Apple's Big Bet, Amazon's HQ2, and Facebook's News Feed Reboot
Dana Wollman, Executive Editor at Engadget, discusses Apple's announcement this week that it would invest $350 billion into the U.S. economy over the next five years. Plus, Amazon released its short list of candidates for the highly anticipated HQ2.
Wollman discusses the timing of the announcement and the types of tech jobs it would bring to the U.S. We also discuss Facebook's testing of the new algorithm for its updated News Feed that will prioritize content from family and friends over publishers. As the algorithm has been tested in other parts of the world, researchers have seen the rise of 'fake news' on the platform.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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The Russian company said in a statement that the Commerce Department's decision would not affect its ability to sell its cybersecurity products in the U.S.
