TECHNOLOGY

Microsoft is expected to hit $3 trillion in valuation through its work on artificial intelligence. Morgan Stanley has high hopes for the software giant, saying it has a 22% upside potential due to its "pole position" in the generative AI arms race.

Deel, valued at $12 billion, is the subject of a letter from a California state senator who wants to have the startup investigated over alleged dubious business practices, specifically with its employment classification system.

Threads is flying high after its glorious day one, but Twitter is not letting the "copycat" app celebrate too soon. Twitter lawyer Alex Spiro wrote to Meta CEO Mark Zuckerberg, accusing the social media giant of utilizing the knowledge of ex-Twitter-now-Meta-employees about Twitter trade secrets to develop Threads.

Meta has rolled out Threads, dubbed by some as a 'Twitter killer,' but there are increasing concerns about the massive trove of data that the Instagram-developed app collects.

Taiwan's chip giant TSMC said Thursday it did not expect any direct effect on production from China's latest export controls on two rare metals essential for making semiconductors.

Stripe is cutting jobs again, nearly eight months after it eliminated more than 1,000 roles. The company recently acquired analytics software company Okay and forged a partnership with Google Workspaces.

Pokémon GO maker Niantic is letting 230 workers go as part of its cost-cutting strategy, which also includes the shelving of two games. The company previously cut its staff in June last year and canceled four projects.

Plex and Zapier are just two of the software companies affected by the wider tech reckoning that has been gripping the industry since last year. This month alone, three other software companies eliminated hundreds of jobs collectively.

BlockFi creditors have moved to liquidate the defunct crypto lender following an investigative report that they said detailed CEO Zack Prince's perpetration of "a fraud on customers." BlockFi is just one of dozens of companies dragged into the collapse of crypto exchange FTX.

Google is slashing its Waze workforce as the search giant merges the app with its own mapping system. The number of tech companies laying off staff this year has now exceeded 800.

The company is expected to slash about 6,000 jobs by next week.

Anthropic, in an announcement, also confirmed that it previously raised capital from Bankman-Fried and Caroline Ellison, the former CEO of the now-bankrupt crypto hedge fund Alameda Research.

The "Genshin Impact" 3.3 update is still a few weeks away but the latest leaks, especially the new characters, excite fans.

It appears that hackers have found their way to the "Elden Ring."

Activision Blizzard's sales are still down compared to 2021 but ahead of forecasted average thanks to mobile game sales.

The statement also called the "use of civilian satellites" "provocative" and "questionable under the Outer Space Treaty."

The Inflation Reduction Act will hurt EV consumers short term but may benefit them long term.

Apple is world's leading original equipment manufacturer (OEM) in terms of semiconductor purchasing in 2012, according to a latest report by the research firm iSuppli. The Cupertino tech giant has not only been ranked first in the list of top 10 OEM semiconductor buyers, but has also increased its buying at a faster rate than other top firms, solidifying its dominance over the chip market, the report said.

The all new Google Drive is out now. Watch the video. The recent newsbreak comes by the French translation of new cloud storage announcement to its French blog (which is now deleted) has confirmed details on the new Google Drive.

Internet giant Yahoo could throw a wrench into Facebook’s planned $5 billion IPO by demanding that the social-networking company enter into patent licensing agreements.