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Tech News
/ 2 months agoStandard Chartered forms joint venture to issue stablecoins in Hong Kong
Standard Chartered said on Friday that it has formed a joint venture with strategic partners to apply for a license to...
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Tech News
/ 2 months agoIndia tech giant TCS layoffs herald AI shakeup of $283 billion outsourcing sector
Indian outsourcing giant Tata Consultancy Services’ decision to cut over 12,000 jobs signals the start of a broader AI-fueled trend that...
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Tech News
/ 2 months agoMeta taps PIMCO, Blue Owl for $29 billion data center expansion project, source says
Meta has tapped U.S. bond giant PIMCO and alternative asset manager Blue Owl Capital to spearhead a $29 billion financing for...
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Tech News
/ 2 months agoChina’s SMIC says Trump tariffs did not cause expected ‘hard landing’
China’s top foundry SMIC’s co-CEO said on Friday that U.S. tariff policy had not resulted in the “hard landing” that the...
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Tech News
/ 2 months agoSoftBank shares surge to record after optimism for AI prospects boosted Q1 earnings
Shares in SoftBank Group jumped more than 13% to a record high on Friday morning in a show of investor support...
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Tech News
/ 2 months agoShares of Australia’s Iress rise on early buyout talks with Blackstone, Thoma Bravo
Shares of Australia’s Iress surged on Friday after the company said it had earlier considered a takeover approach from Blackstone and...
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Tech News
/ 2 months agoMeta selects Pimco, Blue Owl for $29 billion data center financing, Bloomberg News reports
Meta has selected investment management firm Pimco and alternative asset manager Blue Owl Capital for a $29 billion financing deal related...
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Tech News
/ 2 months agoAustralia’s Iress in buyout talks with Blackstone, Thoma Bravo
Australia’s Iress said on Friday it had previously considered a takeover approach from Blackstone and is now in preliminary discussions with...
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Tech News
/ 2 months agoAustralia’s privacy regulator sues Optus over 2022 data breach
An Australian regulator has sued Optus, alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised...
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Tech News
/ 2 months agoPinterest profit miss overshadows Gen Z, AI-driven growth
Pinterest missed analysts’ estimates for second-quarter profit on Thursday, overshadowing robust revenue and user growth, and sending its shares down over...