Thanks to everyone who came out to celebrate Axios' 1st anniversary last night. It was a lot of fun meeting so many Login readers. Many of them didn't believe me, but if you have thoughts, ideas, complaints, news tips, etc., you really can just hit reply and I will get it. Try it!
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You might think that rank-and-file Apple employees would be thrilled with a $2,500 stock grant. While that is probably true for the company's retail workers, who typically don't get such grants, not everyone in the engineering ranks was so pleased.
Baidu announced Thursday it made a trio of hires and is establishing two new AI labs — its biggest moves since Andrew Ng left last March.
New labs: The new research units are a business intelligence lab and another focused on robotics and autonomous driving lab.
“This is the beginning of a new journey for Baidu Research. Our mission will be centered on conducting future-looking fundamental research, setting the direction for Baidu’s future AI development and empowering the company’s long-term strategy.”— Baidu research head Haifeng Wang in a statement
Photo: Niall Carson/PA Images via Getty Images
IBM ended a 22-quarter streak of year-on-year revenue declines on Thursday. The earnings were better-than-expected, though IBM had earlier suggested it would finally see its business turn up for the quarter.
Why it matters: IBM, the fifth-largest private U.S. employer, has seen drastic declines in its legacy hardware and software businesses and has tried to pivot to things like cybersecurity, cloud computing, mobile and AI-powered analytics. Still, IBM faces increasing competition on those fronts from tech giants like Microsoft, Amazon and Google, as CNBC points out.
FCC Chairman Ajit Pai says the agency will vote to find that it’s doing enough to ensure broadband reaches all Americans — the first time the FCC has made that determination in years.
What’s next: The agency has to vote to make the draft report official. That could come as soon as next month.
TechNet, a group of tech CEOs and execs, is urging the Trump administration to preserve the International Entrepreneur Rule, which would grant temporary visas to foreign-born entrepreneurs starting businesses in the U.S. Although the administration’s effort to delay the Obama-era rule was unsuccessful, the Department of Homeland Security is expected to take steps to rescind the rule.
In a letter to DHS yesterday, TechNet also expressed concern about the future of visas for the spouses of high-skilled workers and visa extensions for students studying STEM subjects, as well as ending the DACA program. The group cited a few stats:
Why it matters: Scaling back or ending these visa programs would have a major ripple effect for the tech industry, the companies say, leading to “significant economic costs” and more unfilled jobs. Trump, however, has said American workers should be considered first for some of the jobs filled by visa-holders. While some companies are making efforts to train Americans for some of the persistent openings (Google, for example, announced a certificate program for entry-level IT workers), filling that pipeline won’t happen overnight.