big tech

On Monday, Palantir Technologies Inc (NYSE: PLTR) reported 13% revenue growth while also issuing third quarter guidance that topped estimates, implying an acceleration in revenue growth. As for the AI hype, Palantir CEO Alex Karp emphasized that the data company aims to do much more than merely...

Last week, the EU Commission announced it will be introducing new rules to empower regulators going after Big Tech by revamping cross-border procedures for privacy probes. Since the General Data Protection Regulation came into force back in 2018, investigations have been criticized for taking too...

Florida Governor Ron DeSantis on Sunday accused the federal agencies under the Trump administration of "colluding" with Big Tech to suppress the Hunter Biden story in 2020.  What Happened: DeSantis, in an interview on Fox News's "Sunday Morning Futures," criticized former President Donald...

Despite Big Tech's big run to start the year, Neuberger Berman's Daniel Flax still sees opportunity in a few of the mega caps heading into the back half of the year.  "I continue to see select opportunities into the second half and beyond. It's driven by...

Amazon.com Inc. (NASDAQ:AMZN) has postponed the unveiling of its virtual care services across all 50 states, following privacy concerns raised by Senators Peter Welch and Elizabeth Warren, Politico reports. Privacy Concerns The Senators expressed concerns about Amazon “harvesting”...

The European Union’s antitrust regulators are set to launch a full-scale investigation into Amazon.com Inc.’s (NASDAQ:AMZN) $1.7 billion acquisition of robot vacuum cleaner maker iRobot (NASDAQ:IRBT), Reuters reports. EU’s Antitrust Investigation Following the end of its...

This story was first published on the Benzinga India portal. The head of India's IT regulator has said that government would certify permissible online games until the gaming industry establishes a self-regulatory organization (SRO), a day after Apple Inc. (NASDAQ: AAPL) sought a “...

This story was originally published on the Benzinga India portal. Manish Chopra, the director and head of partnerships of Facebook parent Meta Platforms Inc's (NASDAQ: META) India unit, is stepping down after a four-and-a-half-year stint. What Happened: In a LinkedIn...

A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth. Long big tech (32%), short banks (22%) and short the U.S. dollar (16%) were found to be the...

Alphabet Inc (NASDAQ: GOOG) joined several other big tech companies in laying off staff when it announced it would cut 12,000 employees earlier this year. Although the company implemented an overall workforce reduction, it's still hiring in key roles and it's not holding back when it comes...

As Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) upped the ante with its announcement concerning “Bard,” its ChatGPT equivalent, Microsoft Corp. (NASDAQ: MSFT) has reportedly teased an event to be held at 1 p.m. EST on Tuesday to officially unveil ChatGPT integration into its...

The Joe Biden administration is echoing the sentiments of Tesla CEO Elon Musk when it comes to the practice of imposing a 30% “tax” on mobile applications by Apple Inc (NASDAQ: AAPL) and rival Google owned by Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). What Happened: The Department of...

Wedbush analyst Dan Ives said Thursday that calls from Apple Inc (NASDAQ: AAPL), Amazon.com, Inc (NASDAQ: AMZN) and Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) are painting a different “picture of demand” than what tech bears conceived.  What Happened: Ives said on...

U.S. markets surged on Thursday led by upbeat earnings posted by Meta Platforms Inc (NASDAQ: META). Part of the rally could also be attributed to lower bond yields. The Nasdaq Composite Index closed 3.25% lower while the S&P 500 ended Thursday’s session 1.47% higher. The Dow Jones closed...

Apple Inc. (NASDAQ: AAPL) joins a couple of its other big tech peers, including Amazon Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), in releasing its quarterly report on Thursday, after the market close: What Street Is Bracing For: The December...