- Washington, United States -- Apple will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four years, a senior White House official said Wednesday. The announcement, which was first reported by US media, will be officially made later Wednesday at...
Meals to woof down at Italy’s first dog restaurant
Thirsty pups can opt for a green apple and watermelon juice, or go wild and have a pear, strawberry or banana one instead.Meta, TikTok challenge incoming EU digital market law
Brussels, Belgium - Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set new rules on competition in the digital marketplace. The European Commission has designated 22 big online companies as "core platform services" to be subject to additional scrutiny and obligations under...Apple to allow applications to be downloaded outside app store
Washington, United States - The American company Apple intends to provide the possibility of downloading applications from outside its official App Store in line with the new laws established by the European Union (EU), and will begin during the first half of 2024. The company's customers will not have to...Foxconn reports 11% rise in profit
Foxconn is China's largest private-sector employer.Apple sales lose ground
The tech giant said it made a profit of $23 billion.Apple Watch models face US import ban in patent clash
Apple has been steadily ramping up fitness and health features with each generation of Apple Watch, which market trackers say dominates the smartwatch category. "Our teams work tirelessly to create products and services that empower users with industry-leading health, wellness and safety features," Apple said in response to an AFP...Meta technology chief defends tech titan’s AI strategy
The company launched AI-infused chatbots with personalities at the gathering, along with tools for creating images or written content using spoken prompts. It has been seen as lagging rivals like Microsoft and Google, which have pushed out generative AI products and invested heavily in the technology seen as a force...Apple to update iPhone 12 in France over radiation
Both the firm and France's digital minister Jean-Noel Barrot insisted on Friday there was no danger to public health from the radiation. On Tuesday, Barrot gave Apple two weeks to issue an update to its phone, which was coming to the end of its career as a front-line Apple product.China denies ban on use of iPhone in government agencies
Beijing, China--China on Wednesday denied there was any ban on officials purchasing or using foreign phones, including iPhones, after reports said Beijing was prohibiting civil servants from using Apple handsets. "China has not issued any laws, regulations, and policy documents prohibiting the purchase and use of foreign brand smartphones, including iPhone,"...US govt face Google in landmark antitrust lawsuit
Washington, US - A landmark case pitting the US government against Google over the dominance of the company's world-dominating search engine began in a Washington courtroom on Tuesday. "This case is about the future of the internet and whether Google will ever face meaningful competition in search," said Justice Department lawyer...$8.7 billion lawsuit in UK accuses Google of stifling competition
It accuses Google of breaching competition law by shutting out mobile search competition and using its market dominance to increase the prices paid by advertisers for their prominence on the Google search page.Tech titans prepare for EU’s tougher market restraints
Brussels is working through a dense legislative agenda to build tougher regulation of big tech, arguing it needs to protect European users online and to encourage competition. The announcement is a milestone in the application of the Digital Markets Act (DMA), which will force the largest firms to change their...Equities extend gains on US jobs data, China rate cut hopes
The mood was brightened by a report that China's biggest state-backed banks would slash rates on mortgages and deposits as part of a drive to support the country's beleaguered property sector. Wall Street enjoyed one of its best days in months thanks to a surge in big names -- including...Facebook and Instagram users in Europe to have greater viewing control
One of the changes announced by Nick Clegg, Meta's president of global affairs, includes giving European users of Facebook and Instagram the option to view different types of content not based on profiling, a requirement under the EU's Digital Services Act (DSA).Amazon, Apple beat earnings forecasts
Apple views AI as integral to its growth.US equities up as major firms set to unveil economic reports
New York, US - Wall Street stocks edged higher early Monday ahead of major economic reports and earnings releases later in the week, including from Apple and Amazon. After a strong first half of 2023, US equities have continued to trend higher in July behind hopes that the Federal Reserve will...Twitter challenger Threads struggles for traction
Twitter continues to dominate its space as a platform for online comment and news, and Musk "would have to completely destroy it" to drive away its audience for good. Threads was quickly billed as a potential death knell for Twitter, but weeks later, Threads has since seen a "material decline...Twitter rival Threads signs up 100 million users in five days
Threads went live on Apple and Android app stores in 100 countries late on Wednesday, though it is not available in Europe because parent company Meta is unsure how to navigate the European Union's data privacy legislation. Twitter, Threads rival, is thought to have around 200 million regular users but...Meet EU ‘gatekeeper’ definition, say seven tech giants
BRUSSELS, BELGIUM - Seven tech giants, including Amazon and Apple, have informed the European Union they meet the threshold to come under landmark new rules to curb their market dominance, Brussels said on Tuesday. The firms - Google parent Alphabet, Amazon, Apple, TikTok owner ByteDance, Facebook umbrella Meta, Microsoft and Samsung...Apple tops $3trn in market value
Wall Street rises as US consumer inflation moderates.Musk meets Narendra Modi to discuss investment in India
Musk, one of the world's richest men, said that Modi was "pushing us to make significant investments in India, which is something that we intend to do, and are trying to figure out the right timing".Not my vision of the future: Meta’s Zuckerberg on Apple Vision Pro
A new-generation Quest 3 with improved performance and slimmed design will be available later this year at a starting price of $500. Zuckerberg described the coming model as Meta's "most powerful headset yet" and promised it would provide the best wireless way to experience mixed and virtual reality.Apple launches spatial computer; takes VR world by storm
CUPERTINO, California: Apple on Monday unveiled Apple Vision Pro, a spatial computer that seamlessly blends digital content with the physical world, while allowing users to stay present and connected to others. Vision Pro creates an infinite canvas for apps that scales beyond the boundaries of a traditional display and introduces...Nvidia crosses $1trn in market value on Wall Street
Chip company Nvidia exceeded $1 trillion in market value as Wall Street stocks mostly rose, following an agreement between President Joe Biden and Republican House Speaker Kevin McCarthy to avoid a US debt default. All three major indices rose, while Nvidia jumped over seven percent on its role in artificial...Apple to tie up with Broadcom for 5G telecom networks
The company will collaborate with US tech firm Broadcom in order to make "cutting edge" parts for wirelessly connecting to high-speed 5G telecom networks. Apple however did not specify how many billions of dollars it would be putting into the alliance, but said it is part of a commitment to...Audio book narrators feel heat as AI begins to chip away at business
AI has the ability to create human-sounding recordings -- at assembly-line speed -- while bypassing at least part of the services of the human professionals who for years have made a living with their voices. Many of them are already seeing a sharp drop off in business.Foxconn Q1 profit dips 56%
Foxconn blamed the plunge on weakened demand.‘Godfather of AI’ quits Google to warn of the tech’s dangers
The scientist warned about the potential spread of misinformation created by AI, telling the media that the average person will "not be able to know what is true anymore." While AI has been used to support human workers, the rapid expansion of chatbots like ChatGPT could put jobs at risk.Twitter working on AI despite Musk call for global pause: report
Musk has bought thousands of powerful, costly computing processors and hired AI engineering talent, Insider reported, while another tech-focused outlet, the Information, said the entrepreneur has floated the idea of starting a rival to ChatGPT. Meanwhile, Musk has slashed staff at Twitter as part of dramatic cost cutting since his...German anti-cartel watchdog puts Apple under surveillance
Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to competition" in Germany and worldwide, Federal Cartel Office chief Andreas Mundt said in a statement.Fans wait to see if Apple joins quest for the metaverse
All eyes are on whether Apple will commit to releasing long-rumored VR or augmented reality (AR) "goggles" at its annual Worldwide Developers Conference in June, with programmers and software companies eager to get a jump start on providing content. Apple chief Tim Cook fueled the speculation this week in a...Prompted by GPT-4, Musk, experts call for halt in ‘giant AI experiments’
Billionaire mogul Elon Musk and a range of experts called on governments to step in and impose a moratorium if companies do not pause the training of AI systems more powerful than GPT-4, for 6 months. The six months should be used to develop safety protocols, AI governance systems, and...Apple enjoys ‘symbiotic’ relationship with China, Cook says
Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an interview on the role of technology in education.Apple loses to rival Samsung in Middle East smartphone market
Dubai, UAE - Apple has lost ground in the Middle East smartphone market during 2022 to main rival Samsung, according to research by Canalys. Samsung has enhanced its share in the smartphone market in the Middle East to 40 percent in 2022, up from 34 percent in 2021, while Apple...Meta to slash 10,000 jobs
The firm also announced 5,000 other roles would remain unfilled.Apple to produce iPhones in India
The proposed factory will be spread over 300 acres.Apple to spend $1bn on chip hub
The investment will be spread over the next six years.Markets take a hit as US jobs fan rate worries
optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in the United States last month, nearly double the December figure and far more than the 188,000 expected. Government figures also showed unemployment fell to the lowest level since 1969. The...Google, Apple disappoint as tech earnings hit by gloom
Google parent Alphabet's revenue of $76 billion in its fourth quarter and profit of $13.6 billion were below what it made in the same period a year earlier, with share prices falling more than 3 percent in after-market trade. The tech titans posted earnings as shares in Meta skyrocketed a...World’s largest wealth fund lost record $164 billion in 2022
"2022 was a truly dramatic year in the world. It affected financial markets and hence it also affects our global fund," said deputy chief executive Trond Grande of Norges Bank Investment Management which manages the Norwegian Government Pension Fund.US sues Google over dominance of online ad market
In this latest suit, prosecutors took aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. Google's ad dealings generated more than $200 billion in sales in 2021 and is parent company Alphabet's biggest moneymaker by a wide margin.Meta to disallow ads targeted at teens based on gender
The company formerly known as Facebook is facing increasing pressure and fines to curb its practice of delivering narrowly targeted ads to its users, a practice that brings in billions of dollars in revenue from advertisers every year.TSMC begins making 3nm chips
TSMC operates the world's largest silicon wafer factories.Musk says Twitter clash with Apple a ‘misunderstanding’
The world's richest person, Elon Musk opened fire on the planet's most valuable company early this week over fees and rules at the App Store, saying Apple had threatened to oust his recently acquired social media platform. Analysts told AFP the clash may have came down to money, with Musk...Twitter owner Musk signals new ‘war’ against Apple
A series of tweets fired off by Musk included a meme of a car with his first name on it veering onto a highway off-ramp labeled "Go to War," instead of continuing onwards towards "Pay 30%." The billionaire CEO also tweeted that Apple has "threatened to withhold Twitter from its...Saudi Aramco only behind Apple in market cap
The world's largest producer of oil and world's most profitable company marginally overtook Apple with a market capitalization in excess of $2.4 trillion in May 2022.UK probes Apple, Google over cloud gaming, browsers
Apple and Google "have an effective duopoly on mobile ecosystems that allows them to exercise a stranglehold over operating systems, app stores and web browsers on mobile devices" to the detriment of competition, Competition and Markets Authority said. The watchdog will investigate "the way that Apple and Google dominate the...Apple says iPhone production hit by China Covid lockdown
Owing to Covid restrictions in central China, Apple has said that production at the world's largest iPhone factory has been "temporarily impacted", warning that customers will now face longer wait times. It said the curbs have affected the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility.Apple reports solid profits on rising revenues
The tech giant's iPhone sales missed estimatesIndia fines Google $113 mn for ‘unfair’ payment system
The CCI ordered Google to allow app makers to use third-party billing systems and treat rival payment processing services on equal footing. Tuesday marked the second financial penalty levied by the CCI against Google in a matter of days. Last week, the watchdog fined the company $162 million after ruling...

















































