Why Big Tech Is Still Minding Its Bills
Even the deepest pockets have their limits. Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market Intelligence. […]
Apple Directors Al Gore, James Bell to Retire
Apple’s board of directors is getting a shake up. Longtime Apple board member Al Gore is retiring from the board, the company announced Thursday. The former U.S. vice president had been a board member since 2003, a witness of the company’s rise and transformation a few years after the return of co-founder Steve Jobs as […]
It’s Time to Turn on Two-Factor Authentication
We get it. Turning on two-factor authentication for your online accounts can be a pain. But like going to the dentist, it’s just something you have to do. On Tuesday, someone broke into the Securities and Exchange Commission’s official X account and tweeted that spot bitcoin exchange-traded funds had been approved, sending the price of the cryptocurrency briefly […]
How a $300 Million Flop Turned Into an Improbable Hit
Days after “Cyberpunk 2077” made its debut in December 2020, the much-hyped videogame was so buggy that Sony Group pulled it from its PlayStation store and players plastered social media with complaints of glitches. The misfire surprised gamers partly because “Cyberpunk 2077,” featuring actor Keanu Reeves, was one of the most expensive games ever released. […]
Google Trims Hundreds of Jobs as It Marshalls Resources for AI
Jan. 10, 2024 11:40 pm ET Google laid off hundreds of employees in several areas of the business on Wednesday, a sign of further cost reductions at the search giant as it continues to reverse a pandemic hiring spree. The cuts affected employees in divisions including those working on Google’s Assistant program, hardware and internal […]
China’s Solar Dominance Faces New Rival: An Ultrathin Film
Jan. 10, 2024 11:00 pm ET TOKYO—China’s near-monopoly on the solar-energy market has prompted the U.S. and allies to step up the search for workarounds. Engineers believe they have found one in a type of solar cell that looks and feels like camera film. Japan is pushing the technology with subsidies and other support, a […]
A CES Cheat Sheet: 16 Gadgets to Put on Your Radar
Listen to article (1 minute) The two most important letters at the world’s biggest technology trade show are A and I. Among the scores of gadgets on display at CES in Las Vegas this week, hundreds if not thousands claim to be enhanced by artificial intelligence. For starters, there are: Copyright ©2024 Dow Jones & […]
Amazon Layoffs: Hundreds of Job Cuts at Twitch and Video Division
Jan. 10, 2024 10:48 am ET Amazon is eliminating hundreds of jobs across its film and television studio and Twitch streaming platform. Mike Hopkins, senior vice president of Amazon’s Prime Video and Amazon MGM Studios, announced the studio and video-division layoffs in an email to staffers Wednesday. Copyright ©2024 Dow Jones & Company, Inc. All […]
Hewlett Packard Enterprise Strikes $14 Billion Deal to Buy Juniper Networks
Hewlett Packard Enterprise struck a roughly $14 billion deal to buy Juniper Networks in a big bet on networking and artificial intelligence. The companies unveiled the transaction late Tuesday, a day after The Wall Street Journal reported that a deal was close. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link
Hewlett Packard Enterprise to Buy Juniper Networks For $14 Billion
Hewlett Packard Enterprise has agreed to buy Juniper Networks, a $14 billion deal that would merge two legacy network-operations companies as they seek to capitalize on the rise of generative artificial intelligence. The Wall Street Journal reported on Monday that the companies were nearing a deal. Copyright ©2024 Dow Jones & Company, Inc. All Rights […]