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Author Archives: Bloomberg

Financial Firms Spend Up to $3,000 Per Employee on Cybersecurity

Posted on May 2, 2019 by Bloomberg

Big banks and other financial firms spend as much as $3,000 per employee to defend computer networks from cyber criminals, translating to approximately $750 million annually for JPMorgan Chase & Co. and HSBC each, based on their 2018 headcount figu… Continue reading Financial Firms Spend Up to $3,000 Per Employee on Cybersecurity→

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Facebook Wants AI to Screen Content, But Fairness Issues Remain

Posted on May 1, 2019 by Bloomberg

The company in April unveiled new artificial intelligence tools to help flag posts potentially containing false information by letting them point to trusted sources that contradicted the post. But such a system could potentially be gamed, particularly … Continue reading Facebook Wants AI to Screen Content, But Fairness Issues Remain→

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Facebook's Zuckerberg Preaches Privacy, But Evidence Is Elusive

Posted on May 1, 2019 by Bloomberg

There was an easy way Facebook could have shown its commitment to privacy that would have saved Zuckerberg some time during his speech: by rolling out “Clear History,” a feature Facebook promised a year ago that will let people disassociate their inter… Continue reading Facebook's Zuckerberg Preaches Privacy, But Evidence Is Elusive→

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Facebook, Google Outmaneuvered at White House by Legacy Tech

Posted on April 30, 2019 by Bloomberg

IBM, Oracle and Microsoft are among the companies basking in the White House’s glow these days. All were founded before 1980 and are longtime government contractors with strong bipartisan ties in Washington. Continue reading Facebook, Google Outmaneuvered at White House by Legacy Tech→

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Alphabet Revenue Misses Analysts’ Estimates; Shares Fall

Posted on April 29, 2019 by Bloomberg

The company doesn’t break out YouTube and cloud revenue, but the two are important sources of future growth. Amazon and Microsoft Corp. are well ahead of Google in the cloud market. Continue reading Alphabet Revenue Misses Analysts’ Estimates; Shares Fall→

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Microsoft Forms Pact With VMware to Keep Up With Amazon

Posted on April 29, 2019 by Bloomberg

Microsoft unveiled a partnership with VMware . in a bid to bring more customers to its Azure cloud-computing service, emulating a pact that has benefited rival Amazon.com. Continue reading Microsoft Forms Pact With VMware to Keep Up With Amazon→

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Slack Reveals Losses Amid Rapid Growth in Plan to Go Public

Posted on April 26, 2019 by Bloomberg

Slack cautions that it remains vulnerable to competition if it fails to keep pace technologically or fails to develop and expand its sales. It lists Microsoft as its primary rival, but also notes that companies including Alphabet, Cisco Systems and Fac… Continue reading Slack Reveals Losses Amid Rapid Growth in Plan to Go Public→

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Major Tech Firms Come Out Against Police Use of AI Algorithms

Posted on April 26, 2019 by Bloomberg

Facebook, Microsoft, Alphabet Inc.’s Google and DeepMind, Amazon, Apple and International Business Machines all said that artificial intelligence algorithms should not be used by law enforcement to make decisions about jailing people. Continue reading Major Tech Firms Come Out Against Police Use of AI Algorithms→

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Amazon's Profit Surges on Cloud Computing, Advertising Gains

Posted on April 25, 2019 by Bloomberg

The company’s focus on cloud-computing, advertising, and other high-margin businesses continues to pay off. Continue reading Amazon's Profit Surges on Cloud Computing, Advertising Gains→

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Microsoft Edges Toward $1 Trillion Valuation on Results Beat

Posted on April 25, 2019 by Bloomberg

The results reflect Chief Executive Officer Satya Nadella’s efforts to draw some customers away from cloud market leader Amazon.com Inc. and ink more significant clients. Microsoft also is benefiting as more traditional companies that are longtime cust… Continue reading Microsoft Edges Toward $1 Trillion Valuation on Results Beat→

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