The rand is headed for a fourth weekly loss versus the dollar. The currency’s underperformance is specific to South Africa.
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With Microsoft adding artificial intelligence to its Bing search engine, CEO Satya Nadella sees another opportunity to challenge Google’s dominance.
Alphabet lost US$100-billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video.
Zoom Video Communications will cut about 1 300 jobs as demand for the company’s video conferencing services slows with the waning of the pandemic.
Promoted | Most mid-market employees are restricted by tedious processes and a lack of workplace automation.
Dell Technologies, facing plummeting demand for PCs, will eliminate 6 650 jobs.
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.