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Business

Apple profit ebbs as iPhone sales under pressure

Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback.

Business

US judge grills both sides in landmark Google antitrust trial

A US judge on Thursday pushed against the central pleas of both US government and Google lawyers as he heard their closing arguments at a landmark antitrust trial in Washington.

Business

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia

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 ...

Business

Artists from Universal Music Group are heading back to TikTok as new licensing deal reached

Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long ...

Business

Q&A: What's behind the potential ban on TikTok?

On April 24, President Joe Biden signed a foreign aid package that included a security addendum—a ban of the popular China-based social media app TikTok unless its parent company is sold to an American firm within nine ...

Business

Embattled French tech giant Atos says needs more cash

Struggling French tech giant Atos said on Monday it needs more cash than previously estimated to stay afloat and welcomes a government offer to acquire company activities linked to national security.

Business

Cybersecurity firm Darktrace accepts $5 bn takeover

Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British group's "capability in artificial intelligence".

Business

Microsoft expands its AI empire abroad

Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this ...

Business

Japan to levy big fines with new app rules

Japan's cabinet approved Friday legislation that would slap major fines on tech giants like Google or Apple if they block access to third-party smartphone apps and payment systems.

Business

Meta profits soar but costs of AI cause worry

Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street.

Business

EPA says its new strict power plant rules will pass legal tests

The EPA on Thursday announced a series of actions to address pollution from fossil fuel power generators, including a final rule for existing coal-fired and new natural gas-fired plants that will eventually require them to ...