Neowin News Feed for: Economics

Systems paralyzed by CrowdStrike within 78 minutes to cause $15 billion in losses worldwide

Martin Hodás — Sat, 27 Jul 2024 03:10:01 +0000

Even though the massive CrowdStrike outage caused billions in damages, insurance companies will cover only a fraction of the losses. A third of the total cost comes from the Fortune 500 businesses. Read more...

Some 6,000 satellites later, Musk's Starlink turns profitable in 2024, report estimates

Martin Hodás — Sat, 11 May 2024 20:40:01 +0000

SpaceX's Starlink service is estimated to generate billions in revenues and achieve profitability for the first time in 2024, just five years after launching the first batch of satellites. Read more...

More than half of Russia's Baikal chips are defective as a result of Western sanctions

Martin Hodás — Sun, 31 Mar 2024 03:54:01 +0000

Russian semiconductor company Baikal was forced to switch to domestic partners for the packaging of its chips due to the war. However, the rate of defective products is at ridiculously high levels. Read more...

Facebook is sharing Americans' data with researchers to study income inequality

Paul Hill — Tue, 20 Feb 2018 21:14:01 +0000

Stanford researchers led by Raj Chetty have been given access to data that Facebook holds on U.S. users. The fact that Facebook is sharing the data is raising questions about user privacy. Read more...

Game Theory: Google tests AIs to see whether they'll fight or work together

Vlad Dudau — Thu, 09 Feb 2017 14:16:02 +0000

Google tested some classic game theory and social concepts with artificial intelligence agents. The aim was to see whether AIs will work together or fight with each other, and us. Read more...

Amazon shocks with net loss for quarter

Paul Ferson — Fri, 26 Jul 2013 15:26:22 +0000

Despite being a massive global retailer, Amazon has shocked with the announcement that they have recorded a loss for the quarter, due to increased spending on their own infrastructure. Read more...

Baidu experiences growth in third quarter

Paul Ferson — Tue, 26 Jul 2011 14:55:38 +0000

China's largest search engine, Baidu, has experienced an unexpected growth in its strength during the third quarter of 2011. Baidu has recently focused more on providing e-commerce and videos, which seems to have struck home... Read more...

Study Suggests Economics, not Morality key to Movie Piracy

Fri, 26 Jan 2007 03:11:18 +0000

According to the results of a recent Digital Life America study, roughly 18% of the US online population download movies online, and approximately 80% percent of that do so illegally. The self-funded study, conducted over... Read more...