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Tech News to Know This Week: Aug. 2-8, 2022

Rodriquez August 4, 2022

Every day we wake up, drink a cup of coffee, and get ready for work. Following are a handful of stories from around the tech world condensed to fit into one single cup of coffee. These are the things you need to know before you step foot out of your door (or in front of a webcam) and into the real world this morning.

So sit back, grab a cup, and start your morning off right with a few “Quick Bytes” from Innovation & Tech Today.

Astronomy Events to Look Out For in August

August is shaping up to be

 

Google to Buy Thompson Center, S.I. Container Builds’ New Facility, and More Chicago Tech News

Rodriquez August 4, 2022
Google to Buy Thompson Center, S.I. Container Builds’ New Facility, and More Chicago Tech News
Photo: S.I. Container Builds / Facebook

As the month of July came to a close, startups and tech giants were busy in Chicago closing funding rounds and announcing future plans. Read on to learn about Google’s plan to buy the Thompson Center and Fly.io’s recent capital raises. This is the Built In Chicago Weekly Refresh. 

Google announced plans to buy the Thompson Center. Google said it has agreed to buy the Thompson Center, located in the Chicago Loop, for $105 million. The building will be used as office space for the company as it plans to hire hundreds of

 

Tech News Today for Financial Advisors: Google Splits, IBM Reports

Rodriquez July 18, 2022

This year Silicon Valley has certainly lost its groove. Many of the growth companies have suffered massive drops in their stock prices. The industry has also seen an uptick in layoffs.  

By bringing down the stock prices, splits like Google’s on Monday, may generate more interest from retail investors.


Photo Illustration by Barron’s Advisor; Dreamstime (2)

But maybe things have become too negative? During the past few weeks, tech has pulled off a decent rally. Even the beleaguered

ARK Innovation ETF

(ARKK) has posted a 13% gain since the start of July.

It’s impossible to tell if this will last.

 

Tech company earnings reports expected to bring a flush of bad news | Technology sector

Rodriquez July 17, 2022

As top tech companies prepare to release their quarterly earnings reports starting next week, investors are bracing for bad news.

Several US tech companies have announced hiring slowdowns and layoffs in recent weeks, and the difficulties are expected to continue. “It’s not a great time for tech in general,” said Paul Verna, an analyst at Insider Intelligence, a market analysis firm. “There is no question that companies are going to be spending less, cutting back budgets, and maybe implementing hiring freezes. None of that is good news for the next quarter.”

Netflix, Meta, Google, Twitter and Tesla all have earnings

 

A programming language for hardware accelerators | MIT News

Rodriquez July 12, 2022

Moore’s Law needs a hug. The days of stuffing transistors on little silicon computer chips are numbered, and their life rafts — hardware accelerators — come with a price. 

When programming an accelerator — a process where applications offload certain tasks to system hardware especially to accelerate that task — you have to build a whole new software support. Hardware accelerators can run certain tasks orders of magnitude faster than CPUs, but they cannot be used out of the box. Software needs to efficiently use accelerators’ instructions to make it compatible with the entire application system. This translates to a

 

Exclusive-EU Antitrust Regulators Probing Tech Group AOM’s Video Licensing Policy | Technology News

Rodriquez July 7, 2022

BRUSSELS (Reuters) -EU antitrust regulators are investigating the video licensing policy of the Alliance for Open Media (AOM), whose members include Alphabet unit Google, Amazon, Apple and Meta, the European Commission said on Thursday.

The investigation is the latest to hit the tech industry, which will be subject to tough new rules in Europe next year that could force companies to change their core business models and do more to tackle illegal content on their platforms.

“The Commission confirms that it has a preliminary investigation ongoing into AOM’s licensing policy,” a spokesperson for the EU executive told Reuters.

“The fact

 

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