Tag: Mobile

Apple lays off over 600 California employees after shuttering car project

ichitra.digital

Apple lays off of 614 workers in California, marking the company’s first significant job cuts since the pandemic. The affected employees, working across various Santa Clara facilities, include machine shop managers and engineers. The move comes amid Apple’s recent cancellation of a self-driving car project, reflecting shifts in the tech giant’s strategic focus. of 614 workers in California, marking the company’s first significant job cuts since the pandemic. The affected employees, working across various Santa Clara facilities, include machine shop managers and engineers. The move comes amid Apple’s recent cancellation…

Generative AI 'FOMO' is driving tech heavyweights to invest billions of dollars in startups

ichitra.digital

[ad_1] Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Tech giants aren’t doing much acquiring these days, due mostly to an unfavorable regulatory environment. But they’re finding other ways to spend billions of dollars on the next big thing. Amazon’s $2.75 billion investment in artificial intelligence startup Anthropic, announced this week, was its largest venture deal and the latest example of the AI gold rush that’s prompting…

Reddit shares plunge almost 25% in two days, finish the week below first day close

ichitra.digital

[ad_1] The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the week below their closing price on Reddit’s first day of trading on the New York Stock Exchange. They closed at $50.44 last Thursday. Stock markets are closed on Good Friday. Reddit shares began their…

Apple’s Antitrust Battle: 5 Years of Disruptions Ahead

ichitra.digital

[ad_1] Apple CEO, Tim Cook, testifies before the Senate Homeland Security and Governmental Affairs Committee’s Investigati Also Read :KKR vs SRH, IPL 2024: March Madness Spotlights a Sport Relegated to Pittsburgh’s Shadows: Basketball The U.S. Department of Justice sued Apple on Thursday, accusing it of using the iPhone’s market power to cut off rivals, kicking off a multiyear process involving hundreds of lawyers and threatening Apple’s “walled garden” business model. If the DOJ wins, it could seek a range of changes to Apple’s business, and U.S. officials didn’t rule out…