Monthly Archives: October 2020

Which wins big in earnings?

On Thursday, the four biggest tech companies announce their earnings and tell you a lot about where we are as consumers. For instance, in the last earnings, Amazon and Apple stunned investors by revealing that when the pandemic started, Amazon replaced the neighborhood retail store for many people, as more products than ever were purchased during the crucial March 30 to June 30 time period, when COVID first hit. And as many people were sent home to work and learn, Apple sold more iPhones,… Source link

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NOAA partners with Google on AI — GCN

NOAA partners with Google on AI The National Oceanic and Atmospheric Administration has tapped Google to help apply artificial intelligence and machine learning to its troves of satellite and environmental data. The three-year contract will initially focus on developing small-scale AI/ML systems to advance environmental monitoring, weather forecasting, climate research and technical innovation. Full-scale prototypes… Source link

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Remedies that can sustain search competition in the DOJ case against Google

On October 20, the U.S. Department of Justice filed its long-awaited antitrust suit against Google. Examining possible remedies for the company’s alleged anticompetitive conduct reveals some important lessons for the promotion of competition in digital markets. The first lesson is that it is difficult for antitrust agencies to develop and administer effective measures to promote competition in digital markets that have already tipped to dominant providers. The second is that lawmakers… Source link

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‘Substantial faction’ of NBA players reportedly want season to start in January, not December

Welcome to the “public leaks looking to gain leverage” portion of the negotiation between the NBA players union and the league. Less than a week after NBA team owners talked and decided to push for a Dec. 22 start to the season — putting games on Christmas Day and reportedly generating an extra $500 million in revenue — comes this report that a “substantial faction” of players wants the season to start on Jan. 18, Martin Luther King Jr. Day, reports Chris Haynes at Yahoo Sports.

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Cantwell report warns that Google and Facebook are killing local journalism as CEOs testify at Senate

Sen. Maria Cantwell discusses net neutrality at a 2017 town hall in Seattle. (GeekWire Photo / Monica Nickelsburg) The technology industry is pushing local journalism over the edge, according to a new report from the office of Sen. Maria Cantwell, a Democrat from Washington state. The report released Tuesday predicts that by the end of 2020, newspaper revenue will be down 70% compared to 20 years ago and broadcast revenues will dip more than 40%. The losses have created… Source link

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Internal Google document reveals campaign against EU lawmakers

Google is planning an aggressive campaign targeted against French commissioner Thierry Breton and other regulators in Brussels over their plans to introduce new laws to curb the power of big tech, according to a leaked internal document. The report, written in response to the EU’s plan to introduce a sweeping new Digital Services Act, laid out a two-month strategy intended to remove “unreasonable constraints” to Google’s business model and “reset the political… Source link

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Economic activity likely rose at a record pace after pandemic-induced slump

U.S. economic activity likely surged at a record clip for the July through September period, as an initial easing of virus-related lockdowns allowed business activity to return after a historic slump. The Bureau of Economic Analysis is set to release its advance print on third-quarter gross domestic product (GDP) at 8:30 a.m. ET on Thursday. Here are the main metrics expected from the report, compared to consensus estimates compiled by Bloomberg: 3Q GDP, annualized quarter-over-quarter: 32.0%… Source link

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