Today: September 21, 2024
Today: September 21, 2024

Technology

Business|Finance|Stock Markets|Technology

Alphabet falls as margin fears, YouTube slowdown eclipse AI boost

Alphabet fell more than 3% on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough

Alphabet falls as margin fears, YouTube slowdown eclipse AI boost
Business|Technology

Delta CEO, in Paris for the Olympics, says outage-related cancellations should end Thursday

The chief executive of Delta Air Lines expects flight cancellations and delays that resulted from a global technology breakdown last week to be resolved by Thursday

Delta CEO, in Paris for the Olympics, says outage-related cancellations should end Thursday
Business|Finance|Technology

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation

Online security and compliance management platform Vanta said on Wednesday it had raised $150 million in a fresh funding round led by venture capital firm Sequoia Capital,

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation
Business|Technology

Microsoft aims to boost AI workload capacity with Lumen partnership

Microsoft will use Lumen Technologies' network equipment to expand its capacity for AI workloads, the companies said on Wednesday, as the technology giant looks to meet growing demand at

Microsoft aims to boost AI workload capacity with Lumen partnership
Crime|Finance|Technology

Meta takes down thousands of Facebook, Instagram accounts running sextortion scams from Nigeria

Meta says it has removed about 63,000 Instagram accounts engaging in sexual extortion scams

Meta takes down thousands of Facebook, Instagram accounts running sextortion scams from Nigeria
Africa|Crime|Technology

Meta removes 63,000 Instagram accounts in Nigeria over 'sextortion' scams

Meta Platforms said on Wednesday it had removed about 63,000 accounts in Nigeria that attempted to engage in financial sexual extortion scams mostly aimed at adult men in the United

Meta removes 63,000 Instagram accounts in Nigeria over 'sextortion' scams
Sports|Technology

Cryptoverse: Soccer tokens shine ahead of summer of sport

As football fever builds for major tournaments in Europe and the Americas, a small yet buzzy part of the cryptoverse is stealing centre stage: fan tokens.

Cryptoverse: Soccer tokens shine ahead of summer of sport
Business|Finance|Technology

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix

U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix
Business|Finance|Stock Markets|Technology

Tesla's bleak margins sink shares as Musk hypes everything but cars

Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and

Tesla's bleak margins sink shares as Musk hypes everything but cars
Business|Europe|Technology

Ferrari extends cryptocurrency payment system to Europe after US launch

Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after

Ferrari extends cryptocurrency payment system to Europe after US launch
Economy|Finance|Stock Markets|Technology

S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily

The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster

S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily
Business|Technology

Malaysia asks Microsoft, CrowdStrike to consider covering losses from global outage

Malaysia's digital minister said on Wednesday he has asked global tech firms Microsoft and CrowdStrike to consider compensating companies that suffered losses during last

Malaysia asks Microsoft, CrowdStrike to consider covering losses from global outage
Business|Europe|Technology

Lilium to begin studying US air-taxi assembly sites this year

Germany-based Lilium plans to begin studying possible air-taxi assembly sites in the U.S. later this year with a goal of having a plant up and

Lilium to begin studying US air-taxi assembly sites this year
Business|Europe|Technology

Spain's antitrust watchdog opens investigation into Apple's app store

Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behaviour by Apple's App Store, an allegation the tech giant denied.

Spain's antitrust watchdog opens investigation into Apple's app store
Business|Economy|Technology

Porsche bids to restore output, tackle supply chain risks in second half

Porsche said on Wednesday it was fighting to restore production volumes and re-prioritise spending towards a more flexible product line-up after months of

Porsche bids to restore output, tackle supply chain risks in second half
Asia|Crime|Technology

Malaysia seeks social media platforms' commitment to tackle cybercrimes

Malaysia is seeking the commitment of social media platforms to tackle cybercrimes ranging from scams, cyberbullying and child pornography, its communications minister said on

Malaysia seeks social media platforms' commitment to tackle cybercrimes
Health|MidEast|Technology

Musk activates internet service in Gaza hospital with help of UAE, Israel

Elon Musk's Starlink satellite internet service has been activated in a hospital in the Gaza Strip with the help of the United Arab Emirates and Israel, the

Musk activates internet service in Gaza hospital with help of UAE, Israel
Business|Europe|Finance|Technology

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal

UniCredit on Wednesday said it was investing 370 million euros ($401 million) to acquire Belgium's digital bank Aion and Vodeno, a provider of cloud-based banking services.

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal
Asia|Business|Europe|Technology

LGES in talks with Chinese material firms to make low-cost EV batteries for Europe

South Korea's LG Energy Solution (LGES) is in talks with about three Chinese suppliers to produce low-cost electric vehicle batteries for Europe, a senior executive

LGES in talks with Chinese material firms to make low-cost EV batteries for Europe
Asia|Business|Finance|Technology

Who is Kim Beom-su, founder of South Korean tech giant Kakao?

South Korean authorities arrested Kim Beom-su, the billionaire founder of tech giant Kakao Corp, on Tuesday on accusations of stock manipulation during the acquisition of a K-Pop

Who is Kim Beom-su, founder of South Korean tech giant Kakao?
Business|Economy|Technology

Australian court rules PayPal's local unit used unfair contract term for small businesses

Australia's federal court has found that PayPal's local unit used an unfair term in its standard contracts with small business customers who overlooked errors in overcharging, the country's

Australian court rules PayPal's local unit used unfair contract term for small businesses
Business|Technology

Foxconn Q2 revenue beats market forecast on AI server demand

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, posted on Friday better-than-expected quarterly revenue on AI server demand,

Foxconn Q2 revenue beats market forecast on AI server demand
Asia|Technology

Bangladesh factories, banks reopen as curfew is eased after protests taper off

Factories, offices and banks reopened in Bangladesh on Wednesday after a nationwide curfew enforced by the army was eased and relative calm prevailed following days of

Bangladesh factories, banks reopen as curfew is eased after protests taper off
Business|Technology

Musk's xAI, Oracle end talks on $10 billion server deal, the Information reports

Billionaire Elon Musk's artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, the Information reported on Tuesday.

Musk's xAI, Oracle end talks on $10 billion server deal, the Information reports
Business|Economy|Environment|Science|Technology

Chile to analyze 81 private lithium proposals, eyeing four projects by 2026

Chilean officials on Tuesday said they will consider 81 proposals for lithium projects, putting the country on track to surpass a goal of four new projects by the end of 2026, even

Chile to analyze 81 private lithium proposals, eyeing four projects by 2026

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