Technology Platform News

Ongoing news coverage and industry commentary for technology platforms, ranging from cyber-security through to cryptocurrency and beyond.

FBI

FBI to form digital currency unit, Justice Dept taps new crypto czar

The US Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced that the FBI is launching a unit f...

nvidia chipmaker

Nvidia gives an upbeat revenue forecast

Nvidia Corp has forecast current-quarter revenue above analysts’ estimates, banking on strong demand for data centers.

Platform news: Artificial intelligence AI

Europe’s bid for AI standard faces long road, EU lawmakers say

Europe’s effort to set a standard for artificial intelligence will likely take more than a year, with the debate focusing on whether facial recognition should be banned and w...

Platform News: Amazon

Third Point sees more value in Amazon, likes some ‘old’ tech stocks

Hedge fund Third Point LLC said it added new positions and bulked up on names it already owned when markets sold off earlier this year and said that Amazon is at an “inflecti...

Platform News: Tim Cook CEO of Apple

ISS urges Apple shareholders to vote against CEO Cook’s bonus

Proxy advisory firm Institutional Shareholder Services (ISS) urged Apple Inc investors to vote against Chief Executive Officer Tim Cook’s remuneration, citing concerns around...

Platform News: Disney+ streaming service

Disney names executive to oversee metaverse strategy

The Walt Disney Co has appointed an executive to oversee its metaverse strategy, according to an email Disney Chief Executive Bob Chapek sent to staff Tuesday and seen by journalis...

Platform News: President Donald J Trump

How a China-based dealmaker got shell company for Trump’s deal off the ground

A China-based financier, once reprimanded by US regulators and barred from taking his company public, played a bigger role than is publicly known in the shell company that agreed t...

Chinese Flag

China revises draft rules on data security for business sectors

China’s industry ministry published revisions to draft rules dictating how companies and localities should manage data, bringing more specificity to the country’s evolv...

Crypto Coins

Global regulators going ‘full steam’ to tame crypto currencies

Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official has ...

Meta Platforms - Facebook

Meta and Chime file lawsuit against alleged phishing scam

Meta Platforms has said it has filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and ...

Platform News: SoftBank Group CEO

SoftBank’s choice of New York for Arm listing deals a blow to London

SoftBank’s decision to list famed UK chip designer Arm is good news for New York, bad news for London and perhaps the best option left for the Japanese group after the collap...

nvidia chipmaker

SoftBank’s sale of Arm to Nvidia to collapse?

SoftBank Group Corp’s sale of Arm Ltd to US chipmaker Nvidia Corp has collapsed, a source familiar with the matter told journalists, adding that Arm will plan for an IPO.

Platform News: Amazon packages ready for delivery

Tech, growth shares shine in Amazon-led rebound after Meta rout

Growth and technology stocks rebounded late last week, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong US employment number that propelled Tre...

Platform News: Amazon

Amazon trots out YouTube-sized advertising business

Amazon pulled the veil off its sprawling advertising business for the first time, revealing a business larger than that of Google’s YouTube.

Facebook is Meta

Meta’s share price wipe-out shakes world tech stocks

Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a US company, after the social media giant issued a dismal forecast, blami...