Category: Business

Six historically Black universities in five Southern states will be getting the first IBM cybersecurity centers aimed at training underrepresented communities, the company said. The schools are Xavier University of Louisiana, that state's Southern University System, North Carolina A&T, South Carolina State, Clark Atlanta and Morgan State universities, according to a news release Tuesday. "Technology-related services are in constant demand, and cybersecurity is paramount," said Dr. Ray L. Belton, president of the Southern University System based in Baton Rouge. The centers will give students, staff, and faculty access to modern technology, resources, and skills development, said Dr. Nikunja Swain, chair and professor of the Computer Science and Mathematics Department at South Carolina State, in Orangeburg. “It will further enhance our ongoing activities on several key areas, including cybersecurity, data science…

The “metaverse” has been touted as the next digital shift, 3-dimensional online spaces where people will shop, work, play games, and go to concerts. VOA’s Michelle Quinn is looking at what the Metaverse is or might be. VOA footage and video editing by Matt Dibble. ...

Africa, in recent years, has become the new frontier where China and the United States, the world’s two biggest economic superpowers, are competing for influence in a key industry: telecommunications. This week, Ethiopia celebrated the launch of a 5G network powered by China’s telecom giant Huawei in Addis Ababa. Just before that, on a visit to the continent last week, U.S. Deputy Secretary of State Wendy Sherman visited U.S. mobile company Africell’s offices in Angola, where the firm has amassed some 2 million users since it was launched just over a month ago.   “Today in Luanda, I visited @AfricellAo, an innovative, state-of-the-art U.S. company expanding 5G access in Angola with trusted technology components,” she wrote in a tweet. Asked in a subsequent press briefing whether the tweet wasn’t a…

Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk said in a tweet. Shares of the social media company fell 20% in premarket trading. Twitter did not immediately respond to a request for comment. The company had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. It also said it faced several risks until the deal with Musk is closed, including whether advertisers would continue to spend on Twitter. Musk, the world's richest man and the chief executive of Tesla Inc,…

Microsoft co-founder Bill Gates said Tuesday he has tested positive for COVID-19 and is experiencing mild symptoms.  Via Twitter, the billionaire philanthropist said he will isolate until he is again healthy.  "I'm fortunate to be vaccinated and boosted and have access to testing and great medical care," Gates wrote.  The Seattle-based Bill and Melinda Gates Foundation is the most influential private foundation in the world, with an endowment of about $65 billion.  Bill Gates has been a vocal proponent for pandemic mitigation measures, specifically access to vaccines and medication for poorer countries. The Gates Foundation in October said it will spend $120 million to boost access to generic versions of drugmaker Merck's antiviral COVID-19 pill for lower-income countries.  ...

Elon Musk on Tuesday said he would reinstate former President Donald Trump's Twitter account.  The Tesla CEO who's vying to buy Twitter and take it private for a reported price tag of $44 billion made the comment at the Financial Times Future of the Car conference.  "I do think that it was not correct to ban Donald Trump," Musk said. "I think that was a mistake because it alienated a large part of the country and did not ultimately result in Donald Trump not having a voice."   Musk added that Trump's ban was "morally wrong and flat-out stupid."  Trump's account was permanently banned after the January 6 riot at the U.S. Capitol, with Twitter saying his continued presence on the platform was a "risk of further incitement of violence."…

The Biden administration announced on Monday that 20 internet companies have agreed to provide discounted service to people with low incomes, a program that could effectively make tens of millions of households across the U.S. eligible for free service through an already existing federal subsidy. The $1 trillion infrastructure package passed by Congress last year included $14.2 billion funding for the Affordable Connectivity Program, which provides $30 monthly subsidies ($75 in tribal areas) on internet service for millions of lower-income households. With the new commitment from the internet providers, some 48 million households will be eligible for $30 monthly plans for 100 megabits per second, or higher speed, service — making internet service fully paid for with the government subsidy if they sign up with one of the providers participating…

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison. Other investors include Sequoia Capital Fund, which pledged $800 million, and VyCapital, which pledged $700 million, according to a Thursday filing with the U.S. Securities and Exchange Commission. But Ellison, who is also a and Tesla board member, is making the biggest contribution, pegged at $1 billion. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged 35 million in Twitter shares in support of Musk, according to the filing. Musk in earlier regulatory filings revealed that he has sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase. Musk…

Cars stuck on the assembly line. Delays in the delivery of dishwashers, refrigerators and game consoles. Consumers and businesses are feeling the pinch of the semiconductor shortage. The war in Ukraine could make the situation worse. Michelle Quinn reports. ...

Satellite imagery and underwater robotics are among the technologies that played a crucial role in the recent discovery of the Endurance, renowned explorer Ernest Shackleton’s ship that sank in frozen Antarctic waters in 1915. VOA’s Julie Taboh has more. ...

BRINC, a company based in Seattle, Washington, is producing special drones to assist Ukraine's armed forces. The drones are used in search and rescue missions and can provide eyes in places where it's too dangerous to send people. Khrystyna Shevchenko has the story, narrated by Anna Rice. Videographer: Khrystyna Shevchenko ...

The European Union on Monday accused Apple of abusing its dominant Apple Pay market position to prevent other companies from competing in contactless payment technologies.  "Apple has built a closed ecosystem around its devices and its operating system, iOS. And Apple controls the gates to this ecosystem, setting the rules of the game for anyone who wants to reach consumers using Apple devices," EU competition commissioner Margrethe Vestager said. "By excluding others from the game, Apple has unfairly shielded its Apple Pay wallets from competition."  The 27-nation bloc's executive arm, the European Commission, said Apple's practice "has an exclusionary effect on competitors and leads to less innovation and less choice for consumers for mobile wallets on iPhones."   The commission has not disclosed what, if any, fines could be levied…

Google has expanded options for keeping personal information private from online searches. The company said Friday it will let people request that more types of content such as personal contact information like phone numbers, email and physical addresses be removed from search results. The new policy also allows the removal of other information that may pose a risk for identity theft, such as confidential log-in credentials. The company said in a statement that open access to information is vital, "but so is empowering people with the tools they need to protect themselves and keep their sensitive, personally identifiable information private." "Privacy and online safety go hand in hand. And when you're using the internet, it's important to have control over how your sensitive, personally identifiable information can be found," it…

An application developed in Kenya to improve the marketing of fish caught in Lake Victoria is helping women fishmongers fend off sex-for-fish exploitation by fishermen. The Aquarech app allows traders to buy fish without having to negotiate with fishermen – as Ruud Elmendorp reports from Kisumu, Kenya. Videographer: Ruud Elmendorp Produced by: Henry Hernandez ...

A hands-off approach to moderating content at Elon Musk's Twitter could clash with ambitious new laws in Europe meant to protect users from disinformation, hate speech and other harmful material.  Musk, who describes himself as a "free speech absolutist," pledged to buy Twitter for $44 billion this week, with European Union officials and digital campaigners quick to say that any focus on free speech to the detriment of online safety would not fly after the 27-nation bloc solidified its status as a global leader in the effort to rein in the power of tech giants. "If his approach will be 'just stop moderating it,' he will likely find himself in a lot of legal trouble in the EU," said Jan Penfrat, senior policy adviser at digital rights group EDRi. Musk…

Elon Musk's request to scrap a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private was denied by a federal judge in New York. Judge Lewis Liman on Wednesday also denied a motion to nullify subpoenas of Musk seeking information about possible violations of his settlement with the Securities and Exchange Commission. Musk had asked the court to throw out the settlement, which required that his tweets be approved by a Tesla attorney. The SEC is investigating whether the Tesla CEO violated the settlement with tweets last November asking Twitter followers if he should sell 10% of his Tesla stock. The whole dispute stems from an October 2018 agreement with the SEC in which Musk and Tesla each agreed to pay $20 million…

California-based Google wants to get a bigger share of Africa's growing online population, which is expected to top 800 million by 2030.    The internet search giant announced this month it is setting up its first product development center on the continent, to be based in Kenya's capital, Nairobi. It is scheduled to open next year and will employ more than 100 people.  Charles Murito, head of government affairs and public policy for sub-Saharan Africa at Google, said the investment will create many opportunities within Africa's tech sector.    "The product development center is going to be one that works to create transformative products and services for people right here on the continent, as well as creating a product for the rest of the world," he said. "So the announcement…

Many of the technological advances in lithium ion batteries that now power many electric vehicles began in a laboratory just outside Chicago’s city limits decades ago.  VOA’s Kane Farabaugh reports on new innovations at Argonne National Laboratory preparing for the next-generation needs of drivers. Camera: Kane Farabaugh, Mike Burke    Produced by: Kane Farabaugh    ...

Sensor-packed robots are changing how movies and commercials are made. Deana Mitchell has the story. ...

Tesla CEO Elon Musk’s $44 billion deal to buy Twitter Monday met mixed reactions as observers speculated how digital speech on the service might change under his leadership.  Musk, a prolific Twitter user who has criticized Twitter's management in tweets, said in the press release Monday announcing the deal that "Twitter is the digital town square where matters vital to the future of humanity are debated."    Musk’s takeover of Twitter was applauded by some U.S. conservatives who have alleged that internet firms — including Twitter — promote a liberal political agenda and suppress conservative voices.  Senator Ted Cruz, a Republican from Texas, tweeted that it’s "amazing to watch the Left panic at the prospect of free speech on Twitter."      But others expressed concern that Musk’s takeover would mean less…

Twitter CEO Parag Agrawal told employees Monday that he is uncertain of the direction the company will go after Tesla CEO Elon Musk takes over.     Musk reached an agreement Monday to buy Twitter for $44 billion, promising to make the platform more supportive of free speech. The move has raised questions about how far Twitter will go to relax restrictions on users' speech and led critics to fear new policies would make it easier for people to spread disinformation and hate speech.  Agrawal answered employee questions Monday in a town hall that was heard by Reuters.     The news agency reported that Agrawal told employees, "Once the deal closes, we don't know which direction the platform will go." The CEO was answering a question about whether former President Donald…

The board of Twitter is negotiating with Tesla CEO Elon Musk over his bid to buy the social media giant.  Media reports Monday said the two sides are close to reaching a deal.   Musk recently announced that he wants to buy the platform and later unveiled a financing package to back the acquisition.   The Reuters news agency reported that Musk’s final offer is $43 billion in cash, citing anonymous sources familiar with the matter. The New York Times reported that Twitter and Musk spoke into the early hours Monday and were discussing contingency plans if an agreement were to be signed and then fall apart. Twitter shares were up more than 5% in trading Monday afternoon.   Musk is the world's richest person according to Forbes magazine with…

According to papers filed with U.S. securities regulators, billionaire Elon Musk appears ready to continue his bid to take over Twitter, this time via a tender offer that would bypass the company's board and offer to buy stock directly from shareholders.  Twitter's board of directors last week voted unanimously to use a tactic called a "poison pill" to fend off Musk's attempt to acquire the company.  The papers show Musk, CEO of Tesla and SpaceX, has secured $46.5 billion in financing for the offer of $54.20 per share.  Twitter "is committed to conducting a careful, comprehensive and deliberate review to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders," the company said in a statement Thursday.  The news only…

A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case.  Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has ruled that Musk's tweets about having "funding secured" to take Tesla private were false, and that his comments also violate a 2018 court settlement with U.S. securities regulators in which Musk and Tesla each agreed to pay $20 million fines.  Musk, during an interview April 14 at the TED 2022 conference, said he had the funding to take Tesla private in 2018. He called the Securities and Exchange Commission a profane name and said he only settled because…

A classified satellite for the U.S. National Reconnaissance Office was launched into space from California on Sunday.  The NROL-85 satellite lifted off at 6:13 a.m. local time from Vandenberg Space Force Base aboard a two-stage SpaceX Falcon 9 rocket.  It was the first mission by the NRO to reuse a SpaceX rocket booster, Vandenberg said in a statement.  The Falcon's first stage flew back and landed at the seaside base northwest of Los Angeles.  The NRO only described the NROL-85 satellite as a "critical national security payload."  Its launch was one of three awarded by the Air Force to SpaceX in 2019 for a combined fixed price of $297 million.  The NRO is the government agency in charge of developing, building, launching and maintaining U.S. satellites that provide intelligence data…

Russia is clamping down on news and the internet. Overseas media organizations and activists are finding new ways in. ...

Even before Russia’s invasion of Ukraine, U.S. officials warned about cyberattacks originating in Russia against critical American infrastructure. Now, U.S. security agencies are increasingly cracking down on the networks used by cybercriminals, including for ransomware attacks. Dino Jahic has the story, narrated by Anna Rice.  ...

Twitter's board of directors on Friday voted unanimously to use a tactic called a "poison pill" to fend off Elon Musk's attempt to take over the company. In such a defensive tactic, all Twitter shareholders except Musk could buy more shares at a discount. This would dilute the world's richest person's stake in the company and prevent him from recruiting a majority of shareholders supporting his move. If Musk's ownership in Twitter grows to 15% or more, the poison pill would go into effect. Musk, who earlier this week was revealed as the company's largest individual shareholder, with 9.2% of the shares, later offered more than $43 billion, or $54.20 a share, to purchase the entire company. Musk's offer would provide a substantial premium over Twitter's current stock price of…