Amazon Tech giant cuts hundreds of jobs in cloud computing unit
Technology giant Amazon has announced job cuts affecting hundreds of staff at its cloud computing business. Amazon Web Services (AWS) has been growing and now…
Category: TECHNOLOGY
TECHNOLOGY
WhatsApp, Instagram and Facebook apps hit by outage
WhatsApp, Facebook and Instagram all went down briefly on Wednesday during a major outage at parent company Meta. Thousands of app users reported issues accessing…
Hong Kong investment banking giant launches first tokenized commercial paper on Ethereum
share In a landmark development, GF Securities, a leading investment banking giant based in Hong Kong, has announced the launch of Hong Kong’s first tokenized…
Sam Bankman-Fried Disgraced to be sentenced
By Natalie Sherman Business reporter, New York Sam Bankman-Fried, the former billionaire crypto boss who was convicted of fraud and money laundering last year, will…
Xiaomi The Chinese smartphone giant taking on Tesla
Chinese smartphone maker Xiaomi is set to launch its first electric vehicle (EV) and begin taking orders on Thursday. Its chief executive Lei Jun said…
Superconductor claims spark investor frenzy, but scientists are skeptical
Last week, two papers by South Korean scientists made an extraordinary claim that sparked a social media frenzy and pushed up prices of some stocks…
Elon Musk launches AI firm xAI as he looks to take on OpenAI
Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S.…
Twitter threatens Threads lawsuit against Meta
Twitter has threatened to sue Meta Platforms (META.O) over its new Threads platform in a letter sent to the Facebook parent’s CEO Mark Zuckerberg by Twitter’s lawyer Alex Spiro.…
China’s Alibaba unveils AI image generator to take on Midjourney, DALL-E
HONG KONG – Alibaba Group Holdings Ltd (9988.HK) announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers in beta form, as it…
Thomson Reuters to acquire legal AI firm Casetext for $650 mln
Thomson Reuters (TRI.TO) said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law professionals, in a $650 million…