By
Debra KaufmanAugust 28, 2020
The White House is planning a $1+ billion, five-year investment to fund 12 new research facilities on artificial intelligence, 5G, quantum information sciences and other emerging technologies. Federal agencies such as the National Science Foundation and the U.S. Department of Agriculture will collaborate with private partners including major tech companies such as International Business Machines, Microsoft and others. The Trump administration proposes to spend 30 percent more on these technologies in the 2021 nondefense budget. Read more
By
Debra KaufmanAugust 27, 2020
U.S. District Judge Yvonne Gonzalez Rogers ruled that Epic Games can maintain access to Apple’s Developer Tools but that its game “Fortnite” will stay out of its App Store. “Apple has chosen to act severely, and by doing so, has impacted non-parties, and a third-party developer ecosystem,” wrote the judge. Epic Games founder and chief executive Tim Sweeney is battling Apple and Google over their app store commissions. Apple’s response to the ruling was to state it looked “forward to making our case to the court in September.” Read more
By
Debra KaufmanAugust 27, 2020
Amazon built its largest office building in the world in Hyderabad, a city of 10 million in southern India also known as Asia’s Silicon Valley. Amazon spokesperson Minari Shah said, “Hyderabad is a known software tech talent center, and the government has been an enabler for us to have a campus this size.” Apple, Facebook, Google and Microsoft also have bases in that city. In the United States, Amazon said it will hire 3,500 white-collar employees, including 2,000 in New York, continuing with plans it made prior to the COVID-19 outbreak. Read more
By
Debra KaufmanAugust 27, 2020
Next Tuesday, Facebook will begin the global rollout of a new tab in its main app called Facebook Shop, which allows users to browse product catalogs and buy items directly on the social media platform. The new feature, previously in beta with a small group of U.S. users, joins a similar feature launched on Instagram last month. Prior to Facebook Shop, businesses could add catalogs to their Facebook pages, but the new feature is a dedicated marketplace for multiple retailers. Instagram’s Checkout feature will also soon be broadly available. Read more
By
Debra KaufmanAugust 26, 2020
On Friday, Solstice Studios’ “Unhinged,” a $33 million psychological thriller starring Russell Crowe, enjoyed a wide release in 1,823 locations across the country. Because most theaters are operating at 50 percent capacity due to the coronavirus pandemic, opening weekend box office was modest — $4 million — but considered a success given the unique circumstances. Solstice Studios chief executive Mark Gill predicted that “Unhinged” will earn “at least $30 million” in North America. The movie has already generated $8 million internationally. Read more