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Goldman Sachs boss gets big pay cut
The CEO of Goldman Sachs, David Solomon, arguably America's best-known investment bank, has seen his pay cut by some 30% for 2022. In announcing the news, Goldman’s board said the pay-cut reflected “the firm’s 2022 performance, relative to peer results.” That was despite the bank suffering a 22% drop in annual profits.
(Picture: A Goldman Sachs logo is displayed on a smartphone with stock market percentages on the background. Picture Credit: Getty Images)
1/28/2023
50:51
A hacking group called Hive has been hacked by the US authorities
The hackers have been hacked - a prolific international ransomware operation has been shut down by US, German and Dutch officials. The criminal network, Hive, is said to have targeted over 1,500 victims worldwide in the past 18 months and extorted over $100 million. FBI director Christopher Wray said the operation had recovered over 1,300 decryption keys for victims since July 2022 and had prevented $130 million in ransomware payments.
(Photo: Cropped hand of computer hacker typing on keyboard. Credit: Getty Images)
1/27/2023
56:52
Trump to be allowed back on Facebook and Instagram
Donald Trump will be allowed back on to Facebook and Instagram, after Meta announced it would be ending its two-year suspension of his accounts.
The then-US president was indefinitely suspended from Facebook and Instagram after the Capitol riot in 2021.
Nick Clegg, Meta's president of global affairs, said a review found that Mr Trump's accounts no longer represented a serious risk to public safety.
(Picture: TOPSHOT - Former US President Donald Trump speaks at the Mar-a-Lago Club in Palm Beach, Florida, on November 15, 2022. Picture Credit: Getty Images).
1/26/2023
52:23
The US government sues Google
The US Department of Justice (DOJ) and eight US states have filed a case against Google alleging it has too much power over the online ad market.
Online advertising accounts for the lion's share of Google's multibillion dollar revenue.
Google is the market leader, but its slice of total US digital ad income has fallen from 36.7% in 2016 to 28.8% in 2022, according to market research firm Insider Intelligence.
(Picture: In this photo illustration a Google logo seen displayed on a smartphone. Picture Credit: Getty Images).
1/25/2023
50:55
Why is Microsoft putting billions of dollars into an Artificial Intelligence chatbot?
Microsoft has announced a multi-year, multibillion dollar investment in artificial intelligence (AI) as it extends its partnership with OpenAI.
OpenAI is the creator of popular image generation tool Dall-E and the chatbot ChatGPT.
The Windows and Xbox maker plans up to 10,000 redundancies, but said it would still hire in key strategic areas.
(Picture: OpenAI logo displayed on a laptop screen and Microsoft logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 23, 2023. Picture Credit: Getty Images).