Technology

More news - News 24 hours In a survey that asked just over 2,500 Americans about digital payments, about 80% of Gen Z respondents said they use mobile wallets, and among them, half were eager to use their phone much more than pay, according to recent data. from Pymnts Intelligence, a research firm that studies trade. Younger people are increasingly using their phones for purposes that older adults would use a traditional wallet for, such as carrying around documents like driver's licenses, boarding passes and event tickets. Some of these digital items can be added to Apple and Google's Wallet apps, while others, like insurance cards, can be downloaded through third-party apps. The change in behavior reflects the journey mobile wallets have taken. About a decade ago, when I talked ...

Related media - Breaking news With the pay package, Musk would own 20.5% of Tesla, up from about 13%. He has said he would like a 25% stake, stressing in January that it would be "quite influential, but not so much that it can't be overthrown." If he didn't get such a large stake, he said, "he would rather build products outside of Tesla." Even after this week's rally, Tesla shares are down more than 20% this year, compared with a 14% gain in the broader stock market. The company remains by far the most valuable auto company, with a stock market value of $600 billion, but fears of tougher competition and declining demand for its models have weighed on the stock. At Thursday's shareholder meeting, Musk was characteristically optimistic about Tesla's self-driving technology, includi...

Linked media - Linked media If 2023 was the tech industry’s year of the A.I. chatbot, 2024 is turning out to be the year of A.I. plumbing. It may not sound as exciting, but tens of billions of dollars are quickly being spent on behind-the-scenes technology for the industry’s A.I. boom. Companies from Amazon to Meta are revamping their data centers to support artificial intelligence. They are investing in huge new facilities, while even places like Saudi Arabia are racing to build supercomputers to handle A.I. Nearly everyone with a foot in tech or giant piles of money, it seems, is jumping into a spending frenzy that some believe could last for years. Microsoft, Meta, and Google’s parent company, Alphabet, disclosed this week that they had spent more than $32 billion combined on dat...

Connected media - Related media Representatives for OpenAI and the Times Company did not immediately respond to requests for comment. The motion asked the court to dismiss four claims from The Times’s complaint to narrow the focus of the lawsuit. OpenAI’s lawyers argued that The Times should not be allowed to sue for acts of reproduction that occurred more than three years ago and that the paper’s claim that OpenAI violated the Digital Millennium Copyright Act, an amendment to U.S. copyright law passed in 1998 after the rise of the internet, was not legally sound. The Times was the first major American media company to sue OpenAI over copyright issues related to its written works. Novelists, computer programmers and other groups have also filed copyright suits against the start-up an...

Associated media - Linked media The $1,000 base model of the Surface Laptop 5 comes with only eight gigabytes of memory, but most people are likely to need double that to smoothly run the latest Windows operating system and new apps and games. The model that includes 16 gigabytes costs an extra $500. Samsung Phone Samsung’s new high-end smartphone, the Galaxy S24 Ultra, has a starting price of $1,300. But it’s more realistically a $1,540 phone. In the last five years, many smartphone makers, including Apple, Google and Samsung, stopped shipping phones with basic accessories like earphones and charging bricks, a shift that increased their profit margins. And in an echo of the way computer makers upsell memory, the base model of a smartphone typically includes a modest amount of data s...

Related media - Linked media President Biden will issue an executive order Wednesday seeking to restrict the sale of sensitive American data to China, Russia and four more countries, a first-of-its-kind attempt to keep personally identifying information from being obtained for blackmail, scams or other harm. The president will ask the Justice Department to write rules restricting the sale of information about Americans’ locations, health and genetics to China, Russia, Iran, North Korea, Cuba and Venezuela, as well as any entities linked to those countries. The restrictions would also cover financial information, biometric data and other types of information that could identify individuals and sensitive information related to the government. The White House said this kind of sensitive...