Santa Clara, California-based Nvidia reported its sales were $46.7 billion for the most recent quarter, marking 56 percent growth over the same period last year and up 6 percent sequentially. Profit rose more than 59 percent to $26.42 billion. The results, which surpassed estimates, reassured global analysts and investors that AI infrastructure spending remains strong, easing — though not erasing — anxieties about an AI bubble. This summer, the chipmaker became the first company to exceed a market cap of $4 trillion, and it is considered a global barometer for the overall health of the artificial intelligence sector. Continue reading Nvidia Announces Continued Growth, $26 Billion in Q2 Profit

The U.S. government is taking a 10 percent stake in Intel in exchange for $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program. Intel had already received $2.2 billion from those funds, bringing the U.S. investment to $11.1 billion. However, the company’s mounting losses — $2.9 billion in Q2, a 57 percent increase over Q2 2024’s $1.61 billion loss — made it questionable as to whether the company could continue to fulfill terms for the funding without intervention. The Intel agreement marks the largest U.S. government equity deal for an individual tech firm. Continue reading U.S. Is Taking 10 Percent Intel Stake in Equity for Grants Deal

Search firm Perplexity AI has renewed its push to acquire TikTok, outlining its vision for “Rebuilding TikTok in America.” As ByteDance approaches its extended deadline of April 5 to sell TikTok or see it banned here in the U.S., Oracle and its cohort of investors have emerged the frontrunners. While the three-year-old Perplexity is a longshot — with observers saying it does not have the cash on hand to purchase the social powerhouse — with deep-pocketed investors including Nvidia, Databricks and Amazon founder Jeff Bezos, it likely has access to funding should its offer be accepted. Continue reading Perplexity AI Outlines Pitch to Acquire TikTok, Rebuild for U.S.

TikTok has rolled out a Security Checkup tool designed to help users secure their accounts. Security settings can now be reviewed and updated from a single screen, similar to security dashboards used by Google and Instagram. A step-by-step guide to the new feature encourages users to make their accounts safer by enabling more security features. The social media platform owned by China-based ByteDance is in the final days of a 75-day extension allowing it to continue U.S. operations after Congress deemed it a national security threat and enacted legislation requiring it to be sold or banned by January 15. Continue reading TikTok Adds Security Checkup to Help Users Secure Accounts

At CES 2025’s opening session on Tech Trends, futurist Brian Comiskey, the Consumer Technology Association’s senior director of innovation and trends, forecasted record retail revenues of $537 billion in 2025, representing a growth in hardware, software and services. He also enumerated the growth of AI as a continuing trend. Fueling this record growth is the dominance of Gen Z, which he dubbed “the first true digital natives.” Comiskey noted, however, that the incoming government proposal to establish tariffs threaten U.S. purchasing power for technology products. Continue reading CES: CTA Futurist Predicts the Impact of Latest Tech Trends

President Biden issued the first-ever National Security Memorandum on Artificial Intelligence, outlining how the Pentagon, intelligence agencies and various national security groups should use artificial intelligence technology to advance national interests and deter threats, touching on everything from nuclear weapons to the supply chain. “The NSM is designed to galvanize federal government adoption of AI to advance the national security mission, including by ensuring that such adoption reflects democratic values and protects human rights, civil rights, civil liberties and privacy,” the White House announced in a statement. Continue reading The White House Defines Government Objectives Involving AI

The Federal Trade Commission rule targeting fake reviews and paid testimonials went into effect this week. The rule bans the creation, purchase or sale of reviews and opinion pieces attributed to fictional customers, or real ones who are financially compensated without plainly disclosing the transactional nature of the relationship. The rule, which subjects offenders to civil penalties, also takes aim at businesses who use threats or coercion to thwart the publication of negative reviews that are genuine. The new FTC rule was approved by unanimous vote in August. Continue reading FTC Rule Prohibiting Fake and Paid Reviews Goes into Effect

Nine months after lawmakers grilled social networks for exposing children to harm, Meta Platforms has announced that Instagram’s teen accounts will be set to “private” by default. Instagram Teen Accounts have built-in protections, limiting who can contact the underage account holders as well as the content they see. “We’ll automatically place teens into Teen Accounts, and teens under 16 will need a parent’s permission to change any of these settings to be less strict,” Meta revealed in a blog post. To avoid leaving teens feeling their wings were clipped, Meta says there will also be new features designed expressly for them. Continue reading Instagram Sets Its New ‘Teen Accounts’ to Private by Default

The White House has implemented a program to help fill roughly 500,000 open tech positions across the United States. The program, Service for America, was developed by the White House Office of the National Cyber Director (ONCD) in partnership with the Office of Management and Budget (OMB) and Office of Personnel Management (OPM) to help connect Americans with available jobs in cybersecurity, technology and artificial intelligence. “Our nation has a critical need for cyber talent,” explains ONCD Director Harry Coker, Jr., who notes many of the open cyber positions do not require a computer science degree or deeply technical background. Continue reading White House Launches Effort to Fill 500,000 Technology Jobs

Ticketmaster’s dynamic pricing will be investigated, pledged UK Secretary of State for Culture, Media and Sport Lisa Nandy in response to protests by thousands of disappointed fans who failed to secure tickets to the Oasis reunion tour. Fans waiting in online Ticketmaster queues saw prices shoot up by as much as £200 before they were able to make a purchase. Thousands more reportedly couldn’t even access the site to buy tickets, resorting instead to ticket-resale sites in what is being described as the biggest concert debacle since Taylor Swift fans were frustrated by their attempts to use the service to purchase 2023 Eras Tour tickets. Continue reading Concert Ticket Dynamic Pricing Draws UK Government Scrutiny

Google has reached a deal with California to contribute to a $250 million fund supporting California journalism over five years in exchange for legislators abandoning a bill requiring the tech giant to pay to use news content in Google Search. The proposed compromise, which has already generated controversy, allocates roughly $70 million from the state budget with the rest primarily from Google. In addition to financially supporting newsrooms, the fund will create a National AI Innovation Accelerator to provide access to new tools. Both initiatives are expected to go live in 2025, pending legislative approval. Continue reading Google Reaches a Compromise with California News Outlets

Two landmark bills designed to bolster online safety for children — the Kids Online Safety Act (KOSA) and the Children and Teens’ Online Privacy Protection Act (COPPA 2.0) — were overwhelmingly approved by the U.S. Senate on Tuesday in bipartisan 91-3 votes. If approved by the House, the legislation would introduce new rules regarding what tech companies can offer to minors and how those firms use and share children’s data. The three senators who voted against the bills cited concerns that the regulations could stifle free speech, open the door to government censorship, and fail to adequately address the greatest threats to children online. Continue reading Senate Passes Two Bills to Strengthen Children’s Online Safety

China’s ByteDance has come out swinging in petition for review against the United States government over the law that would force it to sell TikTok by January 19 or see the app banned in U.S. app stores. The petition challenges the constitutionality of the Protecting Americans from Foreign Adversary Controlled Applications Act that President Biden signed into law on April 24, calling it in the brief “a radical departure from this country’s tradition of championing an open Internet, and sets a dangerous precedent allowing the political branches to target a disfavored speech platform.” Oral argument is scheduled for September 14. Continue reading ByteDance Opening Brief Claims U.S. Ban is Unconstitutional

The UK AI Safety Institute announced the availability of its new Inspect platform designed for the evaluation and testing of artificial intelligence tech in order to help develop safe AI models. The Inspect toolset enables testers — including worldwide researchers, government agencies, and startups — to analyze the specific capabilities of such models and establish scores based on various criteria. According to the Institute, the “release comes at a crucial time in AI development, as more powerful models are expected to hit the market over the course of 2024, making the push for safe and responsible AI development more pressing than ever.” Continue reading UK Launches New Open-Source Platform for AI Safety Testing

Responding to a government assessment of recent cyberattacks, Microsoft CEO Satya Nadella issued a company-wide memo prioritizing security. “If you’re faced with the tradeoff between security and another priority, your answer is clear: Do security,” the executive wrote. “In some cases, this will mean prioritizing security above other things we do, such as releasing new features or providing ongoing support for legacy systems,” Nadella added. The escalation sees Microsoft expanding the scope of its Secure Future Initiative based on government recommendations and insights gained from breaches linked to state-sponsored Russian hackers. Continue reading Microsoft Doubles Down on Security Following Cyberattacks