Big players in the tech and finance industry are working with the Biden administration to strengthen cybersecurity guidelines
Biden says that he will work with the tech and finance industries to strengthen cybersecurity guidelines in the US.
Yesterday, he met with a group of Cabinet members and big-name executives from tech, finance and infrastructure companies.
“The federal government can’t meet this challenge alone,” Biden said. “You have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity.”
The guest list included Amazon’s Andy Jassy, Apple’s Tim Cook, Microsoft’s Satya Nadella, Google’s Sundar Pichai and IBM’s Arvind Krishna.
Cybersecurity rises to the top of Biden’s agenda
It seems that cybersecuirty has made its way to the top of Biden’s agenda, likely prompted by a series of high-profile cyber attacks over the course of this year.
Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.
Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.
The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.
Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.
Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.
Tesla is to report first-quarter earnings on Tuesday.