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Jan 20, 2022
As part of an effort to regain its position as a leading maker of semiconductors amidst a global chip shortage, Intel is committing $20 billion to build a manufacturing mega-site in New Albany, on the outskirts of Columbus, Ohio, the company exclusively confirmed to TIME. The chip maker says it will build at least two…
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Jan 20, 2022
A blank square of pixels in a virtual metaverse world like The Sandbox can cost as much as a home in the real world. But investors are buying in
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Jan 20, 2022
A blank square of pixels in a virtual metaverse world like The Sandbox can cost as much as a home in the real world. But investors are buying in
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Jan 19, 2022
On Tuesday tech giant Microsoft announced its proposed purchase of gaming company Activision Blizzard for nearly $69 billion. The deal would grant Microsoft ownership over globally recognized franchises like Call of Duty, World of Warcraft, and Candy Crush, to name a few. It also creates a new division in the company, Microsoft Gaming, to be…
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Jan 19, 2022
Lino Marrero was leaving cello practice one day when he noticed several blisters on his fingers. The pain was so bad that the 10-year-old inventor from Frisco, Tx. wanted to quit playing the instrument for good, even though he loved music. So he started doing some research online to find a solution. "I learned that…
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Jan 19, 2022
Renowned Israeli gastronome Michal Ansky knows her food. She's a professional taster and a Master Chef judge. So when she was invited to the world's first public blind taste test pitting lab-grown, or cultivated, chicken up against a conventionally raised product, she jumped at the chance. It was a historic opportunity, but she was also…
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Jan 18, 2022
Twitter users in Nigeria were able to access the platform for the first time in seven months last week, after the government reversed a ban
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Jan 18, 2022
AT&T and Verizon will postpone new wireless service near some airports planned for this week after the nation's largest airlines said the service would interfere with aircraft technology and cause massive flight disruptions. The companies said Tuesday they would delay turning on new cell towers around runways at some airports — they did not say…
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Jan 18, 2022
Microsoft is buying the gaming company Activision Blizzard for $68.7 billion, gaining access to blockbuster games like "Call of Duty" and "Candy Crush." The all-cash deal will let Microsoft, maker of the Xbox gaming system, accelerate mobile gaming and provide building blocks for the metaverse, or a virtual environment. The announcement Tuesday arrives with Activision…
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Jan 16, 2022
(To receive weekly emails of conversations with the world's top CEOs and business decisionmakers, click here.) Cathie Wood is CEO, CIO and founder of ARK Invest, a closely watched investment fund known for its prescient high risk, high reward strategy (Wood was early on Bitcoin and Tesla) and radical transparency (she explains her decisions to…
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Jan 13, 2022
The Consumer Electronics Show was dominated by metaverse talk. Here are the products that were debuted, from bodysuits to NFT TVs.
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Jan 12, 2022
Between presentations launching new PC processors and candy-colored refrigerators at last week's CES, companies at the annual tech industry jamboree made a lot of big, flashy proclamations about climate change, some more serious than others, and most seeming to include at least one stock video clip of trees, solar panels and children frolicking in grassy…
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Jan 11, 2022
During the COVID-19 pandemic, patients' fears of getting infected in health care settings pushed many to use telehealth from the comfort of their own homes. That has come with some upsides. As telehealth has become more common, many providers and patients alike have appreciated the ease and convenience of doctors' appointments from home, and it's…
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Jan 11, 2022
Amid fears of U.S. surveillance, the bloc's top court in 2020 struck down a tool for companies like Facebook to transfer data across the Atlantic.
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Jan 11, 2022
Meta employees have been working remotely since March 2020, and multiple return-to-office plans have been delayed.
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Jan 10, 2022
Reddit moderators around the world say that racism, xenophobia, homophobia, sexism, misinformation and personal threats are running rampant on the site
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Jan 10, 2022
The transaction includes a go-shop provision, giving Zynga 45 days to hear alternative proposals.
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Jan 09, 2022
(To receive weekly emails of conversations with the world's top CEOs and business decisionmakers, click here.) PayPal's CEO and president did not learn his most important business lesson in the C-suite of the $215-billion fintech platform, which he has led since 2014; nor in his previous top jobs at T-Mobile, Sprint, Virgin Mobile or Priceline.…
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Jan 07, 2022
As COVID-19 cases continue rising due to the rapid spread of the Omicron variant, this year's CES was once again different from years past—some in-person events went on as planned in Las Vegas, but several big names in the tech world, like Google, Intel and Microsoft, took their announcements virtual instead. Still, that doesn't mean…
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Jan 06, 2022
The OASIS Consortium, a think tank that brings together execs of metaverse platforms, published some of the first comprehensive safety standards for Web 3.
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Jan 04, 2022
Legal experts say that Holmes may serve as little as three years at one of the least restrictive facilities in the U.S.
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Jan 04, 2022
Platforms like Facebook and Instagram are under mounting pressure to reform the ways in which they're built to be addictive for users
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Jan 04, 2022
Don't you hate it," says Jon the Robot, gesturing with tiny articulated arms at an expectant crowd, "when you're trying to solve inverse kinematics equations to pick up a cup and then you get ‘Error 453, no solution found'?" The crowd laughs. "Don't you hate that?" An experiment billed as a comedy act, Jon is…
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Jan 03, 2022
SAN JOSE, Calif. (AP) — A jury found fallen Silicon Valley star Elizabeth Holmes guilty of fraud for turning her blood-testing startup Theranos into a sophisticated sham — one that duped billionaires and other unwitting investors into backing a seemingly revolutionary company whose medical technology never worked as Holmes promised. The 37-year-old Holmes was found…
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Jan 03, 2022
A jury found Holmes guilty of two counts of wire fraud and two counts of conspiracy to commit fraud
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Jan 03, 2022
U.S. District Judge Edward Davila instructed its members to do their best to reach a verdict
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Dec 30, 2021
Digital twins—exact digital re-creations of objects or environments—are being used to replicate factory floors, cars prototypes and internal organs
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Dec 23, 2021
Entrepreneurs do not typically brag about their criminal records when promoting a new business venture. But Peter Levashov, one of Russia's most notorious hackers, believes his rap sheet may help attract investors. "The U.S. government gave me lemons," he tells TIME in his first interview about his long career as a cybercriminal, referring to his…
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Dec 23, 2021
Here are the biggest developments, best NFT art projects and most worrying trends, according to artist and blockchain coder Rhea Myers.
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Dec 22, 2021
The NBA player and recent crypto convert released 2,974 NFTs featuring digital replicas of shoes he wore when he broke a scoring record
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Dec 16, 2021
In its first earnings report since the company's blockbuster $13.7B IPO in November, electric vehicle maker Rivian announced its plans to build a second EV factory, this time in Georgia. (Rivian's only current factory is in Normal, Ill.) The Irvine, Ca.-based company delivered compelling numbers, but admitted the challenges of scaling up production rapidly. "We're…
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Dec 16, 2021
Reddit Inc., the social media platform that helped fuel this year's meme stock frenzy, said it has confidentially filed for an initial public offering. The San Francisco-based company said Wednesday in a statement that the number of shares and proposed price range for an IPO haven't been determined. It said the listing is expected to…
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Dec 16, 2021
Documents show Facebook knew far more about the harms of its products than it ever let on. Will it take safety in the metaverse seriously?
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Dec 15, 2021
BOSTON — Security pros say it's one of the worst computer vulnerabilities they've ever seen. They say state-backed Chinese and Iranian hackers and rogue cryptocurrency miners have already seized on it. The Department of Homeland Security is sounding a dire alarm, ordering federal agencies to urgently eliminate the bug because it's so easily exploitable —…
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Dec 13, 2021
Nostalgia is a curse. Its memory manipulation makes us hyperinflate the value or quality of past relationships, experiences, things we loved. When we see them again, the disappointment can be a shock. No, Speed Racer was not a good cartoon show. No, your grade school crush wasn't that impressed at your spelling test scores. But…
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Dec 13, 2021
The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry. "The future of transportation in our nation and around the world is electric," Vice President Kamala Harris said…
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Dec 13, 2021
MILWAUKEE — Harley-Davidson will take its electric motorcycle division public through a blank-check company, valuing the enterprise that has been part of the Harley for 10 years at $1.77 billion. The news gave a jolt to long-suffering shares of Harley-Davidson, which jumped 14% at the opening bell Monday. Under the agreement, the special purpose acquisition…
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Dec 13, 2021
To many hourly front-line workers, Amazon's mobile phone ban demonstrates executives' indifference to employee safety.
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Dec 10, 2021
Comedian Lewis Black has called for Spotify to remove his work from the platform until his fellow comics' full catalogs are restored to the streaming service. Black's request comes in the wake of Spotify pulling down hundreds of comedy albums on Nov. 24 amid an ongoing dispute with publishing-rights company Spoken Giants—which has also been…
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Dec 09, 2021
It is the latest setback for digital platforms that rely on independent contractors to deliver food and offer rides.
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Dec 09, 2021
NFTs took over Art Basel Miami this year. Here's what TIME saw there, from body mapping to property speculation to pure hedonism.
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Dec 08, 2021
In Miami, the next generation of art collection showed its colors
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Dec 08, 2021
In his first-ever appearance before Congress on Wednesday, Instagram CEO Adam Mosseri faced a barrage of questions from lawmakers about the social media platform's ill-effects on children and teens. During the hearing, titled "Protecting Kids Online: Instagram and Reforms for Young Users," members of the Senate Subcommittee on Consumer Protection, Product Safety, and Data Security…
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Dec 08, 2021
BANGKOK — Facebook's parent company Meta said Wednesday it has expanded its ban on postings linked to Myanmar's military to include all pages, groups, and accounts representing military-controlled businesses. It had already banned advertising from such businesses in February. The February action, which also banned military and military-controlled state and media entities from Facebook and…
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Dec 08, 2021
Twitter Inc.'s highest-profile users—those with lots of followers or particular prominence—often receive a heightened level of protection from the social network's content moderators under a secretive program that seeks to limit their exposure to trolls and bullies. Code-named Project Guardian, the internal program includes a list of thousands of accounts most likely to be attacked…
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Dec 07, 2021
Samsung Electronics Co. is combining two of its three business divisions and appointing new leaders to replace its three co-chief executive officers in its biggest management shakeup since 2017. The reorganization, decided under the oversight of de-facto leader and Samsung heir Jay Y. Lee, will see the consumer and mobile divisions merged into a newly…
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Dec 07, 2021
Former President Donald Trump's new media company, Trump Media & Technology Group (TMTG), announced Saturday that it has secured $1 billion in funding from a "diverse group" of institutional investors ahead of going public via a special purpose acquisition company (SPAC)—a shell company set up for the sole purpose of raising money to acquire another…
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Dec 07, 2021
As debates about cryptocurrency regulation continue to be waged around the world, six key executives will attempt to defend the rapidly growing field before Congress on Wednesday.
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Dec 06, 2021
The decision follows a string of scandals involving foreign governments allegedly abusing technology developed by Israeli firms to spy on civilians
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Dec 06, 2021
Starting Monday, DoorDash is offering grocery delivery in 15 minutes or less in the Chelsea neighborhood in New York. But instead of the army of gig workers it typically relies on to fulfill orders, DoorDash is forming a new company — called DashCorps — to employ couriers to handle the deliveries. Unlike DoorDash's gig workers,…
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Dec 06, 2021
In 1907, statistician Francis Galton observed something strange at a county fair: Attendees were participating in a game where they guessed the weight of an ox, with the closest answer to the truth winning a prize. To Galton's surprise, while the guesses of the individual attendees varied wildly, the average of the crowd's guesses was…
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Dec 02, 2021
Independent musicians like Daniel Allan are turning to NFTs in the hopes of carving out a living outside of the record label system
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Dec 01, 2021
Deep partisan divisions are hampering any legislative or regulatory reforms to hold tech platforms accountable
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Dec 01, 2021
Meta said it removed a China-based network of more than 500 Facebook accounts
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Dec 01, 2021
Creators are bumping up against the limits of the platforms they use
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Nov 30, 2021
It's the first time a Big Tech firm has been ordered by regulators in Europe and the U.S. to undo an acquisition rather than pay a hefty fine.
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Nov 29, 2021
Jack Dorsey, the co-founder and chief executive officer of Twitter Inc., is stepping down, according to a person familiar with the situation. Dorsey, 45, is also the head of payments company Square Inc. and has been taking an increasing interest in cryptocurrencies recently. CNBC reported the news earlier Monday, without providing any other details. Twitter…
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Nov 29, 2021
Jack Dorsey, the co-founder and chief executive officer of Twitter Inc., is stepping down, ceding the position to the company's chief technology officer Parag Agrawal. The move is effective immediately, though Dorsey will stay on the board of the social media company until his term expires in 2022, Twitter said in a statement Monday. "I've…
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Nov 26, 2021
So there's plenty that the current builders of the metaverse can learn from Second Life, both for better and worse.
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Nov 23, 2021
Santa's Club is on track to set up thousands of video visits this year
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Nov 22, 2021
Programs like Afterpay, Affirm and Klarna give shoppers the option of splitting the cost of purchases into equal installment payments
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Nov 22, 2021
Blowing the whistle against a multibillion-dollar tech company is no small feat
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Nov 19, 2021
On Nov. 9, Cuban journalist Elaine Diaz was trying to send out a newsletter to the subscribers of Periodismo de Barrio, her watchdog news site covering human rights issues on the island, when she got an error message on her screen. The U.S.-based service she had been using, MailChimp, had suddenly and unexpectedly eliminated her…
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Nov 19, 2021
A group of state attorneys general are investigating the photo-sharing platform Instagram and its effects on children and young adults, saying its parent company Facebook — now called Meta Platforms — ignored internal research about the physical and mental health dangers it posed to young people. The investigation is led by a bipartisan coalition of…
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Nov 19, 2021
Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making behind-the-scenes decisions about their careers. A bill passed by the city council in early November would ban employers from using automated hiring tools…
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Nov 18, 2021
Whether you've got the holiday bug or not, supply-chain problems across sectors means you probably needed to start your holiday shopping yesterday. But buying a gift for someone who is already on the cutting edge of nerdiness might be a bit more difficult. That's what this gift guide is for, shopping for every kind of…
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Nov 18, 2021
I'd like to define the metaverse, for the purposes of this newsletter, as the ways in which our physical and digital selves are becoming increasingly blurred
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Nov 17, 2021
The lawsuit is another example of the sometimes fraught way in which the concept of NFT ownership has collided with existing copyright law.
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Nov 17, 2021
Apple Inc. will begin making parts and tools available for customers to fix their own devices, a significant shift in longstanding policies
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Nov 15, 2021
At 10:16pm on October 7, a cluster of nineteen Twitter accounts shared identical opinions about the upcoming presidential election in Honduras at the exact same second. Claiming to be supporters of opposition candidate Xiomara Castro, they all falsely suggested Castro might join forces with Yani Rosenthal, another candidate who had just returned to the country…
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Nov 15, 2021
When Cathy Hackl's son wanted to throw a party for his 9th birthday, he didn't ask for favors for his friends or themed decorations. Instead, he asked if they could hold the celebration on Roblox. On the digital platform, which allows users to play and create a multitude of games, Hackl's son and his friends…
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Nov 15, 2021
Assembly line workers at the Thomas Built school bus factory in High Point, North Carolina are over the moon about the new infrastructure bill—specifically Title XI, Section 71101. Buried deep in the 2,702-page document approved by the House last week, that line item allocates federal funds to help localities purchase brand-new battery-powered school buses. That's…
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Nov 14, 2021
(To receive weekly emails of conversations with the world's top CEOs and business decisionmakers, click here.) With a global community of donors who've raised over $15 billion, GoFundMe pays close attention to what helps people feel comfortable seeking assistance. That also happens to be one of CEO Tim Cadogan's missions within the company: Communicating that…
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Nov 12, 2021
Worry about the concentration of wealth and power achieved by monopolistic—or potentially monopolistic—entities have always been wrapped up in each respective era's technological innovations. It is not surprising then that the focal point of today's debate around antitrust reform is the size and scope of internet giants like Google, Facebook (Meta Platforms, Inc.), Amazon and…
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Nov 10, 2021
In May 2019, a video purporting to show House Speaker Nancy Pelosi inebriated, slurring her words as she gave a speech at a public event, went viral on Facebook. In reality, somebody had slowed the footage down to 75% of its original speed. On one Facebook page alone, the doctored video received more than 3…
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Nov 10, 2021
Britain's Prince Harry has sharply attacked the failure of social media companies to challenge hate online, revealing that he warned the chief executive of Twitter ahead of the Jan. 6 Capitol riots that the site was being used to stage political unrest. Harry made the comments Tuesday in an online panel on misinformation in California.…
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Nov 10, 2021
Every year, TIME highlights inventions that are making the world better, smarter and a bit more fun. (See last year's list here.) To assemble our list of 2021's Best Inventions, we solicited nominations across a variety of categories from TIME's editors and correspondents around the world, and through an online application process. We then evaluated…
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Nov 09, 2021
This week, electric vehicle maker Rivian is expected to throw its hat in the ring with a major IPO that could affect both the EV landscape and the way the world's largest online retailer gets its packages to your door. Rivian has already raised around $11 billion in private capital, with the majority arriving in…
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Nov 09, 2021
(LONDON, Ky.) — A 16-year-old girl held captive by a 61-year-old man was rescued on an interstate highway in Kentucky after another driver noticed her using a distress signal with her hand that was made popular on TikTok, law enforcement officials said. The girl's parents reported their daughter missing from Asheville, North Carolina, last week.…
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Nov 09, 2021
At NFT.NYC, the crypto world showed off its wealth—and set its stake in the culture
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Nov 09, 2021
At NFT.NYC, the crypto world showed off its wealth—and set its stake in the culture
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Nov 05, 2021
At the age of 98, former Secretary of State Henry Kissinger has a whole new area of interest: artificial intelligence. He became intrigued after being persuaded by Eric Schmidt, who was then the executive chairman of Google, to attend a lecture on the topic while at the Bilderberg conference in 2016. The two have teamed…
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Nov 05, 2021
Leaked internal documents revealed that Facebook—rebranded as Meta—struggled to contain hate speech and misinformation, and contributed to teen body image issues.
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Nov 04, 2021
The news comes as ransomware attacks have exploded, with breaches affecting vital infrastructure and global corporations
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Nov 03, 2021
Ranging from graphic violence to nudity to hate speech
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Nov 03, 2021
(RICHMOND, Va.) — The Biden administration announced Wednesday it is putting new export limits on two Israeli hacker-for-hire companies—including the well-known spyware company NSO Group—saying their tools have been used to "conduct transnational repression." Based on leaked targeting data, findings by a global media consortium earlier this year provided evidence that the spyware from NSO…
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Nov 03, 2021
Darren Woods carefully read his opening statement when he testified via video link in U.S. Congress last week, only occasionally looking up to make eye contact. Later that day, the ExxonMobil CEO made headlines when he stated that the company "does not spread disinformation regarding climate change.? Speaking under oath before a House Oversight Committee…
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Nov 02, 2021
The news comes one year after use of the technology led to a legal settlement that cost the company $650 million
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Nov 02, 2021
The withdrawal is largely symbolic as at least some of Yahoo's services, including its web portal, have been blocked in the country.
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Nov 02, 2021
Amazon's squadron of delivery drones was supposed to be in full flight by now. And the fall of 2021 would have been an opportune time to have little automated flying machines delivering packages to customers—what with all the trouble human workers are causing around the country with strikes and labor shortages. Amazon announced an experimental…
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Nov 02, 2021
Amazon's squadron of delivery drones was supposed to be in full flight by now. And the fall of 2021 would have been an opportune time to have little automated flying machines delivering packages to customers—what with all the trouble human workers are causing around the country with strikes and labor shortages. Amazon announced an experimental…
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Nov 01, 2021
Facebook is aware of the danger and prevalence of the Love Jihad conspiracy theory on its platform but has done little to act on it, according to internal Facebook documents and former employees
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Oct 31, 2021
(To receive weekly emails of conversations with the world's top CEOs and business decisionmakers, click here.) In today's youth-centric tech industry, Michael Dell, at 56, is somewhat of an elder statesman. The Dell Technologies chief executive occasionally hosts dinners for young entrepreneurs at his Austin, Tex., home, where guests seek out his advice on matters…
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Oct 28, 2021
On Thursday, at Facebook's annual developer-focused Connect conference, keynote speaker and Facebook CEO Mark Zuckerberg took the stage—a virtual home—to announce the company's latest update, along with a name change reflecting its new ambitions. The new name: Meta. But what about the Facebook name, originally derived from its first iteration, FaceMash, in 2003? "Increasingly it…
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Oct 28, 2021
On Thursday, at Facebook's annual developer-focused Connect conference, keynote speaker and Facebook CEO Mark Zuckerberg took the stage—a virtual home—to announce the company's latest update, along with a name change reflecting its new ambitions. The new name? Meta. But what about the Facebook name, originally derived from its first iteration, FaceMash, in 2003? "Increasingly it…
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Oct 27, 2021
Internal documents paint a unique picture of the internal culture at Facebook
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Oct 27, 2021
Facebook's own internal, automated controls predicted with almost 90% certainty that Trump's message broke rules against inciting violence
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Oct 26, 2021
The tech companies insisted that their platforms already are complying with the proposed restrictions
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Oct 26, 2021
Facebook shelved some suggestions from the internal study, while other changes were made in April
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Oct 26, 2021
Haugen is seeking to ensure new laws around the world reflect the internal reality of how social media companies work
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