Dell Technologies, facing plummeting demand for PCs, will eliminate 6 650 jobs.
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Apple, Amazon.com and Alphabet posted results on Thursday that show an economic slowdown is throttling demand.
Apple forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal.
Convergence Partners, the technology-focused private equity firm chaired by Andile Ngcaba, has closed a new digital infrastructure fund at $296-million.
Intel has stumbled badly at a time when smaller rival AMD and others are picking up speed. It says it will regain its balance this year.
Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.
Microsoft’s lacklustre quarterly outlook points to more gloom ahead for the tech sector, analysts said.
Microsoft posted results late on Tuesday that showed some strength in the face of a weak economy,
African start-ups more than doubled the amount of debt they raised last year, a surge that may continue as equity funding becomes more expensive.
Microsoft is making a $10-billion investment over several years in OpenAI, the pioneering artificial intelligence research lab behind ChatGPT.