Industry Updates
Meta Pulls Ads Recruiting Plaintiffs in Social Media Addiction Lawsuits
CHICAGO, April 9 — Meta Platforms said it is removing advertisements from Facebook and Instagram that were aimed at recruiting…
U.S. Officials Warn Bank CEOs of Cyber Risks from Anthropic AI Model
WASHINGTON — U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell held an urgent meeting with top bank…
Beyond Bank Hires CBA Tech Leader Mark Angrish as CTO
Beyond Bank has appointed seasoned technology leader Mark Angrish as its new chief technology officer, with the role set to…
Apple’s Foldable iPhone Faces Delays Amid Engineering Challenges
Apple is reportedly facing technical hurdles in the development of its long-anticipated foldable iPhone, raising the possibility of delays to…
Samsung Forecasts Surge in Profit as AI Chip Demand Drives Prices Higher
Samsung Electronics has projected a sharp rise in first-quarter earnings, driven by soaring demand for artificial intelligence infrastructure that has…
OpenAI Calls for Investigation Into Elon Musk Ahead of High-Stakes Trial
OpenAI has urged regulators in the United States to investigate what it describes as “anti-competitive behavior” by Elon Musk, escalating…
U.S. Lawmakers Propose New Export Restrictions on Chipmaking Equipment to China
Amsterdam, April 3 — U.S. lawmakers have proposed new legislation that could further restrict the export of semiconductor manufacturing equipment…
Wipro Shares Rise After $375 Million Deal to Acquire Olam’s IT Business
April 6 — Shares of Wipro rose on Monday after the company announced it would acquire the IT services business…
Samsung Electronics Set for Record Quarterly Profit on AI Chip Boom
Seoul, April 3 — Samsung Electronics is expected to report a massive surge in quarterly profit, driven by soaring memory…
Foxconn Reports Strong Q1 Revenue Growth Driven by AI Demand, Warns on Global Politics
Taipei, April 5 — Taiwanese electronics giant Foxconn reported a strong rise in first-quarter revenue, driven by growing demand for…