Technology companies have continued to lay off staff in 2024, despite improving fundamentals. Here's an updated timeline of notable layoffs, and reasons why Big Tech is in turmoil.
In Wednesday's Autumn Statement, the government said it would invest an additional £500 million in the UK’s AI sector and announced a number of tax reforms and educational investments to help boost the country’s tech sector.
Amazon’s Alexa division is set to suffer another round of job cuts as the company plans to discontinue some initiatives in favor of new generative AI projects.
The EU Commission has published a Statement of Objections, outlining the ways in which an Adobe-Figma merger could potentially reduce competition in the global interactive product design software market.
Even though the US government has continued to ratchet up export restrictions on advanced semiconductor manufacturing equipment to China, organizations in the country have increased purchases of the technology.
After the EU named Facebook Messenger and Marketplace, and TikTok gatekeeper platforms under its Digital Markets Act, both parents companies have decided to launch legal challenges against the designation.
In an updated version of its semiconductor market outlook, IDC has forecast that after a period of decline, chip industry revenue will hit $633 billion in 2024 .
Two weeks after the UK government passed the Online Safety Act into law, the regulator responsible for enforcing the legislation has set out its draft guidance for companies that fall under its scope.
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