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Takeover of Musk's Twitter account: Billionaire disputes rumors' that he will terminate employees to avoid paying money.

In order to avoid having to make payments, according to a New York Times report, Elon Musk intends to fire Twitter employees before the beginning of the following month.

In response to a tweeter's inquiry over the report, he stated: "This is incorrect."

After months of legal wrangling, Mr. Musk finally completed his $44 billion (£37.9 billion) acquisition of the social networking company last week.

Top executives of the company, including the chairman, chief financial officer, and chief executive, all left after the takeover.

The New York Times reported over the weekend that Mr. Musk had mandated significant job cuts across Twitter's personnel.

learn more: https://www.bbc.com/news/business-63451979

Musk Twitter takeover: Billionaire denies report he plans to fire workers to avoid payouts The world's richest man completed his takeover of the platform last week after months of legal wrangling.

Jeff Bezos of Amazon issues a "Batten down hatches" warning regarding the economy.

Jeff Bezos, the founder of Amazon, has joined his voice to the chorus of people predicting trouble for the US economy.

The billionaire claimed on social media that the economy was telling people to "batten down the hatches."

In the US, growth has already slowed for two consecutive quarters, a development that in many other nations—but not in the US—is regarded as a recession.

Numerous economists anticipate a further slowdown as a result of the US central bank raising interest rates to combat increasing costs.

Recently, US President Joe Biden was compelled to address the matter due to the constant uproar of worry.

He stated last week in an interview "There won't be a recession, in my opinion. If so, the recession will be quite small ".

learn more: https://www.bbc.com/news/business-63319010

Amazon's Jeff Bezos in economy warning: 'Batten down hatches' With economic gloom on the US's horizon, the tech giant's boss points out warning signals.

Google teases incredibly lifelike chat technology

An app that allows people to communicate with the artificial intelligence system one of Google's developers claimed was sentient has been released in the UK.

With only three options, the experiment is extremely constrained.

Additionally, although Google is interested in input on how its Language Model for Dialogue Applications (Lamda) functions, users of the apps are unable to teach it any new skills.

The business has consistently claimed that the technology used to power chatbots is mindless and emotionless.

learn more: https://lnkd.in/eXUcGsei

Google offers glimpse of ultra-realistic chat tech Earlier this year, the company fired an engineer who claimed the Lamda AI language system had feelings.

Zoetop, the owner of Shein, was fined $1.9 million for their response to the data breach.

Due to how it handled a data breach, the owner of the fast-fashion website Shein was fined $1.9 million (£1.69 million).

In 2018, 39 million Shein accounts' login information was stolen after its parent business, Zoetop, was attacked by hackers.

Letitia James, the attorney general for New York, alleged that Zoetop had exaggerated the scope of the breach and had informed "just a portion" of the consumers who were impacted.

Shein claims that it has improved its cyber-security by taking "major efforts."

Tens of millions of Shein account holders had their names, email addresses, passwords, and credit card information stolen by hackers and sold online.

learn more: https://lnkd.in/dkwbxxce

Shein owner Zoetop fined $1.9m over data breach response New York Attorney General Letitia James accuses Zoetop of lying about the extent of the 2018 attack.