Search results for "IT"

Ericsson to Lay Off 8,500 Employees - Memo

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson’s move would be the largest layoff to hit […]

Chips, EVs Power Biden’s Big Bet on America’s Industrial Policy

A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]

Under the Business Microscope: Orange vs SFR

There is no clear winner in the french telecom sector. Yet one operator may be ahead in the race. It is not over yet. Telecom wars are more of a marathon, and the french telecom scene is no different. While Orange is a legacy name with significant backing and funds, SFR is still doing well. […]

Carbon-Removal Companies Launch Group to Lobby U.S. Government on Policies

More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies to help commercialize the nascent technology, which has received a flood of private investment in recent years. The CRA will represent companies developing technologies to remove carbon emissions, buyers of credits […]

Wall St Slides as Inflation Data Fuels Fed Worries

Wall Street’s main indexes fell more than 1% on Friday as a surge in consumer spending and inflation in January sparked concerns that the Federal Reserve will stick to its hawkish stance for longer. The personal consumption expenditures (PCE) price index, the Fed’s preferred gauge of inflation, shot up 0.6% last month after gaining 0.2% […]

U.S. Manufacturers See Big Boost from Government Subsidies and Tax Breaks

A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]

Mercedes-Benz Cars to Have ‘Supercomputers’, Unveils Google Partnership

Mercedes-Benz said on Wednesday it has teamed up with Google on navigation and will offer “super computer-like performance” in every car with automated driving sensors as it seeks to compete with Tesla and Chinese newcomers. Automakers new and old are racing to match software-powered features pioneered by Tesla, which allow for vehicle performance, battery range […]

Marketmind: Blue Chips Cheered Up

For markets increasingly wary of the inflation and interest rate implications of re-accelerating world growth, the positive of a new burst of economic confidence in the tech sector adds some cheer at least. The new year craze in artificial intelligence and chatbots seems to have electrified chip designer Nvidia, whose stock surged more than 8% […]

AI Traffic Management Is Not an Employment Threat

We are becoming too many. Billions of phone users worldwide generate data, more importantly, create traffic. Telecom operators need help handling such traffic, and AI is here to help. In the current digital age, telecom services are a necessity. Telecommunication is a necessity for all essential services. Telecom companies must make sure their services are […]