technology News
Meta Stock Slips on Fresh Layoffs in a Metaverse Division
The tech giant is cutting 1,500 jobs in its Reality Labs unit, which has lost over $70 billion, signaling a strategic pivot from its metaverse vision toward AI.
Alphabet Surges as Google Gemini Inks Landmark Deal to Power Apple's Siri
The multi-year partnership integrates Gemini AI into core Apple products, challenging Microsoft's OpenAI alignment and briefly pushing Alphabet's market value past $4 trillion.
KULR Stock Surges on $30M Battery Supply Deal with Caban Energy
The five-year agreement includes the expansion of KULR's U.S. manufacturing footprint through the acquisition of Caban's facility in Texas.
Airbnb Taps Meta AI Head as CTO, Signaling Deeper AI Push
Shares rise as the travel company appoints Ahmad Al-Dahle, the former head of Meta's generative AI group, to lead its technology strategy.
Cybersecurity Stocks Tumble on US-China Tech Tensions
Palo Alto Networks and Fortinet lead declines after reports that Beijing has ordered a halt to the use of some foreign security software.
Global Smartphone Market Snaps Back with 4% Q4 Growth
An Omdia report shows Apple extending its market leadership for a third straight year, signaling a rebound for the consumer electronics sector after a period of tepid sales.
Tesla to End FSD Purchase Option, Shift to Subscription Model
CEO Elon Musk announces the company's advanced driver-assist system will only be available via a monthly subscription, signaling a major strategic shift towards recurring revenue.
Nvidia Grapples With Fallout From US Curbs on China AI Chip Sales
Washington's expanded export controls, enacted in late 2023, have carved out a critical revenue stream, forcing a strategic realignment for the semiconductor giant.