Category: Tech
-
Are tech billionaires hijacking our future? This Nobel laureate warns of Big Tech’s stranglehold on AI and democracy
•
Should our future be decided by the CEOs of Big Tech? For Nobel laureate in economics Simon Johnson, giving too much power to a handful of billionaires would come at the expense of the public interest. The British-American economist who teaches at the Massachusetts Institute of Technology also stressed that…
-
Tech Stocks Up in Late Trading as Tesla Surges 8%: Markets Wrap
•
(Bloomberg) — Big Tech companies rose in recent hours as Tesla Inc. “Magnificent Seven” earnings season with better than expected results. Treasury yields rose on bets that the Federal Reserve will take a more measured approach to interest rate cuts. Most read from Bloomberg After the stock market sell-off, Wall…
-
Capital Gains Tax concerns loom over UK tech sector ahead of Autumn Budget
•
The UK tech industry is on edge as speculation grows about potential changes to capital gains tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the…
-
Nvidia is set to dominate another Big Tech earnings season
•
We’re entering what’s expected to be another tech earnings season, and you can bet that AI will be front and center. And if there’s one company everyone is watching, it’s Nvidia (NVDA). The chip giant’s shares have risen more than 16% in the past month, and the stock is currently…
-
Indexes fall from records as chip rout drags tech shares lower
•
Chip Somodevilla/Getty Images A sell-off in semiconductors pulled stock indexes away from record levels. The loss was led by Dutch chipmaker ASML, which lost 17% on Tuesday. The decline overshadowed the banks’ earnings results, which were better than expected. Chip makers’ stocks halted a decline on Tuesday after a recent…
-
‘Godmother’ of AI wants everyone to have a place in the tech transformation
•
Having the title of “godmother” of artificial intelligence was initially uncomfortable for Fei-Fei Li, who is known for building an extensive database of classified images important for advancing the way computers understand digital images and videos. But at one point, she wasn’t even sure if she should be CEO of…
-
‘Godmother’ of AI wants everyone to have a place in the tech transformation
•
Having the title of “godmother” of artificial intelligence was initially uncomfortable for Fei-Fei Li, who is known for building an extensive database of classified images important for advancing the way computers understand digital images and videos. But at one point, she wasn’t even sure if she should be CEO of…
-
Mixed signals in tech as Tesla tumbles and financials rally
•
Stock Heat Map By FinViz.com Fri, 11 Oct 2024 13:46:10 GMT Mixed signals in the technology space with Tesla faltering and financial conditions rising The US stock market presents a mixed tapestry of performance today, influenced by varying sentiment across sectors. The heat map displays contrasting movements, with particular emphasis…
-
Tech sector rallies: Innovation fuels market gains
•
Stock Heat Map By FinViz.com Fri, 04 Oct 2024 13:46:05 GMT Sector overview Today’s market heat map reveals that Technology sector Leading the charge with notable gains. Among the best performing artists Broadcom (AVGO) With a significant increase of 2.33%, supported by gains in… Nvidia (NVDA) Up 1.59% AMD (AMD)…
-
IATI-RISE report warns on dangers to Israel’s tech industry
•
How badly has Israel’s tech industry been damaged by war over the past year? It depends on who you ask. This morning Israel Advanced Technology Industries (IATI), which also represents foreign investors and Israeli development centers for American companies, in cooperation with the RISE Institute for Policy and Research in…
-
Philippines levies 12% VAT tax on digital services by tech giants By Reuters
•
MANILA (Reuters) – The Philippines will impose a 12% value-added tax on digital services offered by technology giants such as Amazon (NASDAQ:), Netflix (NASDAQ:), Disney and Alphabet (NASDAQ:), in 2019. The Internal Revenue Agency said On Thursday, it is a move that will level the playing field with local players.…
-
Innovate UK urged to shift focus from grants to strategic investments in tech firms
•
Innovate UK’s incoming interim chief executive, Stella Pace, is being encouraged to transform the £1.1bn-a-year innovation agency into a more investment-focused body, according to Cambridge University-based entrepreneur Euan Kirk. Kirk, who also serves on the board of BAE Systems and heads Deeptech Labs in Cambridge, suggests Innovate UK should move…
-
Innovate UK urged to shift focus from grants to strategic investments in tech firms
•
Innovate UK’s incoming interim chief executive, Stella Pace, is being encouraged to transform the £1.1bn-a-year innovation agency into a more investment-focused body, according to Cambridge University-based entrepreneur Euan Kirk. Kirk, who also serves on the board of BAE Systems and heads Deeptech Labs in Cambridge, suggests Innovate UK should move…
-
Binance Founder Released From US Custody, Vows Tech Investments And Charity Efforts
•
Photo: Reuters The cryptocurrency industry has been rocked by a series of high-profile scandals and regulatory crackdowns in recent years, with US exchange Binance and its founder, Changpeng Zhao, at the center of some of the most significant developments. Zhao, widely known as “CZ Binance,” has now done just that…
-
Binance Founder Released From US Custody, Vows Tech Investments And Charity Efforts
•
Photo: Reuters The cryptocurrency industry has been rocked by a series of high-profile scandals and regulatory crackdowns in recent years, with US exchange Binance and its founder, Changpeng Zhao, at the center of some of the most significant developments. Zhao, widely known as “CZ Binance,” has now done just that…
-
Tech employees prefer to live in Tel Aviv
•
Technology employees are among the highest earners in Israel with the average gross monthly salary reaching NIS 32,215 in June, more than double the national average salary, according to the Central Bureau of Statistics. Between June 2023 and June 2024, the average Technology Employee salary increased by 8%, compared to…
-
Healthcare hit: tech and industrials defy today’s downturn
•
Stock Heat Map By FinViz.com Fri, 27 Sep 2024 13:46:15 GMT Sector overview Today’s stock market heat map reveals a diverse landscape of sector performance. It is worth noting that Health care sector Struggles with Eli Lilly (LLY) It led the decline to -2.29%. Meanwhile, technology and Industries They show…
-
Vietnam’s leader Lam meets US corporations, pledges to boost tech economy By Reuters
•
Vietnamese President To Lam has pledged to expand the country’s semiconductor and artificial intelligence industries during meetings with major U.S. companies in New York, as the communist-ruled nation seeks more investment from technology and other U.S. firms. Lam, on his first visit to the United States as Vietnamese president, is…