As part of its plan to let go of 18,000 workers, Amazon.com Inc. said in a memo to employees seen by reporters that it will
Category: TECH
Big Tech crisis: Microsoft to cut 11,000 jobs given the worsening global economic outlook.
Thousands of positions will be removed at Microsoft Corp., with certain positions in the engineering and human resources departments possibly being eliminated, according to reports
China takes control of Tech giants with veto rights in 2 Alibaba units.
Business registration records revealed that China has purchased minority holdings with special rights in two domestic subsidiaries of digital giant Alibaba Group Holding Ltd, as
Danish Central Bank and 7 private banks’ websites hit by hackers.
According to the central bank and an IT company that supports the industry, hackers have disrupted access to the websites of Denmark’s central bank and
Microsoft will invest an additional $10b to integrate the GPT3-based chatbot into its search engine Bing.
According to Semafor, Microsoft is negotiating to give ChatGPT owner OpenAI an additional $10 billion as part of its efforts to incorporate the GPT3-based chatbot
China Tech giants: Jack Ma, the founder of Ant Group, will cede authority in a key overhaul.
Jack Ma, the founder of Ant Group, will relinquish control of the Chinese fintech giant as part of a restructuring intended to put an end
Amazon obtains $8b loan, adopts cost-saving measures and market cap falls below $1tr.
In preparation for market challenges, Amazon has received an $8 billion loan. The loan, which was provided by DBS Bank, Mizuho Bank, and others, would
Mastercard must provide competing payment networks, customers’ data to process debit transactions. – FTC.
The Biden administration announced on Friday that it has ordered Mastercard Inc. to stop preventing the processing of debit payments through competitor networks. The Federal
Cambridge Analytica scandal case: Meta to pay $725m for privacy violations.
The parent company of Facebook, Meta, has agreed to pay $725 million to resolve a class action lawsuit alleging that the social media behemoth provided
Meta CEO Mark Zuckerberg rejected takeover bids from Google, Yahoo, and Microsoft. – FTC
The chief executive of Facebook’s parent company Meta, Mark Zuckerberg, testified in court on Tuesday in a case involving attempts by American antitrust authorities to
Load More
