Political and tech industry leaders were set to descend on Paris Monday for a two-day summit on artificial intelligence, hoping to find common ground on a technology with the potential to upset global business and society

Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in thin Christmas Eve trade. European stocks bounced around while US equities shook off early weakness

The US Department of Justice (DOJ) made recommendations for Google’s search engine business practices on Tuesday, according to US media. The DOJ indicated that it was considering a possible breakup of the tech giant as an antitrust remedy.

Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut.The positive performance came despite more losses on Wall Street, where the so-called...

Toronto, Canada -- For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza.Nvidia, which makes the processors that are the only option to...

It comes amid a slowdown in the tech sector IPOs.

Hong Kong, China - Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators.Tokyo finished flat, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000 points...

The new hub part of a trend for big tech firms to base teams in European centers.

Following the announcement, the firm's shares rise 5% in trading.

Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report results after the market closed

New York, United States - Wall Street stocks rose early Thursday, rebounding from the prior session's pullback as markets awaited more big tech earnings later in the day.Major indices had tumbled on Wednesday after Federal Reserve Chair Jerome Powell dampened expectations for an imminent cut in interest rates.Adam Sarhan of 50...

Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion kroner ($213 billion) last year, driven by tech stocks and a weak national currency.The fund's total value reached close to 15.8 trillion kroner last year.The 16.1 percent return follows a...

The firm announced in May to purchase land for $37 million in India.

Spanish energy company Iberdrola announced £7 billion of funding for offshore wind infrastructure while US tech giant Microsoft plans to invest £2.5 billion in artificial intelligence (AI) infrastructure, including data centers.

Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts say. E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions, as it abandoned a plan to spin off its multi-billion-dollar...

Washington, United States - The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to China, sending the share price of Nvidia and other semiconductor companies plummeting on Wall Street.The measures are the latest chapter in the policy started under the Trump administration to limit...

Telecoms giants say that they need more money to maintain and update the infrastructure to meet Europe's voracious data needs, and that it would be fairer if firms like Netflix contributed towards the cost. But tech behemoths say telecoms companies already get money from customers, while digital rights activists fear...

Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific consensus on climate change. "I believe we need a similar body for AI –- on the risks and its benefits for humanity. Yes, with scientists, but also tech companies and...

European regulators in January had dismissed the previous legal basis -- "legitimate interest" -- Meta had used to justify gathering users' personal data for targeted advertising.

Vice President Kamala Harris and other administration officials will discuss ways to ensure consumers benefit from AI while being protected from its dangers. US President Joe Biden has urged Congress to pass laws getting stricter limits on the tech sector, but these efforts have little chance of making headway given...

The company posted a first quarter operating loss of $172 million.

Tencent is the owner of popular messaging app WeChat.

The firm also announced 5,000 other roles would remain unfilled.

The FDIC on Friday took over SVB, a major lender to the tech world, in the second-largest bank failure in US history. The bank is expected to reopen on Monday under a new name.

Women should stop thinking that they are different from men at workplaces. Instead, they should start investing in their careers like men and expect the same level of success! Only when women themselves take a gender-agnostic approach towards their careers, will the world change and make equity the norm, she...

A broad restructuring document announced by China's cabinet on Tuesday intends to focus the Ministry of Science and Technology's resources on coordinating "scientific and technological achievements." The plan also replaces China's existing banking and insurance regulator with a new body incorporating some functions from its central bank and securities watchdog,...

The tech giant will lay off some 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The job cuts is expected to affect close to five percent of employees and follow in the wake of similar moves by Facebook-owner Meta, Amazon and Twitter.

Firm's reduction of stake in Alibaba partly helped.

Meta is planning to sack thousands of employees this week, becoming the latest tech firm to scale back its workforce. According to the Wall Street Journal the layoffs could impact "many thousands" of Meta employees. The company has about 87,000 employees worldwide working across its different platforms.

International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the first ten months of 2022. It is part of the company's long-term strategy to grow its capacity in the tech industry across different sectors.

The Saudi tech firm has set the price at $19 per share.

Hub71, Abu Dhabi's global tech ecosystem, has selected its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE's capital. For the next two years, the new cohort will participate in Hub71's Incentive Programme, benefiting from equity-free incentives worth...

Emirates Post Group (EPG) and Hub71, Abu Dhabi’s global tech ecosystem, will partner to provide tech startups in the Emirate with greater opportunities to collaborate with EPG and advance the logistics sector using next-generation technologies. In a statement, Hub71 said the partnership will focus on active collaborations with startups based...

Tokyo stocks opened lower on Wednesday after US stocks mostly retreated on concerns about growth following a profit warning from the owner of Snapchat that shocked the tech sector. The benchmark Nikkei 225 index was down 0.13 percent, or 36.02 points at 26,712.12 in early trade.

From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles. Corporate...

Frances Haugen, the former Facebook engineer who leaked a trove of internal documents to international media, is due to speak on the opening night.

The IPO order book 130 times oversubscribed during the book-building process.