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Nitro Software recommends KKR’s Alludo offer to takeover $335 mln
Australia Software Company Nitro said on Tuesday its board had determined the near A$500 million ($335 million) offer from KKR Inc's Alludo to be "superior" to an earlier bid from major shareholder…
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Italian Government Outlaws Facial Recognition Technology, Except to Fight Crime
Italy prohibited the use of facial recognition and 'smart glasses' on Monday as its Data Protection Agency issued a rebuke to two municipalities experimenting with the technologies. Facial recognition systems…
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Google Expects to Pay Close to $400 Million to Settle U.S. Location Tracking Probe
Google’s Alphabet will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users' locations, the Michigan attorney general's office said Monday. The…
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Silicon Valley Chip Startup Cerebras Unveils Artificial Intelligence Supercomputer
Silicon Valley startup Cerebras Systems, known in the industry for its dinner plate-sized chip made for artificial intelligence work, on Monday unveiled its AI supercomputer called Andromeda, which is now…
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Amazon Virtual Healthcare Clinic Launches in U.S.
Virtual platform for common healthcare conditions like allergies, acne and asthma, expanding the e-commerce giant's presence in the U.S. healthcare space, the Amazon clinic was launched on Tuesday, the new…
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Reorganisation Underway, Nearly Half of Meta Job Cuts Were in Technology
Meta executives said they were reorganising parts of the company, combining a voice and video calling unit with other messaging teams and setting up a new division, Family Foundations, focused…
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Elon Musk’s Twitter Pauses Paid Verifications After Users Abuse Service to Impersonate Brands and People
Twitter Blue subscription option vanishes, the option to sign up for the $8 a month subscription service Twitter Blue is no longer available on Twitter's iOS app, as previously reported…
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Musk’s First email to Twitter Staff Ends Remote Work
The Twitter new owner in his first email to the company employees said remote work would no longer be allowed and that they would be expected in office for at…
Read MoreMeta to Cuts 11,000 Jobs as it Sinks More Money into the Metaverse
Meta Platforms Inc (META.O) said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a…
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Adobe Acquires Figma in Record Breaking Deal
Software giant, Adobe acquires Figma in a record-breaking deal of the century, said to be the biggest takeover of a private software company. The payment will be part cash and…
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