The Pentagon is spending billions on Big Tech and Silicon Valley startups as it goes all-in on AI

A new report from Brown University’s “Costs of War” project sheds light on a renewed closeness between the Pentagon and Silicon Valley, with the Department of Defense and U.S. intelligence communities ... Read More

Question of pay-off from AI hangs over Big Tech earnings

The uncertain take-up of generative AI stands in stark contrast to the money being poured into the tech infrastructure needed to support it. Nvidia has been the most visible beneficiary: sales of its ... Read More

China’s technology sector faces new round of lay-offs as global firms Ericsson, Tesla, Amazon and Intel continue to shed jobs

Mainland China's tech sector is bracing for a new round of job cuts at multinational tech companies Ericsson, Tesla, Amazon.com and Intel While Chinese Big Tech firms already laid off thousands in ... Read More

Accenture Slumps as Wall Street Pulls Back on IT Spending

Accenture Plc shares tumbled the most in four years after the company ... spending on its software. The technology giant said it now expects revenue for its fiscal 2024 year to climb as much ... Read More

Here's Why This Smart Water Meter Company's Stock Surged 23% This Week

Water treatment and metering company Badger Meter's sales surged in the first quarter as utilities warmed up to smart metering technology. Read More

Restaurant Technology Trends, Tools and Insights for 2024

Tech is helping restaurants to thrive amid tough conditions. Find out what restaurant technology trends are shaping the industry's future. Read More

Optimistic IT channel companies see technology services, business solutions and generative AI on their path to success, new CompTIA report reveals

March 12, 2024 /PRNewswire/ -- Information technology (IT) channel companies are banking on the ... Global technology spending is forecast to grow by 6.8% in 2024, including an 8.7% jump in ... Read More

Top 20 Mid-Cap Tech Companies in the US

In this article, we will list the top 20 mid-cap tech companies in the US ... over five years starting in 2022 when the yearly spending on technology was $8,51 trillion. Although the tech industry ... Read More

Evolv Technology News

The partnership comes in support of recent company growth ... Hersheypark Evolv Technology announced that Hersheypark® is using Evolv’s artificial intelligence (AI)-based, touchless security screening ... Read More

Chinese company buys European flying car technology: report

The prototype cost a reported $2.3 million to develop, but it is unclear how much Hebei Jianxin paid for the technology ... company will be allowed to road/air test the car, the company said in a ... Read More

TSMC's shares slide nearly 7% in Taipei on global chip outlook concerns

TSMC's Taipei-listed shares tumbled 6.7% on Friday following the company's first-quarter earnings report in which it dialled back its expectations for chip sector growth and did not revise up its ... Read More

Schools’ pandemic spending boosted tech companies. Did it help US students?

But nearly all schools spent some money on technology. As districts spend the last of their pandemic aid, there is no consensus on how well the investments paid off. The company Edmentum says ... Read More