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 […]
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 […]
Amazon’s autonomous vehicle subsidiary, Zoox, has inaugurated its first full-scale robotaxi production facility in Hayward, California. This 220,000-square-foot plant is a significant step toward Zoox’s goal of producing up to 10,000 purpose-built, driverless vehicles annually. The facility is designed to handle all aspects of production, including engineering, software and hardware integration, assembly, storage, and testing. […]
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 […]
Meta has taken down a Facebook group in Chicago that was allegedly being used to dox and target U.S. Immigration and Customs Enforcement (ICE) agents, following outreach from the Department of Justice (DOJ). Attorney General Pam Bondi announced the takedown on X, emphasizing that the DOJ will “continue engaging with tech companies to remove platforms […]
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 […]
Citigroup is preparing to roll out its long-awaited crypto custody service by 2026, marking another step in Wall Street’s expanding embrace of digital assets. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the bank has been working on the custody solution for over two years and is now moving closer to market […]
In a significant cyberattack on June 18, 2025, the pro-Israel hacker group Predatory Sparrow, also known as Gonjeshke Darande, infiltrated Iran’s largest cryptocurrency exchange, Nobitex, and destroyed over $90 million worth of digital assets. The stolen funds were transferred to inaccessible “vanity addresses”—cryptographic wallets designed to be uncrackable due to their complex keys. These addresses […]
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 […]