Meta is laying off around 600 employees from its artificial intelligence division as part of a major restructuring aimed at streamlining operations and accelerating innovation. A company spokesperson confirmed that the move is part of CEO Mark Zuckerberg’s broader plan to make the organization leaner and more efficient. The job cuts were announced in a […]
Apple has officially raised the starting price of its flagship iPhone Pro model in the U.S. for the first time since 2017, a move long anticipated by analysts and investors. The new iPhone 17 Pro now starts at $1,099, which is $100 more than last year’s iPhone 16 Pro. Alongside it, Apple has also introduced […]
Beijing — China’s tech giant Baidu has achieved a major milestone in autonomous mobility, with its driverless car unit Apollo Go surpassing 250,000 fully autonomous rides per week as of October 31, a company spokesperson confirmed. This puts Baidu’s robotaxi operations on par with U.S. competitor Waymo, which reported similar weekly ride figures earlier this […]
Samsung Electronics announced on Tuesday that it expects its operating profit for the second quarter to plummet by 56%, highlighting the challenges it faces in keeping up with soaring demand for advanced AI chips dominated by rivals like Nvidia. The South Korean tech giant — known globally for its smartphones and memory chips — projected […]
Elon Musk’s AI company, xAI, has filed a lawsuit against Apple and OpenAI, accusing the two tech giants of engaging in an anticompetitive partnership that unfairly harms emerging artificial intelligence players. The case, filed in the U.S. District Court for the Northern District of Texas, claims that Apple has been suppressing competitors like xAI’s chatbot […]
Apple has officially announced a launch event scheduled for September 9 at 10 a.m. Pacific Time, inviting media and analysts to its campus. The event teaser carries the tagline: “Awe dropping.” As tradition goes, September is the month Apple typically unveils its latest iPhones. This year’s highly anticipated release is expected to be the iPhone […]
NEW YORK — Bitcoin pulled back on Monday, cooling off after hitting a one-month high last week, as traders looked beyond the Federal Reserve’s latest rate cut and awaited fresh signals on the U.S. economic outlook. The world’s leading cryptocurrency slipped 2.5% to $113,000 as of 09:39 ET (13:39 GMT), retreating from last week’s peak […]
Microsoft announced Wednesday that it will lay off around 9,000 employees, impacting fewer than 4% of its global workforce. The reductions will span across various teams, locations, and experience levels, according to a source familiar with the matter. The move aligns with the start of Microsoft’s 2026 fiscal year, a time when the tech giant […]
Momenta, a leading Chinese autonomous driving technology startup, is in talks to raise fresh capital at a potential valuation of around $6 billion, according to people familiar with the matter. The figure could still shift as the funding process moves forward, sources noted. The Beijing-based company specializes in developing advanced software and algorithms that enable […]
Coinbase CEO Brian Armstrong joined fellow crypto leaders on Capitol Hill this week in a heated policy battle with the banking industry — a fight that could impact trillions of dollars in deposits. Banking advocacy groups are lobbying lawmakers to ban crypto exchanges from offering stablecoin rewards, arguing that such perks mimic traditional bank interest […]