Apple's tricky AI balance

June 18, 2024

Technology

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Nvidia becomes world’s most valuable company

Nvidia has surpassed Microsoft to become the world’s most valuable company. The chipmaker’s market capitalization rose to $3.34 trillion on Tuesday, just eclipsing Microsoft, which is valued at $3.32 trillion. The latest milestone for Nvidia comes less than two weeks after it crossed the $3 trillion mark for the first time and surpassed Apple as the world’s second-most valuable company. The company, whose graphics …

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Amazon fined $5.9 million for warehouse law violations

Amazon fined roughly $5.9 million for alleged quota violations at two of its warehouses in California, the state’s Labor Commissioner’s Office announced Tuesday. The office said in a press release Tuesday that Amazon violated the state’s warehouse quotas law at two distribution warehouses in Moreno Valley and the Redlands. The law, which went into effect in 2022, “requires warehouse employers to provide employees written …

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Boeing CEO apologizes to families of crash victims at Senate hearing

Outgoing Boeing CEO Dave Calhoun turned to apologize directly to family members who lost loved ones in Boeing crashes during his opening testimony Tuesday before a Senate subcommittee. “I would like to speak directly to those who lost loved ones on Lion Air Flight 610 and Ethiopian Airlines Flight 302,” Calhoun said, referencing fatal crashes of Boeing 737 Max 8 planes in 2018 and 2019, respectively. “I want to personally …

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The Refresh

News we’ve flagged from the intersection of tech and other topics:

Social media influencers face cash crunch

Social media influencers are struggling to make ends meetAs platforms shrink their payouts to creators, brands become more selective about partnerships and TikTok faces an uncertain future, The Wall Street Journal reported.

Boeing Starliner’s return delayed

The Boeing Starliner’s return from the International Space Station has been Pushed back to June 26After the spacecraft encountered several helium leaks and failed thrusters during its first crewed test flight, Reuters reported.

In Other News

Branch out with other reads on The Hill:

California governor wants to restrict smartphone usage in schools

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom announced Tuesday that he wants to restrict students’ use of smartphones during the school day, citing the mental health risks of social media. The announcement, which was first reported by Politico, comes a day after U.S. Surgeon General …

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The Federal Trade Commission refers to a complaint about TikTok’s adherence to child privacy law to the DOJ

The Federal Trade Commission has referred a complaint against TikTok and its parent company, ByteDance, to the Department of Justice. The FTC said in a statement Tuesday that it investigated the two companies and “uncovered reason to believe” they are “violating or are about to violate” the Children’s …

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What Others are Reading

Two key stories on The Hill right now:

Texas risks losing billions in federal funds over Abbott LGBTQ directive, Democrats say

Texas colleges and universities risk losing billions in federal funding if they comply with Gov. Greg Abbott’s (R) directive to ignore a new … Read more

Jim Jordan demands YouTube answer if firearms policy change influenced by Bragg

Rep. Jim Jordan (R-Ohio) is seeking answers on whether YouTube changed some of its content moderation policies surrounding firearms due to the influence … Read more

What Others are Reading

Opinions related to tech submitted to The Hill:

A smarter way to prevent the misuse of personal data
How can we avoid an AI ice age?

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Apple's tricky AI balance

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