TikTok dismisses calls for Chinese owners to sell stakes
Meanwhile, lawmakers in both the House and Senate have been moving forward with legislation that would give the Biden administration more power to clamp down on TikTok.
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Facebook parent Meta slashing another 10,000 jobs
Meta previously announced 11,000 job cuts in November, about 13% of its workforce at the time.
Local software startup Elate lands $4.9M VC investment
Indianapolis-based Elate was founded in 2019 by two former coworkers at another local software firm, Springbuk. Elate offers a platform to help organizations develop and execute their strategic plans.
Mark Zuckerberg was warned about social media addiction, filing shows
Employees at Facebook parent Meta Platforms and TikTok developer ByteDance were aware of the harmful effects of their platforms on young children and teenagers but disregarded the information or in some cases sought to undermine it, court filings show.
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Purdue professor puts high-tech spin on old-time construction staple
Luna Lu and her team at Purdue’s Lyles School of Civil Engineering are among a handful of organizations worldwide dabbling in how to commercialize “smart concrete.”
Silicon Valley Bank seized by FDIC as depositors pull cash
The bank failed after depositors—mostly technology workers and venture capital-backed companies—began withdrawing their money and created a run on the bank.
Cummins expects big growth from its alternative-fuels business, CEO says
Cummins brought in $176 million—a tiny fraction of its overall revenue—from its electric and hydrogen products last year. But the company expects revenue to hit as much as $13 billion in 2030.
Congress members warned of significant health data breach
A broker on an online crime forum claimed to have records on 170,000 DC Health Link customers and was offering them for sale for an unspecified amount.
Cummins reveals Accelera as new brand for its green-tech power biz
The rebranding is an attempt to differentiate what until now had been known as Cummins’ New Power business unit, giving it a separate identity from the rest of the 104-year-old company, which has traditionally been known for its diesel engines.
Amazon’s belt-tightening affects towns across United States
For years, Amazon has been in super growth mode. But now, some projects are facing delays, and some communities worry the projects might never materialize.
Twitter hit by glitches as links, images fail to load
The company experienced an uptick of instability and bugs in recent months after new owner Elon Musk cut its staff sharply.
Microsoft’s latest AI assistant aimed at marketers, customer reps, work apps
Microsoft, having brought artificial intelligence to its battle with Google over search, is now turning to the latest AI technology to catch up with rivals in the corporate applications market such as Oracle, Salesforce and SAP.
Amazon pauses construction on 2nd phase of HQ2 campus in Virginia
The company has already hired more than 8,000 employees in the Arlington, Virginia, area and will welcome them to Met Park campus, the first phase of development, when it opens this June.
iPhone maker plans $700M India plant in shift from China
The investment is one of Foxconn’s biggest single outlays to date in India and underscores how China’s at risk of losing its status as the world’s largest producer of consumer electronics.
Ivy Tech to roll out new Ivy+ tech training program this month
Ivy+, which will offer non-degree credentials and skills training, launches in mid-March in Muncie, with an expected statewide rollout by the end of the month. Ivy Tech says it expects to enroll a cumulative 6,000 students by the end of next year, helping to ease Indiana’s tech workforce shortage.
TikTok adds 60-minute limit for teens but leaves big loopholes
The purported “limit” has been introduced as TikTok encounters significant political pressure in the United States from lawmakers in both major parties.
High-skilled visa holders at risk of deportation amid tech layoffs
Many of the tech firms that lobbied for more temporary visas for high-skilled immigrants are now firing these workers, leaving them with 60 days to find a new job or leave the country.
Tech’s next frontier: Indiana companies are making their way to Web 3.0
Web 3.0 is built upon the core concepts of decentralization and openness. Its features include artificial intelligence, machine learning and blockchain technology.
Indiana bill to criminalize nefarious GPS tracking advances to Senate
Although the proposal advanced 8-0, lawmakers cautioned that the bill still needs more work. More amendments are expected in the full chamber.