Amazon: Revenue Forecast Below Wall Street Targets
Amazon.com shares fell nearly 8% after reporting slower second-quarter online sales growth and wary buyers exploring cheaper options The…
Turkey Blocks Instagram Access Without Explanation
On Friday, Turkey’s infotech authority announced that Instagram and its mobile app were disabled without a cause or duration The action…
AI Threatens Striking U.S. Video Game Actors Jobs
Striking video game voice actors and motion-capture performers held their first picket on Thursday in front of Warner Bros. Games and said…
Intel to Cut 15% of Jobs, Suspend Dividend
As part of the turnaround of its money-losing manufacturing sector, Intel announced on Thursday that it would cut 17,500 jobs and suspend its…
Atos H1 Operating Loss Increases After Charge
On Thursday, French technology company Atos reported a first-half operating loss due to impairment costs and lower revenues due to weaker…
Arm Stock Falls 11% on Tepid AI Outlook
On Wednesday, Arm’s conservative sales prediction caused a stock selloff as investors were concerned that AI computing spending would…
Shareholders Sue CrowdStrike Over Major Outage
CrowdStrike shareholders sued the cybersecurity business for concealing how its poor software testing caused the July 19 global outage that…
Worldline Shares Plunge After Outlook Cut
Worldline shares fell to an all-time low on Thursday after the French payment technology group lowered its 2024 outlook due to a significant…
AI Boosts Tech Funding, Deepfakes Pose Risk
On Thursday, Gallagher Re reported that global financing for insurance technology (insurtech) firms climbed 40% to $1.27 billion in the second…
ECB Cyber Test Finds Banks Need Improvement
The European Central Bank warned Friday that eurozone banks have “room for improvement” in cyber security, starting with how they…
Musk to Discuss $5B xAI Investment With Tesla Board
Tesla CEO Elon Musk said Thursday that he and the board will examine investing $5 billion in his artificial intelligence venture xAI, raising…
Toyota to Build EV Battery Plant for Lexus
The Nikkei Business newspaper reported that Toyota Motor plans to develop an electric vehicle battery plant in Fukuoka and provide batteries…
Capgemini Predicts Revenue Drop Amid Auto, Aerospace Slump
On Friday, French IT company Capgemini anticipated a surprising drop in yearly revenue, citing a downturn in the automotive and aerospace…
CrowdStrike: 97% of Windows Sensors Back Online
On Thursday, CrowdStrike CEO George Kurtz claimed more than 97% of Windows sensors are back online nearly a week after a software update…
Meta Deletes 63,000 Instagram Accounts in Nigeria For Sextortion Scams
Meta Platforms said Wednesday it removed 63,000 Nigerian accounts that attempted financial, and sexual extortion, largely targeting US adult…
Bitfarms Adopts New ‘Poison Pill’ After Tribunal Terminates First
Bitcoin miner Bitfarms adopted a second ‘poison pill’ on Wednesday after a Canadian tribunal halted the first to prevent Riot…
Megacap Stock Selloff Reflects Tech Concerns
A drop in heavyweight stocks that have driven markets higher this year highlights Wall Street’s sensitivity to Big Tech trade…
Nvidia Supplier SK Hynix Posts 6-Year Profit High Amid AI Boom
On Thursday, Nvidia supplier SK Hynix reported its best quarterly earnings since 2018 and predicted continued strong AI chip demand, including…
Taiwanese Rocket Firm Tests Japan’s Space Hub Plans
A Taiwanese entrepreneur wants to launch a rocket from Japan by early next year, helping Tokyo become Asia’s space hub In the context of…
Hackers Leak Leidos Documents, Bloomberg Reports
On Tuesday, a source told Bloomberg News that hackers took internal papers from Leidos Holdings Inc., one of the largest U.S. government IT…