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IT Market

Samsung forecasts smartphone recovery in H2

Samsung Electronics warned smartphone shipments and ASPs would decline in the current quarter but forecast a rebound in demand in the second half, with...

IBM to pause hiring in plan to replace 7,800 jobs with AI

International Business Machines Corp (IBM.N) expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years,...

Intel climbs as Wall St cheers early signs of recovery

Intel Corp (INTC.O) shares rose nearly 6% as the once-dominant chipmaker's quarterly print indicated "baby step progress" in efforts to turn around its business after ceding...

Meta wins back Wall Street with AI promises

Meta Platforms Inc (META.O) is a Wall Street darling again. The company's shares extended their winning streak on Thursday, surging nearly 14% after Meta's focus on AI...

UK blocks Microsoft $69 billion Activision deal over cloud gaming concerns

Britain will block Microsoft's (MSFT.O) $69 billion acquisition of "Call of Duty" maker Activision Blizzard (ATVI.O) over its concerns it would hinder competition in cloud gaming, dealing an...

Britain sets up $125 mln taskforce to drive AI

Britain on Monday announced 100 million pounds ($124.5 million) in initial funding for a taskforce to help develop foundation models - a type of...

Jamaica Closer to Becoming a Digital Society

The country is one step closer to becoming a digital society, with 17 Internet sites across 10 communities now having broadband access through the...

SAP to embed ChatGPT in products as quarterly revenue beats estimates

Business software maker SAP (SAPG.DE) on Friday reported first-quarter revenue above analysts' expectations, backed by growth in its cloud business but lowered its outlook for the...

U.S. crypto exchange Coinbase secures Bermuda licence

Major U.S. crypto exchange Coinbase Global Inc (COIN.O) has said it has secured a licence to operate in Bermuda, as part of a wider push to...

Intel ends its bitcoin mining chip series

Chipmaker Intel Corp (INTC.O) said on Tuesday it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the...

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