US tech firm Oracle cuts thousands of jobs as it steps up AI spending
Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay offOracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off.The $420bn firm, headquartered in Austin, Texa...
ITIDA, Plug and Play support 61 Upper Egypt startups, unlock $3.7M in funding
Egypt’s Information Technology Industry Development Agency (ITIDA), in partnership with Plug and Play, has supported 61 startups in Upper Egypt through the Aswan Bootcamp Series. Participating startups have collectively secured $3.7 million (EGP 200 million) in investments, reflecting growi...
FASTag annual pass price increase to Rs 3,075 from April 1: All you need to know
The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk’s news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusi...
Victory Giant Is Said to Gauge Investor Interest for HK Listing
Victory Giant Technology (Huizhou) Co. has started gauging investor interest for a Hong Kong listing, according to people familiar with the matter, getting the ball rolling for what may be among the city’s largest deals this year.
How China’s EV makers think they can outrun disastrous price wars
The era of price wars in China’s electric vehicle (EV) market is giving way to a new contest: who can deliver better technology at the same price. On a cloudy evening in March, Shenzhen-based BYD put forward its answer with the unveiling of a battery capable of charging from 10 to 70 per cent in jus...
Oracle’s Credit Risk Measure Nears Record High on AI-Debt Fears
A gauge of Oracle Corp.’s credit risk is nearing an all-time closing high on Friday, the latest sign that investors are growing increasingly wary about the technology giant’s heavy debt load amid rising oil prices and falling stock prices.
Fox News AI Newsletter: Family turns down $26M from AI giant to keep farmland
The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.
Chinese market regulator tells firms to focus on healthy competition overseas
China’s market regulator has told companies including electric vehicle maker BYD and battery giant Contemporary Amperex Technology Ltd (CATL) to compete healthily when expanding overseas, amid mounting accusations of unfair competition, subsidies and dumping levelled at Chinese companies in global m...
Microsoft Set for Worst Quarter Since 2008 as AI Takes Two Bites
Microsoft Corp. is at the intersection of two troubling trends roiling the technology sector, which has the stock on track for its worst quarterly performance since the global financial crisis two decades ago.
WeRide CEO: Path to Profitability Clearer This Year
WeRide Founder & CEO Tony Han says the company’s share price is “heavily undervalued,” as its path to profitability becomes clearer this year. Han adds that key regulatory hurdles have been removed, helping to smooth WeRide’s overseas expansion as demand for autonomous driving technology grows. He s...
Taiwan’s Largest ETF Set for Record Inflow, Defying War Angst
Taiwan’s largest equity exchange-traded fund is on track for record inflows this month, as domestic investors defy the global turmoil sparked by the Iran war and pile into the technology-heavy product.
Blackstone leads $250 million investment in UAE payments platform ADGT
ADGT, a UAE-based payments and data intelligence platform, has secured a $250 million investment from Blackstone alongside Raya Holding, NRT Technology, and Sightline Payments. Founded by Michael Dominelli, ADGT aims to build next-generation payments infrastructure supporting regulated digital ma...
Estate of Mike Lynch ordered to pay £920m to Hewlett-Packard
Ruling linked to takeover of Autonomy in 2011 comes two years after tech tycoon died in superyacht disasterThe estate of late British tech tycoon Mike Lynch has been ordered to pay £920m to the technology company Hewlett-Packard (HP) two years after he died in a superyacht disaster.The ruling by Lon...
UAE's Red Rock Technology invests $10M in AI 'Brain' for global food security
Dubai: Red Rock Technology has committed a $10 million investment to develop Seedelligence, an artificial intelligence architecture designed to power the National Food & Seed Sovereignty Institute and its future global locations.Unlike conventional agritech systems, where artificial intelligence modules operate in isolation, Seedelligence is engineered as a single, centralised intelligence capable of coordinating every core element of the Institute’s infrastructure: agricultural robotics, h...