Business News

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
2024-05-02 09:50:15
Microsoft is investing $2.2 billion over the next four years in Malaysia's new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI center, its CEO Satya Nadella said Thursday.
Microsoft makes renewable energy deal with Canada's Brookfield
2024-05-02 09:32:25
Microsoft and Canada's Brookfield Asset Management have struck an agreement for the development of renewable energy that could make one of the biggest corporate purchases of green energy to date, the companies said on Tuesday.
How to build and protect skills in our modern workplace, a world filled with AI and robots
2024-05-01 23:26:03
Researcher and technologist Matt Beane, an assistant professor in the Technology Management Department at UC Santa Barbara, is calling attention to an immediate and hidden concern in the modern workplace—and offering a surprising path forward.
Change Healthcare cyberattack was due to a lack of multifactor authentication, UnitedHealth CEO says
2024-05-01 18:35:55
The Change Healthcare cyberattack that disrupted health care systems nationwide earlier this year started when hackers entered a server that lacked a basic form of security: multifactor authentication.
UnitedHealth CEO Andrew Witty defends ransom payment in testimony on cyberattack
2024-05-01 16:46:52
Witty said he himself made the decision that UnitedHealth would pay a ransom to the hackers who caused the massive data breach.
TikTok seems to be dodging App Store commissions in Epic fashion
2024-05-01 12:49:01
You know, the thing that got Fortnite booted from the App Store.
I have some questions about what Changpeng Zhao gave to the feds
2024-05-01 12:49:01
Even the prosecutors seemed impressed!
Chinese government offers new subsidies to rev up auto demand · TechNode
2024-05-01 12:48:34
Chinese consumers are being offered at least RMB 7,000 ($986) in subsidies to trade in their old, less environmental-friendly vehicles for new and more
BMW to invest further $2.76 billion to adjust to EV shift in China · TechNode
2024-05-01 12:48:31
BMW announced on Friday it will invest RMB 20 billion ($2.8 billion) to expand a production facility in the northeastern Chinese city of Shenyang, as the
Meituan to bring delivery service KeeTa to Riyadh following its CEO’s take over of overseas business · TechNode
2024-05-01 12:48:25
China’s food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of Saudi Arabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.
Temu aims to triple sales to $60 billion globally in 2024: report · TechNode
2024-05-01 12:48:25
Chinese e-commerce platform Temu has set a $60 billion sales goal for this year that would more than triple the roughly $18 billion it brought in in 2023,
The Fed rate decision meeting is today. Here are the odds of a cut.
2024-05-01 12:37:07
Inflation-weary consumers have also been slammed by high borrowing costs. Here's what economists expect the Fed to announce.
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
2024-05-01 11:04:50
Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service.
Qantas says app glitch exposed passengers' travel details
2024-05-01 11:04:50
Qantas apologized Wednesday after a "technology issue" with its mobile app exposed users' travel details including their names, flights and points.
Fubo drops Discovery networks and blasts WBD for abusing its power
2024-05-01 02:20:11
The streaming TV service wants to offer a cheaper sports bundle.
China opens door wider to Tesla as local giants disrupt EV sector · TechNode
2024-05-01 01:29:40
The US and China have been in a neck-and-neck race to develop “end-to-end neural network” technology, experts said.
Kylie Robison Joins The Verge as Senior AI Reporter
2024-05-01 01:29:37
She’ll lead the technology publication’s coverage of artificial intelligence, working closely with The Verge’s policy and tech teams.
Listen to the Amazon (AMZN) Q1 2024 earnings call here
2024-04-30 21:26:52
Tune in to hear how Amazon performed over its first quarter of its 2024 reporting period.
Most of Tesla's Supercharger charging network team has been reportedly laid off [UPDATED]
2024-04-30 21:26:51
The latest round of Tesla layoffs impacted the roughly 500-person Supercharger team.
AMD Q1 2024 earnings results fall in-line with expectations
2024-04-30 21:26:47
AMD's revenue and price-per-share matched expectations, though it missed the whisper number.

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