Shares in Alphabet sank after a report that OpenAI is developing a web search product to rival Google.
Author: Agency Staff
Google has announced an initiative to provide artificial intelligence tools and investments to bolster online security.
Cisco said it will cut 5% of its global workforce, or more than 4 000 jobs, and lowered its annual revenue target.
The move by Google comes as Microsoft plans to end support for Windows 10 next year.
Bitcoin’s 22% year-to-date gain has helped to lift the market capitalisation of digital assets above $2-trillion.
Nvidia eclipsed Alphabet as the third most valuable US company on Wednesday, just after overtaking Amazon.
Bank of America strategist Michael Hartnett has said the frenzy is beginning to resemble the dot-com bubble.
Sony has slashed the full-year sales forecast for its PlayStation 5 console amid weaker-than-expected holiday sales.
Mozilla, the maker of web browser Firefox, is cutting about 60 jobs as part of a shake-up under a new CEO.
National treasury may have to impose a VAT hike to bring in new revenues, PwC said.