China has invested over $6.1 billion USD in a nationwide project to build computing data centers. This investment is part of the “Eastern Data, Western Computing” project, which was launched in early 2022 to build a ‘digital China.’ According to reports, the project aims to build eight major data center hubs in the western regions…
Klarna To Layoff 2,000
Klarna is a Swedish fintech company founded in 2015 and headquartered in Stockholm, Sweden. It provides online payment solutions for customers and merchants. The company is a “buy now, pay later” service provider. According to reports, Klarna has announced plans to lay off about 2,000 employees as part of a global restructuring in the coming…
Apple To Layoff 100
Apple has announced plans to lay off about 100 employees in its digital services division who are responsible for its Apple Books app and Apple Bookstore, as well as some engineering roles and other services teams. The report further mentions that the layoffs are part of the company’s shift in priorities, like artificial intelligence, as…
Samsung SDI & GM $3.5 billion EV Battery Factory
Samsung SDI and General Motors (GM) have announced plans to invest $3.5 billion USD to build a joint electric vehicle battery factory in Indiana, United States. According to reports, the manufacturing plant is expected to have an annual production capacity of 27 gigawatt hours (GWh) and plans to expand to 36 GWh as mass production…
HP: $50 million Semiconductor Investment In Oregon
HP, Hewlett-Packard, is a multinational technology company founded in 1939 and headquartered in Palo Alto, California. It develops hardware, software, and related services to consumers in government, health, and education sectors. According to reports, HP has been awarded a $50 million USD investment by the United States Department of Commerce to support the expansion and…
AT&T To Pay $950,000 Settlement
AT&T Inc. American Telephone and Telegraph Company, is a multinational conglomerate holding company founded in 1883 and headquartered in Dallas, Texas. It provides telecommunications, media, and technology services. According to reports, AT&T has agreed to pay a $950,000 USD settlement to resolve a Federal Communications Commission (FCC) investigation into a 911 outage that occurred on…
Telegram Founder Arrested In France
Telegram is a cloud-based instant messaging platform founded in 2013 by Pavel Durov. It offers end-to-end chat encryption for users and allows file sharing of up to 2GB. According to reports, the founder and CEO of Telegram, Pavel Durov, was arrested on Saturday, August 24, 2024, in relation to a search warrant targeting alleged violations…
IBM To Layoff Over 1,000 In China
IBM, International Business Machines, the largest industrial research organization in the world, has announced plans to shut down its research and development operations in China, which will affect over 1,000 jobs. According to reports, this restructuring is a result of the company’s struggles with falling demand for its hardware and challenges in growth markets. These…
Uber: $324 Million Fine In Netherlands
Uber, the ride-hailing company, has been fined $324 million USD by the Dutch Data Protection Authority (DPA) in the Netherlands for transferring personal data of European drivers to the United States. According to reports, the investigation was initiated on behalf of complaints from over 170 French Uber drivers. The transfer of personal data to the…
Volvo: $700 Million Truck Factory In Mexico
Volvo is a Swedish multinational company that produces luxury vehicles, buses, heavy trucks, as well as boat engines. It was founded in 1927 and is headquartered in Gothenburg, Sweden. According to reports, Volvo has announced plans to build a $700 million USD truck factory in Monterrey, Mexico. The factory will be used to produce heavy-duty…