Struggling French IT consulting firm Atos ATOS.PA on Thursday said a review of its business plan would lead to an increased need for cash and potentially additional debt reduction, forcing it to update the parameters of its refinancing plan in the coming days.Atos also said it would...

   Meta Platforms META.O disappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, knocking nearly billion off its stock market value and raising fears the surging cost of AI is outpacing its benefits.Shares of the Facebook and Instagram parent...

   European chipmaker STMicroelectronics STMPA.PA on Thursday lowered its full year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies.The warning came after the company posted lower than...

   French software maker Dassault Systemes DAST.PA reported on Thursday a rise of in first quarter revenue, supported by growth in its software business, but the number came in slightly below analysts’ estimates.The company, which sells software for car makers, planemakers and industrial firms,...

   Apple lost its crown as China’s biggest smartphone seller in the first quarter of as its smartphone shipments fell . from a year ago amid intense competition, preliminary data from research firm IDC showed on Thursday.Honor and Huawei were tied for the top spot, with Honor’s market share...

   JioCinema, the streaming platform run by India’s Reliance Industries RELI.NS , on Thursday cut prices of its premium offering to as low as rupees . a month, heating up competition for Netflix NFLX.O and Amazon AMZN.O Prime.Reliance runs multiple TV channels and JioCinema streaming...

   South Korean battery maker LG Energy Solution LGES .KS said on Thursday it plans to minimise capital expenditure this year due to slowing global electric vehicle EV demand, after reporting a plunge in first quarter profit.The supplier of automakers including Tesla TSLA.O , General...

   South Korea’s SK Hynix Inc .KS said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory HBM for use in generative AI chipsets.The world’s second biggest memory chipmaker...

   Rubrik RBRK.N , the cybersecurity software startup that counts Microsoft MSFT.O among its investors, on Wednesday priced its initial public offering at per share, above its indicated price range.Rubrik upsized its IPO to raise million after selling . million shares, the company said...

   Upcoming quarterly reports from U.S. tech giants may show Microsoft MSFT.O is closing the gap on cloud computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI’s technology.The Redmond, Washington...

   Britain’s competition watchdog said on Wednesday it was seeking comments on the AI partnerships between Microsoft MSFT.O and Mistral AI, as well as between Amazon AMZN.O and Anthropic.The Competition and Markets Authority also said it wanted to hear the views of third parties on Microsoft’s...

   Taiwan Semiconductor Manufacturing Co .TW said on Wednesday that a new chip manufacturing technology called A will enter production in the second half of , setting up a showdown with longtime rival Intel INTC.O over who can make the world’s fastest chips.TSMC, the world’s biggest...

   Semiconductor testing equipment maker Teradyne TER.O forecast second quarter profit and revenue above Wall Street estimates on Wednesday, helped by strong demand for its chip testing equipment.Shares of the company rose nearly in extended trading.The growing demand for memory and networking...

   Technology firm Cisco Systems CSCO.O said that hackers have subverted some of its digital security devices to break in to government networks globally.In a blog post published on Wednesday, the company said its Adaptive Security Appliances pieces of equipment that roll several different digital...

   Disappointing forecasts from Facebook parent Meta Platforms META.O has proven contagious, sparking a sell off in tech and tech related stocks in after hours trading.Meta said it expects increased spending on AI technology and lower revenues in the current quarter, sending its stock down as much...

   TikTok’s chief executive said on Wednesday the social media company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban its popular short video app used by million Americans. Rest assured we aren’t going anywhere, CEO Shou Zi...

   International Business Machines IBM.N will buy HashiCorp HCP.O in a deal valued at . billion, the company said on Wednesday, expanding its cloud based software products to tap into an AI powered boom in demand.Software has been a bright spot for IBM as its consulting business grapples with...

   Tyler Technologies TYL.N beat Wall Street estimates for first quarter revenue on Wednesday, helped by strong demand for its information technology services as enterprise clients are moving towards digital solutions.The increase in enterprises and government agencies digitizing their operations...

   Lam Research LRCX.O reported quarterly revenue above Wall Street expectations on Wednesday, as chipmakers ordered more of its equipment used to manufacture semiconductors for artificial intelligence applications.Lam Research supplies equipment to chip manufacturers, whose businesses had taken a...

   Align Technology ALGN.O on Wednesday raised its annual revenue growth forecast after topping Wall Street estimates for first quarter profit, banking on resilient demand for its clear teeth aligners among teenagers and younger patients.Shares of the dental products maker rose . in extended...

   The U.S. government set up a likely court showdown over the scope of TikTok’s free speech protections under the U.S. Constitution after President Joe Biden signed legislation on Wednesday to ban the social media platform from app stores unless its Chinese owner sells it.While the bill itself does...

   TikTok will voluntarily suspend its new app TikTok Lite’s reward programme while it tries to resolve EU concerns, the company said on X social media platform on Wednesday.The European Commission is using its Digital Services Act DSA rules to force major online companies to do more to tackle...

   ServiceNow NOW.N on Wednesday forecast second quarter subscription revenue below market expectation as businesses spend cautiously in a tough economy, sending the cloud software provider’s shares down nearly in trading after the bell.The company has been deploying GenAI technologies in its...

   U.S. prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.Prosecutors made the request in a Tuesday night filing in Seattle...

   The U.S. Senate voted by a wide margin late Tuesday in favor of legislation that would ban TikTok in the United States if its owner, the Chinese tech firm ByteDance, fails to divest the popular short video app over the next nine months to a year.Driven by widespread worries among U.S. lawmakers...

   The U.S. Senate on Tuesday passed legislation giving TikTok’s Chinese owner, ByteDance, about nine months to divest the U.S. assets of the short video app, or face a nationwide ban. President Joe Biden said he will sign the bill into law on Wednesday.Here is what will likely happen next for TikTok...

   Italy’s antitrust authority has fined two subsidiaries of Amazon AMZN.O a total of million euros . million for alleged unfair commercial practices, the regulator said on Wednesday, a decision the U.S. e commerce giant said it would appeal.Amazon significantly restricted consumers’...

   Tesla TSLA.O shares surged about on Wednesday after the electric car maker eased some worries about slowing growth with its plans to roll out more affordable models in early .Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits,...

   Hong Kong listed spot bitcoin and ether exchange traded funds aim to start trading on April , three asset managers that provide the products said on Wednesday.The financial hub is set to be Asia’s first to accept cryptocurrency products as a mainstream investment tool, and the products have also...

   AT T T.N surpassed Wall Street expectations for first quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher tier unlimited plans.The telecom giant has been leaning on its G rollouts and plans that are usually cheaper than rivals such as Verizon...