Latest news and articles about technology companies from NEX English
Chinese AI companies, Minimax Group and Zhihub Technology, will join the Hang Seng Technology Index next month. This decision follows investor criticism regarding the index's performance amid the global AI boom.
Meta, the parent company of Facebook and Instagram, is facing off against the UK media regulator Ofcom in the Supreme Court regarding potential fees and penalties under the Online Safety Act. Meta argues that Ofcom's assessments are disproportionate, while the regulator plans to defend its stance.
The world is focusing on technology giants in Asia, where the artificial intelligence sector is experiencing a new boom. These companies are striving to develop innovative technologies that enhance their position in the global market.
Construction unions in the United States have announced a strategic alliance with major technology companies to support the establishment of artificial intelligence data centers. This collaboration comes at a time when the tech industry is experiencing rapid growth, necessitating robust infrastructure.
The Pentagon has announced agreements with seven leading technology companies aimed at enhancing the use of artificial intelligence in covert military operations. This strategic move reflects an effort to bolster digital military capabilities amid increasing global challenges.
The long-standing price gap between stocks listed in mainland China and those in Hong Kong has notably decreased as global investors reassess Chinese technology companies. The <strong>Hang Seng AH Premium</strong> index, which measures this gap, has sharply declined.
A Chinese company has ignited widespread debate after using data from a former employee to create a robot that replaces him following his resignation. This incident raises significant questions regarding ethics and individuals' rights to protect their data.
A recent survey reveals that <strong>71%</strong> of technology companies in Israel are experiencing a significant decline in capital, prompting <strong>10%</strong> of them to implement austerity measures, including unpaid leave for employees.
Broadcom, a leading American semiconductor company, has announced the appointment of Amy Thoener as its new Chief Financial Officer, effective June 12, 2023. This decision follows the retirement of the current CFO, Kirsten Spears.
In a surprising move, a group of private credit firms led by Blackstone has declined to extend financial support to Medallia, intensifying pressure on its owner, Thoma Bravo. This decision comes as Medallia faces significant financial difficulties, necessitating swift action.
The FBI has charged two Iranian sisters with stealing trade secrets related to American technology companies. This act has been described as a deliberate betrayal of trust, posing a threat to the economic security of the United States.
Elon Musk has announced his new project 'Terafab' dedicated to manufacturing custom chips for artificial intelligence and robotics, to be established in Austin, Texas. The initiative aims to meet the growing demand for advanced technologies in space data centers.