Canada recently decided to drop a new digital tax on major US tech companies. This tax was supposed to start on Monday but was scrapped just hours before. The tax would have hit companies like Amazon, Google, Meta, Uber, and Airbnb with a 3% charge on revenue from Canadian users. It would have also applied to past earnings, leaving these companies with a huge $2 bill...
Microsoft is making big changes. The company is letting go of 7, 000 employees. That is about 3 percent of its global workforce. This move is part of a plan to make the company run more smoothly. It is not about performance. Everyone, from top to bottom, will feel this change. The tech world is tough right now. Big companies are facing many challenges. There are eco...
The Trump administration has decided to change its approach to AI chip exports. It plans to replace a rule set by the Biden administration. This rule was supposed to limit the export of AI chips. It would have affected companies like Nvidia and AMD. The Biden rule was criticized for being too complicated. A US official said it was full of unnecessary rules. This mad...
Meta, the tech giant behind Facebook, Instagram, and WhatsApp, has been making waves in the AI world with its Llama models. Despite having deep pockets, Meta has surprisingly reached out to other tech heavyweights like Amazon and Microsoft for financial support. This move raises eyebrows, as Meta is known for its massive investments in various ventures. It is common...
Investing in the stock market can be a rollercoaster, especially when prices are high. When the market is calm, top stocks can become overvalued, which can be a problem for long-term investors. This is because when prices are high, the potential for future gains is lower. Recently, there has been some market turbulence, which could be a good thing for investors. ...
Picture this: some of the world's biggest tech companies are making a comeback on a certain social media platform. You might be wondering, why the sudden change of heart? Well, it's all about politics. The man who took over the platform and renamed it X has close ties to the current political administration. This shift in power dynamics has made companies rethin...
Hindenburg Research, known for its short-seller tactics targeting tech and EV companies, is closing down. Nate Anderson, the founder, announced this news in a blog post, citing personal reasons and the toll the work took on his health and life. Hindenburg Research gained fame for its investigative reports that often preceded major regulatory actions. The firm's closu...
The legal quarrel between tech firms Omnitracs and Platform Science seems to have wrapped up after a California federal court issued its final judgment. On December 23, the court rejected Omnitracs' petition for a retrial and scrapped a previous jury decision awarding Omnitracs $19. 3 million in damages. This development ends a tangled intellectual property dispute t...
Big tech companies like Google, Microsoft, and Amazon are investing in nuclear energy to reduce their carbon footprint. The U. S. government is supporting this with funding for small modular reactors. Environmental groups are still concerned about safety and waste disposal. The U. S. Department of Energy is offering $900 million for small nuclear reactors, and the B...
Amazon and Meta, the companies behind Amazon. com and Facebook, have each decided to contribute $1 million to President-elect Donald Trump's inaugural fund. This move comes as tech companies and their leaders try to mend their relationships with the incoming president. Amazon's founder, Jeff Bezos, who also owns The Washington Post, hasn't always seen eye-to-eye with...