The European Union (EU) is once again flexing its regulatory muscles, this time turning its attention to the cloud computing services provided by Amazon and Microsoft. The European Commission (EC) has kicked off three separate investigations to see if these tech giants should be labeled as "gatekeepers" under the EU's Digital Markets Act (DMA). The twist here is that...
In many places, people are starting to push back against data centers. These huge facilities store and process tons of data for tech companies. But locals often feel left out and worried about rising electricity bills. It's not just one group complaining. Both conservative and progressive folks are teaming up to voice their concerns. In Indiana, a group called Citiz...
Big tech companies are having a rough time on the stock market. Meta saw its shares drop by more than 12% in one day. This is one of the biggest losses the company has had in years. The drop came after Meta reported a huge tax charge of nearly $16 billion. This charge made their quarterly earnings much lower than what Wall Street expected. Microsoft also had a bad d...
The AI craze has taken Wall Street by storm, with investors scrambling to find the next big thing. Some see parallels to the Dotcom Boom, while others argue that the current AI surge is backed by solid profits from tech giants. The AI gold rush has boosted the fortunes of both established and new companies, with some seeing their stock prices skyrocket. To get a cle...
Tech giants like Apple, Google, Netflix, and Tesla have been making some bold moves lately. Investors are taking notice, and it's not just hype. These companies are showing strong signs of growth. But what's really behind this surge? First, let's talk about Apple. The tech giant has been innovating at a rapid pace. New products and services are keeping investors exc...
Big tech companies are racing to lead in artificial intelligence. But this rush is causing a big problem. They need lots of power for their AI systems. This could make electricity bills go up a lot in the next few years. Chamath Palihapitiya, a well-known investor, recently talked about this issue. He said that if things don't change, electricity rates could double....
Nvidia is making big waves in the tech world, especially in AI. Its stock is soaring, hitting a record high of $4. 5 trillion. This isn't just about one company; it's about how AI is changing the game for everyone. Big tech companies are spending a lot on AI. Microsoft is leading the pack. They're making huge deals to get more AI computing power. One of their bigges...
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...