High technology industry
Nvidia has become the world's first company to reach a $5 trillion market capitalization, with CEO Jensen Huang proudly stating that the company has secured over $500 billion in orders for AI chips through the end of 2026. This unprecedented level of revenue visibility has provided Nvidia with
High technology industry
Nvidia has become the world's first company to reach a $5 trillion market capitalization, with CEO Jensen Huang proudly stating that the company has secured over $500 billion in orders for AI chips through the end of 2026. This unprecedented level of revenue visibility has provided Nvidia with
High technology industry
US stocks wrapped up lower on Thursday, with the tech-heavy Nasdaq leading the retreat, as investors digested the implications of the US-China trade truce and parsed through the latest earnings reports from the "Magnificent Seven" tech giants, including Apple and Amazon, which are set to report after the
High technology industry
The past year has witnessed a sharp increase in layoffs in the technology sector, with major companies like Amazon, Microsoft, and Google announcing significant reductions in their workforce. At the same time, these companies are investing billions in artificial intelligence and automation. This paradox raises difficult questions about the motivations
High technology industry
The IT sector has seen a sharp increase in job cuts in 2025, with several major corporations and startups announcing layoffs in recent months. Amazon, Intel, Microsoft, and Salesforce are among the companies that have fired thousands of employees, with the total number of layoffs expected to rise as the
High technology industry
The current trend of silent layoffs in India's tech industry is sending shockwaves through the sector, with estimates suggesting that 50,000 people or more could be affected by the end of this year. While mass layoffs by companies like Tata Consultancy Services (TCS) draw attention, scores of
High technology industry
ThreeD Capital Inc. has announced the renewal of its agreement with PHK Investments LLC for investor relations services. The new agreement replaces the previous one, which expired on October 8, 2025. ThreeD will pay a fixed monthly fee of £6,875 (approximately $12,640 CAD) and up to £20,000
High technology industry
Microsoft's Azure cloud and 365 services were plagued by issues just hours before the company's planned earnings release on Wednesday. Users taking to social media reported problems accessing their websites and services, with the company's website also inaccessible. The issues started around 11:40
High technology industry
Apollo, a global alternative asset manager, and 8VC, a leading early-stage technology investment firm, have partnered to accelerate the American Industrial Renaissance through flexible capital solutions tailored to high-growth companies. The joint initiative aims to deploy several billion dollars to support technology companies in advanced manufacturing, aerospace, energy, life sciences,
High technology industry
ThreeD Capital, a Canadian-based venture capital firm, is pleased to congratulate HyperCycle on its recent announcement regarding the establishment of a $1.1 billion joint venture with a consortium of South Korean investors led by Addeep Inc. The joint venture aims to establish Seoul as a central hub for IoAI
High technology industry
As the multinational technology company continues to undergo significant restructuring, nearly 14,000 employees are set to lose their jobs. This move comes just months after CEO Andrew Jassy hinted at the potential for job losses due to the rollout of artificial intelligence (AI) technology. Amazon's workforce reduction
High technology industry
Amazon, the e-commerce giant, announced plans to cut 27,000 jobs, representing 8% of its global corporate workforce and 5% of total staff, in the most significant reduction since its 1994 launch. The cuts primarily target white-collar positions in consumer, cloud, and advertising units, with the majority based in the
