Intel seeks billions for minority stake in Altera business, sources say

Posted on October 18, 2024 by Techme101

This move that would represent a sharp about face from its earlier public messaging about the larger company’s prospects.

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Amazon indicates employees can quit if they don’t like its return-to-office mandate

Posted on October 18, 2024 by Techme101

AWS CEO Matt Garman has harsh words for remote workers: return to the office or quit. The Amazon executive recently told employees who don’t like the new five-day in-person work policy that, “there are other companies around,” presumably companies they can work for remotely, Reuters reported on Thursday. Amazon’s top boss, Andy Jassy, told employees […]
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Amazon cloud boss says employees unhappy with 5-day office mandate can leave

Posted on October 18, 2024 by Techme101

Amazon’s cloud boss on Thursday told employees who are unhappy with the company’s new five-day in-office mandate they can leave for other companies.

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Intel says it has no plans to divest majority stake in Mobileye 

Posted on October 18, 2024 by Techme101

Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after media reports that Intel was looking to sell a portion of its stake in the company. 
The post Intel says it has no plans to divest majority stake in Mobileye  appeared first on Reuters News Agency.

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Meta fires staff for buying toothpaste, not lunch

Posted on October 18, 2024 by Techme101

Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.

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Netflix hikes prices in some countries as growth fades

Posted on October 18, 2024 by Techme101

Netflix announces some price hikes, as growth from password sharing crackdown starts to fade.

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Automattic offered employees another chance to quit — this time with nine months’ severance

Posted on October 18, 2024 by Techme101

Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit immediately. Employees had four hours to decide whether they wanted to take the deal. In […]
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General Catalyst reportedly to back Saudi Arabian startup

Posted on October 17, 2024 by Techme101

Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in a Saudi Arabia-based fintech startup, Lean Technology, the firm’s first investment in the Middle Eastern nation, the Information reported. Other Saudi Arabian startups that US-based investors recently backed include […]
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Sam Altman’s Eye-Scanning Orb Has a New Look—and Will Come Right to Your Door

Posted on October 17, 2024 by Techme101

The ambitious identity-verification project Worldcoin, now called World, wants a future where humans are “orb-verified.”

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Microsoft: Ransomware Attacks Growing More Dangerous, Complex

Posted on October 17, 2024 by Techme101

Attackers launched 600 million cybercriminal and nation-state threats on Microsoft customers daily, including ransomware attacks, in the last year, according to the tech giant.

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