TECHNOLOGY

Chinese technology major Huawei created shockwaves with a smartphone that boasts of 5G-like speeds and, crucially, has at its heart a homegrown 7nm chip -- technology that China was not known to possess. IBT speaks to experts on whether U.S. curbs on China's access to advanced chip technology are failing.

The gatekeepers, which the European Union says are companies that provide "an important gateway between businesses and consumers in relation to core platform services," have six months to provide a "detailed" report to prove they comply with the DMA's provisions.

After news of the layoffs emerged, Roku stocks jumped about 3% higher.

The Chinese tech giant's Huawei Cloud Riyadh office, which was announced Monday at the Huawei Cloud Summit Arabia 2023, will focus on serving consumers across the Middle East, Central Asia and Africa.

Pegasystems is cutting another 4% of its headcount after it slashed its workforce in January, joining several other software firms affected by the greater tech reckoning.

SkyKick, which has been in a years-long legal standoff with British media conglomerate Sky, has implemented a new round of layoffs around five months since it last conducted job cuts.

Nvidia shares rose Tuesday after it announced an expansion of its AI partnership with Google Cloud, becoming the best performer so far this year in the S&P 500.

Chinese AI company SenseTime has reportedly cut its workforce after an earlier restructuring last year. The company recently won the Best Paper Award at the CVPR 2023 conference.

Just two months after it laid off 20% of its staff, Chingari has reportedly implemented another workforce reduction, this time affecting a larger portion of its headcount.

BioWare is laying off 50 workers weeks after parent company Electronic Arts moved the SWTOR game to an outside studio.

Biotech companies have also been hit by the wider tech reckoning that has so far resulted in more than 231,000 job cuts so far this year.

Thailand has threatened to take legal action against Facebook over cryptocurrency scams on the platform that are being facilitated through advertisements.

Elon Musk has admitted that X, previously known as Twitter, may be poised to fail less than a year after he acquired the social network for $44 billion, and some users believe Linda Yaccarino is to blame.

Microsoft is already enjoying the benefits of its investment in OpenAI and now it is reportedly banking on Databricks to launch a new AI service.

Indonesia-based Noice has implemented layoffs more than a year after it raised $22 million in a funding round. The startup joins Spotify and a few other streaming platforms that cut staff this year.

SecureWorks has once again announced layoffs just months after it reduced its headcount by around 9%, this time affecting a larger percentage of the workforce.

CoinDesk is reportedly letting go of some workers on its editorial team months after it broke the story that led to FTX's collapse.

Meta's Threads app has seen a significant decline in daily active Android users and people are spending less time on the app just over a month after it took social media by storm.

Meta is rehiring some of the employees affected by multiple rounds of layoffs at the company since November, and some are reportedly getting lower salary offers or lower positions.

Mobile Premier League (MPL) is reportedly laying off around 50% of its global workforce, weeks after India's GST announced a 28% tax on online gaming platforms that the industry said would burden both companies and players.

Rapid7, which has been at the center of takeover reports in the past months, announced an 18% reduction in its global workforce. More than three dozen cybersecurity firms have implemented layoffs in 2023.

Users can now utilize voice commands through Monocle's AR device, enabling a truly hands-free experience with ChatGPT's capabilities.

A study in February revealed that cybersecurity teams will be less likely affected by the wider tech reckoning, but several cybersecurity companies have already implemented job cuts this year.

CEO Will Marshall said Planet has had increased costs and business complexity since it went public in December 2021. Furthermore, changes in the macroeconomic environment also affected the company.

London-based Kape Technologies has laid off around 180 employees, citing a restructuring process at the cybersecurity firm that owns ExpressVPN. Kape joins 901 other tech companies that implemented job cuts so far this year.

As other big tech companies continue to release new AI products and announce AI collaborations, Apple, known for wrapping its products in secrecy, is reportedly working on AI tools that could challenge the likes of OpenAI's ChatGPT.

FibroGen joins Illumina and Genentech in implementing job cuts among Bay Area biotech firms this year.

Microsoft reportedly eliminated more than 1,000 jobs in the past week, affecting customer service and sales units the most. The company has been investing heavily in AI in recent months.

Video-sharing app TikTok has rolled out beta testing for its music streaming service in three more countries after previously launching the service in Brazil and Indonesia. The move could allow the ByteDance-owned company to compete with Spotify and other dominant players in the industry.