Microsoft and Meta earnings beat expectations Microsoft and Meta earnings beat expectations in latest report 03:11 Microsoft on Tuesday said it’s cutting 3% of its workforce across the board. The layoffs are expected to impact all levels and geographies, but will focus on reducing management levels, the company said in a statement. Notices went out…
Hangzhou-based Alibaba’s cloud computing unit on Tuesday unveiled its much-anticipated Qwen3 family, consisting of eight enhanced models that range from 600 million to 235 billion parameters. Alibaba owns the South China Morning Post. In machine learning, parameters are the variables present in an AI system during training, which helps establish how data prompts yield the…
Hangzhou-based Alibaba’s cloud computing unit on Tuesday unveiled its much-anticipated Qwen3 family, consisting of eight enhanced models that range from 600 million to 235 billion parameters. Alibaba owns the South China Morning Post. In machine learning, parameters are the variables present in an AI system during training, which helps establish how data prompts yield the…
In This Story U.S. stocks were a mixed bag Monday as investors followed earnings across sectors, from pizza to semiconductors and sanitation. How Trump’s tariffs could make your iPhone cost $3,500 The Dow Jones Industrial Average climbed 114 points, or 0.3%, while the S&P 500 gained almost 4 points, or about 0.1%. The tech-heavy Nasdaq finished…
In This Story If you thought last week was a heavy one for markets — big intraday swings, shifting sentiment — just wait. Another packed slate of earnings and economic data is on the way, offering one of the clearest views into the health of American business yet this year. Think Amazon (AMZN), Meta (META),…
The United States and China are not only locked in a growing tariff war that could drag the world economy into a recession but also stuck in an increasingly fierce competition in the field of artificial intelligence. So far, the US is seen as the leader in AI technologies but that does not necessarily mean…
Tim Cook and Donal Trump in 2019 — image credit: White House Despite scaremongering headlines, Trump did not escalate his “reciprocal” China tariff to 245% on Tuesday night. The figure is a reinstatement of previous tariffs that don’t apply to Apple or big tech at all. Coming on top of previous escalations and the Apple…
Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
US technology giant Microsoft has abruptly suspended some services for a number of clients in mainland China, fuelling speculation about accelerating technological decoupling between the world’s two largest economies. Guangzhou-based Sun Yat-sen University sent a notice to faculty and students on Tuesday night stating that Microsoft 365 services – including OneDrive, OneNote, and SharePoint –…
Microsoft founder and former CEO Bill Gates is one of the richest persons with a current net worth of $101.2 billion. However, he has no plans to leave even 1% of his fortune to his children. Gates recently appeared on Raj Shamani’s podcast where he said that they will get “less than 1 percent of…