola is now prohibited from selling all its phones that have a WWAN (Wireless Wide Area Network) module designed to provide mobile Internet access via cellular networks. This means that virtually all Moto phones,…
Softserve, Luxoft, and Infopulse. The rating of the largest taxpayers among IT companies has been published
In 2023, IT companies paid UAH 20.8 billion in taxes to the state budget.
«For services to the company»: Microsoft will unfreeze salary increases for employees
Microsoft plans to resume raising salaries for its most efficient employees.
Dell will track movements and assign a rating of «truants» office
The American company Dell is tightening control over its employees after changing its remount policy. In particular, it tracks physical movements and monitors VPN connections.
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