Tag Archives: tech

Ontario schools are suing firms behind TikTok, Meta, Snapchat. Here’s why

Four Ontario school boards are taking some of the world’s biggest and most popular social media giants to court, seeking damages worth $4.5 billion. The Toronto District School Board, the Peel District School Board, the Toronto Catholic District School Board, and the Ottawa Carleton District School Board on Wednesday filed a claim in the Ontario […]

Sam Bankman-Fried sentenced to 25 years for FTX fraud worth over US$8B – National

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing US$8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall. U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s […]

Global smartphone market set for 2024 rebound: report – National

Global smartphone shipments are expected to rebound three per cent this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to premium devices, a report by Counterpoint Research said on Thursday. Global shipments had declined more than four per cent last year, earlier data from the […]

‘Psychopathic’ Manitoba AI Easter Bunny ‘maybe just dealing with a lot,’ says creator

A Canadian history podcaster used AI to generate an Easter Bunny for every province and territory — an idea seemingly as sweet as a basket of chocolate Easter treats. British Columbia’s plaid-clad bunny in hipster glasses against a picturesque mountain backdrop, Quebec’s impeccably-dressed bunny sipping coffee on a trendy patio and Nunavut’s Easter Bunny — […]

These Mobile Games are For the Birds

Parrots have much in common with toddlers. The brainy birds can learn to recognize colors and shapes, manipulate objects, build large vocabularies and make their needs known at improbably high volumes. They are also playful, intelligent and curious; without ample cognitive enrichment, they quickly become bored. So owners of pet parrots sometimes turn to a […]

Reddit Said to Price IPO at $34 a Share, in a Positive Sign for Tech

Reddit on Wednesday priced its shares at $34 for its initial public offering, at the high end of expectations, in a sign of investor demand for growing tech companies. The San Francisco-based social media company had estimated that its shares would be priced at $31 to $34. The $34 price put Reddit’s value at $6.4 […]

TikTok Bill Would Complicate ByteDance Investments if Passed

For years, the U.S. investors who backed ByteDance, the Chinese internet company that owns TikTok, have wrestled with the complexities of owning a piece of a geopolitically fraught social media app. Now it’s gotten even more complicated. A bill to force ByteDance to sell TikTok is winding its way through the Senate after sailing through […]

Condé Nast’s Owners Set to Reap a $1.4 Billion Windfall From Reddit

The internet has not been kind to Condé Nast, the publisher of starry magazines, like Vogue and Vanity Fair, whose fortunes and influence have waned in the digital age. But while the web taketh, it occasionally giveth, too. The Newhouse family, the media dynasty that controls Condé Nast through its holding company, Advance Publications, is […]