Dropbox has announced a major restructuring plan, laying off 20 percent of its global workforce, which translates to 528 employees. This marks the second round of significant layoffs in less than two years for the cloud storage giant, as it faces challenges stemming from both internal factors and broader economic trends. Layoffs and Severance Packages for Affected Employees In a…
TikTok Music is set to close its doors, announcing that all user accounts will be deactivated by November 28. This move follows the platform's attempts to leverage TikTok's massive user base into a music streaming service, which ultimately failed to gain traction in a competitive market. Users of TikTok Music will see their accounts and all associated data permanently deleted…
If you’ve been a Cash App user over the past six years, there’s a golden opportunity awaiting you. A proposed $15 million class-action settlement could allow eligible users to claim thousands of dollars following two significant security breaches. However, time is of the essence—claims must be filed by 2 AM ET on November 19. The first breach occurred in December…
Uber is reportedly exploring the acquisition of Expedia, one of the largest travel booking platforms globally. This potential takeover, first reported by the Financial Times, is still in the early stages, with no formal offer yet on the table. However, the implications of such a deal could be profound, marking Uber’s most significant acquisition to date. Valued at approximately $20…
Next week, Apple is set to unveil iOS 18.1, a groundbreaking update that promises to enhance hearing accessibility and introduce innovative features across its devices. The update, reported by reputable sources such as The Wall Street Journal and Tech Crunch, includes hearing aid functionality for the AirPods Pro 2 and introduces Apple Intelligence—a suite of AI-driven tools designed to improve…
Arm Holdings Plc has decided to cancel the architectural license agreement that allowed Qualcomm Inc. to utilize its intellectual property for chip design. This decision comes after Arm issued a 60-day cancellation notice, sparking concerns about the implications for the smartphone and personal computer industries. The architecture license, pivotal for Qualcomm, enables the company to create proprietary chips based on…
The Biden administration is exploring potential restrictions on the sale of advanced artificial intelligence (AI) chips produced by companies such as Nvidia Corp. and Advanced Micro Devices Inc. (AMD). According to sources familiar with the discussions, these proposed measures would establish export licenses on a territorial basis, reflecting national security interests. Focus on Strategic Hubs The plan aims to implement…
Amazon has introduced a range of new tools and features for advertisers, focusing on artificial intelligence (AI), its Demand-Side Platform (DSP), and comprehensive insights, as unveiled at its annual UnBoxed conference. These enhancements reflect Amazon’s effort to maintain its leading role in the retail media sector by helping advertisers streamline campaigns and optimize ad performance across its vast ecosystem. AI-Powered…
BlackRock's assets under management have soared to an unprecedented $11.5 trillion, propelling its shares to a new all-time high. This surge reflects the world’s largest money manager's strong performance amid a rally in global markets, attracting a remarkable influx of new capital from investors. The latest earnings report revealed a 15% increase in revenues, reaching $5.2 billion, which exceeded analysts'…
Tesla CEO Elon Musk took the stage in California on Thursday to unveil his ambitious vision for a future where self-driving cars roam the streets and robots walk among us. Describing this as an “age of abundance,” Musk promised a future filled with excitement, where vehicles have no steering wheels, and parking lots transform into parks. The star of the…
