Big Tech Stocks

Big Tech's AI promises become a 'show me' story for investors: Report

Results from Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Apple Inc. this week signaled that biggest companies in world are still heavily investing in artificial intelligence

Startup Wiz likely to reject $23 bn acquisition proposal from Google

Wiz's decision to call off the deal will be a setback for Google, which has been investing in its cloud infrastructure

CrowdStrike CEO called to testify to Congress over global tech outage

US House leaders are calling on CrowdStrike CEO George Kurtz to testify to Congress about the cybersecurity company's role in sparking the widespread tech outage that grounded flights, knocked banks and hospital systems offline and affected services around the world. CrowdStrike said this week a significant number of the millions of computers that crashed on Friday, causing global disruptions, are back in operation as its customers and regulators await a more detailed explanation of what went wrong. Republicans who lead the House Homeland Security committee said Monday they want those answers soon. While we appreciate CrowdStrike's response and coordination with stakeholders, we cannot ignore the magnitude of this incident, which some have claimed is the largest IT outage in history, said a letter to Kurtz from Rep. Mark E. Green of Tennessee and Rep. Andrew Garbarino of New York. They added that Americans "deserve to know in detail how this incident happened and the mitigation ste

Nvidia preparing variant of new flagship AI chip for Chinese market

China accounted for around 17 per cent of Nvidia's revenue in the year to end-January in the wake of US sanctions, sliding from 26 per cent two years earlier

Global future won't be driven by big tech but by India's DPI: Amitabh Kant

India's G-20 sherpa Amitabh Kant on Thursday said the global future will not be driven by big technology firms but by the digital public infrastructure platforms developed locally. Speaking at the 'We Made in India' event here, Kant said India will transfer its digital public infrastructure (DPI) to the rest of the world, and already there are many examples of countries warming up to the same. The DPI consists of the digital identity through Aadhaar, real time payment through the UPI platform and other services like account aggregator, and was showcased to the world during India's presidency of G-20 last year. Kant said during the G-20, the world accepted the definition and framework of the DPI, given the strides that India has made through its strategies. "During G-20, the world accepted the definition of digital public infra, the world accepted the framework of DPI and to our belief, the future will not be driven by big tech, it will be driven by DPI," he said. It can be noted t

Big Tech's 'interconnected web' of AI investments concerns UK's CMA

The Competition and Markets Authority said Thursday it's uncovered an "interconnected web" of partnerships and investments within AI involving a handful of the same tech firms

Big Tech test

European Commission's investigations will be followed globally

Big tech firms nearly pause recruitment in India amid global slowdown

These companies have registered a 90% decline in active job postings in India in 2023 when compared to the last year, according to a report

As Europe cracks down on Big Tech, here are things that will change

Starting Friday, Europeans will see their online life change. People in the 27-nation European Union can alter some of what shows up when they search, scroll and share on the biggest social media platforms like TikTok, Instagram and Facebook and other tech giants like Google and Amazon. That's because Big Tech companies, most headquartered in the U.S., are now subject to a pioneering new set of EU digital regulations. The Digital Services Act aims to protect European users when it comes to privacy, transparency and removal of harmful or illegal content. Here are five things that will change when you sign on: YOU CAN TURN OFF AI-RECOMMENDED VIDEOS Automated recommendation systems decide, based on people's profiles, what they see in their feeds. Those can be switched off. Meta, owner of Facebook and Instagram, said users can opt out of its artificial intelligence ranking and recommendation systems that determine which Instagram Reels, Facebook Stories and search results to show. ..

Ex-wife charged with murder of Microsoft executive Jared Bridegan

The ex-wife of a Microsoft executive who was gunned down by a triggerman in front of his young daughter has been charged with first-degree murder, and prosecutors in Florida plan to seek the death penalty. A grand jury indicted Shanna Lee Gardner in the ambush-style death of Jared Bridegan, State Attorney Melissa Nelson announced Thursday at a news conference in Jacksonville, Florida. Gardner, 36, was arrested in West Richland, Washington, and will be extradited to Florida to stand trial, Nelson said. From very, very early on, everything in my body and soul told me she was behind it, Kristen Bridegan, Jared Bridegan's wife, said during the news conference. Hank Coxe, who represents Gardner, said via email that he does not comment on pending cases. The state is also seeking the death penalty against Gardner's husband, Mario Fernandez Saldana, who was arrested in March and charged in Bridegan's death. His attorney, Jesse Dreicer, said in an email that his client has pleaded not guilt

Big Tech cos continue to climb, S&P 500 up 0.3%, fourth weekly gain in row

Stocks are off to another mixed start on Wall Street as more gains for Big Tech companies offset weakness elsewhere in the market. The S and P 500 was up 0.3 per cent in the early going on Friday, on track for its fourth weekly gain in a row. A day earlier the bechmark index closed 20 per cent above its October low, entering a new bull market. The Nasdaq composite added 0.7 per cent and the Dow Jones Industrial Average was just barely higher with a gain of less than 0.1 per cent. Chipmaker Nvidia rose another 2 per cent. European markets were lower and Asian markets closed higher overnight. European shares declined on Friday after a day of gains in Asia following Wall Street's return to bull market status. France's CAC 40 lost 0.4 per cent to 7,198.50 while Germany's DAX slipped 0.3 per cent to 16,886.40. Britain's FTSE 100 shed 0.4 per cent to 7,572.16. The future for the Dow Jones Industrial Average shed 0.2 per cent and the contract for the S and P 500 future was down 0.1 per ..

Big tech earnings to offer reality check to investors over AI hype

Earnings misses on already revised-down estimates could threaten stock prices even as any guidance updates are scrutinized by the market

Big Tech and 'sideloading' debate; IT firms fear security, privacy breaches

Sideloading is a way for app developers to load their applications without going through formal stores such as Google Play for Android phones or the Apple App Store for iPhones

IRCTC, Zomato, Infosys: Is investors' love for digital India over?

Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit

Google, Microsoft, TI announce disappointing results; tech stocks tumble

Google parent Alphabet Inc. fell as much as 7.4% after third-quarter revenue came in below expectations, while software giant Microsoft Corp. lost 8.1% following a disappointing revenue forecast

Big Tech in financial system poses concentration risk: Shaktikanta Das

'Unbridled mushrooming of digital lending apps is a material concern'

World stocks higher on strong tech amid mixed US earnings, weak eco reports

Crude oil eyed seven-year highs and the dollar eased. On Wall Street, the Dow Jones Industrial Average rose 0.63% and the S&P 500 gained 0.94%.

Wall Street: Tech earnings' jitters mount as pandemic darlings get crushed

More than $1.7 trillion in value has been erased from the Nasdaq 100 in January, with the tech-heavy gauge entering a correction this week after falling more than 10% from a recent peak

Google, Microsoft beat Street with $110-billion revenue haul

Twitter says effect of Apple's privacy changes was less than feared

Wall Street ends sharply higher as Big Tech roars back; Nasdaq up 1.2%

Facebook bounces as services resume following outage; tech and financials among top advancers