Tech News Archives - Page 17 of 39

Turkish Competition Authority Penalizes Google for Non-Compliance with Regulations

Leave a Comment / Tech Auto's, Tech News, Tech Trends / May 16, 2024 May 16, 2024

On Thursday, the Turkish competition authority announced its decision to impose fines on Google for its failure to meet obligations concerning a segment of its local search services. The authority stated that it would levy daily fines equivalent to five ten-thousandths of Google’s 2023 revenues until the company adheres to the decisions of the competition …

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Cisco climbs as demand for networking equipment rebounds

Leave a Comment / Future, Markets, Tech News / May 16, 2024 May 16, 2024

Shares of Cisco Systems surged approximately 4% before the market opened on Thursday following an optimistic fourth-quarter outlook, indicating a continued improvement in demand for networking equipment and the anticipated benefits from its $28 billion acquisition of cybersecurity firm Splunk. As the world’s largest networking equipment manufacturer (CSCO.O), Cisco had faced challenges due to subdued …

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Baidu Exceeds Quarterly Revenue Expectations Driven by Advertising Revival and Increased Cloud Needs

Leave a Comment / Tech News / May 16, 2024 May 16, 2024

China’s Baidu (9888.HK) surpassed analysts’ projections for first-quarter revenue on Thursday, fueled by a resurgence in advertising revenue and heightened demand for its AI-driven cloud offerings. As China’s leading search engine provider, the company reported revenue of 31.51 billion yuan ($4.37 billion) for the quarter ended March 31, exceeding analysts’ average estimate of 31.21 billion …

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GameStop and AMC Decline as Momentum Fades for Meme Stock Rally

Leave a Comment / Markets, Tech News / May 16, 2024 May 16, 2024

Retail favorites GameStop (GME.N) and AMC (AMC.N) continued their decline in premarket trading on Thursday, as the excitement surrounding the resurgence of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy, fades away. GameStop shares tumbled 14% to $34 after spiking to as high as $64.83 earlier in the week, resulting in $1 …

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Meta under scrutiny in EU investigation for child safety concerns

Leave a Comment / Markets, Tech News / May 16, 2024 May 16, 2024

Meta Platforms, the parent company of social media giants Facebook and Instagram, faces an EU investigation for potential violations of online content regulations pertaining to child safety, EU regulators announced on Thursday. The investigation could result in significant fines. Tech firms are mandated to take stronger actions against illegal and harmful content on their platforms …

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YouTube to restrict access to Hong Kong protest anthem videos following court order

Tech News, Tech Trends / May 15, 2024 May 15, 2024

YouTube announced on Tuesday its compliance with a court ruling to block access within Hong Kong to 32 video links identified as prohibited content, a move criticized by some as a setback for freedoms in the financial center amid tightened security measures. The decision came after Hong Kong’s Court of Appeal granted a government application …

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Sony stock surges 12% on announcement of buyback and dividend strategies, elevated profit forecast

Tech News / May 15, 2024 May 15, 2024

Sony Group (6758.T) shares surged 12% during early Tokyo trading on Wednesday following the company’s announcement of plans to enhance shareholder returns and project a higher annual profit, boosted by its image sensors business. The technology and entertainment conglomerate revealed intentions to allocate up to 250 billion yen ($1.6 billion) for a share buyback and …

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Surge in Huawei Flagship Store Activity in China Heralds Showdown with Apple

Tech News / May 15, 2024 May 15, 2024

Huawei is overhauling its retail strategy, rapidly unveiling flagship stores across China, many positioned in close proximity to Apple (AAPL.O) outlets, signaling its ambition to reclaim the throne in the world’s largest smartphone market. Located directly opposite Apple’s Shanghai flagship store, Huawei’s newly revamped establishment spans three floors of a renowned heritage building in the …

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Alphabet debuts beefed-up AI search and chatbot as competition heats up

Leave a Comment / Tech News / May 15, 2024 May 15, 2024

In Mountain View, California, on May 14, Google parent company Alphabet (GOOGL.O) showcased its advancements in artificial intelligence (AI) across its various ventures. This included enhancements to its Gemini chatbot and upgrades to its renowned search engine, as the tech giant accelerates its efforts to stay competitive in the AI landscape. The series of announcements …

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Co-founder Ilya Sutskever leaves the company behind ChatGPT.

Leave a Comment / Tech News, Tech Trends / May 15, 2024 May 15, 2024

Co-founder and chief scientist Ilya Sutskever bids farewell to OpenAI, a pivotal player in today’s artificial intelligence advancements. “OpenAI owes much to his contributions,” remarked OpenAI CEO Sam Altman in a company-wide message, as conveyed on the organization’s blog.OpenAI, backed by Microsoft (MSFT.O), is renowned for its ChatGPT chatbot, igniting fierce competition among tech giants …

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