Software & IT services

Microsoft, Alphabet Shares Slide Amid Investors' Concern on High Cost of AI Development

Microsoft, Alphabet Shares Slide Amid Investors' Concern on High Cost of AI Development

Shares of Microsoft and Alphabet dropped on Tuesday amid investors' concern about the high cost of AI development.


Microsoft's Activision Acquisition and Investments on AI Drive 18% Revenue Surge

Microsoft surpassed analyst expectations on Tuesday, as its heavy investment in artificial intelligence (AI) produced good results.

US Disabled Widespread Chinese Hacking Operation That Compromised Thousands of Internet-Connected Devices: Report

The US has reportedly taken measures to counter a widespread Chinese hacking operation that compromised thousands of internet-connected devices.

Netflix Co-Founder Reed Hastings Donates $1.1 Billion in Shares to Charity Favored by Tech Billionaires

Netflix co-founder and executive chairman Reed Hastings has recently donated two million shares of his holdings in the streaming giant.


Latest News

Russia Orders Apple to Pay $13.6 Million Fine for Alleged App Market Abuse
US tech giant Apple has paid a fine of $13.65 million imposed by Russia's FAS antitrust agency for the company's alleged abuse of its dominant market position concerning in-app payments.
Elon Musk Refutes xAI $500 Million Funding Report, Labels It 'Fake News'
Elon Musk took to social media to deny a report claiming that his AI startup, xAI, has secured $500 million in commitments from investors.
Microsoft Executive Emails Hacked by Elite Russian Hacking Group
In a regulatory filing, Microsoft disclosed that a Russian intelligence group accessed the email accounts of some of the software maker's top executives.
Reddit Aims to Launch IPO in March With $10 Billion Valuation: Report
Popular social media platform Reddit is reportedly gearing up for its long-awaited initial public offering (IPO) in March.
Amazon Rolls Out New Generative AI Tool to Answer Shoppers’ Queries in Seconds
Amazon has launched a new AI tool designed to quickly answer customer queries about a product. Amazon has launched a new AI tool designed to quickly answer customer queries about a product, marking another step in the company's exploration of generative AI.
Elon Musk Seeks 25% Voting Power at Tesla Before Pursuing AI and Robotics
Tesla CEO Elon Musk said he would be uncomfortable leading the automaker in artificial intelligence (AI) and robotics without securing at least 25% voting control of the company.
Microsoft Launches Copilot AI Assistant for Small Businesses and Consumers
Microsoft has introduced its Copilot virtual assistant for small businesses, allowing them to subscribe to the company's AI-powered tool in its productivity apps.
Google Lays off Around a Thousand Workers in Engineering and Other Divisions
Google has laid off around a thousand employees across the company late Wednesday night. Google has laid off around a thousand employees across the company late Wednesday night.
SAP Agrees to Pay Over $230 Million to Settle Bribery Charges, US Authorities Say
German enterprise tech company SAP has agreed to pay more than $230 million to settle investigations into "recidivist" bribery practices in seven countries, US authorities said.
Former OpenAI Researcher Publishes 165-Page AI Essay, Expects Human-Level AI by 2027
OpenAI has launched two new product offerings: the GPT Store and the ChatGPT Team, the company said in a blog post on Wednesday.
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