Technology
Apple profit falls but beats expectations
Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced a massive $110 billion share buyback. The iPhone maker reported a profit of $23.6 billion on $90.8 billion in revenue in the first three months of this year.
US judge grills both sides in landmark Google antitrust trial
A US judge on Thursday pushed against the central pleas of both US government and Google lawyers as he heard their closing arguments at a landmark antitrust trial in Washington. You have to establish foreclosure first and if you can't, you lose," Mehta told the US government lawyers.
TikTok reaches music licensing deal with Universal, ending feud
TikTok and Universal announced a new licensing agreement Thursday, ending a months-long dispute that saw popular music expunged from the social media platform. Millions of videos involving Universal artists became muted on the platform.
Microsoft announces $2.2 bn AI, cloud investment in Malaysia
Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country's AI infrastructure. The pledge comes after he announced a $1.7 bn investment in Indonesia, as well as Thailand's first data centre region this week to boost cloud and artificial intelligence infrastructure.
13 years in US prison for Ukrainian REvil hacker
A Ukrainian man was sentenced to more than 13 years in prison in Texas on Wednesday for his role in ransomware attacks by the notorious Russia-based REvil hacking group, the US Justice Department said. Vasinskyi, also known as Rabotnik, was sentenced to 13 years and seven months in prison and ordered to pay $16 million in restitution for his involvement in more than 2,500 ransomware attacks.
Nepalis fight TikTok ban in court, or ignore it entirely
When Nepal suddenly announced a ban on TikTok last year, lawyer Sunil Rajan Singh was determined to fight what he said was a government effort to hide its wrongdoings. Others like Singh are determined to fight.
Amazon triples quarterly profit as cloud surges
E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. The embrace of AI has boosted sales of its key cloud services, such as Azure, a rival of AWS. Like most tech titans, Amazon faces increased regulatory scrutiny.
Amazon triples quarterly profit as cloud and ads grow
E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion compared with a profit of $3.2 billion on $127.4 billion in sales in the same period a year earlier.
Vienna conference urges regulation of AI weapons
The world should establish a set of rules to regulate AI weapons while they're still in their infancy, a global conference said on Tuesday, calling the issue an "Oppenheimer moment" of the time. He warned now was the "time to agree on international rules and norms to ensure human control".
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