U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production. Shares of the Cupertino, California tech giant lost 2.6 percent and weighed heavily on the benchmark S&P 500 index as worker […]
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The fourth industrial revolution (4IR) has brought new intelligent solutions for water crisis management. From Big Data to Artificial Intelligence (AI), these innovations assist in detecting and anticipating ecosystem changes and natural disasters and assessing water wastage. Technology and Water Crisis Management Technology lends a helping hand to every sector it has been introduced to, […]
International Holding Company plans to sell 20 percent of its technology unit in an initial public offering next year, its CEO told Reuters, adding that the UAE’s IHC is aiming for a first quarter IPO of Pure Health to raise more than $1 billion. IHC, which rose from relative obscurity to become the United Arab […]
Cyberattacks are no longer phantom ghosts that come to haunt enterprises once in a blue moon. Today, cybercrimes have gained momentum and are luring, targeting, and attacking enterprises worldwide, and with that increase comes a heightened need to further optimize cyber security trends in financial services. The third quarter (Q3) of 2022 witnessed a rise […]
Digital technologies have brought myriad new opportunities to all corners of the world. The telecommunication industry has spread its wings and landed on every continent, including Africa. Like in other parts of the world, telecommunications in Africa faces several challenges, i.e., high costs, difficulty reaching populated rural areas, government vs. private sector disputes over infrastructure, […]
Our factories are not what they once were. Modern and future factories are and will be filled with unmanned vehicles, IoT sensors for supply chain management, industrial augmented reality, and more. Every stage of the production process is being impacted by technology, from sophisticated robots in factories to computer vision in warehouses. The future factory […]
As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds. Hunkered in his Bahamas apartment, Bankman-Fried toiled through the night, calling some of the world’s biggest investors, including Sequoia Capital, Apollo Global Management […]
Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing, a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC soaring, closing up 7.9 percent in Taiwan on Tuesday, as it boosted investor sentiment for the world’s largest contract chipmaker, […]
Elon Musk’s resume is ever-growing. At 51 years old, his finger is in many pies: SpaceX, Tesla, Inc, Neuralink, OpenAI, the Musk Foundation, and, most recently, Twitter, Inc. The Elon Musk Updates tells us one thing for sure: he currently is the most interesting man in the cyberspace. From selling shares worth billions of dollars […]
Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date. The cuts, earlier reported by the New York Times, would represent about 3 percent of Amazon’s corporate […]