Tech
Huawei Technologies of China Pursues Dismissal of Criminal Charges in the United States
(VOR News) – A court in the United States dismissed a federal indictment that accused Huawei Technologies of attempting to steal technology secrets from its competitors in the United States and of deceiving banks about its operations in Iran.
The accusation included allegations that Huawei Technologies had misrepresented its operations in Iran. The United States of America was the initial location where the complaint against Huawei Technologies was submitted.
Huawei Technologies convinced the judge to dismiss many of the complaint’s claims.
In a document that was handed over to a federal court in Brooklyn on Friday evening, Huawei argued that there was no evidence to support the assumption that there was a conspiracy. The document has been presented to the court for consideration. In addition, the corporation stated that the accusation was part of the Department of Justice’s “ill-founded” China Initiative. The purpose of this campaign is to impose sanctions on individuals and companies that have ties to China.
In a case that was unrelated to the one that was accused of conducting, the Supreme Court of the United States rejected a theory of fraud known as the “right to control” doctrine.
This idea formed the basis for the counts of bank fraud that were brought against Huawei. It was asserted that a lot of the allegations were connected to actions that took place in nations other than the United States of America.
“The government has approached Huawei as a prosecutorial target in search of a crime,” Huawei stated, despite the fact that the company has entered a plea of not guilty as part of its defense. A criminal investigation is currently underway. It has been decided that the trial will take place on January 5th, 2026. This date has officially been set.
Around 207,000 people are employed by the corporation Huawei, which has its headquarters in Shenzhen and business operations in more than 170 countries.
Huawei is responsible for the employment of these workers.
During the course of the day on Monday, a representative for United States Attorney Breon Peace in Brooklyn declined to comment on the subject. Peace is based in Brooklyn. A response from legal team was not provided in a timely manner in response to requests for comment that were made.
In 2018, the investigation was initiated, which ultimately resulted in the arrest of Meng Wanzhou, who was working as the Chief Financial Officer of Huawei at the time of the arrest. The firm was initially formed by Wanzhou’s father, who was also the founding member. During the year 2022, the claims that had been filed against her were thrown out of court.
The China Initiative was initiated in 2018, during the first administration of President-elect Donald Trump, with the intention of reaching a resolution to allegations that Beijing had stolen intellectual property. This action was taken with the purpose of responding to the charges.
The program was terminated by the administration of Vice President Joe Biden four years after it had been put into effect. The charges that the program constituted racial profiling and that it generated an atmosphere of dread that hampered scientific study led to the termination of the program.
Beginning in 2019, the United States government imposed limits on Huawei’s access to American technology. The government of the United States has cited worries about the nation’s national security as the rationale for these restrictions. Huawei has refuted claims that it poses a danger to the United States of America.
The case that is now being heard in the United States District Court for the Eastern District of New York is titled United States of America v. Huawei Technologies Co. et al. Case number 18-cr-00457 is assigned to this particular proceeding in the court system.
SOUREC: USN
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Microsoft Advises Owners To Turn Down Requests To Spend Company Funds On Bitcoin.
Tech Billionaire Musk, who supported President Donald Trump’s second presidential attempt, predicts that Canadian Prime Minister Justin Trudeau will lose the next election. Musk made his prediction while speaking with a Swedish journalist on his X social media site.
The journalist updated the German government, writing, “The German Socialist government had COLLAPSED, and there are now talks about a snap election.”
Musk then reposted the Swedish journalist’s message, describing German Chancellor Olaf Scholz as ‘stupid’. “Olaf ist ein Narr” translates to “Olaf is a fool.”
Another X user commented on the tweet, writing, “Elon Musk, we need your help in Canada to get rid of Trudeau.” Elon responded to his comment, writing, “He will be gone in the upcoming election.”
Olaf ist ein Narr https://t.co/Yye3DIeA17
— Elon Musk (@elonmusk) November 7, 2024
This wasn’t the first time the tech tycoon has criticized Justin Trudeau. Previously, he criticized the Trudeau government for ‘destroying free expression’ in Canada.
His recent remark came following the Canadian government’s decision that online streaming firms must register for regulatory restrictions.
Musk, a Canadian citizen, subsequently tweeted on X, calling it shameful and adding, “Trudeau is attempting to crush free speech in Canada.” Shameful.”
The forthcoming Canadian election in October 2025 will be critical for Trudeau, who has headed the Liberal Party since 2013. Trudeau is seeking his fourth election victory in a row, a feat no prime leader has accomplished since Wilfried Laurier in 1908.
Others have tried, notably Trudeau’s father, who came close, but Canadians tend to tire of a leader by the fourth election.
While early elections in Canada are possible, the ruling Liberals and Prime Minister Justin Trudeau are not eager to meet with people anytime soon. Next year, Trudeau’s party will compete with other major parties, including Pierre Poilievre’s Conservative Party and Jagmeet Singh’s New Democratic Party.
Other contenders include the Green Party and the Bloc Quebecois.
Apple is delivering a free software update that will include its first dosage of artificial intelligence in its iPhone 16 series as the trendsetting business attempts to keep up with technology’s current fad.
The iOS 18 operating system update arrives on Monday, more than a month after four iPhone 16 models outfitted with the unique computer chip required to enable the AI features went on sale for $800 to $1,200. Last year’s premium models, the iPhone 15 Pro and iPhone 15 Pro Max, also have processors that will enable AI technology once the software update is loaded.
The software is also compatible with recent versions of Apple’s iPad and Mac computers.
Countries outside the United States will not receive the AI software for their iPhones until next year, at an undetermined date. Apple spent the last five weeks testing the AI program with a group of iPhone owners who agreed to help the corporation fine-tune the technology.
Apple Launches The IPhone Into The AI Era With Free Software Update
The AI injection is intended to transform Apple’s frequently bumbling virtual assistant Siri into a more chatty, adaptable, and colorful buddy, whose presence will be indicated by a glowing light surrounding the iPhone screen as requests are handled.
While Apple promises Siri will be able to accomplish more jobs and get less confused, it will be unable to engage with other iPhone apps until another software update is released at an indeterminate date.
This software upgrade also includes AI tools that will handle a variety of writing and editing chores, as well as summarize the content of emails and other documents. The AI will also have various editing options for changing the appearance of photos and making it easier to find old ones.
Other AI tricks to come in future software upgrades include the capacity to generate personalized emojis on the fly or conjure other creative imagery on demand. Apple also intends to someday enable its AI suite to seek assistance from OpenAI’s ChatGPT as needed.
Most of the AI technologies Apple unveiled on Monday are already available on Android-powered handsets released by Samsung and Google earlier this year.
The iPhone’s suite of new technology is advertised as “Apple Intelligence” to distance itself from the early leaders in AI. Apple also promises that its AI features will do much better to preserve iPhone owners’ privacy by executing the technology on the device or in a fortress-like data center when some requests must be completed remotely.
Because the majority of iPhones in use across the world lack the computer chip required for Apple’s AI, the technology is likely to drive high demand for the new models during the holiday season and into next year. That is why Apple’s stock has risen 18% since the Cupertino, California, company unveiled its AI strategy at a conference in early June. The run-up has lifted Apple’s market value by approximately $500 billion, bringing it closer to being the first US firm worth $4 trillion.
Apple will provide investors with their first look at how the iPhone 16 is performing Thursday when the firm releases quarterly financial data for the July-September quarter, which covers the first few days the new models were on sale.
Apple Launches The IPhone Into The AI Era With Free Software Update
According to a smartphone market assessment by research firm International Data Corp. for the most recent quarter, demand for high-end iPhone 15 models increased as costs plummeted and enthusiasm over Apple’s entry into the AI industry grew.
According to IDC, Apple’s iPhone shipments increased 3.5 percent yearly to 56 million worldwide between July and September, trailing only Samsung. The question now is whether Apple’s progressive rollout of additional AI will entice owners of earlier iPhones to upgrade to the new models over the holidays, “future-proofing their purchases for the long term,” according to IDC analyst Nabila Popal.
An estimated 30 million people—one in every eight Americans over 12—have hearing loss in both ears. According to the National Institute on Deafness and Other Communication Disorders, millions of people could benefit from hearing aids, but most have never tried them.
SOURCE | AP
(VOR News) – Microsoft is planning to have its annual shareholder meeting on December 10th, which is set to take place as the year draws to a conclusion.
The meeting is slated to take place simultaneously. According to a document that was distributed by the Securities and Exchange Commission on Thursday, a proposal that would increase shareholder value and diversify Microsoft’s assets by investing in Bitcoin is put on the list of “voting items” for shareholders this year.
Investing in Bitcoin would diversify Microsoft’s assets.
By encouraging shareholders to vote against it, the board of directors of the relevant firm is encouraging shareholders to vote against it. The proposal that is titled “Assessment of Investing in Bitcoin” suggests that Microsoft should investigate the possibility of diversifying its assets using Bitcoin, which is described as a “excellent, if not the best, hedge against inflation.”
A further implication of the plan is that Microsoft’s current investment in corporate bonds is just marginally higher than the rate of global inflation.
The concept posits that during inflationary periods, organizations ought to diversify their balance sheets with assets that gain more than bonds, as they may have a fiduciary obligation to do so, despite the short-term volatility of those assets. This is because bonds often undergo a greater pace of appreciation than other investment forms.
After the proposal, there is a section that is titled “Board Recommendation” that may be found underneath it. When it comes to this particular matter, the board of directors of Microsoft suggests to shareholders that they vote against the plan.
According to the paper, the board of directors contends that the company does not have to consider investing in Bitcoin since “Microsoft’s management has already carefully considered this topic.” This is the reason why the company does not have to consider investing in Bitcoin.
Microsoft has a Global Treasury and Investment Services team that routinely examines a vast array of potential investments in order to effectively diversify Microsoft’s assets and protect stockholders from inflation, as stated by the technology giant, which has Vanguard, BlackRock, and State Street as its largest shareholders.
This team is responsible for ensuring that Microsoft’s stockholders are protected from inflation.
The Microsoft report states that this group has assessed Bitcoin in the past.
According to the submission, it was said that “Microsoft has strong and appropriate processes in place to manage and diversify its corporate Treasury for the long-term benefit of shareholders,” along with the conclusion that “this requested public assessment is unwarranted.”
The National Center for Public Policy, which is a think tank that adheres to a conservative philosophy, was the one that presented the idea to the public.
Project 2025 is a policy project that is backed by the far right and has the objective of increasing the power of the president and imposing a conservative social order on the government of the next Republican president. One of the members of the advisory board for Project 2025 is from this particular group.
The proposal states that even if the firm ought to take into consideration investing in Bitcoin, it ought not to put the value of its shareholders at risk by spending an excessive portion of their assets in the cryptocurrency.
This is because the company would be putting the value of its shareholders at danger. The advice is that Microsoft should “evaluate the benefits of holding some, even just 1% of its assets in Bitcoin,” as stated by the organization.
At the same time that MicroStrategy, another big technology company, has reached a new high of $241 this year, this argument is being presented. This might be attributed to the fact that the company’s strategy shift toward investing in Bitcoin has been highly successful.
Starting from the year 2020, the company has gathered a total of 252,220 Bitcoins, which are estimated to be worth around $17 billion respectively.
Over the course of the past year, the stock of MicroStrategy has gained by around 250%, and the stock of Microsoft has increased by approximately 16%. Both corporations have witnessed an increase in the value of their stock.
SOURCE: FCN
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