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IBM loses quarter of its value as tech giant’s shares plunge and profits falter
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft Shares in IBM plunged more than 25% on Tuesday after the US tech giant released disappointing preliminary second-quarter results. IBM’s stock was on track for an even steeper single-day decline than it suffered during the 1987 “Black Monday” crash. IBM…
US tech firm Oracle cuts thousands of jobs as it steps up AI spending
Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off. The $420bn firm, headquartered in Austin, Texas, started making employees redundant on…
Fifty years of sexing up tech: Apple’s epic hits – and misses
Remember the iPod? How about the Pippin? In the half-century since it launched its first PC, Apple has given us some amazing innovations. We round up its biggest triumphs and flops Fifty years after Steve Jobs, Steve Wozniak and Ronald Wayne founded the company in Jobs’ parents’ garage in Los Altos, California, Apple has become…
TikTok announces it has finalized deal to establish US entity, sidestepping ban
Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX TikTok announced on Thursday it had closed a deal to establish a new US entity, allowing it to sidestep a ban and ending a long legal battle. The deal finalized by ByteDance, TikTok’s Chinese owner, sets up a majority American-owned…
Larry Ellison: Oracle co-founder who overtook Musk as world’s richest person
Tycoon who briefly surpassed Elon Musk is a friend of Trump, owner of Hawaii island and father of man who took over CBS Larry Ellison, the co-founder of software company Oracle, is having a good year. His friend Donald Trump is in the White House, his son David Ellison has taken over the storied media…
Russia orders state-backed Max messenger app to be pre-installed on new phones
Critics say Max, a WhatsApp rival, could be used to track users, though state media says it is not a spying app A Russian state-backed messenger application called Max, a rival to WhatsApp that critics say could be used to track users, must be pre-installed on all mobile phones and tablets bought in the country…
Google launches Pixel 10 with AI tools that anticipate users’ needs
Gemini’s new Magic Cue feature allows chatbot to scan digital life and pull up relevant information Google’s latest Gemini AI upgrades attempt to anticipate what useful information you made need from your life to address a potential issue, make you to better photographer or become your personalised health and sleep coach. Shipping on the just-announced…
Competition shows humans are still better than AI at coding – just
Przemysław Dębiak, who beat OpenAI at world finals, says he may be last human to win due to incredible pace of technological progress Computers have taken the crown in chess, Go and poker, but when it comes to competitive coding, humans still have the edge – just. Przemysław Dębiak, a Polish coder and mind sports…