The European Union is finally beginning to scrutinize TikTok, changing the status quo that has seen the Chinese platform go largely unchallenged.
Major Banks Joining Forces to Take on Apple Card, PayPal
Major banks are reportedly joining forces in an effort to better take on Apple Card and PayPal in the digital wallet market.
Stripe May Go Public Within the Next Year
Stripe’s IPO may be on the horizon, with the company telling employees it will decide within the next year whether to go public.
JPMorgan Says It Was Duped Into Buying a Startup, Sues Founder
JPMorgan is in the middle of an embarrassing situation, claiming it was duped into purchasing a startup.
Microsoft Looks to Invest $10 Billion in OpenAI and ChatGPT
OpenAI’s ChatGPT has taken the world by storm and Microsoft is not immune, with the Redmond giant set to invest $10 billion in the firm and its tech.
Apple Drops Out of the $2 Trillion Club
Apple’s valuation has dropped below $2 trillion for the first time since mid-2022, after its stock price dropped 3% Tuesday.
IBM Stock Was the Real Winner Among Big Tech in 2022
IBM may fly under radar, compared to its Big Tech rivals, but Big Blue was the real winner in 2022.
Congress Passes Bill Banning TikTok From Government Devices
Congress has passed a $1.7 trillion spending bill that includes a clause banning TikTok from government devices.
Google Moving Slowly on AI Chatbots Over ‘Reputational Risk’
Amid the ruckus over OpenAI’s ChatGPT, Google execs have made it clear they are in no hurry to jump on the chatbot bandwagon.
US Government Snapping Up Laid-Off Tech Workers
The US government is proving to be one of the biggest beneficiaries of the tech industry’s mass layoffs.
Bret Taylor Stepping Down as Salesforce Co-CEO
For the second time in three years, a co-CEO is leaving Salesforce as Bret Taylor announces his departure from the role and the company.
Microsoft CEO Bullish on Asian Data Center Market
Microsoft CEO Satya Nadella is bullish on the Asian data center market, including China and India, at a time when trade tensions are ramping up.
Amazon Commits $1 Billion a Year for Theatrical Releases
The movie industry received good news Wednesday, with Amazon committing more than $1 billion a year for theatrical releases.
Bob Chapek Is Out and Bob Iger Is Back In As Disney CEO
Disney made waves late Sunday, announcing the ouster of CEO Bob Chapek and the return of Bob Iger in the role for two years.
UK Blocks Chinese Takeover of Its Largest Semiconductor Plant
The UK government is ordering a Dutch company to divest itself of a Welsh semiconductor plant over national security concerns revolving around China.
Elizabeth Holmes Handed an 11-Year Prison Sentence
Elizabeth Holmes, founder and former CEO of Theranos, has been sentenced to more than 11 years in prison.
Apple Plans to Purchase Chips From TSMC’s Arizona Plant
Apple CEO Tim Cook has reportedly said the company will purchase chips from a plant in Arizona, a major step toward supply chain diversification.
VC Firm Wants to Invest $100,000 in Firms With Laid-Off Founders
Day One Ventures is looking to invest in companies with laid-off founders, in an effort to benefit from their experience.
Biden Administration Wants Research Into Reflecting the Sun’s Rays
The Biden administration is continuing its efforts to combat climate change, announcing a study into reflecting the Sun’s rays.
Honda and LG Energy to Build $4.4 Billion EV Battery Plant in Ohio
Honda and LG Energy are partnering on an electric vehicle (EV) battery plant, with plans to build it in Ohio.