Tag: tech giants

Microsoft Inc has announced its decision to prepare a multi-billion dollar investment in OpenAI, the company that developed the artificial intelligence-powered chatbot, ChatGPT. Through this investment, Microsoft hopes to add OpenAI’s capabilities to its own software capabilities as it looks to gain the edge...

Google parent company Alphabet Inc announced on Friday its decision to lay off 12,000 of its workers following a shift in strategies and priorities. The company is now looking to boost its reliance on Artificial Intelligence (AI) technology. Alphabet shares rose almost 4% in...

Apple is planning to introduce the use of its own custom displays in its mobile devices starting in 2024, Bloomberg News reported on Tuesday. This comes as the tech company looks to expand its in-house production and limit its reliance on outsourcing. With the company...

Samsung Electronics is looking to increase its chip production at the P3 factory in Pyeongtaek, South Korea next year, a South Korean newspaper reported on Sunday. This decision comes despite expectations of an impending economic slowdown. While the broader industry tends to cut chip...

The Sony Group Corp announced on Monday its intention to acquire Savage Game Studios for an undisclosed fee. The decision to purchase the Berlin and Helsinki-based mobile games developer comes as the Japanese tech conglomerate looks to expand its business beyond the console gaming...

Panasonic Holdings Corp is currently in talks to construct a new electric vehicle (EV) battery plant in the United States. Currently, the company is considering the state of Oklahoma for the $4 billion factory's location. In June, Panasonic dismissed Oklahoma in favor of Kansas for...