Siemens AG, the German multinational technology company has announced plans to buy Altair Engineering for $10.6 billion USD to expand its portfolio in the industrial software market. According to reports, this deal will integrate Altair’s simulation software that predicts how products would work in the real world and will drive innovation in the engineering software…
Visa To Layoff 1,400
Visa, the multinational payment services company, has announced plans to lay off about 1,400 employees and contractors by the end of the year in an effort to streamline its international business. According to reports, the layoffs will also affect merchant sales and global digital partnership roles, including about 1,000 in technology positions, as it evolves…
Google: Project Jarvis The AI Computer Agent
Google has announced plans to roll out Project Jarvis, an autonomous AI agent built into the Chrome browser that can perform various web-related tasks on your behalf. According to reports, Jarvis will be able to automate various web-based tasks, like conducting research, making purchases, and booking travel arrangements. The report further mentions that Project Jarvis…
Alibaba: $433.5 Million Class Action Lawsuit
Alibaba, formally known as Alibaba Group Holding Limited, is a Chinese multinational company founded in 1999. It is one of the largest e-commerce companies in the world, specializing in retail, digital media, entertainment, logistics, and cloud computing services. According to reports, the multinational company has agreed to pay $433.5 million USD to settle a U.S….
LinkedIn To Pay $335 Million Fine
LinkedIn, the social networking platform designed for professionals and businesses, has been fined $335 million USD by the Irish Data Protection Commission for violating Europe’s General Data Protection Regulation. According to reports, the social network failed to obtain consent from users to process their data for its targeted advertising practices, which is a clear violation…
HMC Capital: $1.3 Billion Global Switch Australia Acquisition
HMC Capital is a private investment firm founded in 2010 and headquartered in New York City. It focuses on strategic investments in real estate, private equity, and public markets. According to reports, HMC Capital has announced plans to acquire Global Switch Australia in a deal valued at $1.3 billion USD to tap into the booming…
Nvidia To Launch Indus 2.0 In India
Nvidia, the American multinational technology company, has announced plans to launch a lightweight artificial intelligence (AI) model for India’s widely used Hindi language. According to reports, the company launched Indus 2.0, a custom AI model focused on Hindi and its many dialects, in partnership with Tech Mahindra in an effort to tap into India’s growing…
American Airlines: $50 Million Fine
American Airlines is a major airline in the United States, founded in 1926 and headquartered in Fort Worth, Texas. It is the largest airline in the world when measured by scheduled passengers carried, revenue passenger miles, and daily flights. According to reports, American Airlines has been fined $50 million USD by the United States Department…
Denny’s To Close 150 Restaurants
Denny’s Diner, formally known as Denny’s Corporation, is an American table service diner-style restaurant chain founded in 1954 and headquartered in Spartanburg, South Carolina. It operates over 1,700 restaurants in many countries. According to reports, the company has announced plans to close 150 of its restaurants due to underperformance and unprofitability in certain locations to…
Honda To Recall 61,000 Vehicles In Canada
Honda has issued a recall of 61,000 vehicles in Canada due to concerns about a high-pressure fuel pump that may crack and leak fuel, increasing the risk of a fire. According to reports, affected vehicles include 2023-2025 Accord, CR-V Hybrid, and Honda Civic models. Dealers will inspect and, if found defective, replace the high-pressure fuel…