KYIV, Ukraine — (AP) — Russian authorities rejected the country’s oil price cap set by Ukraine’s Western supporters and threatened on Saturday to cut off supplies to countries that had approved it. Australia, Britain, Canada, Japan, the United States and the European Union of 27 agreed on Friday to cap what they would pay for …
Russia rejects $60 a barrel cap on its oil, warns against cuts Read More »
Facebook’s parent company Meta is abandoning offices it rented in New York’s Hudson Yards complex – the latest sign of belt-tightening at the Silicon Valley-based tech giant that recently laid off thousands of workers. ’employees. Meta will vacate 250,000 square feet of office space at 30 and 55 Hudson Yards, though it will maintain the …
Meta abandons offices at Hudson Yards as tech giant cuts costs Read More »
MIAMI—Here are a few phrases I wish I would never hear again: Minting NFTs. Virtual reality. Metavers. They are the opposite of art — they are the tools of financial engineering. And these aren’t just hollow concepts, they actually hurt people. Billions of investment capital have disappeared into these voids. If you don’t want to …
Multidisciplinary Artist Carrie Able Cuts Through VR BS at Art Basel – Fine Art Globe Read More »
When Ryan Stevens joined Meta Platforms as Head of Product Operations for WhatsApp in August 2021, he was seduced by the opportunity to help shape a messaging app used by 2 billion people daily. He also thought that handling a service that affects so many people would result in a degree of job security. That …
As job cuts disrupt tech, workers face post-boom reality Read More »
For tech investors hoping that Meta Platforms will find religion on cost reductions when it comes to big VR spending, now is not the time to bet on it. The company is cutting costs, including mass layoffs, and much of the market has focused on the billions Mark Zuckerberg is pouring into Reality Labs and …
Key points to remember Nvidia is expected to post third-quarter adjusted earnings of 71 cents per share late Nov. 16. Revenue is expected to fall 18% year-over-year amid reduced demand from cryptocurrency miners. Ethereum’s move to proof-of-stake from proof-of-work in September undermined demand for mining GPUs or graphics processing units. Nvidia’s data center sales disappointed …
Nvidia’s profits seen slipping amid crypto crash, tech cuts Read More »
In a shaky video call, Anatoliy Fedoruk, mayor of the town of Bucha on the outskirts of Kyiv, said he was looking for generators to help maintain internet service, even with all the other electricity demands. “The fact that people have been able to record the atrocities happening in our city” by posting documents online …
Ukraine struggles to maintain internet despite power cuts Read More »
