Wall Street closed sharply higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year. All three major stock indexes extended Friday’s gains, with the tech-heavy Nasdaq leading the pack, boosted by semiconductor shares. “(Chips are) a group that’s […]
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Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
Google’s parent Alphabet Inc is eliminating about 12,000 jobs, or 6% of its workforce, it said Friday, as Silicon Valley reels from recent layoffs and faces a troubled outlook. Alphabet, whose shares rose 3% in pre-market trading, is making the cuts just as the U.S. company confronts a threat to its long-held perch atop the […]
The Internet of Things (IoT) is everywhere, from microchipped pets and cattle to continuous glucose monitoring (CGM) devices. But these, at times, lifesaving innovations were only possible with the ever-exciting cloud computing technology. Cloud computing has now become the basis of providing shared computing resources, such as applications, computing, storage, networking, development, and more, through […]
All of today’s search engines operate similarly. A list of links is provided after you type a question or a few keywords, ideally including the information you are looking for. But what if search engines mixed the links and instead used artificial intelligence to send you information directly? That may soon be how Bing functions. […]
As we hear the argument about tech companies taking over the responsibility of governments, our minds technically travel back to the early days of Covid19 pandemic, when everything suddenly became virtual. This downturn had no alternative, which made every sector reliant on technology. Technology has played a dominant role in implementing government systems on a […]
In light of Microsoft’s recent expensive investment in OpenAI after their generative artificial intelligence (AI) ChatGPT went viral, everyone is wondering how the game has changed since Big Tech giants set the rules for the rest of us. OpenAI is a startup company specializing in artificial intelligence research to promote and develop friendly AI to […]
The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve’s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace. Officials at the Fed’s Dec. 13-14 policy meeting agreed the U.S. […]
Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduction of its workforce as the advertising market cratered. Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to startup accelerator Y […]