tech industry News

Amazon CEO Andy Jassy's Compensation Soars to $40.1M in 2024: A 37% Increase from Previous Year

Amazon CEO Andy Jassy's total compensation reached $40.1 million in 2024, marking a 37% increase from the previous year. His base salary remained at $365,000, with stock performanc...

Samsung Electronics Surpasses Expectations with Stellar Q1 2025 Profit Surge

Samsung Electronics reports a significant profit increase in Q1 2025, with an estimated operating profit of 6.6 trillion Korean won ($4.5 billion) and consolidated sales around 79 ...

Zomato Shakes Up Workforce: Over 500 Customer Support Jobs Axed Amid AI Shift

Zomato has laid off 500-600 customer support employees, citing non-performance, amid a shift towards AI automation. The move has caused employee backlash, reflecting a wider indust...

Elon Musk's xAI Makes a Bold Move: Acquires Social Media Giant X in a Landmark Deal

Elon Musk's xAI acquires social media platform X in a landmark all-stock deal, aiming to blend AI innovation with social media's reach for smarter user experiences. The deal values...

Samsung Electronics Mourns the Sudden Loss of Co-CEO Han Jong-hee at 63

Samsung Electronics Co. Ltd. co-CEO Han Jong-hee has died at 63 from a heart attack. A key figure in Samsung's display technology, Han's leadership and innovation will be deeply mi...

Intel's Stock Skyrockets 15% Following Strategic CEO Appointment

Intel Corp. sees a 15% stock surge after appointing Lip-Bu Tan as the new CEO, aiming to restore its position as a leading tech company with a focus on engineering and customer sat...

TSMC's $100 Billion Investment in US Chip Manufacturing: A Game-Changer for the Tech Industry

TSMC plans a $100 billion investment in US semiconductor manufacturing, aiming to build cutting-edge facilities. This move could include acquiring Intel's US manufacturing unit, ma...

Dell Achieves a 7% Revenue Growth in Q4 2025, Reaching $23.4 Billion

Dell reports a 7% revenue increase in Q4 2025, totaling $23.4 billion, highlighting its strong performance in the competitive tech industry. Further details on strategies and futur...

Elon Musk Shuts Down Rumors of TikTok Acquisition Amid Political Speculations

Elon Musk has denied any plans to acquire TikTok, despite previous support from former President Donald Trump. This decision underscores the intricate relationship between technolo...

Google Reevaluates DEI Initiatives Amidst Industry-Wide Scrutiny

Google has decided to eliminate its diversity hiring goals and review its DEI programs, reflecting a broader trend in the tech industry. This move comes after setting ambitious div...

Palantir Technologies Reports a Stunning 36% Revenue Growth in Q4, Reaching $828 Million

Palantir Technologies achieved a 36% revenue growth in Q4, reaching $828 million, highlighting its significant impact and growth in the tech industry.

Nvidia Stock Plummets 5% to September Lows Amid New US Tariff Announcements

Nvidia's stock fell by 5%, hitting its lowest since September, following President Trump's announcement of new tariffs on imports from Canada, Mexico, and China. By 9:41 am ET, sha...

Bitcoin Surges Past $104K Again, Fueled by Trump's Upcoming Inauguration

Bitcoin surpasses $104,000 again, driven by anticipation of Donald Trump's inauguration. Tech industry leaders' attendance at the event is expected to boost cryptocurrency interest...

Government to Engage Tech Industry in Data Transfer Restrictions: Minister Ashwini Vaishnaw

IT Minister Ashwini Vaishnaw announces plans to consult with the tech industry and experts before implementing restrictions on transferring personal data outside India, aiming for ...

Tech Titans Unite: Apple's Tim Cook Joins Meta and Amazon in $1M Donation to Trump's Inaugural Fund

Apple CEO Tim Cook is set to donate $1 million to President-elect Donald Trump's inaugural fund, joining other tech leaders like Mark Zuckerberg and Jeff Bezos in a show of support...

Exclusive: Bill Gates Seeks Strategic Meeting with President-elect Trump at Mar-a-Lago

Bill Gates has requested a meeting with President-elect Donald Trump at Mar-a-Lago, joining a list of tech industry leaders meeting Trump to pledge support and donations ahead of h...

Trump and Google CEO Sundar Pichai to Discuss Tech Industry Concerns at Mar-a-Lago

Google CEO Sundar Pichai is set to meet with US President-elect Donald Trump to discuss tech industry concerns, including Trump's criticism of perceived bias and Google's antitrust...