wildpixel/iStock via Getty Images The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Job reductions in the sector surpassed 100,000 year to date, reaching 106,630 as of July 12, according to the tracker Layoffs.fyi. The most recent mass layoff in the techContinue Reading
bymuratdeniz/iStock via Getty Images The advent of artificial intelligence (AI) at the start of this decade might be one of the biggest advances in technology over the last 50 years – or at least, that’s what investors certainly seem to think. Bespoke Investment Group on Saturday highlighted that since theContinue Reading
champc/iStock via Getty Images Tony Pasquariello, global head of Hedge Fund Coverage for Goldman Sachs, said that a risk reduction in info tech (NYSEARCA:XLK) equity position could be called for. The info technology stocks, and the core growth/inflation tradeoff are moving the market up, but “there’s a case to beContinue Reading
Vertigo3d We are not at the start of a great rotation, but details from the leading to the 2000 tech bubble burst, may shine a light on what’s happening today, said Deutsche Bank Research’s Jim Reid. Yesterday, 396 stocks of the S&P 500 (SP500) were up, but the overall S&PContinue Reading
tongstock/iStock via Getty Images Australia intends to bring in a law this year which will make it compulsory for internet companies to proactively stop hosting scam ads or face fines, Reuters reported citing, the Australian Competition and Consumer Commission, or ACCC. The consumer regulator and the treasury department are inContinue Reading
KanawatTH Nvidia (NASDAQ:NVDA) dropped 4% on Thursday, and was followed by other big tech Magnificent Seven names such as Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) as investors apparently rotated out of the sector. Nvidia’s drop was its largest since June 24. By late afternoon trading,Continue Reading
JHVEPhoto Accenture’s (NYSE:ACN) proposed deal to acquire silicon design and engineering firm Cientra should continue to add to the former’s technological innovation prowess, Baird said. “The acquisition adds to ACN’s Advanced Technology Centers in India,” Baird analyst David Koning wrote in an investor note. “Cientra’s expertise in embedded IoT andContinue Reading
JulieAlexK The European Commission has accepted commitments by Apple (NASDAQ:AAPL) to give access to the ‘tap and go’ technology on iPhones. The agency has made commitments offered by Apple legally binding under the EU antitrust rules. The Commission said that the commitments address its competition concerns related to Apple’s refusalContinue Reading
simpson33/iStock via Getty Images David Ellison wants to turn Paramount Global (NASDAQ:PARA) into a “media and tech” company that could go head-to-head against the likes of Netflix (NFLX), the billionaire told the Financial Times in an interview a day after reaching a deal with Shari Redstone to buy a controllingContinue Reading
kupicoo Caesars Entertainment (NASDAQ:CZR) announced on Friday that it snapped up ZeroFlucs Group for an undisclosed amount. The acquisition of the Australian trading technology company is anticipated to bolster Caesars Digital’s trading capabilities, including providing customers with a fully in-sourced solution for same-game parlay. The ZeroFlucs acquisition follows a successfulContinue Reading
