In tech earnings, Microsoft and Meta beat forecasts, but both raised concerns over hefty Ai investments. Microsoft plans to spend $80 billion this year, while meta warned costs could impact ad revenue. Meanwhile, Samsung saw profit growth but struggles in the Ai market.

AI Investments Raise Red Flags for Investors

Technology is transforming our work and collaboration. Now, it’s enabling organisations to create digital versions of their employees. Watch the story to know how it works.

Firm Creates AI Avatar of Employee To Enhance Client Service

Run a Google search for smart TVs and you will be served with hundreds of options to choose from. In other words, the smart television market has become highly competitive. One such contender in this crowded space is the Coocaa 65Y73 Pro. The television claims to offer a good mix of performance, features, and value, but does it deliver what it promises? Let's find out.

I have observed that the packaging boxes for TVs are not very exciting and the one that contains the Coocaa 65Y73 Pro is no exception. I think that companies should make a conscious effort to make these boxes look a bit more attractive.&nbsp;

Open the box and you get a 65-inch QLED TV (Coocaa 65Y73 Pro), power cord, remote, batteries, base stand with screws, quick start guide, and a warranty card. One thing that is missing is a wall mount. So, if you want to mount the TV on a wall, you will have to buy it separately. I think the company should have included it in the box because not everyone wants to put the TV on a table.

Also Read:&nbsp;<a href="https://www.wionews.com/trending/woman-loses-hearing-ability-permanently-after-samsung-galaxy-buds-explode-inside-her-ear-761959">Woman loses hearing ability permanently after Samsung Galaxy Buds FE explode inside her ear</a>

The Coocaa 65Y73 Pro&nbsp;looks appealing. Thanks to its slim profile and modern looks, the all-black TV can complement any home decor. The remote that comes bundled with it has buttons neatly spaced out. The controls are intuitive and responsive. Its far-field voice control feature allows users to control the TV with their voice seamlessly, adding to the ease of use.&nbsp;

Talking about its display, the 65-inch TV with Ultra HD resolution delivers great brightness, deep blacks, and accurate colours. Thanks to its Matte Screen Display, you can get rid of reflections and unnecessary shadows to a great extent and enjoy your favourite shows and movies. The HDR10+ technology and Dolby Vision support further add to the visual quality. Having said that, I believe the HDR performance can be improved. Its processor uses AI to dynamically adjust backlight levels, eliminating flicker for a comfortable viewing experience.

Watch:&nbsp;Sony Launches New Bravia Televisions In India

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/sony-launches-new-bravia-televisions-in-india-764733/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The audio experience is as good as the viewing experience. The 40W built-in speakers compatible with Dolby Atoms generate an immersive sound experience. The sound quality is loud and clear. Users can choose from different sound modes - Standard, Vivid, Sports, Movie, and Music - for better results.

Powered by Google TV, the Coocaa 65Y73 Pro&nbsp;offers users access to various streaming apps and other smart features. While the overall performance is good, I experienced a bit of lag on certain occasions. I hope these random bugs causing the system to misbehave are fixed in software updates.

Priced at INR 45,999, the Coocaa 65Y73 Pro offers value for money. If you are planning to buy a 65-inch smart TV at a competitive price, you should check it out.

Run a Google search for smart TVs and you will be served with hundreds of options to choose from. In other words, the smart television market has become highly competitive.

Run a Google search for smart TVs and you will be served with hundreds of options to choose from. In other words, the smart television market has become highly competitive. One such contender in this crowded space is the Coocaa 65Y73 Pro. The television claims to offer a good mix of performance, features, and value, but does it deliver what it promises? Let's find out. I have observed that the packaging boxes for TVs are not very exciting and the one that contains the Coocaa 65Y73 Pro is no exception. I think that companies should make a conscious effort to make these boxes look a bit more attractive. Open the box and you get a 65-inch QLED TV (Coocaa 65Y73 Pro), power cord, remote, batteries, base stand with screws, quick start guide, and a warranty card. One thing that is missing is a wall mount. So, if you want to mount the TV on a wall, you will have to buy it separately. I think the company should have included it in the box because not everyone wants to put the TV on a table. Also Read: Woman loses hearing ability permanently after Samsung Galaxy Buds FE explode inside her ear The Coocaa 65Y73 Pro looks appealing. Thanks to its slim profile and modern looks, the all-black TV can complement any home decor. The remote that comes bundled with it has buttons neatly spaced out. The controls are intuitive and responsive. Its far-field voice control feature allows users to control the TV with their voice seamlessly, adding to the ease of use. Talking about its display, the 65-inch TV with Ultra HD resolution delivers great brightness, deep blacks, and accurate colours. Thanks to its Matte Screen Display, you can get rid of reflections and unnecessary shadows to a great extent and enjoy your favourite shows and movies. The HDR10+ technology and Dolby Vision support further add to the visual quality. Having said that, I believe the HDR performance can be improved. Its processor uses AI to dynamically adjust backlight levels, eliminating flicker for a comfortable viewing experience. Watch: Sony Launches New Bravia Televisions In India The audio experience is as good as the viewing experience. The 40W built-in speakers compatible with Dolby Atoms generate an immersive sound experience. The sound quality is loud and clear. Users can choose from different sound modes - Standard, Vivid, Sports, Movie, and Music - for better results. Powered by Google TV, the Coocaa 65Y73 Pro offers users access to various streaming apps and other smart features. While the overall performance is good, I experienced a bit of lag on certain occasions. I hope these random bugs causing the system to misbehave are fixed in software updates. Priced at INR 45,999, the Coocaa 65Y73 Pro offers value for money. If you are planning to buy a 65-inch smart TV at a competitive price, you should check it out.

Coocaa 65Y73 Pro review: Should you buy this smart TV?

On Tech It Out, we repeatedly alert you to the dangers of online scams that can steal your personal information. In this story, we discuss a new AI-powered scam targeting Gmail accounts.

Watch Out For New AI Scam Fooling Gmail Users

Round-up of top and latest news from the world of technology: - US Prosecutors Intensify Action Against AI-Generated Child Abuse Images - Company Hacked After Hiring North Korean Cybercriminal As IT Worker - UK Media regulator To Publish Online Safety Demands For Social Media Platforms

US Prosecutors Intensify Action Against AI-Generated Child Abuse Images

Tensions are escalating in the United Kingdom between banks and tech companies over who should be responsible for compensating victims of online fraud. Watch for more details.

Banks and Tech Clash in UK Over Fraud Costs

Round-up of top and latest news from the world of technology: - Turkey blocks instant messaging platform discord - Madrid to ban rented e-scooters starting Oct 25 - Star Health Data Leak: Hacker selling leaked customer data for $150k

Turkey Blocks Instant Messaging Platform Discord

Top Tech Executives from Google, Microsoft and Meta will be testifying next week before the US Senate intelligence committee. The focus of the hearing is on digital security and protecting election Integrity. Watch in for more details!

US Elections 2024: Tech leaders to testify on misinformation on social media

Space has long been a place of wonder, but it's also an environment inherently dangerous to humans. To date, only about 700 humans have made the journey to space successfully. However, according to Chris Impey, a University of Arizona professor and space exploration expert, with the commercialisation of space by companies like SpaceX and Blue Origin, the number of success stories and the risks are set to heighten.

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:102,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1788}">The risks</h2>

Impey, an astronomer, writing for The Conversation, says "I think a lot about the risks and rewards of exploring space."

He says that the overall fatality rate for space travellers is around 3 per cent, a figure "higher than extreme sports such as BASE jumping or jumping off a cliff wearing a wingsuit".

Also read |&nbsp;<a href="https://www.wionews.com/science/26000-year-old-human-animal-footprints-unearthed-in-spain-it-once-was-a-settlement-of-757071">26,000-year-old human, animal footprints unearthed in Spain. It once was a settlement of...</a>

"In total, 30 astronauts and cosmonauts have died while training for or during space missions," and there have been "dozens of close calls".

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:332,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:2018}">What are the risks of SpaceX's Polaris Dawn Mission?</h2>

SpaceX's Polaris Dawn Mission, originally scheduled to launch on Aug 27 2024 but delayed due to a helium leak and bad weather will take its four-person crew including civilians to an altitude of 435 miles (a little over&nbsp;700 kilometres)—higher than any astronauts since Apollo.

The crew will be exposed to high levels of radiation, "getting as much in a few hours as they would in 20 years on the Earth".&nbsp;

Also read |&nbsp;<a bis_size="{&quot;x&quot;:88,&quot;y&quot;:494,&quot;w&quot;:583,&quot;h&quot;:16,&quot;abs_x&quot;:121,&quot;abs_y&quot;:2180}" href="https://www.wionews.com/science/eerie-mysterious-hole-gets-spotted-on-earth-through-google-maps-its-secret-is-757038">Eerie 'mysterious hole' gets spotted on Earth through Google Maps, its secret is...</a>

The mission also plans a spacewalk, the "first for nongovernment astronauts"—potentially the most dangerous part—using spacesuits not tested in space, in a capsule without an airlock. The risks are significant: a small tear or puncture in the spacesuit could be fatal.&nbsp;

Despite the challenges, the mission also offers the opportunity to gather valuable data on the effects of space travel and radiation exposure, as it will travel higher than any other previous mission.

(With inputs from agencies)

Space has long been a place of wonder, but it's also an environment inherently dangerous to humans. To date, only about 700 humans have made the journey to space successfully.

Space has long been a place of wonder, but it's also an environment inherently dangerous to humans. To date, only about 700 humans have made the journey to space successfully. However, according to Chris Impey, a University of Arizona professor and space exploration expert, with the commercialisation of space by companies like SpaceX and Blue Origin, the number of success stories and the risks are set to heighten. The risks Impey, an astronomer, writing for The Conversation, says "I think a lot about the risks and rewards of exploring space." He says that the overall fatality rate for space travellers is around 3 per cent, a figure "higher than extreme sports such as BASE jumping or jumping off a cliff wearing a wingsuit". Also read | 26,000-year-old human, animal footprints unearthed in Spain. It once was a settlement of... "In total, 30 astronauts and cosmonauts have died while training for or during space missions," and there have been "dozens of close calls". What are the risks of SpaceX's Polaris Dawn Mission? SpaceX's Polaris Dawn Mission, originally scheduled to launch on Aug 27 2024 but delayed due to a helium leak and bad weather will take its four-person crew including civilians to an altitude of 435 miles (a little over 700 kilometres)—higher than any astronauts since Apollo. The crew will be exposed to high levels of radiation, "getting as much in a few hours as they would in 20 years on the Earth". Also read | Eerie 'mysterious hole' gets spotted on Earth through Google Maps, its secret is... The mission also plans a spacewalk, the "first for nongovernment astronauts"—potentially the most dangerous part—using spacesuits not tested in space, in a capsule without an airlock. The risks are significant: a small tear or puncture in the spacesuit could be fatal. Despite the challenges, the mission also offers the opportunity to gather valuable data on the effects of space travel and radiation exposure, as it will travel higher than any other previous mission. (With inputs from agencies)

SpaceX's Polaris Dawn Mission involves 'unprecedented' dangers, expert warns

Billionaire Mark Cuban&nbsp;told&nbsp;Elon Musk to "delete" his own&nbsp;X account after the social media platform owner&nbsp;endorsed&nbsp;a&nbsp;controversial interview by former Fox News host Tucker Carlson.&nbsp;

The X owner, promoting the interview, featuring&nbsp;Carlson and Darryl Cooper, host of the MartyrMade podcast said, “Very interesting. Worth watching.”

In the interview, the duo discussed&nbsp;historically sensitive topics, including World War II and Winston Churchill. The clip gained significant attention after Musk shared it.&nbsp;

During the interview, Carlson introduced Cooper as “the best and most honest popular historian in the United States.”

The former Fox News host even highlighted&nbsp;Cooper’s latest project and described it as an exploration of “the most forbidden of all: trying to understand World War Two.”

Carlson and Cooper&nbsp;discussed the complexities of the Israel-Palestine conflict and spoke about&nbsp;contemporary world issues, including immigration in Europe, the civil rights movement, and the Black Lives Matter movement.

Cuban, an entrepreneur and the co-founder of the Dallas Mavericks, did not hold back&nbsp;in expressing&nbsp;his disapproval of Musk’s endorsement. He shared the post which read, “Delete your account,” directed at the X owner.&nbsp;

The feud&nbsp;between Cuban and Musk is not new.&nbsp;

<h2>Ongoing feud between Cuban and Musk</h2>

Earlier, Cuban accused Musk of manipulating the public platform algorithm to generate favourable outcomes.&nbsp;

Dallas Mavericks co-founder even questioned the free speech agenda: “I know everyone thinks this platform is a bastion of free speech. I see the opposite”.

“It’s only as free as Elon wants it to be. He can intimidate. He can alter the algorithm. He can suspend anyone he wants at any time. He is the ultimate arbiter of everything on here.”

“And the biggest power play is him making everyone think their speech is free speech until he decides it isn’t, and there is nothing any of us can do about it,” Cuban&nbsp;further added.

In response to the allegation, Musk said "Unlike the other platforms, our algorithm is open source! And if you interact and argue with 'right wing' accounts, which Cuban does a lot, the algorithm will assume that's what you want to do and give you more of it lmao."

(With inputs from agencies)

Billionaire Mark Cuban told Elon Musk to "delete" his own X account after the social media platform owner endorsed a controversial interview by former Fox News host Tucker Carlson.

Billionaire Mark Cuban told Elon Musk to "delete" his own X account after the social media platform owner endorsed a controversial interview by former Fox News host Tucker Carlson. The X owner, promoting the interview, featuring Carlson and Darryl Cooper, host of the MartyrMade podcast said, “Very interesting. Worth watching.” In the interview, the duo discussed historically sensitive topics, including World War II and Winston Churchill. The clip gained significant attention after Musk shared it. During the interview, Carlson introduced Cooper as “the best and most honest popular historian in the United States.” The former Fox News host even highlighted Cooper’s latest project and described it as an exploration of “the most forbidden of all: trying to understand World War Two.” Carlson and Cooper discussed the complexities of the Israel-Palestine conflict and spoke about contemporary world issues, including immigration in Europe, the civil rights movement, and the Black Lives Matter movement. Cuban, an entrepreneur and the co-founder of the Dallas Mavericks, did not hold back in expressing his disapproval of Musk’s endorsement. He shared the post which read, “Delete your account,” directed at the X owner. The feud between Cuban and Musk is not new. Ongoing feud between Cuban and Musk Earlier, Cuban accused Musk of manipulating the public platform algorithm to generate favourable outcomes. Dallas Mavericks co-founder even questioned the free speech agenda: “I know everyone thinks this platform is a bastion of free speech. I see the opposite”. “It’s only as free as Elon wants it to be. He can intimidate. He can alter the algorithm. He can suspend anyone he wants at any time. He is the ultimate arbiter of everything on here.” “And the biggest power play is him making everyone think their speech is free speech until he decides it isn’t, and there is nothing any of us can do about it,” Cuban further added. In response to the allegation, Musk said "Unlike the other platforms, our algorithm is open source! And if you interact and argue with 'right wing' accounts, which Cuban does a lot, the algorithm will assume that's what you want to do and give you more of it lmao." (With inputs from agencies)

'Delete your account': Mark Cuban tells Elon Musk on X. Here's what happened

A global outage in Microsoft's Windows operating system caused massive disruption in airlines, financial firms, banks, media, infrastructure, and other industries in July. CloudStrike, a cyber security company, was widely blamed, as a software update from this company had gone wrong, apparently leading to the outage.

Now, the company has been given an award for 'epic fail' this past weekend. The president of CloudStrike was in attendance to receive the Pwnie Award, which is given out annually to celebrate and mock achievements&nbsp;and failures in the security industry.

Michael Sentonas took home a Pwnie for Most Epic Fail at Def Con, the hacking community event in Las Vegas, Nevada.

The Pwnies are a well-organised award, and come at the end of a nomination process. But the organisers said the award this year for CrowdStrike was a last-minute switch, "because… how could CrowdStrike not win?,"&nbsp;TechCrunch said in a report.

While he said this was definitely not the award to be proud of receiving, Sentonas was still cool about it.

In his 'acceptance speech', Sentonas said he would take the award back to CrowdStrike headquarters in Austin, Texas, and display it in a prominent place to remind that “our goal is to protect people, and we got this wrong, and I want to make sure everybody understands these things can’t happen.”&nbsp;

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CrowdStrike accepting the <a href="https://twitter.com/PwnieAwards?ref_src=twsrc%5Etfw">@PwnieAwards</a> for “most epic fail” at <a href="https://twitter.com/defcon?ref_src=twsrc%5Etfw">@defcon</a>. Class act. <a href="https://t.co/e7IgYosHAE">pic.twitter.com/e7IgYosHAE</a>
— Dominic White 👾 (@singe) <a href="https://twitter.com/singe/status/1822324795645575263?ref_src=twsrc%5Etfw">August 10, 2024</a></blockquote>
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&nbsp;

“I think the team was surprised when I said straightaway that I would get it...Because we got this horribly wrong, we’ve said this a number of different times, and it’s super important to own it when you do things well, it’s super important to own it when you do things horribly wrong,” he said.

<h2>What is CrowdStrike and how did it cripple global internet?</h2>

The irony is that CrowdStrike is a firm specialising in cyberattack response, threat intelligence and endpoint&nbsp;security.

The faulty update it issued on 19 July caused a worldwide outage that hit air travel, banking, broadcasting, and even power plants and transport services. It led to so-called 'blue screen of death' errors across displays using Windows operating system of Microsoft. It took a couple of days for Microsoft to fix the issue.&nbsp;

An estimated 8.5 million computer systems running on the Windows operating system crashed or went into freeze mode, with the business cost of the outage thought to be at least $10 billion.

(With inputs from agencies)

A global outage in Microsoft's Windows operating system caused massive disruption in airlines, financial firms, banks, media, infrastructure, and other industries in July.

A global outage in Microsoft's Windows operating system caused massive disruption in airlines, financial firms, banks, media, infrastructure, and other industries in July. CloudStrike, a cyber security company, was widely blamed, as a software update from this company had gone wrong, apparently leading to the outage. Now, the company has been given an award for 'epic fail' this past weekend. The president of CloudStrike was in attendance to receive the Pwnie Award, which is given out annually to celebrate and mock achievements and failures in the security industry. Michael Sentonas took home a Pwnie for Most Epic Fail at Def Con, the hacking community event in Las Vegas, Nevada. The Pwnies are a well-organised award, and come at the end of a nomination process. But the organisers said the award this year for CrowdStrike was a last-minute switch, "because… how could CrowdStrike not win?," TechCrunch said in a report. While he said this was definitely not the award to be proud of receiving, Sentonas was still cool about it. In his 'acceptance speech', Sentonas said he would take the award back to CrowdStrike headquarters in Austin, Texas, and display it in a prominent place to remind that “our goal is to protect people, and we got this wrong, and I want to make sure everybody understands these things can’t happen.” CrowdStrike accepting the @PwnieAwards for “most epic fail” at @defcon. Class act. pic.twitter.com/e7IgYosHAE — Dominic White 👾 (@singe) August 10, 2024 × “I think the team was surprised when I said straightaway that I would get it...Because we got this horribly wrong, we’ve said this a number of different times, and it’s super important to own it when you do things well, it’s super important to own it when you do things horribly wrong,” he said. What is CrowdStrike and how did it cripple global internet? The irony is that CrowdStrike is a firm specialising in cyberattack response, threat intelligence and endpoint security. The faulty update it issued on 19 July caused a worldwide outage that hit air travel, banking, broadcasting, and even power plants and transport services. It led to so-called 'blue screen of death' errors across displays using Windows operating system of Microsoft. It took a couple of days for Microsoft to fix the issue. An estimated 8.5 million computer systems running on the Windows operating system crashed or went into freeze mode, with the business cost of the outage thought to be at least $10 billion. (With inputs from agencies)

CrowdStrike, company behind Microsoft global outage, accepts award for ‘epic fail’ - Watch

This week, we help you understand the 'digital arrest' scam, discuss the benefits of a password manager, and explore the latest in the field of robotics. Watch the full show for more details.

'Digital arrest' scam, password managers, and more

The tech sector faced a severe wave of job cuts in July, with over 8,000 professionals laid off across 34 companies. This brings the total number of layoffs for the year to over 124,000 from 384 companies worldwide.

Tech layoffs exceed 124,000 in 2024 as industry struggles

The technology industry continued to face significant upheaval in July 2024, with over 8,000 professionals losing their jobs across 34 companies. This surge brings the total number of layoffs for the year to a staggering 124,517 employees from 384 companies worldwide. Watch in for more details!

Tech sector layoffs in 2024: Tech layoffs exceed 124,000 in 2024 as industry struggles

Aircraft manufacturers are set to transform daily travel for passengers by introducing efficient, rapid, and eco-friendly flights within urban areas. Watch the story for more details about this development.

Electric aviation: future of domestic travel

Experts in child safety claim Apple is not doing enough to check for pictures and videos of child sexual abuse on its platforms. This raises worries about how Apple will manage more of this harmful content as artificial intelligence grows.

UK experts claim Apple failing to monitor child abuse material on its platform

Wall Street's main indexes plummeted Friday on heavy selling of technology shares and mixed earnings.

The losses were compounded by a far-reaching cyber outage that hit shares of cybersecurity company CrowdStrike hard, off 11.2 per cent to the lowest in more than two months.

The CrowdStrike outage affected its product update for Microsoft's Windows Operating System, paralysing activities across several industries.

Major US airlines were ordering ground stops due to communication problems, while both the Euronext exchange and London Stock Exchange Group's Workspace news and data platform were hit by issues.

The LSEG later said its data and services were back online, but the initial disruptions had already dented investor sentiment.

Microsoft also slid 0.7 per cent, to over a one-month low, and extended its losses for a fourth consecutive day.

Microsoft's stock drop contributed to an overall rout in tech stocks. "Any hint of bad news because they're so priced to perfection is going to hurt these stocks," said Phil Blancato, CEO of Ladenburg Thalmann Asset Management.

Even so, Blancato cites CrowdStrike and Microsoft as two great long-term investment opportunities.

The latest turmoil comes after Wall Street experienced two bruising sessions, as investors grappled with second-quarter earnings reports and turned averse to the mega-caps that had broadly led the equity rally in 2024.

Big technology stocks moved in both directions, with Nvidia and Amazon.com down 1 per cent and 0.5 per cent, respectively, and Apple and Alphabet up 1 per cent apiece.

Chip stocks were another mixed bag, with U.S.-listed shares of Taiwan Semiconductor Manufacturing down nearly 1.5 per cent, and Arm Holdings rose 3 per cent. The Nasdaq Composite has dropped 3.5 per cent over the past two sessions, while the S&amp;P 500 has lost 2.1 per cent, putting the indexes on pace for weekly losses.

The VIX, Wall Street's so-called "fear gauge," hit its highest level since early May, reflecting investor unease.

Investors now turn to comments from Federal Reserve officials John Williams and Raphael Bostic for possible clues regarding future monetary policy. Markets are pricing in a 25-basis-point interest rate cut by September and two cuts by year-end.

The Dow Jones Industrial Average slid 179.14 points, or 0.44 per cent, to 40,485.88; the S&amp;P 500 dropped 2.69 points, or 0.05 per cent, to 5,541.90; and the Nasdaq Composite slipped 18.08 points, or 0.10 per cent, to 17,853.15 at 9:48 a.m. ET.

In contrast, other cybersecurity shares rose, with Palo Alto Networks 1.5 per cent higher and SentinelOne jumping 6.4 per cent. Eli Lilly jumped 2.6 per cent on news that China approved its weight-loss drug tripeptide.

Intuitive Surgical surged 8 per cent after reporting second-quarter earnings well above expectations. Those updates helped the S&amp;P 500 healthcare index lead sectoral gainers.

On the other hand, Netflix fell 1 per cent in choppy trading following the streaming service's forecast of third-quarter subscriber additions below expectations and lower than a year earlier.

Oilfield services provider SLB rose 1.3 per cent following strong second-quarter profits.

Based on the most recent reports, S&amp;P 500 corporations have posted an earnings beat rate of 85 per cent and an overall growth rate of 11.1 per cent.

However, market breadth was still soft. Declining issues outnumbered advancers during trading on both the NYSE and the Nasdaq.

(With inputs from Reuters)

Wall Street's main indexes plummeted Friday on heavy selling of technology shares and mixed earnings. The losses were compounded by a far-reaching cyber outage that hit shares of cybersecurity company CrowdStrike hard, off 11.

Wall Street's main indexes plummeted Friday on heavy selling of technology shares and mixed earnings. The losses were compounded by a far-reaching cyber outage that hit shares of cybersecurity company CrowdStrike hard, off 11.2 per cent to the lowest in more than two months. The CrowdStrike outage affected its product update for Microsoft's Windows Operating System, paralysing activities across several industries. Major US airlines were ordering ground stops due to communication problems, while both the Euronext exchange and London Stock Exchange Group's Workspace news and data platform were hit by issues. The LSEG later said its data and services were back online, but the initial disruptions had already dented investor sentiment. Microsoft also slid 0.7 per cent, to over a one-month low, and extended its losses for a fourth consecutive day. Microsoft's stock drop contributed to an overall rout in tech stocks. "Any hint of bad news because they're so priced to perfection is going to hurt these stocks," said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. Even so, Blancato cites CrowdStrike and Microsoft as two great long-term investment opportunities. The latest turmoil comes after Wall Street experienced two bruising sessions, as investors grappled with second-quarter earnings reports and turned averse to the mega-caps that had broadly led the equity rally in 2024. Big technology stocks moved in both directions, with Nvidia and Amazon.com down 1 per cent and 0.5 per cent, respectively, and Apple and Alphabet up 1 per cent apiece. Chip stocks were another mixed bag, with U.S.-listed shares of Taiwan Semiconductor Manufacturing down nearly 1.5 per cent, and Arm Holdings rose 3 per cent. The Nasdaq Composite has dropped 3.5 per cent over the past two sessions, while the S&P 500 has lost 2.1 per cent, putting the indexes on pace for weekly losses. The VIX, Wall Street's so-called "fear gauge," hit its highest level since early May, reflecting investor unease. Investors now turn to comments from Federal Reserve officials John Williams and Raphael Bostic for possible clues regarding future monetary policy. Markets are pricing in a 25-basis-point interest rate cut by September and two cuts by year-end. The Dow Jones Industrial Average slid 179.14 points, or 0.44 per cent, to 40,485.88; the S&P 500 dropped 2.69 points, or 0.05 per cent, to 5,541.90; and the Nasdaq Composite slipped 18.08 points, or 0.10 per cent, to 17,853.15 at 9:48 a.m. ET. In contrast, other cybersecurity shares rose, with Palo Alto Networks 1.5 per cent higher and SentinelOne jumping 6.4 per cent. Eli Lilly jumped 2.6 per cent on news that China approved its weight-loss drug tripeptide. Intuitive Surgical surged 8 per cent after reporting second-quarter earnings well above expectations. Those updates helped the S&P 500 healthcare index lead sectoral gainers. On the other hand, Netflix fell 1 per cent in choppy trading following the streaming service's forecast of third-quarter subscriber additions below expectations and lower than a year earlier. Oilfield services provider SLB rose 1.3 per cent following strong second-quarter profits. Based on the most recent reports, S&P 500 corporations have posted an earnings beat rate of 85 per cent and an overall growth rate of 11.1 per cent. However, market breadth was still soft. Declining issues outnumbered advancers during trading on both the NYSE and the Nasdaq. (With inputs from Reuters)

Tech sell-off deepens as cybersecurity outage hits Wall Street

Let's get you a flavor what's happening in the world of technology: - Cambridge researchers use AI for early detection of Alzheimer's disease - US whistleblowers urge Sec investigation into OpenAi's restrictive agreements - Scientists use AI to study ocean health in climate change programme

Cambridge researchers use AI for early detection of Alzheimer's disease

Now, we turn our attention to the wish list of India's tech sector from the budget. An industry group said the country's tech sector is going to need over a million engineers with sophisticated AI and other capabilities in the next two to three years. So, there needs to be a major increase in government funding for education and training in India to meet that demand. Take a look at this report for more.

India Budget: India needs 1 mn high-tech engineers as the economy expands

India's Tech Bellwether TCS is set to kick off earnings on July 11, followed by HCL Tech on July 12, marking the beginning of what promises to be a critical reporting season for the sector. As anticipation builds around their financial performances, all eyes are on how these companies will navigate the current economic landscape and capitalize on burgeoning opportunities in artificial intelligence integration.

Will Indian tech firms join the market rally?

You can easily manage all your online passwords without having to remember them or worry about them being stolen with password managers. Watch this report for more details.

Explained: How password managers work | WION Tech It Out

India is poised to introduce a robust antitrust law akin to the EU'S regulations, raising concerns among major tech firms like Apple, Google, and Meta. The proposed digital competition bill targets systemically significant digital companies with substantial turnovers and user bases, aiming to curb monopolistic practices and ensure fair competition in India's digital market.

India proposes tough rules for big tech players

It won't be wrong to say that Artificial Intelligence is the technology of the future. No country has been untouched by the rising tide of AI across industries. And, India is no exception. Recent data from tech staffing service team lease digital reveals startling facts about India's tryst with AI. The AI adoption rate in India stands at nearly 48%. Watch in for more details!

AI adoption rate at 68% in India's finance sector: Report |

Artificial Intelligence is the technology of the future and no country has been untouched by the rising tide of AI. The AI adoption rate stands at 48% and it is expected to grow...Watch in for more details!

AI adoption rate in India at nearly 48%: Report

The 2024 work trend index annual report reveals three major trends: 1) Employees are increasingly using AI at work 2) AI is increasingly becoming the top skill to possess 3) AI is increasingly aiding workers' creativity and productivity.

75% employees already using AI at work: Report

Open AI which is set to launch a new tool to detect images made by its text to image generator doll E3. The company said that the tool accurately identified doll E3 images 98% of the time in tests. Watch in for more details!

OpenAI launches image detection tool for AI-Generated content concerns

Elon Musk, the world's third-wealthiest individual, has seen his net worth increase by an astonishing $37.3 billion in the last five days, his largest weekly gain since March 2022.

Elon Musk's net worth soars alongside Tesla stock

At least three apps that claimed to be able to use artificial intelligence (AI) to create non-consensual nude photos have been deleted by Apple from its App Store.

Driverless F1 racecars on Abu Dhabi track | Apple takes down nude generating AI

Despite global turmoil, India's economy is showing surprising strength. A recent government review credits strong domestic demand and steady manufacturing for this resilience.

India: Strong domestic demand, steady manufacturing growth

Flying taxis aim to provide a convenient alternative to conventional transportation methods, potentially revolutionising urban mobility. These air taxis could soon be operational in India. Watch this story for more details.

InterGlobe to introduce electric air taxis in India

Elon Musk-owned X is set to expand its reach into the realm of television with the launch of a dedicated TV app. Watch to know more.

Elon Musk's X set to launch new 'X TV' app to challenge YouTube

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