Category: Business

Silicon Valley Bank’s collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. “They were the gold standard, it almost seemed weird if you were in tech and didn’t have a Silicon Valley Bank account,” Stefan Kalb, CEO of Seattle startup Shelf Engine, said during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration's move guaranteeing all Silicon Valley Bank’s deposits above the insured limit of $250,000 per account resulted in a “palpable sigh of relief” in Israel, where its booming tech sector is “connected with an umbilical cord to Silicon…

Boeing structural analysis engineer George Ndayizeye, who grew up in Burundi, has won a 2023 Black Engineer of the Year Legacy Award. He spoke with VOA’s Natasha Mozgovaya outside Seattle. ...

A global shortage of semiconductor chips in the automotive industry starting in 2020 has motivated many countries to increase their domestic manufacturing. The United States has allocated more than $50 billion to promote semiconductor production and research stateside as the global need for the chips is expected to double over the next decade. Keith Kocinski has more from New York. Camera: Keith Kocinski and Rendy Wicaksana ...

China’s government on Thursday criticized the Netherlands for joining Washington in blocking Chinese access to technology to manufacture advanced processor chips on security and human rights grounds. A Dutch minister told lawmakers Wednesday that exports of equipment that uses ultraviolet light to etch circuits on chips would be restricted on security grounds. ASML of the Netherlands is the only global supplier. Industry experts say a lack of access to ASML's most advanced technology is a serious handicap for China's efforts to develop its own chip industry. Washington in October blocked Chinese access to U.S. tools to make advanced chips that it said might be used in weapons or in equipment for the ruling Communist Party's surveillance apparatus. The Biden administration is lobbying European and Asian allies to tighten their own…

The Netherlands' government on Wednesday said it planned new restrictions on exports of semiconductor technology to protect national security, joining the United States’ effort to curb chip exports to China.  The U.S. in October imposed sweeping export restrictions on shipments of American chipmaking tools to China, but for the restrictions to be effective, they need other key suppliers in the Netherlands and Japan, who also oversee key chipmaking technology, to agree. The allied countries have been in talks on the matter for months.  Dutch Trade Minister Liesje Schreinemacher announced the decision in a letter to parliament, saying the restrictions would be introduced before the summer.  Her letter did not name China, a key Dutch trading partner, nor did it name ASML Holding NV, Europe's largest tech firm and a major…

Drones are routinely used in warfare, law enforcement and agriculture. Now more and more U.S. businesses are using them to deliver cookies and coffee right to your front door. VOA’s Julie Taboh has more. Camera: Adam Greenbaum, Chad Baugh  ...

Add a top U.S. intelligence official to the list of Americans expressing concern about Chinese-made technology and Chinese social media platforms like TikTok.  General Paul Nakasone, who heads both the U.S. Cyber Command and the National Security Agency, told lawmakers Tuesday there are multiple reasons to be wary of China’s rapid expansion in cyberspace, calling Beijing "a very formidable foe." "TikTok concerns me for a number of different reasons," Nakasone said during a Senate Armed Services Committee hearing. "One is that the data that they have. Secondly is the algorithm and the control. Who has the algorithm?"   Third, he said, "is the broad platform" both for unleashing potential influence operations but also for the ability to give China a way to "turn off the message."  Last month, the United States…

U.S. National Security Agency director Paul Nakasone on Tuesday expressed concern about Chinese-owned video app TikTok's data collection and potential to facilitate broad influence operations. In response to a lawmaker's question about any concerns he has on the influence of TikTok on American children, Nakasone told a Senate hearing, "TikTok concerns me for a number of different reasons." Nakasone said his concerns include "the data that they have." "Secondly is the algorithm and the control of who has the algorithm," Nakasone added. Nakasone ended his comments by asserting that the TikTok platform could enable sweeping influence operations. Nakasone said his concern is not only the fact that TikTok can proactively influence users, but also its ability to "turn off the message," and noted its large number of users. The app…

Japan's new medium-lift rocket failed on its debut flight in space on Tuesday after the launcher's second-stage engine did not ignite as planned, in a blow to its efforts to cut the cost of accessing space and compete against Elon Musk's SpaceX.  The 57-metre tall H3 rocket lifted off without a hitch from the Tanegashima space port, a live-streamed broadcast by the Japan Aerospace Exploration Agency (JAXA) showed.  But upon reaching space, the rocket's second-stage engine failed to ignite, forcing mission officials to manually destroy the vehicle.  "It was decided the rocket could not complete its mission, so the destruct command was sent," a launch broadcast commentator from JAXA said. "So what happened? It's something we will have to investigate looking at all the data."  The failed attempt followed an…

A group of attorneys general from 45 U.S. states and Washington, D.C., demanded Monday that social media app TikTok produce materials as part of an investigation into its effect on young users’ mental health.    “We know that social media is taking a devastating toll on young people’s mental health and well-being, and through our investigation we are getting a clearer sense of TikTok’s role,” California Attorney General Rob Bonta said in a statement.    The investigation began last year when eight states, including California, Massachusetts and Tennessee, launched a bipartisan probe of TikTok, focusing on whether the popular video-sharing app is endangering young people and violating state consumer protection laws.     On Monday, Tennessee Attorney General Jonathan Skrmetti asked a Tennessee court to order TikTok to produce subpoenaed materials sought by the…

Twitter users reported a string of problems with the social media site on Monday, including broken links and images not loading. The company's tech support account said in a tweet, "Some parts of Twitter may not be working as expected right now. We made an internal change that had some unintended consequences. We're working on this now and will share an update when it's fixed." Twitter's billionaire owner, Elon Musk, tweeted Monday: "This platform is so brittle (sigh). Will be fixed shortly."  The problems appeared to be resolved about an hour after they began. "Things should now be working as normal," the company tweeted around 1 p.m. Eastern time. The glitches started around midday Monday, with users around the world saying they were unable to read links to articles from…

Only a third of people in the world's poorest countries can connect to the internet, the U.N. telecoms agency said Sunday, but low-flying satellites could bring hope to millions, especially in remote corners of Africa. Tech giants including Microsoft have pledged to help populations hobbled by poor internet services to "leapfrog" into an era of online connectivity, with satellites set to play a key role as rival firms send thousands of new generation transmitters into low level orbit. At the moment just 36% of the 1.25 billion people in the world's 46 poorest countries can plug into the internet, the International Telecommunication Union said. By comparison, more than 90 percent have access in the European Union. The ITU condemned the "staggering international connectivity gap" that it said had widened over…

The Biden administration is pushing for more comprehensive federal regulations to keep the online realm safer against hackers, including by shifting cybersecurity responsibilities away from consumers to industry and treating ransomware attacks as national security threats. The plan is part of the National Cyber Strategy that the administration released Thursday, outlining long-range goals for how individuals, government and businesses can safely operate in the digital world. This includes placing the burden on the computer and software industry to develop “secure by design” products that are purposefully designed, built and tested to significantly reduce the number of exploitable flaws before they're introduced into the market. The strategy “fundamentally reimagines America's cyber social contract” and will “rebalance the responsibility for managing cyber risk onto those who are most able to bear it,”…

Ethiopia's hydropower dam on the Blue Nile River has angered downstream neighbors, especially Sudan, where people rely on the river for farming and other livelihoods. To reduce the risk of conflict, a group of scientists has used artificial intelligence, AI, to show how all could benefit. But getting Ethiopia, Sudan, and Egypt to agree on an AI solution could prove challenging, as Henry Wilkins reports from Khartoum, Sudan. ...

The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. goods and technology to blacklisted Chinese companies in the first quarter of 2022, a Republican lawmaker said Tuesday. The data comes amid growing pressure on the administration of Democratic President Joe Biden to further expand a broad crackdown on shipments of sensitive U.S. technology to China from Republican lawmakers, who now control the House of Representatives. “Overwhelmingly, [the Commerce Department] continues to grant licenses that allow critical U.S. technology to be sold to our adversaries,” Republican Representative Michael McCaul, chair of the House of Representatives Foreign Affairs Committee, said at a hearing on combating the generational challenge of Chinese aggression, as he grilled U.S. officials for allowing the licenses to be approved. “How does…

Mexico's president announced Tuesday that electric car company Tesla has committed to building a major plant in the industrial hub of Monterrey in northern Mexico. President Andrés Manuel Lopez Obrador said the promise came in phone calls he had Friday and Monday with Tesla head Elon Musk. It would be Tesla's third plant outside the U.S., after one in Shanghai and one near Berlin. Lopez Obrador had previously ruled out such a plant in the arid northern state of Nuevo Leon, where Monterrey is the capital, because he didn't want water-hungry factories in a region that suffers water shortages. But he said Musk's company had offered commitments to address those concerns, including using recycled water. "There is one commitment that all the water used in the manufacture of electric automobiles…

Holding the bulky brick cellphone he’s credited with inventing 50 years ago, Martin Cooper thinks about the future. Little did he know when he made the first call on a New York City street from a thick gray prototype that our world — and our information — would come to be encapsulated on a sleek glass sheath where we search, connect, like and buy. He's optimistic that future advances in mobile technology can transform human lives but is also worried about risks smartphones pose to privacy and young people. “My most negative opinion is we don’t have any privacy anymore because everything about us is now recorded someplace and accessible to somebody who has enough intense desire to get it,” the 94-year-old told The Associated Press at MWC, or Mobile…

Europe's existing telecom networks aren't up to the job of handling surging amounts of internet data traffic, a top European Union official said Monday, as he defended a consultation on whether Big Tech companies should help pay for upgrades. The telecom industry needs to reconsider its business models as it undergoes a “radical shift” fueled by a new wave of innovation such as immersive, data-hungry technologies like the metaverse, Thierry Breton, the European Commission's official in charge of digital policy, said at a major industry expo in Barcelona called MWC, or Mobile World Congress. Breton's remarks came days after he announced a consultation on whether digital giants should help contribute to the billions needed to build the 27-nation bloc's future communications infrastructure, including next-generation 5G wireless and fiber-optic cable connections,…

A top U.S. cybersecurity official launched a warning shot at major technology companies, accusing them of "normalizing" the release of flawed and unsafe products while allowing the blame for safety issues, security breaches and cyberattacks to fall on their customers. Cybersecurity and Infrastructure Security Agency (CISA) Director Jen Easterly called Monday for new rules and legislation to hold technology and software companies accountable for selling products that she says are released despite known vulnerabilities. While massive hacking campaigns by China and other adversaries, including Russia, Iran and North Korea, are a major problem, "cyber intrusions are a symptom rather than a cause," Easterly told an audience at Carnegie Mellon University in Pittsburgh. "The cause, simply put, is unsafe technology products," she said. "The risk introduced to all of us by…

Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, the New York Times reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October.  The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online, the NYT report said, citing people familiar with the matter.  Twitter did not immediately respond to a Reuters request for comment.  The company has a headcount of about 2,300 active employees, according to Musk last month.  The latest job cuts follow a mass layoff in early November, when Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who had acquired the company…

NASA and SpaceX postponed a planned Monday launch of a four-member crew to the International Space Station due to a ground systems issue.  The decision came less than three minutes before the spacecraft was due to lift off from NASA's Kennedy Space Center in Cape Canaveral, Florida.  A backup launch date had already been set for early Tuesday.  The four-person crew includes two Americans, one Russian and one astronaut from the United Arab Emirates.  NASA said their planned six-month mission includes a range of scientific experiments including studying how materials burn in microgravity, collecting microbial samples from outside the space station and “tissue chip research on heart, brain, and cartilage functions.”  ...

Mexico is undergoing a fevered competition among states to win a potential Tesla facility in jostling reminiscent of what happens among U.S. cities and states vying to win investments from tech companies. Mexican governors have gone to extremes, like putting up billboards, creating special car lanes or creating mock-ups of Tesla ads for their states. And there's no guarantee Tesla will build a full-fledged factory. Nothing is announced, and the frenzy is based mainly on Mexican officials saying Tesla boss Elon Musk will have a phone call with Mexican President Andrés Manuel López Obrador. The northern industrial state of Nuevo Leon seemed to have an early edge in the race. It painted the Tesla logo on a lane at the Laredo-Colombia border crossing into Texas last summer and is erecting…

The latest folding-screen smartphones, immersive metaverse experiences, AI-powered chatbot avatars and other eye-catching technology are set to wow visitors at the annual MWC wireless trade fair that kicks off Monday. The four-day show, held in a vast Barcelona conference center, is the world's biggest and most influential meeting for the mobile tech industry. The range of technology set to go on display illustrates how the show, also known as Mobile World Congress, has evolved from a forum for mobile phone standards into a showcase for new wireless tech. Organizers are expecting as many as 80,000 visitors from as many as 200 countries and territories as the event resumes at full strength after several years of pandemic disruptions. Here's a look at what to expect: Metaverse There was a lot of…

Google is blocking some Canadian users from viewing news content in what the company said is a test run of a potential response to a Canadian government's online news bill. Bill C-18, the Online News Act, would require digital giants such as Google and Meta, which owns Facebook, to negotiate deals that would compensate Canadian media companies for republishing their content on their platforms. The company said it is temporarily limiting access to news content for under 4% of its Canadian users as it assesses possible responses to the bill. The change applies to its ubiquitous search engine as well as the Discover feature on Android devices, which carries news and sports stories. All types of news content are being affected by the test, which will run for about five…

People generate more than 50 million tons of electronic waste every year, including copiers, televisions, and computers. Laptops are part of the problem, but engineers at Dell Technologies are working on a new approach to help keep them out of landfills. Tina Trinh reports. Camera: Deana Mitchell ...

Participants at a global U.N. conference in France's capital on Wednesday urged the international community to find better safeguards against online disinformation and hate speech. Hundreds of officials, tech firm representatives, academics and members of civil society were invited to the two-day meeting hosted by the United Nation's cultural fund to brainstorm how to best vet content while upholding human rights. "Digital platforms have changed the way we connect and face the world, the way we face each other," UNESCO Director-General Audrey Azoulay said in opening remarks. But "only by fully evaluating this technological revolution can we ensure it is a revolution that does not compromise human rights, freedom of expression and democracy." UNESCO has warned that despite their benefits in communication and knowledge sharing, social media platforms rely on…

The Supreme Court is taking up its first case about a federal law that is credited with helping create the modern internet by shielding Google, Twitter, Facebook and other companies from lawsuits over content posted on their sites by others.  The justices are hearing arguments Tuesday about whether the family of an American college student killed in a terrorist attack in Paris can sue Google for helping extremists spread their message and attract new recruits.  The case is the court's first look at Section 230 of the Communications Decency Act, adopted early in the internet age, in 1996, to protect companies from being sued over information their users post online.  Lower courts have broadly interpreted the law to protect the industry, which the companies and their allies say has fueled…

Two Russian cosmonauts and an American astronaut will remain aboard the International Space Station for an extra six months because of damage to their Russian spacecraft. Sergey Prokopyev, Dmitry Petelin and Frank Rubio were set to end their six-month stay aboard the ISS in late March, but the Russian space agency Roscosmos said Tuesday the trio will have to remain on the orbital outpost until September. The Soyuz MS-22 capsule that carried the crew to the ISS last September has been leaking coolant since mid-December, which both Roscosmos and the U.S. space agency NASA have blamed on a micrometeoroid, or space rock, that struck the capsule. Russia had planned to send an unmanned Soyuz capsule to the ISS earlier this month to bring the crew home, but the launch of…