ADC Strategy

15/06/2024

Apple Inc. was sued Thursday by two employees in a class action lawsuit alleging the company paid more than 12,000 Californian female employees less than male employees holding comparable positions.

The lawsuit was filed in state court in San Francisco on behalf of two long-term female Apple employees, Justina Jong, a customer and technical training instructor, and Amina Salgado, currently a program manager with the tech giant.

Class action lawsuit alleges Apple paid more than 12,000 Californian female employees less than male employees holding comparable positions.

15/06/2024

Adobe Inc. (NASDAQ: ADBE) saw its stock price soar 17% higher in extended trading Thursday following the company’s second quarter earnings call and results.

The software company saw revenue of $5.31 billion in the second quarter of fiscal year 2024, a 10% increase in year-over-year growth.

Adobe saw revenue of $5.31 billion in the second quarter of fiscal year 2024, a 10% increase in year-over-year growth.

14/06/2024

Semiconductor giant Broadcom Inc. (NASDAQ: AVGO) saw its share price jump more than 12% on Thursday after the company's fiscal second quarter results beat Wall Street expectations.

The company reported $12,487 million in revenue for the second quarter, up 43% from the same period last year.

Broadcom reported $12,487 million in revenue for the second quarter, up 43% from the same period last year.

14/06/2024

Archer Aviation, Inc. announced Wednesday that its Midnight eVTOL aircraft had successfully completed transition flying at speeds more than 100 miles per hour.

The eVTOL aircraft developer has been working on its Midnight air taxi, an eVTOL aircraft that can carry a pilot and four passengers.

Archer Aviation's Midnight eVTOL aircraft successfully completed transition flying at speeds more than 100 mph.

14/06/2024

Lawyers for Elizabeth Holmes, the founder and CEO of Theranos, the blood testing company, urged a federal appeals court to overturn their client's fraud conviction Tuesday, citing improper court proceedings.

In 2022, a federal jury convicted Holmes of defrauding Theranos investors. Holmes was found guilty four of the 11 charges that she faced of misleading her defunct Silicon Valley blood testing company's investors and customers.

Elizabeth Holmes lawyers seek fraud conviction to be overturned.

14/06/2024

Apple Inc. has become the first global brand to cross $1 trillion in brand value according to Kantar, the international market research company's "BrandZ 2024 Most Valuable Global Brands" report.

This is the tech giant's third year in the top spot, but Kantar reported that the company's brand value leapt by 15% over the last year to break the $1 trillion mark.

Apple eclipses $1 trillion in brand value, the first company to do so.

06/06/2024

Meta Platforms Inc. is facing almost immediate pushback from privacy groups in the European Union over forthcoming changes in its privacy policies which would allow the company to train its artificial intelligence programs on users' content.

The European Center for Digital Rights, which goes by the acronym NOYB, as in "none of your business", petitioned EU privacy enforcement agencies across the region Thursday to stop this particular use of users' personal data.

Artificial intelligence and personal data at the center of ongoing privacy issues with Meta in the EU.

06/06/2024

Nvidia Corp.'s market capitalization leapt briefly to more than $3 trillion Wednesday, pushing the microchip giant just ahead of Apple Inc. as the second most valuable publicly traded company on Earth.

Peninsula tech giants battle for second largest publicly-traded company. Can they catch Microsoft?

05/06/2024

Location analytics company, Placer Labs Inc. (DBA Placer.ai) has partnered with data marketing analytics company TapClicks, Inc. to offer its clients a more granular understanding of customer behavior.

Placer.ai partners with TapClicks' platform to see the effectiveness of campaigns based on real-world customer engagement.

04/06/2024

Alphabet Inc. has laid off at least 100 people from Google LLC's cloud services division, according to news reports.

Employees were notified last week of the impeding layoffs which impacted sales, consulting, go-to-market strategy, operations and engineering teams, according to documents viewed by CNBC.

Alphabet makes Google Cloud staff cuts. Its GTM team took the broadest hit, specifically in the Asia-Pacific region.

04/06/2024

Intel Corp. announced Monday its next generation of Xeon 6 server processors in its bid to regain data center market share.

The announcement come on the heels of rival Advanced Micro Devices, Inc.'s new artificial intelligence chips for data centers as well as its new accelerated release cycle to bring new AI-enabled products to market.

Peninsula chip maker looks to regain data center market share against local rivals in AI space.

03/06/2024

Advanced Micro Devices, Inc. debuted its latest artificial intelligence processors Monday along with its plan to roll out new products on a yearly basis to go head-to-head with AI industry leader Nvidia Corp.

The plan is to roll out new products on a yearly basis.

30/05/2024

An activist investor group from South Florida has sent a letter to Netgear Inc.'s board demanding the company repurchase at least $100 million of its shares and create a group to explore selling off the company's Netgear for Business (NFB) wing.

Windward Management wants the Netgear board to create a strategic review committee to explore splitting up its Connected Home and NFB divisions. The activist investor group also demands the company repurchase at least $100 million of its shares.

30/05/2024

Slingshot Media, Inc. has received $2.2 million in pre-seed funding it announced this week.

According to TechCrunch, the funding was led by Dorm Room Fund, with 1916 Enterprises, Key Partners Group, and angel investor Vincent Francoeur, the former head of web and mobile at Blizzard, also participating.

Fremont startup receives pre-seed funding to bolster services aimed at artists that don't have access to or experience in running a business and need the tools help keep track of their business.

30/05/2024

TCV has raised $3 billion in its latest fund according to a report in the Financial Times.

This is the venture capital firm's twelfth fund, and according to the Times, and includes investors from the United States, Europe, Asia, the Middle East and Latin America.

Menlo Park VC raises $3B.

29/05/2024

Ryan Salame, a former executive with collapsed cryptocurrency exchange FTX, was sentenced Tuesday to seven and a half years in prison, the first of the company's former executives to be sentenced following the conviction and sentencing of founder and CEO Sam Bankman-Fried.

Co-CEO of the FTX Bahama subsidiary was sentenced to 90 months in prison, to be followed by three years of supervised release.

29/05/2024

Despite it not being required to do so, Neuralink Corp. has submitted details of its first implant in a human to the National Institute of Health database.

Neuralink shares details with National Institute of Health database.

23/05/2024

SiMa Technologies Inc. (DBA SiMa.ai) has entered a deal with two Asia-based technology companies to create artificial intelligence edge technology solutions for the manufacturing, retail and transportation industries.

The developer of machine learning system-on-chip platforms will be working with the Taipei-based Lanner Electronics Inc., and AWL, the Hokkaido, Japan-based AI video analysis company, to create a system which allow companies to rapidly deploy real-time video analytics.

Machine learning system-on-chip platforms developer signs deal.

23/05/2024

Google LLC and Meta Platforms, Inc. are part of a group of 16 global companies developing artificial intelligence (AI) that pledged Tuesday to safely develop the technology.

The two Silicon Valley tech giants were joined by Microsoft Corp., OpenAI Inc., as well as companies from China, South Korea and the United Arab Emirates (UAE), at the second global AI safety summit held in Seoul, South Korea this week.

Google and Meta join Microsoft, OpenAI in global AI safety development pledge along with companies from China, South Korea and the United Arab Emirates (UAE), at the second global AI safety summit held in Seoul, South Korea this week.

23/05/2024

Apple Inc. has asked a U.S. judge to dismiss the lawsuit filed in March by the Justice Department and 16 states that alleges the Cupertino-based tech giant has monopolized the smartphone industry.

21/05/2024

Speaking with CNBC Make It, Chet Kapoor, the chairman and CEO of generative artificial intelligence company DataStax, said that he could "attribute a large portion of my success to my first two or three years at NeXT," Jobs' computer workstation and software company.

Former NeXT intern gives kudos to late founder Steve Jobs.

21/05/2024

Archer Aviation Inc. has entered a deal with the Abu Dhabi-based Etihad Aviation Training (EAT) to recruit and train pilots to operate Archer’s Midnight aircraft specifically for the United Arab Emirates (UAE) market, the company's announced Monday.

San Jose eVTOL partnering with Abu Dhabi pilot trainer with plans to begin air taxi operations in the United Arab Emirates by 2025.

21/05/2024

Tesla Inc.'s Fremont facility was the site of a two-alarm fire Monday afternoon, according to the Fremont Fire Department.

Fire at Tesla's Fremont assembly plant on May 20. No reports of injuries, and all employees were accounted for.

17/05/2024

Google LLC requested Thursday that a judge, as opposed to a jury, decide whether the search giant violated U.S. antitrust laws.

The U.S. Justice Department, California and seven other states sued the Alphabet Inc.-owned company in January 2023, charging it illegally monopolizes the digital advertising market. The case was filed in District Court in Alexandria, Virginia.

Antitrust case 'too complicated for jury,' defendant states.

16/05/2024

Palo Alto Networks is expanding its cloud security services by acquiring IBM Corp.’s QRadar cloud security assets.

The acquisition comes as part of a broader new partnership between the Santa Clara-based global cybersecurity company and IBM to increase Palo Alto's consultant and client base.

Palo Alto Networks is expanding its cloud security services by acquiring IBM Corp.’s QRadar cloud security assets.

15/05/2024

In a strong show of bipartisanship, a Senate group has recommended the government invest billions of dollars in promoting the development of artificial intelligence (AI) in the Unites States with an eye on keeping ahead of its global rivals.

The proposal was announced by congress's AI Working Group, led by Senate Majority Leader Chuck Schumer (D-NY) and including Sen. Mike Rounds (R-SD), Sen. Martin Heinrich (D-NM), and Sen. Todd Young (R-IN).

Announced by congress's AI Working Group, led by Senate Majority Leader Chuck Schumer (D-NY) and including Sen. Mike Rounds (R-SD), Sen. Martin Heinrich (D-NM), and Sen. Todd Young (R-IN).

15/05/2024

Tesla, Inc. is being sued by the Environmental Democracy Project for allegedly not complying with the Clean Air Act at the electric vehicle maker's Fremont facility.

The complaint alleges that since January 2021, Tesla exposed its workers and nearby neighbors to excessive amounts of nitrogen oxides, arsenic, cadmium and other chemicals used in part of its painting practices.

Since January 2021, Tesla exposed its workers and nearby neighbors to excessive amounts of nitrogen oxides, arsenic, cadmium and other chemicals used in part of its painting practices, complaint states.

15/05/2024

Meta Platforms Inc. is shutting down its enterprise Workplace app to focus more on the social media giant's artificial intelligence (AI) and metaverse technologies, the company announced Tuesday.

Workplace is an advertising-free collaboration tool designed to help companies and their employees communicate and cooperate more easily.

Workplace is an advertising-free collaboration tool designed to help companies and their employees communicate and cooperate more easily. Meta is shutting it down by 2026.

14/05/2024

The U.S. government is investigating Waymo's self-driving vehicles following reports of erratic behavior on the streets by the company's robotaxis.

Specifics of the investigation were posted Tuesday by The National Highway Traffic Safety Administration (NHTSA) on its websites.

According to the official documents, the NHTSA received 22 reports of Waymo vehicles using Waymo's fifth generation automated driving system either having single-party collissions or violating traffic laws. Of the 22 complaints, 17 involved collisions

The National Highway Traffic Safety Administration examining 444 Waymo vehicles as part of its robotaxi investigation.

13/05/2024

Chinese authorities have been quietly telling the country's tech giants to cut back on their purchases of microchips from Nvidia Corp., according to a report by The Information.

The Information reports that China's National Development and Reform Commissions, which manages the country's economic plans, and the Ministry of Industry and Information Technology, which regulates telecommunications and Internet companies, have been sharing this new guidance verbally over the past few months.

Nvidia chip orders curtailed by Chinese authorities.