Paddy Cosgrave, the CEO and co-founder of Web Summit, a highly anticipated annual tech conference, has resigned from his position following controversy surrounding his comments on the Israel-Hamas war. The controversy led to the cancellation of attendance by major tech giants including Alphabet (parent company of Google), Meta (formerly known as Facebook), and Amazon. In…
Former FTX CEO Sam Bankman-Fried, who is currently facing fraud charges over the collapse of the bankrupt cryptocurrency exchange, was compared to a scene from the movie “Dumb and Dumber” by prosecutors in the ongoing criminal trial. Prosecutors criticized several of the jury instructions provided by the defense team, specifically highlighting a directive that drew…
Taiwan Semiconductor Manufacturing Company (TSMC) reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday amid weak demand for consumer electronics. Despite the second straight quarter of profit declines, TSMC exceeded analyst expectations. In terms of revenue, TSMC generated 546.73 billion New Taiwan dollars ($17.28 billion), surpassing the estimated 540.39 billion…
Google News Division Faces Job Cuts Amid Increasing Misinformation Challenges In a significant downsizing move, Google has cut jobs in its news division, according to sources. The layoffs come at a time when online platforms and publishers are already facing challenges in combating the spread of misinformation. While the exact number of job cuts is…
Tech giants like Google, Apple, and Amazon may see a delay in major tech antitrust legislation if Republican Rep. Jim Jordan of Ohio is elected as the speaker of the House, according to political strategists and industry lobbyists. They believe that if Jordan becomes the Speaker, Congress is unlikely to take any action against big…
Former FTX engineering chief, Nishad Singh, testified in court on Monday about his one-on-one meetings with Sam Bankman-Fried, the founder of the crypto firm. Singh revealed that he had rare face-to-face discussions with Bankman-Fried to discuss the dire financial situation of FTX. Singh, who had previously worked with Alameda Research before joining FTX, asked for…
