For more than a year, few details about the selection process for Amazon’s second North American headquarters — beyond the tech giant’s own disclosures — saw the light of day. But with Amazon’s self-imposed end-of-year deadline approaching, reports are beginning to trickle out about which contenders have the best shot to land the vaunted economic development prize.
The buzz is building for Amazon’s highly-touted HQ2, the company’s ambitious plan to build a secondary headquarters that could rival — or possibly surpass — its massive operation in Seattle. The stage is set, with 20 finalists now in the running for a new headquarters that could employ as many as 50,000 workers.
“If big tech companies are going to turn their back on US Department of Defense, this country is going to be in trouble,” Amazon CEO Jeff Bezos said Monday, defending government contracts amid a wave of employee protests.
Apple and Google have held the top two spots for six consecutive years, according to Interbrand’s Best Global Brands report, while Facebook slipped one place in 2018 to ninth after being the fastest growing brand for five years.
The splurge by tech companies is behind an upswing in capital-goods spending among big U.S. companies, which is seeing its fastest growth in years, according to a Credit Suisse analysis. The $80 billion tab also is a snapshot of why it’s tough to unseat the tech giants. How can a company hope to compete with Google’s driverless cars when it spends $20 billion a year to ensure it has the best laser-guided sensors and computer chips?
The law, passed by the state legislature on Tuesday and signed by Gov. Jerry Brown, requires companies to disclose the types of data they collect about consumers and with whom they share that information. Companies will be forced to let consumers opt-out of having their data sold. The law will also prohibit companies from charging a consumer or treating them differently because they opted out of having their data sold.
No company has been more prolific with patents than IBM. It received 9,043 patents in 2017, marking its 25th consecutive year of dominating the patent rankings -- a fact IBM is not bashful about sharing. This year, it is on pace to top 10,000 patents, according to projections provided to CNNMoney by IFI Claims.
The Echo device in your room could be secretly recording your conversation -- and in some cases, could send it to a random person, according to a report from local Seattle TV network KIRO7.
Engineers are reportedly working on Vesta prototypes with advanced computer vision similar to that in self-driving cars. The robots scan the environment and maneuver around obstacles to navigate your home. Sources who spoke to Bloomberg suggest the robot might be able to follow you around and act as a mobile Alexa-powered speaker, but that hardly seems like a sufficient reason to have a robot.
Tech companies claimed the top five spots in the U.S. for research and development spending again last year, investing a combined total of $76 billion. Amazon was at the top of the list, spending $22.6 billion in 2017, 41 percent more than in 2016 (when it also topped the list).