Tech
Disney will buy a stake in Epic Games for $1.5 billion
In an interview with CNBC, Walt Disney CEO Bob Iger announced that Disney will acquire a minority stake in Fortnite publisher Epic Games for $1.5
Google to pay $350m to settle shareholder data privacy lawsuit
Google has agreed to pay $350 million to settle a shareholder lawsuit related to a security bug on its now-defunct social network Google+. The tentative
Disney, Fox and Warner Bros Discovery to create a joint sports streaming platform
Fox Corp, Walt Disney, ESPN and Warner Bros Discovery said they will launch a sports streaming service this autumn to appeal to younger viewers who
Britain to invest £100m in artificial intelligence research and regulation
Britain on Tuesday said it will spend more than 100 million pounds ($125 million) to launch nine new AI research centres and train regulators in
US plans to pay out chip funding grants in the next eight weeks
U.S. Commerce Secretary Gina Raimondo said Monday that her department plans to award several grants within two months to fund the government’s $39 billion semiconductor
Snap will lay off 10 per cent of employees due to the ongoing wave of layoffs
Snap said it will cut about 528 employees, or 10 per cent of its global workforce, a sign that the wave of tech layoffs seen
Nokia signs 5G patent agreement with China’s Vivo
Finnish telecoms equipment maker Nokia said on Monday it has signed a multi-year 5G patent licence agreement with Chinese smartphone vendor Vivo and will start
Samsung chief Jay Lee cleared of charges in 2015 merger case
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul court on Monday in a 2015
Search engine owner Yandex to leave Russia for $5.2bn
Nasdaq-listed technology company Yandex NV said it has struck a deal worth 475 billion rubles ($5.21 billion) in cash and stock to sell all of
Meta surged with a record $196 billion gain in stock market value
Meta Platforms boosted its share price by $196bn on Friday, the biggest one-day gain of any company in Wall Street history after parent company Facebook