Top members of Google’s legal team are holding a fundraiser for Kamala Harris on Friday — noting their concerns about conflicts of interest as they face the Biden-Harris Justice Department in a landmark antitrust case targeting the Big Tech giant . Karen Dunn — the lead plaintiff at the white-shoe law firm Paul Weiss defending … Read more
The top actuaries for Social Security and Medicare testified before a House panel Thursday about the financial woes of two safety net programs that could see key trust funds run out in about a decade, leaving beneficiaries to face with a benefit reduction if the funding gap is not resolved by Congress. The Trustees for … Read more
Facebook and Instagram parent Meta has reportedly fired about 22 employees in Los Angeles for misusing their $25-a-day food allowance to provide household supplies such as wine glasses, acne pillows and laundry detergent. The fired workers were found to have misused delivery credit — which workers can use on services like GrubHub or UberEats if … Read more
Shane O’Farrell had no intention of getting rich by buying and selling Lego – all the 35-year-old from New Jersey was looking for was a connection to his childhood in Ireland, where the modest Fort Legoredo was one of them. favorite toy. Twenty years later, when he saw the kit going for hundreds more than … Read more
A 25-year-old Alabama man was arrested Thursday for hacking into the Securities and Exchange Commission’s X account earlier this year as part of an alleged plot to manipulate bitcoin prices, prosecutors said. In January, a hacker posted fake news on the SEC’s @SECGov X account announcing that the agency had approved bitcoin exchange-traded funds, causing … Read more
Bloomberg LP, the media company founded in 1981 by future three-term mayor Michael Bloomberg, just gave Midtown’s sleepiest office corridor some much-needed adrenaline. In a surprise to commercial market watchers, Bloomberg signed a nearly 1 million-square-foot lease extension and expansion at SL Green’s 919 Third Ave. between East 55th and 56th streets. The 47-story tower … Read more
Amazon is the latest tech giant to embrace nuclear power as it tries to power electricity-hungry artificial intelligence programs. Amazon Web Services, the cloud computing unit of the Seattle-based electronics retailer, said Wednesday it will invest more than half a billion dollars in three projects — one in Washington state, one in Virginia and another … Read more
Google is “very likely” to be barred from paying Apple billions of dollars each year to ensure its search engine is enabled by default on iPhones after its stunning loss to the Justice Department in a landmark antitrust trial, according to analysts at Jefferies . Judge Amit Mehta ruled in August that Google has an … Read more
One of Amazon’s top executives defended its controversial new five-day-a-week office policy on Thursday, saying those who don’t support it could leave for another company. Speaking at an all-hands meeting for AWS, the unit’s CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in … Read more
Microsoft is reportedly in a tussle with OpenAI over the size of the share it will take from the artificial intelligence con artist as the latter prepares to transform from a non-profit to a for-profit company. Both firms have turned to investment banks for advice in the high-stakes negotiations, as Microsoft seeks a large amount … Read more