Malaysia’s Digital Minister Gobind Singh Deo has called for Microsoft and CrowdStrike to consider compensating companies that suffered losses due to a global tech outage last week. The outage, caused by a faulty update to …
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Alphabet Shares Plunge Despite Earnings Beat as Expenses Surge
Alphabet, the parent company of Google, experienced a significant drop in its share price, falling over 3% in pre-market trading on Wednesday. This decline came despite the company exceeding second-quarter earnings expectations. The primary driver …
Continue readingNeuralink Employees Eyeing Stock Sale After Valuation Surge
Elon Musk’s brain implant company, Neuralink, has seen its valuation skyrocket following its successful first human trial, leading some employees to prepare for a stock sale. The company is expected to launch a tender offer …
Continue readingGlobal Tech Outage: CrowdStrike Software Update Causes Widespread Disruptions
A software update by CrowdStrike, a leading cybersecurity company, triggered widespread global computer system outages, affecting various industries, including airlines, healthcare, shipping, and finance. The incident, which began on Friday, highlighted the vulnerability of interconnected …
Continue readingGlobal Cyber Outage Grounds Flights, Disrupts Banks and Markets
A global cyber outage on July 19th caused widespread disruptions across airlines, banks, and financial markets. The culprit appears to be a faulty software update from CrowdStrike, a global cybersecurity firm. The update affected computers …
Continue readingJapanese Companies Lag in AI Adoption Despite Labor Shortages
A new Reuters survey reveals a significant gap in AI adoption among Japanese companies. While nearly a quarter have already implemented AI, over 40% have no plans to utilize the technology. This reluctance is fueled …
Continue readingUS to Award $400 Million to GlobalWafers for Semiconductor Production
The US Commerce Department announced plans to award Taiwanese semiconductor company GlobalWafers up to $400 million in government grants. This funding aims to significantly increase the production of silicon wafers, a crucial component in advanced …
Continue readingEU Court Upholds TikTok’s Gatekeeper Status, ByteDance Loses Appeal
The EU General Court has ruled against ByteDance, upholding the European Commission’s designation of the TikTok owner as a gatekeeper under the Digital Markets Act (DMA). The court rejected ByteDance’s arguments that the designation was …
Continue readingGitLab Explores Sale Amidst Tech M&A Boom; Datadog Reportedly Interested
GitLab, a leading provider of cloud-based software development tools, is exploring a sale, according to sources familiar with the matter. The company, which has a market value of $8 billion, has attracted acquisition interest from …
Continue readingGoogle to Bolster Cloud Security with Potential $23 Billion Acquisition of Wiz
Google is reportedly close to acquiring cloud security company Wiz in a deal worth up to $23 billion. The move would be Google’s most expensive acquisition to date and would significantly strengthen its cloud security …
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