Businesses Spent $15bn More A Week On Technology During Pandemic

Businesses around the world spent the equivalent of $15bn extra a week on technology as they transitioned to remote working as a result of the pandemic, according to the 2020 Harvey Nash/KPMG CIO Survey.

Harvey Nash and KPMG claim it is the largest IT leadership survey in the world, with over 4,200 CIOs and technology leaders taking part across 108 countries. This year the survey was split into two – one prior to Covid-19 and one during the pandemic.

The survey found that over an eight-week period, between 5 June and 10 August, global technology leaders reported a median additional technology spend of 5% to deal with the Covid-19 crisis as a percentage of the total of their annual IT budget.

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ByteDance says it will not transfer algorithm to Oracle

The logos of the Chinese video portal TikTok and the US software and hardware manufacturer Oracle Corporation can be seen on a smartphone and screen on September 14, 2020 in Berlin, Germany.

Thomas Trutschel | Photothek | Getty Images

GUANGZHOU, China — ByteDance will not transfer algorithms and technologies to Oracle as part of a deal announced over the weekend to keep social media app TikTok operating in the U.S.

President Donald Trump said he approved a deal on Saturday that will see the creation of a U.S.-headquartered firm called TikTok Global with Oracle and Walmart taking minority stakes. Oracle will become TikTok’s secure cloud provider and host U.S. user data. 

But the deal does not entail any transfer of algorithms and technologies, according to a statement from ByteDance on Monday. The company said Oracle can instead check the source code. 

“The current plan does not involve the transfer of

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EU seeks new powers to police technology giants in Europe

The European Union is seeking new powers to police and penalize technology giants, like Apple, if their market dominance appears to threaten consumers or smaller rivals.

In recent years, the EU has stepped up efforts to curb the power of tech giants. In July, the EU announced plans to impose new tax, privacy, and online content rules.

Now, Brussels is seeking new powers to take on tech giants, including the ability to compel tech giants to break up, sell their European operations, or exclude companies from a single market altogether, The Financial Times reported on Monday.

Additionally, the EU is also mulling a rating system that could allow stakeholders and the public to assess a tech giant’s behavior in areas such as tax compliance and the speed at which they take down questionable content.

EU commissioner Thierry Breton, who is spearheading the new rules, told FT that some of those

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Paradox: Covid crisis elevates technology professionals’ stature, but limits career growth

No in-person conferences. No get-to-know-you-dinners. No hallway encounters in conference centers and hotels. While the Covid-19 crisis has put the kibosh on many things, active career development may be one of those things. 

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Photo: Joe McKendrick

A majority of the 1,625 professionals — many from the technology sector — responding to a survey by Blind, an anonymous professional network, finds 53% claim their careers have been negatively impacted by the crisis. Putting things in perspective, of course, one shouldn’t complain if they kept their job — and their health — through these last six brutal months. And yes, sustaining and maintaining operations and decent user/customer experience through all this was quite a learning experience that will definitely shine on many resumes. 

The recent crisis has been a mixed bag for IT professionals. The role of IT has been elevated to the highest echelons in the organizations, which recognized they simply

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The Technology 202: Here are six questions about the tentative deal between Trump and TikTok

Trump told reporters that he had “approved the deal in concept.” 

But Trump’s statements about the deal generated a host of new questions. 

Here’s what we’ll be tracking over the coming days and weeks. 

1. Is this a political win for Trump? 

“Conceptually, I think it’s a great deal for America,” Trump told reporters on Saturday night. 

Trump is claiming victory because such a deal would create more American jobs and tax revenue. The president also said the agreement would ensure the security of Americans’ data. 

But the latest deal is a significant step back from the full-on sale to an American company Trump originally pushed. Oracle confirmed in a statement that its investment with Walmart would account for 20 percent of TikTok Global. 

Oracle said this morning ByteDance will have “no ownership” in the new entity. 

Upon creation of TikTok Global, Oracle/Walmart will make their investment and the

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YI Technology Launches Two New Home Security Solutions

YI Technology has made a name for itself as a company that offers products for prices lower than the brand names. It has now announced two new home security solutions, both powered by advanced artificial intelligence (A.I.).

The first is the Kami Mini, an indoor camera with a small form factor that’s perfect for keeping an eye on things inside the house. The Kami Mini uses facial detection and will alert you when it detects human movement. The A.I. helps filter out false alarms caused by pets, insects, and other types of movement.

It also works with Amazon Alexa and Google Assistant. You can ask either one of the smart assistants to show the feed on a connected display if you’d like to monitor the camera on a larger feed than your phone.

The Kami Mini is also certified through Noonlight to help users reach the correct emergency center. Customers

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