Wells Fargo CEO sorry for ‘insensitive comment’ on diversity

Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups.

Reuters reported on Tuesday that Scharf had exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there were not enough qualified minority candidates.

He also made the assertion in a company-wide memo on June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd, an unarmed African-American man, in police custody.

“There are many talented diverse individuals working at Wells Fargo and throughout the financial services industry and I never meant to imply otherwise,” Scharf said in a statement on Wednesday.

“Across the industry, we have not done enough to improve diversity, especially at senior leadership

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WWE 2K Battlegrounds Has Free Post-Launch DLC

2K Games latest WWE venture isn’t the simulation-style romp fans have come to expect. WWE 2K Battlegrounds is an arcade-style fighter, and aside from gameplay, 2K is also doing things a bit differently when it comes to post-launch content.

With WWE wrestling games, fans have come to expect massive rosters, and Battlegrounds comes with over 70 at launch. And with post-launch, players will be getting more than 60 more wrestlers to bring to the ring.

However, in order to get these new wrestlers, you won’t have to pay an additional fee. “All of it is free updates,” Sean O’Connor executive producer, publishing at 2K Games told GameSpot. “You don’t even have to go download DLC. The game will just update, and there’ll be new stuff to unlock and explore and play with.”

There haven’t been any other announcements about post-launch content aside from the previously revealed wrestlers, but there will

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Last Chance To Grab Free Nintendo Switch Jump Rope Game

Back in June, Nintendo released a small, free fitness game on the Switch eShop called Jump Rope Challenge. If you’ve yet to download it, your time to do so is quickly running out, as the game will only be available on the digital storefront until the end of the month.

As the company previously announced, Jump Rope Challenge is being removed from the eShop on September 30. It’s unclear if it will be offered again in the future, so if you’re interested in grabbing it, you should do so before that date.

Jump Rope Challenge
Jump Rope Challenge
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Nintendo says Jump Rope Challenge was “created by a small group of Nintendo developers while working from home in Japan as a simple game to add some quick and fun movement into their daily lives.” The game uses Switch’s Joy-Con controllers to mimic jump rope handles and tracks how many times you’ve virtually jumped rope

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DOJ to Propose Legislation Targeting Legal Immunities for Internet Companies, in Bid to Curb Illegal Content

The Justice Department will propose on Wednesday that Congress craft legislation stripping big internet companies of some legal immunities in an attempt to curb illegal or unfair practices, the Wall Street Journal reported.

The proposal calls for legislation curbing the immunities granted by Section 230 of the Communications Decency Act, which shields internet platforms from legal liability if a user uploads illegal content, such as a defamatory or libelous blog post. The Justice Department hopes that by threatening to revoke this immunity in certain cases and open up internet companies to potentially damaging lawsuits, Congress can essentially compel those companies to institute practices and policies that are better for the civic health of the country.

Both Republicans and Democrats have voiced concerns over aspects of various internet companies over the past several years. Democrats have criticized Facebook in particular for what they see is the company’s permissive attitude toward the

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WhyLabs raises $4 million to grow AI and data monitoring platform

WhyLabs is launching out of stealth today with $4 million to grow its platform for data scientists who need help monitoring and troubleshooting problems they encounter with datasets or AI models. The goal is to help teams managing machine learning models save time and catch problems before they make trouble for businesses or customers. Though more businesses are finding ways to apply AI to their operations, many still encounter issues when trying to deploy machine learning in the wild. A 2019 IDC report, for example, found that for one in four companies, half of all AI projects fail.

The seed round was led by Madrona Venture Group, with participation from Bezos Expeditions, Defy Partners, Ascend VC, and the Allen Institute for Artificial Intelligence. The funding will be used to hire engineers and for product development, COO and cofounder Maria Karaivanova told VentureBeat in a phone interview. WhyLabs was founded in

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How Illinois Facebook Users Can Get A Settlement Payment From A Class Action Unit

Live in Illinois and use Facebook? Bad news: the platform may have stored your information about your face without consent. But now there’s good news: you might be able to claim part of a cash settlement.

Facebook recently settled an Illinois suit which claimed that its collection of “face prints” for its face tagging photo feature violated the Illinois Biometric Information Privacy Act. The suit alleges that the social network stored the prints of users from June 7, 2011, to Aug. 19, 2020, which the company itself disputes.

“We decided to pursue a settlement as it was in the best interest of our community and our shareholders to move past this matter,” a Facebook spokesman told the New York Times about the matter.

Individuals are eligible for the settlement if they resided in Illinois and had a Facebook profile that was stored from June 7, 2011, onward. If you believe

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Wellness app Urban just raised $7.6m in seed funding

  • Fitness and beauty marketplace Urban just raised close to $8 million in seed funding from BNF Capital and crowdfunders on Seedrs. 
  • Urban pairs users with fitness and beauty professionals though its app, with the wider wellness economy valued at as much as $4 trillion.
  • Speaking to Business Insider, cofounder Jack Tang revealed how the firm had coped with the “huge hole” left in its revenue due to the COVID-19 pandemic. 
  • Visit Business Insider’s homepage for more stories.

Beauty and fitness startup Urban has raised close to £6 million ($7.6 million) in a seed funding round backed by family office BNF Capital. 

Founded in 2014, Urban markets itself as the “wellness app for busy people”, providing customers with a platform to book hairdressers, fitness experts, and other wellness professionals to their own homes.

The concept is similar to another UK beauty marketplace, Treatwell, which allows users to book salon appointments in

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What Microsoft’s $7.5B purchase of Bethesda parent ZeniMax means for Xbox Series X


Microsoft’s making more investments in its Xbox gaming franchise.

James Martin/CNET

Microsoft’s Xbox team significantly expanded its list of game development studios on Monday, announcing the purchase of ZeniMax Media for $7.5 billion in cash. The entertainment company owns several industry-leading game developers, including Bethesda Softworks, the maker of the post-apocalyptic Fallout games and the fantasy series The Elder Scrolls. It also owns Id Software, known for its Doom, Rage and Wolfenstein shooting game franchises.

The move grows the number of in-house Xbox game development studios to 23, up from 15 earlier, giving it control of some of the game industry’s most popular franchises. Microsoft also plans to run Bethesda as its own division, with leadership and structure intact. 

“As a proven game developer and publisher, Bethesda has

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SXSW Is Coming Back (Online, At Least) In 2021, And Could Hold In-Person Festival


South by Southwest, the Austin, Texas-based music and tech festival that has become immensely popular in recent years, is coming back for 2021 with the first-ever “SXSW Online” festival, which will take place digitally, but organizers are also leaving open the possibility of an in-person festival, as well.

Key Facts

South by Southwest, stylized as SXSW, announced Tuesday that it would be launching “SXSW Online” for 2021, with the event scheduled to take place from March 16-20.

The online event will include many of the experiences the festival has become well-known for, including “conference keynotes and sessions, screenings, showcases, networking, and exhibitions.”

SXSW EDU, which focuses on tech education, will also hold an online event from March 9-11.

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Apple ‘iPhone 12’ event rumored for Oct. 13 as Eddy Cue promotes Services to UK carrier staff

Apple may be preparing to hold its next special event for the “iPhone 12” on October 13, meanwhile Eddy Cue has appeared in an internal presentation for a UK carrier about the next iPhone, and its rumored 5G capabilities.

Apple is anticipated to be holding a second special event in the not too distant future, but it is unclear when it will take place. According to a tipster contacting AppleInsider, Apple will be holding the event on Tuesday, October 13, with preorders starting the following Friday, October 16.

The tip was sent by someone self-identified as working for a carrier in the Netherlands. While there is no concrete evidence corroborating the event date itself, the message’s IP address is one within a range controlled by a carrier’s corporate network.

Meanwhile, elsewhere in Europe, another carrier is gearing up for Apple’s product launch, and is similarly expecting 5G connectivity. An

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