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Technology

Technology

India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived

The deal, announced more than two years ago, was perceived as crucial for the survival of the companies in a highly competitive market. Bloomberg...

by admin February 20, 2024
India’s Zee Entertainment pops 10% on report that  billion merger with Sony is being revived
Technology

Alibaba bets on overseas e-commerce unit amid sluggish growth in China

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images...

by admin February 19, 2024
Alibaba bets on overseas e-commerce unit amid sluggish growth in China
Technology

Sony to release a ‘Pro’ version of the PlayStation 5 this year after cutting outlook, analysts say

Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images...

by admin February 19, 2024
Sony to release a 'Pro' version of the PlayStation 5 this year after cutting outlook, analysts say
Technology

Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in ‘bloodbath’

The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai,...

by admin February 19, 2024
Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in 'bloodbath'
Technology

Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025

A statue of Nintendo’s video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan. Kiyoshi Ota | Bloomberg...

by admin February 19, 2024
Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025
Technology

Sony plunged $10 billion after its PS5 sales cut. But a bigger issue is its near decade low games margin

The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Around $10 billion of value was wiped off Sony’s...

by admin February 18, 2024
Sony plunged  billion after its PS5 sales cut. But a bigger issue is its near decade low games margin
Technology

What the U.S. can learn from Norway when it comes to EV adoption

Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according...

by admin February 17, 2024
What the U.S. can learn from Norway when it comes to EV adoption
Technology

Microsoft, Google, Amazon and tech peers sign pact to combat election-related deepfakes

A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in this year’s elections. The industry is...

by admin February 16, 2024
Microsoft, Google, Amazon and tech peers sign pact to combat election-related deepfakes
Technology

Coinbase shares surge after posting first quarterly profit in two years

Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Michael Nagle |...

by admin February 16, 2024
Coinbase shares surge after posting first quarterly profit in two years
Technology

Jeff Bezos sells more than $2 billion in Amazon stock for third time this month

Jeff Bezos looks on from the sidlines before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium...

by admin February 15, 2024
Jeff Bezos sells more than  billion in Amazon stock for third time this month
Technology

Toast will lay off 10% of its workforce, about 550 employees, as growth slows

A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City,...

by admin February 15, 2024
Toast will lay off 10% of its workforce, about 550 employees, as growth slows
Technology

Trade Desk shares soar on revenue beat and strong guidance

Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology...

by admin February 15, 2024
Trade Desk shares soar on revenue beat and strong guidance
Technology

Crypto venture funding climbs for first time in nearly 2 years after bitcoin’s stellar run

Jonathan Raa | Nurphoto | Getty Images Crypto had a big bounceback year in 2023. Now, venture investors are returning. Venture funding for crypto-related...

by admin February 15, 2024
Crypto venture funding climbs for first time in nearly 2 years after bitcoin's stellar run
Technology

TikTok, Facebook and YouTube sued by New York City for alleged harm to kids’ mental health

New York City Mayor Eric Adams said Wednesday that his administration has filed a lawsuit against the parent companies of TikTok, Instagram, Facebook, Snapchat...

by admin February 15, 2024
TikTok, Facebook and YouTube sued by New York City for alleged harm to kids' mental health
Technology

SpaceX files to move incorporation site from Delaware to Texas

A SpaceX Falcon 9 rocket lifts off on the USSF-124 mission for the U.S. Space Force and Missile Defense Agency in Cape Canaveral, Florida,...

by admin February 15, 2024
SpaceX files to move incorporation site from Delaware to Texas
Technology

Twilio begins operational review of activist-targeted business unit

Jeff Lawson, (C) Founder, CEO, & Chairman of Communications software provider Twilio Inc., rings the opening bell to celebrate his company’s IPO at the...

by admin February 14, 2024
Twilio begins operational review of activist-targeted business unit
Technology

Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company

NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023. Edgar Su | Reuters Nvidia surpassed Google parent Alphabet in...

by admin February 14, 2024
Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company
Technology

Tech companies like Google and Meta made cuts to DEI programs in 2023 after big promises in prior years

Shortly after the murder of George Floyd at the hands of Minneapolis police in 2020, Google was among many tech companies that set up...

by admin December 22, 2023
Tech companies like Google and Meta made cuts to DEI programs in 2023 after big promises in prior years
Technology

Tencent loses over $43 billion in market value after China proposes new online gaming rules

Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing...

by admin December 22, 2023
Tencent loses over  billion in market value after China proposes new online gaming rules
Technology

Apple has stopped selling some Apple Watches on its website because of patent dispute

An Apple Watch Ultra 2 device is displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept....

by admin December 21, 2023
Apple has stopped selling some Apple Watches on its website because of patent dispute
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