fakhar, Author at TECHNOLOGIES.PK

Microsoft Commits $2.2 Billion to Advance Cloud and AI Services in Malaysia

Leave a Comment / Tech News / May 2, 2024 May 2, 2024

On Thursday, Microsoft (MSFT.O) announced its intention to invest $2.2 billion over the next four years in Malaysia, aiming to bolster cloud and artificial intelligence (AI) services. This move underscores the company’s strategic focus on advancing its generative AI technology in the Asian market. This investment, marking Microsoft’s largest in Malaysia over its 32-year presence …

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HCLTech Sees Sharpest Drop in Nearly 17 Months on Disappointing FY25 Outlook

Tech News / April 29, 2024 April 29, 2024

HCLTech (HCLT.NS) witnessed a steep decline of up to 6.3% on Monday, marking its most significant fall in nearly 17 months, following a fiscal 2025 revenue growth projection that fell short of expectations for India’s third-largest software services company. By midday, the stock had recouped some losses but still traded 5.62% lower at 1,392.05 rupees, …

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US Homeland Security Establishes AI Safety and Security Advisory Board

Leave a Comment / Tech News / April 29, 2024 April 29, 2024

The U.S. Department of Homeland Security (DHS) announced on Friday the formation of a distinguished board comprising CEOs from notable entities such as OpenAI, Microsoft, Alphabet (Google’s parent company), and Nvidia. This board will provide counsel to the government regarding the impact of artificial intelligence on critical infrastructure. Tasked with developing recommendations for various sectors …

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Brazil Court: Operational Issues Enabled Active Users Despite Block, Says X

Tech News / April 29, 2024 April 29, 2024

Legal representatives of X appeared before Brazil’s Supreme Court on Friday, acknowledging “operational faults” that allowed users previously ordered to be blocked to remain active on the social media platform. Last week, Supreme Court Justice Alexandre de Moraes sought clarification from the social media giant regarding its alleged failure to fully comply with earlier rulings …

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Telegram Platform Blocks Ukraine Spy Agency’s Key Bots

Leave a Comment / Tech News / April 29, 2024 April 29, 2024

Ukraine’s military intelligence agency GUR announced on Monday that Telegram messaging platform management had taken action to block several official bots advocating against Russia’s military aggression towards Ukraine. In a statement shared on Telegram, GUR expressed its dissatisfaction, stating, “Today, the management of the Telegram platform unreasonably blocked a number of official bots that opposed …

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Thousands Affected as Social Media Platform X Experiences Widespread Outages, Downdetector Reports

Leave a Comment / Tech News / April 29, 2024 April 29, 2024

Thousands of users were left frustrated on Monday as social media platform X encountered widespread outages, as evidenced by data from Downdetector.com. The disruptions, occurring early in the day, sparked a flurry of reports detailing the platform’s unavailability across various regions. Users took to alternative channels to express their frustration, highlighting the reliance on such …

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Tesla Overcomes Regulatory Barriers for Self-Driving in China During Musk’s Visit

Leave a Comment / Tech News / April 29, 2024 April 29, 2024

Tesla has successfully navigated through significant regulatory obstacles that have previously impeded the deployment of its self-driving software in China. This development sets the stage for a positive outcome following Elon Musk’s unexpected trip to the U.S. automaker’s second-largest market. CEO Musk arrived in Beijing on Sunday, reportedly to discuss the implementation of Full Self-Driving …

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Shares of Indian IT company Tech Mahindra soar highest in 8 years on turnaround strategy

Leave a Comment / Tech News / April 26, 2024 April 26, 2024

Tech Mahindra’s (TEML.NS) shares surged by 13.2% on Friday, marking their most significant intraday increase in nearly eight years. This spike followed the announcement of a turnaround plan by India’s fifth-largest IT company, offering reassurance amid declining revenue growth over the past three quarters. As of 11:48 a.m. IST, the stock was up 8.6% at …

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Yandex announces an increase in Q1 revenue amidst market anticipation for spin-off updates.

Leave a Comment / Tech News / April 26, 2024 April 26, 2024

Russian tech giant Yandex revealed a 40% surge in first-quarter revenue, reaching 228.3 billion roubles ($2.47 billion), buoyed by advancements in e-commerce and ride-hailing. The market eagerly awaits updates on an anticipated corporate spin-off. Yandex NV, the parent company listed on Nasdaq and registered in the Netherlands, finalized a $5.2-billion deal in February, selling its …

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Snapchat’s parent company experiences a surge in stock price following surpassing revenue and user growth expectations.

Leave a Comment / Tech News / April 26, 2024 April 26, 2024

Shares of Snap (SNAP.N) surged nearly 25% in premarket trading on Friday, propelled by targeted ads and new features that propelled the photo messaging app’s parent company past Wall Street’s expectations for first-quarter revenue and user growth. Snap now anticipates second-quarter revenue to range between $1.23 billion and $1.26 billion, surpassing analysts’ forecasts of $1.22 …

Snapchat’s parent company experiences a surge in stock price following surpassing revenue and user growth expectations. Read More »