firms

3Apr

By THEIRL1ADMIN01No Comments

TECHNOLOGY

China’s tech firms fight for survival under Trump’s blacklist

Despite warning of lower profits after the US blacklisting, firms like SenseTime and Megvii are pressing ahead. The co-founder of China's SenseTime Group Ltd. was visiting New York to encourage more collaboration with the U.S. on artificial intelligence when he heard the news: The Trump administration had blacklisted his company. So much for more cooperation. Xu Bing, the 29-year-old co-founder, knew SenseTime was at risk given rising tensions between China and the U.S., but the timing took him by surprise. He was spending a few days showing off his latest products and meeting other AI researchers earlier this month when the Commerce Dept. put his company and seven others on its "Entity List," prohibiting American companies from providing crucial supplies like s...

Major payment firms hesitate to back Facebook’s Libra

Visa and Mastercard are reportedly concerned with the regulatory scrutiny into Facebook's digital currency. Four payments companies that have joined Facebook Inc. as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project, according to people familiar with the matter. Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Stripe Inc. are undecided about formally signing onto Libra's organizing charter because they're concerned about maintaining positive relationships with regulators who have reservations about the project, the people said. Executives at the payments companies believe Facebook oversold the extent to which regulators were comfortable with the project and are concerned about the percept...

More firms are now offering ‘pawternity’ benefits

Think having a baby is rough? Just try bringing home a new puppy. All babies need is a couple of diaper changes, a few feedings and a burping session once in a while. But puppies? They need way more attention, particularly if you consider all the playing, the outdoor walks in the rain, the house training, the gnawing on furniture, the chewing of shoes, the non-stop barking and ... did I mention the house training? You know what I’m talking about, puppy-owners. It’s exhausting. But don’t worry. It’s 2018. The labor market is tight, good employees are in high demand and paid time off, particularly for new parents, is a hot benefit many firms are offering. Now some of these firms are taking this concept one step further and offering the ultimate solution to the ultimate first-world proble...