With the coronavirus pandemic spurring online buying, Amazon saw its revenue for the quarter ending March rise 26 percent from a year earlier to $75.5 billion — the highest ever reached for what is ordinarily Amazon’s slowest quarter. According to FactSet, profit fell 29 percent from a year earlier to $2.5 billion, disappointing analysts’ average estimate of $3.26 billion. Amazon hired 175,000 new warehouse and delivery employees, and chief executive Jeff Bezos told investors this is “the hardest time” the company has faced. Continue reading Amazon: Rising Revenue and Technical Operation Challenges

Scientists to Stop COVID-19 is a group of top U.S. scientists, industry leaders and billionaires who have come together to examine unorthodox potential cures from around the world. The group is led by venture capitalist Tom Cahill, a 33-year-old physician whose connections to the Trump administration helps the group act as a go-between it and pharmaceutical companies. Scientists to Stop COVID-19 describes itself as a modern-day Manhattan Project, the World War II group of scientists who helped develop the atomic bomb. Continue reading Scientists and Investors Join Forces to Find COVID-19 Cure

U.S. District Court for the District of Columbia judge Timothy Kelly approved a deal reached last summer whereby Facebook will pay a $5 billion fine to settle with the Federal Trade Commission over privacy violations related to the Cambridge Analytica scandal. Facebook will also be restricted in some of its business decisions and will be subject to ongoing oversight. Facebook chief privacy officer for product Michel Protti noted that the agreement “has already brought fundamental changes to our company.” Continue reading Judge Greenlights Facebook’s $5B Agreement with the FTC

Movie theater owners have started the conversation about when to reopen, even if new Hollywood movies won’t debut until mid-July. Although they are financially struggling, owners fear that opening up too soon could risk branding their theaters as dangerous places. That dilemma has suddenly become very real in Georgia, where the governor okayed the reopening of theaters on April 27, much to the dismay of many smaller operators who stated they do not plan to do so. The major movie chains there, however, haven’t weighed in. Continue reading Movie Theater Owners Ponder How, When to Reopen Safely

As Americans stay home during the coronavirus pandemic, Republican and Democratic lawmakers are revisiting the issue of closing the digital divide, as part of an effort to spur economic recovery and improve the U.S. competitive edge. House communications and technology subcommittee chair Mike Doyle (D-Pennsylvania) noted that, “having affordable broadband — it’s not a luxury, it’s a necessity.” Both parties have stated interest in pushing legislation, noting that the pandemic gave impetus to the issue. Continue reading Coronavirus Unites Washington Over Affordable Broadband

Microsoft and the National Basketball Association have inked a multiyear deal to build a consumer-facing digital platform to debut with the 2020-2021 season. The NBA will utilize the tech company’s Azure cloud computing and artificial intelligence capabilities to customize games and experiences. The deal’s terms were not revealed, but it covers all NBA properties including the Women’s National Basketball Association and USA Basketball. To win the deal, Microsoft bested cloud competitors Amazon and Google. Continue reading Microsoft and NBA Sign Multiyear Deal for AI, Cloud Services

The U.S. has long been dominant in technology, but China, the world’s second largest economy, has made huge investments in several sectors, threatening American hegemony. The Trump administration is battling that with tariffs and export controls and is currently considering ways to hinder China from making its own high-end semiconductors. That’s one of the technologies at stake, in addition to 5G, artificial intelligence, quantum computing and autonomous vehicles. China also aims to control international tech standards. Continue reading China Battles for Dominance in Tech Sectors, Standardization

Long-time rivals Apple and Google joined forces to build software into smartphones that would alert people who have recently been in contact with someone infected with the coronavirus. Users will have to opt-in to use the tool, which will be ready to release in “several months” and enable smartphones to “constantly log other devices they come near,” to accomplish what is called contact tracing. It also relies on a user’s voluntary report of having become infected. The two companies said they teamed-up in the last two weeks. Continue reading Rivals Apple and Google Collaborate on Contact-Tracing Tool

The Trump administration wants to revoke licenses used by China Telecom’s U.S. subsidiary to act as a common carrier, connecting domestic and international networks. The U.S. Department of Justice, leading the departments of Defense and Homeland Security, requested that the FCC permanently rescind these licenses. The administration stated that China’s technology interests are a threat to U.S. security. Citing the same concerns, U.S. gave Google permission to open a high-speed Internet link to Taiwan but not Hong Kong. Continue reading U.S. Moves to Hinder China Telecom and Links to Hong Kong

U.S. Commerce Secretary Wilbur Ross is about to sign off on changes to export controls on the sale of some semiconductors and other high-tech gear to China. In response, nine industry groups — including the Semiconductor Industry Association, the National Foreign Trade Council, and SEMI — urged him to allow for public comment and stressed the role semiconductors play in “the functionality in advanced medical equipment used by health professionals to treat the public,” the latter a reference to COVID-19. Continue reading Semiconductor Industry Is Questioning U.S. Export Controls

With movie theaters shuttered across the U.S. due to the coronavirus, the National Association of Theatre Owners (NATO) asked Congress and the Trump administration for loan guarantees and tax benefits to help pay workers and keep theater chains afloat. The top 10 theater chains in the nation have already or will shut down their theaters, representing 89 percent of U.S. screens. NATO represents 33,000+ screens in all 50 states. The Trump administration is considering similar benefits for the airline industry. Continue reading Coronavirus: Theater Owners Request Government Assistance

The U.S. House of Representatives voted 278 to 136 for the USA FREEDOM Reauthorization Act of 2020, to extend provisions of the Foreign Intelligence Surveillance Act (FISA). This legislation established rules for surveillance and information collection “between foreign powers or agents of foreign powers suspected of espionage or terrorism.” Although the House is led by Democrats, the vote was bipartisan, with 152 Democrats and 226 Republicans approving the act. The measure will now go to the Senate, on recess next week. Continue reading House of Representatives Okays Extension of Surveillance Act

When the Commerce Department banned U.S. manufacturers from selling chips to China’s Huawei Technologies, that company increased its own chipmaking capacity in its semiconductor company HiSilicon. According to U.S.-based Huawei executive Tim Danks, in Q4 the company shipped more than 50,000 5G base stations embedded with its chips, about 8 percent of all base stations it sold up to February this year. Danks reported that, although Huawei is ramping up HiSilicon efforts, it intends to return to U.S. technology when possible. Continue reading Huawei Increases Use of Its Own Chips in 5G Base Stations

The younger demographic that gravitates to TikTok is turning it into a political force, forming political coalitions — called hype houses — for their favored candidates, fact-checking others, posting news updates and commenting in real-time. Hype houses come in conservative, liberal, bipartisan and undecided flavors, and are amassing hundreds of thousands of followers. Reddit chief executive and co-founder Steve Huffman, however, is concerned about TikTok’s privacy policies, calling the app “fundamentally parasitic.” Continue reading TikTok Now Political Forum For Youth, Tech Execs Decry App

Artificial intelligence and quantum computing would be awarded increased funding under the Trump administration’s proposed $4.8 trillion budget. The Defense Department and the National Science Foundation would receive more funds for AI research, and $25 million would go towards the creation of a national “quantum Internet,” aimed at making it more difficult to hack into digital communications. The proposed funding comes at a time that China has prioritized both new technologies, and the U.S. seeks to catch up. Continue reading Trump Administration Plans to Fund AI, Quantum Computing