PR News

Israeli AI chipmaker Hailo raised an additional $136 million on Tuesday during a private fundraising event participated in by Gil Agmon, the CEO and majority shareholder of Delek Motors and Poalim Equity, an Israeli-based investment bank. The new funding for Hailo is intended to support the expansion of edge AI as demand for the technology increases across the world. Hailo’s $136 million funding is the biggest of its kind in the edge AI space, and it was necessitated by the explosion of advanced AI processors demand. These processors are being increasingly used in automobiles, smart retail ventures, smart cities ,and... Read More >

For many people, getting a second chance in life is the key ingredient that they really need to truly achieve their potential. That’s one of the reasons why these days, plenty of companies, such as BLK, have started hiring felons and providing them with an opportunity to secure work and a stable source of income. While rebuilding a life might be challenging, given the right support and opportunities, practically everyone can get another chance at an everyday life. Since jobs are made for people, BLK believes that investing in its community means there shouldn’t be any unnecessary barriers in the... Read More >

According to a recent announcement from the European Commission, which is the executive branch of the European Union, there might be new plans that will be forcing electronics and smartphone manufacturers to include a common USB-C charging port on all devices.  This new announcement is likely going to have the biggest impact on Apple, as the company has continued to utilize its own proprietary Lightning connector instead of the common USB-C connector that most of the competitors have already adopted. These new plans arrive  with the intention to cut down on electronic waste in the European Union, as the rule... Read More >

American Tech Giant Apple has reaffirmed its support for its Racial Equity and Justice Initiative with new financial commitments worth $30 million. Its newly unveiled efforts are emphasized by new projects like increased opportunities for learning for HBCUs, its Global Hispanic Serving Institution Equity Innovation Hub, increased funding for social organizations fighting for environmental justice and criminal justice reforms, as well as other initiatives. The new commitments by Apple are to support programmers, amateurs, students, and advocacy groups. Apple intends to enable these individuals and groups on a path towards improved justice and inclusiveness across the world. Amongst other commitments... Read More >

Retail and tech giant Amazon has revealed its plan to recruit 55,000 workers to join its technology and corporate divisions across the world in a few months. Andy Jassy, Amazon's Chief Executive, announced the new recruitment drive during  an interview with Reuters. The drive is the retail organization's first move to hire so many workers under Andy Jassy. Amazon had already grown its staff in 2020, when its workforce exceeded 1.3 million. The company now needs even more workers to support its recent expansion drive. This new recruitment push is the way forward for the company. The new workers will... Read More >

The Labor shortage is biting hard on the American economy and companies regardless of their sizes are feeling it. Big companies like McDonald’s, JBS, Amazon, as well as major hotels and restaurants are feeling the heat of the crisis brought about by the widespread shortage of labor since the pandemic began. Workers lacked the incentive to work during the pandemic because of the various unemployment benefits paid to workers during the pandemic. Now that the pandemic is slowly going away and states are halting the payment of benefits, workers are as reluctant as ever to return to work. Immigration restrictions... Read More >

Google’s sizable workforce has been working from home for more than a year now. The search giant told its employees to work from home when the pandemic hit. Now, nearly two years since it first told workers to begin working from home, Google has pushed back office resumption for its staff by three months, to January. Its employees were supposed to return to the office but that plan has been scrapped for the coming months partly because of the contagious delta strain of the coronavirus that’s been spreading across the US recently.  Due to this new strain, there has been... Read More >

In an unprecedented move, Thailand has announced its plan to start charging and collecting value-added tax (VAT) from technology corporations operating in the country. The plan is to generate about 5 billion baht-- the equivalent of $154.7 million-- from the tax every year. The announcement was made by a senior official of the government.               The new tax rule will affect foreign corporations that operate electronically in Thailand. These companies now have to register with the government to pay VAT payments. Ekniti Nitithanpraphas, a senior official at Thailand’s finance ministry, made the announcement  to reporters. Ekniti also said 69... Read More >

In July, some hotel owners and managers declared their view that the labor crisis that had been plaguing their industry would end once the federal government stopped paying unemployment checks to people. The federal government had declared its intention to cease boosting unemployment benefits by September at that point. Now in September, the labor shortage in the restaurant and hotel industry has only intensified. Customer demand in the industry is rising post-pandemic but the companies cannot meet up with this demand due to the difficulty they currently face in hiring workers. Long-term Labor Crisis Looms The issue isn’t projected to... Read More >

Grubhub and DoorDash are food delivery platforms under the scrutiny of investigators in Chicago for a year over several violations. Now that the investigation has been concluded, the delivery platforms have been slammed with lawsuits following findings that reveal they employed strategies that went against existing laws. The lawsuit by the city of Chicago is an unprecedented assault on the operation of food delivery operators. It was announced on Friday, along with some allegations of unhealthy tactics employed by the organizations concerning multiple violations of laws governing businesses and consumer rights in the region. Chicago officials criticize the companies for... Read More >