Google slashes headcount in Android, Chrome and Pixel teams April 11, 2025 Google has laid off several employees across its platforms and devices division – which oversees Android, Pixel hardware, and the Chrome browser – as part of a continued effort to streamline operations and reduce costs. The layoffs, first reported on Friday by The Information, follows a wave of voluntary exits offered to employees in January. [...]
Google presses ahead with AI spend as Trump calls for – yet charges – more April 10, 2025 Donald Trump is urging American firms to ramp up their technology spending, particularly on AI, despite his latest wave of tariffs injecting new uncertainty into global supply chains. Google owner Alphabet is answering that call, reaffirming plans to spend $75bn this year on AI, brushing aside investor concerns and trade headwinds. The move, announced at [...]
Tesla and Apple lead Mag Seven surge as Trump blinks on tariffs April 10, 2025 The so-called magnificent seven tech stocks added more than $1.8tr in market value on Wednesday after Donald Trump unexpectedly paused a swathe of new tariffs, offering a rare moment of relief in an escalating trade war that had rattled big tech. Shares of Nvidia, Apple, Tesla, Microsoft and others surged between eight and 19 per [...]
Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]
Cracks appear in the AI boom as market reassesses growth prospects March 5, 2025 The optimism surrounding AI is facing scrutiny as investors and industry leaders reassess the long term profitability of AI-related infrastructure. Recent stock market trends suggest a shift away from the AI sector, with semiconductor and cloud computing stocks among the worst performers in 2025 so far, according to AJ Bell. AI hype faces a reality [...]
Musk and Google warn UK on tech exodus over safety rules February 17, 2025 Tech giants Google and Elon Musk’s X have warned that Britain’s new online safety laws could force global companies to reconsider their UK presence due to high compliance costs and regulatory overreach. The Online Safety Act, which was passed under Rishi Sunak’s government, imposed strict rules requiring major platforms to introduce age verification and stop [...]
Amazon, Microsoft, Alphabet and Meta: Is big tech overspending on AI? February 7, 2025 Tech titans have projected pouring billions of dollars into artificial intelligence (AI) in 2025, yet Wall Street impatiently awaits returns on their investments. Amazon is leading the charge, having recently committed over $100bn to AI infrastructure this year, surpassing Microsoft, Alphabet and Meta. The four tech behemoths reported a combined $246bn investment in AI in [...]
Amazon shares plunge after tech giant misses earnings February 7, 2025 Amazon missed expectations for its cloud computing arm, raising concerns about the tech leader’s investment in artificial intelligence (AI). On Thursday, the tech behemoth told the market that its cloud division, Amazon Web Services, reported a fourth-quarter revenue of $28.7bn (£23.1bn), slightly below Wall Street forecasts of $28.84bn. The miss disappointed investors, who were already [...]
Google parent firm Alphabet drops pledge on using AI tech for weapons and surveillance February 5, 2025 Google’s parent company Alphabet has removed its commitment to avoiding artificial intelligence (AI) applications for weapons and surveillance from its ethical guidelines. The tech behemoth stressed the importance of collaboration between businesses and democratic governments to develop AI that “protects people, promotes global growth, and supports national security.” The revised guidelines were announced in a [...]
Making it Raine: US bank to earn £10m from Hundred franchise sales February 5, 2025 The Raine Group is on course to bank around £10m in commission from its role in the sale of the eight Hundred franchises. City AM has learned that the New-York based bank will earn fees worth two per cent of the price paid for 49 per cent stakes in the franchises sold by the England [...]