iab-business administration

13Oct

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Technology

How the tech sector in Israel is navigating the war

London CNN — Israel’s vast tech sector has seen its fair share of crises, from financial downturns and the Covid-19 pandemic to periodic flare-ups in the Israeli-Palestinian conflict. Each time, the industry has bounced back, demonstrating why the country of just 9 million people is known as the world’s “startup nation.” But the war sparked by the Hamas assault last weekend that killed more than 1,300 people in Israel has upended daily life in a way that presents a unique challenge to the country’s most important industry. Schools have been ordered to close, once-bustling streets in Tel Aviv, the center of business, have virtually emptied and many businesses remain shut. Some are closed for securit...

27Sep

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Technology

Pava LaPere, 26-year-old tech CEO found dead in Baltimore with signs of blunt-force trauma

CNN — The Baltimore Police Department has announced an arrest warrant for a suspect wanted for the murder of Pava LaPere, the 26-year-old CEO of startup EcoMap Technologies, who was found dead in a downtown Baltimore apartment Monday with signs of blunt-force trauma to her head. Police are looking for 32-year-old Jason Dean Billingsley, Acting Police Commissioner Richard Worley said during a news conference Tuesday. Officers responded to a call for service at an apartment complex in the 300 block of West Franklin Street at around 11:34 a.m. Monday, according to Baltimore police. Upon arriving, the officers found LaPere with severe injuries to her head. Police have not released any further informati...

20Sep

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Technology

Neuralink, Elon Musk’s brain implant startup, set to begin human trials

New York CNN — Elon Musk’s controversial biotechnology startup Neuralink opened up recruitment for its first human clinical trial Tuesday, according to a company blog. After receiving approval from an independent review board, Neuralink is set to begin offering brain implants to paralysis patients as part of the PRIME Study, the company said. PRIME, short for Precise Robotically Implanted Brain-Computer Interface, is being carried out to evaluate both the safety and functionality of the implant. Trial patients will have a chip surgically placed in the part of the brain that controls the intention to move. The chip, installed by a robot, will then record and send brain signals to an app, with the in...

Former Alibaba CEO Daniel Zhang quits cloud in surprise move amid landmark restructuring

11Sep

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Technology

Former Alibaba CEO Daniel Zhang quits cloud in surprise move amid landmark restructuring

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company’s cloud division in a surprise move announced just months after he assumed the pivotal role. Alibaba’s stock tumbled 3% on Monday in Hong Kong following the announcement. Zhang will now fully exit the Chinese tech giant’s core management team as it undertakes its biggest ever restructuring amid a worsening downturn in the world’s second largest economy. Just three months ago, Zhang, 51, said that a ke...

Chuck Schumer to host AI forum with Zuckerberg and Musk among attendees

3Sep

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Technology

Chuck Schumer to host AI forum with Zuckerberg and Musk among attendees

CNN — More than a half-dozen leading tech CEOs will be among those attending a highly anticipated artificial intelligence event hosted by Senate Majority Leader Chuck Schumer next month, according to the senator’s office. The September 13 event will involve Google CEO Sundar Pichai and former Google CEO Eric Schmidt; Meta CEO Mark Zuckerberg, OpenAI CEO Sam Altman; Microsoft CEO Satya Nadella; Nvidia CEO Jensen Huang; and Elon Musk, CEO of X, the company formerly known as Twitter. It is the first of nine sessions Schumer has said will begin this fall to discuss the hardest questions that regulations on AI will seek to address, including how to protect workers, national security and copyright...

Microsoft gives ground on streaming in bid to remove UK block on Activision deal

25Aug

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Technology

Microsoft gives ground on streaming in bid to remove UK block on Activision deal

London CNN — Microsoft has made a major concession to UK authorities in a bid to remove the last remaining regulatory obstacle to its huge takeover of Activision Blizzard. The companies have submitted a new proposal to the UK antitrust watchdog — the only regulator worldwide standing in the way of the $69 billion deal — that would see Activision’s (ATVI) cloud streaming rights outside the European Union and three other European countries sold to a rival, Ubisoft Entertainment. Microsoft President Brad Smith said in a blog post Tuesday that the companies believe the new proposal “presents a substantially different transaction” for the CMA to consider than its previous merger agreement. “We believe t...

X is ‘close to breakeven’ says CEO Linda Yaccarino

12Aug

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Technology

X is ‘close to breakeven’ says CEO Linda Yaccarino

New York CNN — X CEO Linda Yaccarino, leader of the platform formerly known as Twitter, said the company is keeping an eye on new competitor Threads, despite the sharply slowing growth of the rival app from Meta. “Threads did jump in with a ton of hype and a launch pad from their Instagram users … [but] it’s dropped off dramatically,” Yaccarino told CNBC Thursday in her first interview as CEO of the company now called X. “But you can never, ever take your eye off any competition because they’ll continue iterating and as much as the launch has stalled, we’re keeping an eye on everything that they’re doing.” Still, Yaccarino said X remains largely focused on its own future as the comp...

Neuralink, Elon Musk’s brain implant startup, raises $280 million

8Aug

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Technology

Neuralink, Elon Musk’s brain implant startup, raises $280 million

New York CNN — Elon Musk’s biotechnology startup Neuralink raised $280 million in a fundraising round, the company announced Monday via X, the Musk-owned social media platform formerly known as Twitter. The Series D round was led by Founders Fund, a San Francisco-based VC firm established by Peter Thiel, the controversial billionaire who was also a cofounder at PayPal. “We’re extremely excited about this next chapter at Neuralink,” the company wrote. The brain chip startup wants to use implants to connect your brain to a computer, a goal Musk has been working on for five years. The company so far has only tested on animals and faced scrutiny after a monkey died in project testing in 20...