The cloud services business unit of the retailing giant Amazon.com Inc has announced that it is contemplating making an investment of an additional $35 billion in data centers in Virginia by 2040.   Amazon Web Services (AWS) stated that the new streak of its investment will...

According to a reports quoting information from a court filing, federal prosecutors seized almost $700 million in assets from FTX founder Sam Bankman-Fried in January, primarily in the form of Robinhood stock.   Bankman-Fried has pleaded not guilty to fraud charges after being...

According to testimony from a senior engineer, a 2016 video that was used by Tesla for promoting its self-driving technology was a staged one aimed at showcasing the capabilities such as stopping a car at a red light and speeding at a green light which...

Thousands of layoffs is being planned by Microsoft Corp and the tehc giant wants to completely eliminate some positions in the human resources and engineering divisions, according to media reports published recently.   The expected layoffs would be the latest in the United States' technology...

A deal is close to be completed between Renault SA and China's Geely Automobile Holdings  aimed at bringing Saudi Arabian state oil producer Aramco to invest and be a partner in the development of  and and supplying gasoline engines and hybrid technologies, according to a report by...

Microsoft Corp. has announced that it is expanding access to widely successful software from OpenAI, a startup it is supporting whose futuristic ChatGPT chatbot has captured Silicon Valley's attention.   Microsoft announced that the startup's technology, which it had previously previewed to...

India's largest private sector Bank, HDFC Bank, announced an 18.5% increase in its net profit for the October-December quarter on Saturday, helped by higher top-line and loan growth.   The net profit for the quarter was 122.59 billion rupees ($1.51 billion), up from 103.42...

After it fails to meet the estimates of Wall Street for delivery of its vehicles for 2022, the electric car maker Tesla Inc has challenged its Rivals by slashing its prices globally for its electric cars by as much as 20% and thereby has furthered its aggressive strategy of discounting to combat...

Chinese authorities are planning to re-release Didi Global's ride-hailing and other apps on domestic app stores as soon as next week, according to a report by Reuters quoting information from sources. This step is a signal of the end of their two-year regulatory crackdown on the technology sector....

Tesla reduced prices on its electric cars in the United States and Europe, according to the automaker's website, broadening a new assertive discounting strategic plan after falling short of Wall Street delivery estimates.   According to calculations made by the media, the US price...

Taiwanese chipmaker TSMC warned on Thursday that first-quarter revenue could fall by up to 5% and that annual investment would be reduced as the major Apple Inc supplier anticipates softer demand due to a slowing global economy.   The bearish outlook comes on the heels of a 78% increase in...