Nineteen large platforms have to start complying with new rules as soon as Friday or risk big fines.

The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least

PORTLAND, Ore.--(BUSINESS WIRE)--May 18, 2023--

As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase

The introduction of robots into businesses actually slows – at least at first, according to a new study. Researchers found that the introduction of robots bring down profit margins. But as they technology becomes better integrated, it will start to rise again, the study found. Researchers believe that U-shaped curve comes about because of reduced costs, new processes and innovative products. When companies first adopt robots with the aim of reducing costs, competitors are able to do the same, and so profit margins do not initially grow. The real profits come, however, when the robots are properly adopted and integrated into the company’s processes, and they can use that new innovation to develop new products, the researchers suggest. Those are the findings from a new study from the University of Cambridge and published in IEEE Transactions on Engineering Management. While robots are known to increase productivity when looking at a whole industry or country, it is less clear whether it helps with profit margins. The researchers set out to answer that question and see whether companies were using robots to improve processes within companies. And they were also looking to understand whether it had followed the same perhaps unexpected trajectory as when computers were first introduced into businesses. “If you look at how the introduction of computers affected productivity, you actually see a slowdown in productivity growth in the 1970s and early 1980s, before productivity starts to rise again, which it did until the financial crisis of 2008,” said co-author Professor Chander Velu from Cambridge’s Institute for Manufacturing. “It’s interesting that a tool meant to increase productivity had the opposite effect, at least at first. We wanted to know whether there is a similar pattern with robotics.” To find out, researchers gathered data for 25 European countries that showed industry-level trends between 1995 and 2017. That data did not include specific companies but did allow them to see whole sectors. They then gathered robotics data from the International Federation of Robotics (IFR). By setting the two against each other, they were able to see how the adoption of robotics changed profit margins. There they found that U-shaped curve: that the adoption of robotics drove down profits, initially, even if it came back eventually. “Initially, firms are adopting robots to create a competitive advantage by lowering costs,” said Velu. “But process innovation is cheap to copy, and competitors will also adopt robots if it helps them make their products more cheaply. This then starts to squeeze margins and reduce profit margin.” Read More Apple planning new version of AirTags – but not for some time Algorithm finds 600-foot, ‘potentially hazardous’ asteroid near Earth Reddit closes Place after obscene protests Apple planning new version of AirTags – but not for some time Algorithm finds 600-foot, ‘potentially hazardous’ asteroid near Earth Reddit closes Place after obscene protests

For most teenagers Minecraft remains just a hobby, but one Ukrainian schoolboy’s love for the game has meant he can now afford to buy his homeless mother a house. Lomond School pupil Maksym Gavrylenko has made a “substantial” sum after selling the server he ran from his bedroom, which allows gamers from all over the world to connect to and play together on, with friends. The 17-year-old boarding school pupil said: “I am very proud that I was able to turn my passion into a profitable business and I plan on treating my mother. “As a result of the war, she was forced to flee her home, leaving her homeless, so to buy her a property will make all the hours spent on this project worthwhile.” She is currently staying with friends in Portugal, but intends to settle close to her son. Other family members of Maksym’s remain in his war-torn homeland. His grandparents would not leave Kyiv, having lived there their whole lives, and his sister stayed in the country as her partner had to sign up to defend Ukraine. Making enough money from selling the gaming company he set up to buy his mother a house was something he never expected, the teenager said, with he and his friends embarking upon the project for fun. “We never imagined it would develop into a viable business opportunity, but with guidance from my brother who works in tech, and the school, I was encouraged to explore the possibilities to turn it into something bigger,” Maksym said. His success comes after he moved from Ukraine to Scotland in 2021 and bought a little-used Minecraft server for £1,000, and in the years that followed he and two friends made changes which resulted in a huge rise in players. Along with this, advertisers were attracted to the server, and its value increased. And because of the influx, Lomond School said a lucrative offer was made by a tech firm, which was accepted in May this year. I have no doubt that this won’t be the last we hear about one of Maksym’s business ventures Johanna Urquhart, Lomond School principal Now with one business success under his belt, Maksym wants to expand on his knowledge by going to university and has applied to a mixture of UK and overseas universities. “I don’t know what the future holds, but I’ve always had an interest in business having worked as a part-time translator and a writer in Ukraine,” said the student, who studies at the school in Helensburgh, in Argyll and Bute. “As well as having a passion for gaming, I really enjoyed the entrepreneurial side of our project, and I have applied to universities around the world to study business management.” His preferred choice for university is south of the border in England. Johanna Urquhart, Lomond School principal, said what Maksym had achieved was “absolutely incredible”. “I have no doubt that this won’t be the last we hear about one of Maksym’s business ventures,” she said. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Legislation needed to protect data from AI ‘ghostbots’, say researchers Banking app feature allows economic abuse survivors to mute malicious messages Augmented reality headset Vision Pro is ‘most advanced device ever’ – Apple

When Bob Lee, a well-known tech executive who co-founded the payment programme Cash App, was stabbed to death in April, many within San Francisco’s close-knit tech community lept to conclusions, with figures like Elon Musk declaring the death another sign of the city’s persistent, if often misunderstood, struggles with random street crime. What actually happened, according to prosecutors and friends of Lee, couldn’t be further from this original narrative. Lee was part of an underground party scene in San Francisco known among participants as “The Lifestyle,” where recreational drugs and casual sex were common, participants and those who knew Lee told The Wall Street Journal. One of the people Lee overlapped with within San Francisco nightlife was Khazar Momeni, sister of Nima Momeni, the man arrested in April for Lee’s murder. He plans to plead not guilty. Lee and Ms Momeni, who is married, were reportedly in a casual relationship. “There are many rumors circulating around this case, many of them untrue,” lawyers for Ms Momeni told the Journal. “Ms. Momeni loves and supports her brother. What happened here is a tragedy, and Ms. Momeni is deeply saddened at the suffering of the Lee family as they deal with their terrible loss.” In the hours before Lee was killed, Mr Momeni confronted Lee about his sister, prosecutors allege, asking if she had done anything inappropriate, which he denied. Later, according to officials, Khazar Momeni sent Lee a text message acknowledging the confrontation: “Just wanted to make sure your doing ok Cause know nima came wayyyyyy down hard on you.” Hours after the alleged confrontation, Lee was seen getting into a white BMW with Mr Momeni, and prosecutors allege he drove the tech executive to a secluded area and stabbed him to death with a kitchen knife. The Independent has contacted Mr Momeni’s lawyer for comment. Lee had been using cocaine and ketamine before his death, an autopsy found. Mr Momeni, an IT executive, will be arraigned later his month. Read More Autopsy: Stab wounds to heart, lungs killed Cash App founder Man accused of stabbing Cash App founder gets new court date A tech CEO has been murdered and Elon Musk blames San Francisco’s ‘horrific’ rise in crime. Is he right?

WARSAW, Poland--(BUSINESS WIRE)--May 25, 2023--

Shams' screen time report is inhuman.

The Tesla Model Y is a global hit. The Y's success is what GM, Ford, and other EV challengers need to repeat.

TL;DR: For $69.99 ($488 value), you can get a lifetime license to Microsoft Office Professional

SAVE 49%: Livestream the F1 for free with a high-speed VPN. A one-year subscription to