The earnings momentum that fueled the big six tech stocks – Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia – appears to be losing steam. That’s what the analysts at UBS predict - a significant slowdown in their earnings per share (EPS) growth. This slowdown has prompted UBS to downgrade their recommendation on these stocks from "overweight" to "neutral."

UBS downgrades big 6 tech stocks from 'overweight' to 'neutral'

AI-powered robots can automate routine tasks such as picking, packing, and sorting items, reducing manual labour and increasing speed. Watch to know more.

AI-powered warehouse Robot: Tech revolutionising warehouse logistics

Big tech companies are poised to lead the charge in the upcoming earnings season, potentially revitalising investor confidence following a sluggish start to April.

Big tech to lead S&P 500 with 26.7% earnings growth

If there is one state that comes to our mind when we talk of information technology, it is Karnataka. It comes as no surprise that Karnataka comprises 40% of India's tech exports, far ahead of other states. Along with homegrown firms Infosys and Wipro, many global giants have their India base in Karnataka.

Lok Sabha elections 2024: Why Karnataka matters to India

Big tech companies are poised to lead the charge in the upcoming earning season potentially revitalizing investor confidence following a sluggish start to April.

Tech earnings fuel stock rally

Tech drives S&P 500

The U.S. is reportedly working on tech that could combat 'rogue' killer robots. In light of the recent failures in American tech companies, we ask the question. Can America be trusted to save the world from killer robots?

Gravitas | US Developing Tech to Fight Killer Machines | Can America Save the World?

The tech world is experiencing a seismic shift as giants like Tesla, Apple, and Google grapple with challenges both internal and external. Amid growing scrutiny from governments and investors alike, these once unstoppable forces are now facing headwinds in the stock markets.

‘Magnificent 7’ tech stocks face concentration risk

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry. <o:p></o:p>

With the introduction of the B200 flagship AI chip, Nvidia aims to maintain its 80 per cent market share dominance.<o:p></o:p>

The unveiling marks a pivotal moment for the chip manufacturing giant as it navigates an increasingly competitive landscape.<o:p></o:p>

B200: A leap forward in AI technology<o:p></o:p>

Huang took the centre stage at the conference to reveal Nvidia's newest creation, the B200 chip. Boasting a remarkable 30-fold increase in speed compared to its predecessor, this cutting-edge chip promises to revolutionise AI processing capabilities. <o:p></o:p>

While specific performance metrics remain undisclosed, the B200, codenamed "Blackwell," showcases Nvidia's commitment to pushing the boundaries of innovation in AI technology.<o:p></o:p>

Strategic shifts and market impact<o:p></o:p>

In a bid to diversify its offerings and cater to evolving market demands, Nvidia announced strategic shifts in its product portfolio. <o:p></o:p>

The company transitioned from single-chip sales to comprehensive system solutions, integrating 72 AI chips and 36 central processors into its latest iteration. <o:p></o:p>

Customer endorsements and market reception <o:p></o:p>

Major tech players, including Amazon, Google, Microsoft, OpenAI, and Oracle, expressed their intent to leverage Nvidia's B200 chip in their cloud computing services and AI initiatives. <o:p></o:p>

However, Nvidia's stock experienced a modest dip in extended trading, signalling a cautious market response to the company's announcements. <o:p></o:p>

Despite this, industry experts remain optimistic about Nvidia's competitive edge and market leadership. <o:p></o:p>

Software advancements and collaborative ventures<o:p></o:p>

In addition to hardware innovations, Nvidia unveiled a suite of software tools aimed at enhancing system efficiency and streamlining AI model integration. <o:p></o:p>

These microservices are set to pave the way for seamless adoption of AI across various industries, positioning Nvidia as a pioneer in software-driven solutions. <o:p></o:p>

Furthermore, strategic partnerships with leading design software companies, including Ansys, Cadence, and Synopsys, highlights Nvidia's commitment to fostering collaborative ventures and driving innovation across sectors.<o:p></o:p>

&nbsp;(With inputs from Reuters)<o:p></o:p>

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry.

Nvidia, spearheaded by CEO Jensen Huang, showcased its latest technological marvels at the annual developer conference, reinforcing its stronghold in the artificial intelligence (AI) industry. With the introduction of the B200 flagship AI chip, Nvidia aims to maintain its 80 per cent market share dominance. The unveiling marks a pivotal moment for the chip manufacturing giant as it navigates an increasingly competitive landscape. B200: A leap forward in AI technology Huang took the centre stage at the conference to reveal Nvidia's newest creation, the B200 chip. Boasting a remarkable 30-fold increase in speed compared to its predecessor, this cutting-edge chip promises to revolutionise AI processing capabilities. While specific performance metrics remain undisclosed, the B200, codenamed "Blackwell," showcases Nvidia's commitment to pushing the boundaries of innovation in AI technology. Strategic shifts and market impact In a bid to diversify its offerings and cater to evolving market demands, Nvidia announced strategic shifts in its product portfolio. The company transitioned from single-chip sales to comprehensive system solutions, integrating 72 AI chips and 36 central processors into its latest iteration. Customer endorsements and market reception Major tech players, including Amazon, Google, Microsoft, OpenAI, and Oracle, expressed their intent to leverage Nvidia's B200 chip in their cloud computing services and AI initiatives. However, Nvidia's stock experienced a modest dip in extended trading, signalling a cautious market response to the company's announcements. Despite this, industry experts remain optimistic about Nvidia's competitive edge and market leadership. Software advancements and collaborative ventures In addition to hardware innovations, Nvidia unveiled a suite of software tools aimed at enhancing system efficiency and streamlining AI model integration. These microservices are set to pave the way for seamless adoption of AI across various industries, positioning Nvidia as a pioneer in software-driven solutions. Furthermore, strategic partnerships with leading design software companies, including Ansys, Cadence, and Synopsys, highlights Nvidia's commitment to fostering collaborative ventures and driving innovation across sectors. (With inputs from Reuters)

Nvidia unveils B200 AI chip, fortifying market dominance in the AI industry

Over the weekend, Ethiopia’s biggest commercial bank witnessed a “systems glitch” which allowed customers to withdraw millions. The bank has since released a statement saying that there was no cyber attack and its security has not been compromised as it scrambles to recoup the large sums of money withdrawn.&nbsp;

<h2>What happened?</h2>

On Saturday (Mar 16) morning, customers of the state-owned Commercial Bank of Ethiopia (CBE) discovered that they were able to withdraw more cash than what was in their account.&nbsp;

This, as expected, led to a frenzy. According to reports, most of the money that was withdrawn during the glitch was by university students as news spread quickly via phone calls and text messages.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/business-economy/evergrandes-scandal-chinas-property-giant-accused-of-78-bn-fraud-701699">Evergrande’s Scandal: China's property giant accused of $78 bn fraud</a>

A student in western Ethiopia told the BBC&nbsp;that long lines formed outside campus ATMs and people kept withdrawing money till police officers arrived and stopped them.&nbsp;

The “systems glitch” lasted for hours and more than $100 million was withdrawn or transferred to other banks, according to local media reports.&nbsp;

<h2>Bank responds&nbsp;</h2>

During a press conference, on Monday (Mar 18), CBE president Abe Sano said over 490,000 “unhealthy and illegal” banking transactions were made and processed.&nbsp;

However, he did not confirm the amount of money withdrawn but said that the loss incurred was small compared to the bank’s total assets.&nbsp;

Meanwhile, a&nbsp;report by Fortune citing sources said around 66,000 transactions took place during the glitch and suggested that as much as six billion birr or ($105 million) was withdrawn.

Sano also clarified that the bank’s cyber security has not been compromised and that the customers’ money is safe.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/world/cambridge-university-halts-funding-from-fossil-giants-amid-fears-of-influence-on-research-701731">Cambridge University halts funding from fossil giants amid fears of influence on research</a>

“There have been attempted cyber attacks but the bank’s cyber security was not compromised,” the CBE president told the press in the capital city of Addis Ababa.&nbsp;

According to the CBE president, the glitch occurred while they were working to improve their banking system and the problem was attributed to a “missing code”. They also suspended their service at the time in a bid to prevent additional loss, said Sano.&nbsp;

The CBE president said that an investigation into the transactions is underway and customers who have made “high transactions” have been reported to the authorities. Meanwhile, universities have released statements asking students to return the money which did not belong to them.&nbsp;

The CBE president assured that returning the money would not be charged with a criminal offence.&nbsp;

(With inputs from agencies)

Over the weekend, Ethiopia’s biggest commercial bank witnessed a “systems glitch” which allowed customers to withdraw millions. The bank has since released a statement saying that there was no cyber attack and its security has not been compromised as it scrambles to recoup the large sums of money withdrawn.

Over the weekend, Ethiopia’s biggest commercial bank witnessed a “systems glitch” which allowed customers to withdraw millions. The bank has since released a statement saying that there was no cyber attack and its security has not been compromised as it scrambles to recoup the large sums of money withdrawn. What happened? On Saturday (Mar 16) morning, customers of the state-owned Commercial Bank of Ethiopia (CBE) discovered that they were able to withdraw more cash than what was in their account. This, as expected, led to a frenzy. According to reports, most of the money that was withdrawn during the glitch was by university students as news spread quickly via phone calls and text messages. Also Read | Evergrande’s Scandal: China's property giant accused of $78 bn fraud A student in western Ethiopia told the BBC that long lines formed outside campus ATMs and people kept withdrawing money till police officers arrived and stopped them. The “systems glitch” lasted for hours and more than $100 million was withdrawn or transferred to other banks, according to local media reports. Bank responds During a press conference, on Monday (Mar 18), CBE president Abe Sano said over 490,000 “unhealthy and illegal” banking transactions were made and processed. However, he did not confirm the amount of money withdrawn but said that the loss incurred was small compared to the bank’s total assets. Meanwhile, a report by Fortune citing sources said around 66,000 transactions took place during the glitch and suggested that as much as six billion birr or ($105 million) was withdrawn. Sano also clarified that the bank’s cyber security has not been compromised and that the customers’ money is safe. Also Read | Cambridge University halts funding from fossil giants amid fears of influence on research “There have been attempted cyber attacks but the bank’s cyber security was not compromised,” the CBE president told the press in the capital city of Addis Ababa. According to the CBE president, the glitch occurred while they were working to improve their banking system and the problem was attributed to a “missing code”. They also suspended their service at the time in a bid to prevent additional loss, said Sano. The CBE president said that an investigation into the transactions is underway and customers who have made “high transactions” have been reported to the authorities. Meanwhile, universities have released statements asking students to return the money which did not belong to them. The CBE president assured that returning the money would not be charged with a criminal offence. (With inputs from agencies)

Ethiopia bank glitch allows customers to withdraw millions. Here’s what happened

If you are someone who prefers Airbnb properties over hotels, this story is crucial for you. Watch the story for further details.

Airbnb bans indoor cameras amid privacy concerns

A tablet is usually considered to be a device with a colour screen, a camera, and support for multiple apps. But the ReMarkable 2 is nowhere close to the traditional tablet that you have seen or used. It's a paper tablet, which has been designed with a certain vision. It is touted as a digital alternative to paper and is aimed at a certain category of people.&nbsp;

According to the Norwegian startup, the tablet has been designed to cater to what it calls "knowledge workers". These are people who still depend on paper for their work - be it for writing or sketching. They include business executives, office workers, and creative professionals.

The company believes this tablet can help users focus on their tasks and save them from the distractions of notifications and the desire to use other apps.&nbsp;

The ReMarkable 2 takes a novel approach, but is the product as good as the thought behind it? Let's find out.

<img alt="paper tablet" data-entity-type="file" data-entity-uuid="011e1c1c-5be9-45d4-9063-fa964c433b4b" src="//cdn.wionews.com/sites/default/files/inline-images/succession%20-%202024-03-16T172339.487.jpg" />

<h2>How's the design?</h2>

The first thing you notice about the ReMarkable 2 is its premium build quality. Encased in an aluminium frame, it looks elegant. Its lightweight design and slim profile add to the ergonomics. You can comfortably hold and use it for long periods.&nbsp;

Measuring 4.7 mm thick, the ReMarkable 2 is claimed to be the world's thinnest tablet. All of these factors make it portable. So, you can easily slip it into your bag and comfortably carry it with you.

The front of the tablet is dominated by a 10.3-inch monochrome display which is pleasing to the eyes and gives you enough room to comfortably write, read, and doodle.

I quite like its aesthetics and the minimalist approach that has gone into designing the product.

While I understand the absence of a backlight in the ReMarkable 2, the lack of it requires a mention. I think that no backlight could turn some users off.

<a href="https://www.wionews.com/videos/rise-in-online-gaming-scams-wion-tech-it-out-686837">Watch: Rise in online gaming scams | WION Tech It Out</a>

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&nbsp;

<h2>How's the performance?</h2>

It's easy to set up the paper tablet. As you turn it on, you are asked to follow a few simple steps. This doesn't take long.

As you switch on the tablet, you are treated with a host of features. I must say, the interface is clean and intuitive. You easily get a hang of the tablet and its functionalities as you spend some time with it.

Its USP is the writing feature. There are different templates of pages for you to choose from. There’s everything from ruled pages for handwriting to a weekly schedule for planning your week. Pages can be as long or as short as you like. When you reach the end of a page, you can use a single swipe upward to get more space. You can also pick a pen as per your note-taking needs. The tablet offers a wide range of precise and adjustable writing tools that respond to the tilt and pressure of your hand. Interestingly, the tablet comes with a precise writing tool called the Marker Plus. There is no latency in writing and the strokes are quite fine. Overall, The writing experience is responsive.

While I appreciate the efforts that have gone into offering a paper-like writing experience, I think there is still some scope for improvement. The writing experience could be enhanced to be a bit smoother.

The tablet is loaded with a host of cutting-edge features.

The tablet allows you to convert your handwritten notes into typed text. It does so quite accurately. So, you can easily use your handwritten notes in emails, reports, or presentations by turning them into text. 
&nbsp; 
Arranging notes is as easy as taking notes in this digital notebook. You can organise them using different tags and keep them in separate folders. There are gestures available for you to navigate the notebook. This helps you easily find what you’re looking for.

Among other features, there is a provision to combine handwritten and typed notes. The device can be attached to a keyboard. This comes in handy when you don't want to take notes and instead want to type. Called Type Folio, the slim keyboard enables comfortable and focused typing for users. You can even adjust the position of the Type Folio.

You must know that you can access your documents across devices. Their mobile and desktop apps let you view and organise your notes from your other smart devices.

The tablet is also engineered with palm-rejection technology that allows you to place your palm on the screen while writing or drawing without registering unwanted inputs.

As it's focused on reading and writing, it doesn't disturb you with notifications or calls.

Talking about the battery, it offers around 12 days of battery life on a single charge.&nbsp;

It comes with an option of unlimited cloud storage. You can access it by subscribing to the ReMarkable Connect membership.

The company promises regular software updates, which means you can expect new features and enhancements in the years to come.&nbsp;

<h2>How much does it cost?</h2>

It's priced at Rs 43,999 for the bundle that includes the ReMarkable 2 and Marker Plus. Also, you will have to spend an extra Rs 19,499 if you want to buy the Type Folio.

<h2>Verdict</h2>

The sophisticated tablet aims to help people leverage the benefits of paper in a digital form while avoiding the pitfalls of modern technology. Having said that, this digital notebook is a niche product; it's not for all. Given its high pricing and limited usage, the company may find it difficult to appeal to a large number of people. We wish it was priced a little lower to attract potential customers.

A tablet is usually considered to be a device with a colour screen, a camera, and support for multiple apps. But the ReMarkable 2 is nowhere close to the traditional tablet that you have seen or used.

A tablet is usually considered to be a device with a colour screen, a camera, and support for multiple apps. But the ReMarkable 2 is nowhere close to the traditional tablet that you have seen or used. It's a paper tablet, which has been designed with a certain vision. It is touted as a digital alternative to paper and is aimed at a certain category of people. According to the Norwegian startup, the tablet has been designed to cater to what it calls "knowledge workers". These are people who still depend on paper for their work - be it for writing or sketching. They include business executives, office workers, and creative professionals. The company believes this tablet can help users focus on their tasks and save them from the distractions of notifications and the desire to use other apps. The ReMarkable 2 takes a novel approach, but is the product as good as the thought behind it? Let's find out. How's the design? The first thing you notice about the ReMarkable 2 is its premium build quality. Encased in an aluminium frame, it looks elegant. Its lightweight design and slim profile add to the ergonomics. You can comfortably hold and use it for long periods. Measuring 4.7 mm thick, the ReMarkable 2 is claimed to be the world's thinnest tablet. All of these factors make it portable. So, you can easily slip it into your bag and comfortably carry it with you. The front of the tablet is dominated by a 10.3-inch monochrome display which is pleasing to the eyes and gives you enough room to comfortably write, read, and doodle. I quite like its aesthetics and the minimalist approach that has gone into designing the product. While I understand the absence of a backlight in the ReMarkable 2, the lack of it requires a mention. I think that no backlight could turn some users off. Watch: Rise in online gaming scams | WION Tech It Out × How's the performance? It's easy to set up the paper tablet. As you turn it on, you are asked to follow a few simple steps. This doesn't take long. As you switch on the tablet, you are treated with a host of features. I must say, the interface is clean and intuitive. You easily get a hang of the tablet and its functionalities as you spend some time with it. Its USP is the writing feature. There are different templates of pages for you to choose from. There’s everything from ruled pages for handwriting to a weekly schedule for planning your week. Pages can be as long or as short as you like. When you reach the end of a page, you can use a single swipe upward to get more space. You can also pick a pen as per your note-taking needs. The tablet offers a wide range of precise and adjustable writing tools that respond to the tilt and pressure of your hand. Interestingly, the tablet comes with a precise writing tool called the Marker Plus. There is no latency in writing and the strokes are quite fine. Overall, The writing experience is responsive. While I appreciate the efforts that have gone into offering a paper-like writing experience, I think there is still some scope for improvement. The writing experience could be enhanced to be a bit smoother. The tablet is loaded with a host of cutting-edge features. The tablet allows you to convert your handwritten notes into typed text. It does so quite accurately. So, you can easily use your handwritten notes in emails, reports, or presentations by turning them into text. Arranging notes is as easy as taking notes in this digital notebook. You can organise them using different tags and keep them in separate folders. There are gestures available for you to navigate the notebook. This helps you easily find what you’re looking for. Among other features, there is a provision to combine handwritten and typed notes. The device can be attached to a keyboard. This comes in handy when you don't want to take notes and instead want to type. Called Type Folio, the slim keyboard enables comfortable and focused typing for users. You can even adjust the position of the Type Folio. You must know that you can access your documents across devices. Their mobile and desktop apps let you view and organise your notes from your other smart devices. The tablet is also engineered with palm-rejection technology that allows you to place your palm on the screen while writing or drawing without registering unwanted inputs. As it's focused on reading and writing, it doesn't disturb you with notifications or calls. Talking about the battery, it offers around 12 days of battery life on a single charge. It comes with an option of unlimited cloud storage. You can access it by subscribing to the ReMarkable Connect membership. The company promises regular software updates, which means you can expect new features and enhancements in the years to come. How much does it cost? It's priced at Rs 43,999 for the bundle that includes the ReMarkable 2 and Marker Plus. Also, you will have to spend an extra Rs 19,499 if you want to buy the Type Folio. Verdict The sophisticated tablet aims to help people leverage the benefits of paper in a digital form while avoiding the pitfalls of modern technology. Having said that, this digital notebook is a niche product; it's not for all. Given its high pricing and limited usage, the company may find it difficult to appeal to a large number of people. We wish it was priced a little lower to attract potential customers.

ReMarkable 2 review: How is the paper tablet?

Foxconn, a prominent supplier to tech giant Apple, witnessed a remarkable surge in its stock price, jumping as much as 9.5 per cent to its highest level in three years. <o:p></o:p>

This surge followed the company's announcement of fourth-quarter profits that surpassed market expectations, coupled with an optimistic outlook for the year ahead driven by robust demand for AI servers. <o:p></o:p>

Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported a 33 per cent increase in net profit for the fourth quarter, indicating a strong performance amidst evolving market dynamics. <o:p></o:p>

Furthermore, the company expressed confidence in achieving substantial revenue growth in the upcoming year.<o:p></o:p>

The bullish sentiment surrounding Foxconn's outlook was echoed by analysts, who highlighted the company's positioning as a major beneficiary of Nvidia's next-generation AI server products. <o:p></o:p>

In a note issued post-earnings briefing, analysts at Daiwa Capital Markets underscored Foxconn's increasing AI server assemblies and racks orders, signifying its pivotal role in meeting the escalating demand for advanced computing infrastructure. <o:p></o:p>

The optimistic projections indicate the potential for profits at Foxconn to surge by 13 per cent to 25 per cent this year compared to a relatively stagnant performance in the previous year. <o:p></o:p>

Amidst broader market fluctuations, Foxconn's stock outperformed.<o:p></o:p>

Despite a marginal 0.5 per cent decline in the broader market, Foxconn's shares experienced a notable upswing, reflecting investor confidence in the company's strategic direction and growth prospects. <o:p></o:p>

The stock reached a peak of T$132.50 in early trading, marking its highest level since March 23, 2021. <o:p></o:p>

With its close ties to industry giants like Apple and its increasing involvement in cutting-edge technologies such as AI servers, Foxconn is well-positioned to capitalise on emerging opportunities in the global electronics market. <o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Foxconn, a prominent supplier to tech giant Apple, witnessed a remarkable surge in its stock price, jumping as much as 9.5 per cent to its highest level in three years.

Foxconn, a prominent supplier to tech giant Apple, witnessed a remarkable surge in its stock price, jumping as much as 9.5 per cent to its highest level in three years. This surge followed the company's announcement of fourth-quarter profits that surpassed market expectations, coupled with an optimistic outlook for the year ahead driven by robust demand for AI servers. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported a 33 per cent increase in net profit for the fourth quarter, indicating a strong performance amidst evolving market dynamics. Furthermore, the company expressed confidence in achieving substantial revenue growth in the upcoming year. The bullish sentiment surrounding Foxconn's outlook was echoed by analysts, who highlighted the company's positioning as a major beneficiary of Nvidia's next-generation AI server products. In a note issued post-earnings briefing, analysts at Daiwa Capital Markets underscored Foxconn's increasing AI server assemblies and racks orders, signifying its pivotal role in meeting the escalating demand for advanced computing infrastructure. The optimistic projections indicate the potential for profits at Foxconn to surge by 13 per cent to 25 per cent this year compared to a relatively stagnant performance in the previous year. Amidst broader market fluctuations, Foxconn's stock outperformed. Despite a marginal 0.5 per cent decline in the broader market, Foxconn's shares experienced a notable upswing, reflecting investor confidence in the company's strategic direction and growth prospects. The stock reached a peak of T$132.50 in early trading, marking its highest level since March 23, 2021. With its close ties to industry giants like Apple and its increasing involvement in cutting-edge technologies such as AI servers, Foxconn is well-positioned to capitalise on emerging opportunities in the global electronics market. (With inputs from Reuters)

Foxconn stock soars 9.5 pc as Q4 profits exceed expectations amid strong AI server demand

Following a seven-minute meeting, International Business Machines Corp (IBM) disclosed plans for layoffs within its marketing and communications division, leaving employees grappling with uncertainty. <o:p></o:p>

Jonathan Adashek, the chief communications officer at IBM, broke the news during the session, without revealing specific figures, according to sources cited by CNBC.<o:p></o:p>

According to reports, IBM's move to streamline its workforce comes in the wake of CEO Arvind Krishna's previous statements outlining a shift towards integrating artificial intelligence (AI) into various functions, with the expectation of potentially replacing up to 30 per cent of roles with automation over five years. <o:p></o:p>

The company's emphasis on AI-led solutions has raised concerns about the future of traditional job roles within the tech giant. <o:p></o:p>

The decision to downsize reflects a broader trend within the technology industry, with approximately 204 tech companies collectively slashing nearly 50,000 jobs in 2024, as reported by layoffs.fyi. <o:p></o:p>

IBM's restructuring efforts aim to align its workforce with the changing technological landscapes, focusing on integrating AI technologies like WatsonX to enhance efficiency and productivity.<o:p></o:p>

Despite IBM's incremental revenue growth, the company has refrained from significant hiring initiatives, opting instead to prioritise AI integration and workforce balance. <o:p></o:p>

Notably, IBM's revenue from generative AI and WatsonX products doubled in comparison to the previous year, highlighting the company's quest towards AI-driven innovations.<o:p></o:p>

IBM's recent voluntary redundancy program in Europe indicates its transformative approach towards restructuring, with a large portion of the reduction targeted at Enterprise Operations &amp; Support (EO&amp;S), Q2C missions, and Finance &amp; Operations roles. <o:p></o:p>

Following a seven-minute meeting, International Business Machines Corp (IBM) disclosed plans for layoffs within its marketing and communications division, leaving employees grappling with uncertainty.

Following a seven-minute meeting, International Business Machines Corp (IBM) disclosed plans for layoffs within its marketing and communications division, leaving employees grappling with uncertainty. Jonathan Adashek, the chief communications officer at IBM, broke the news during the session, without revealing specific figures, according to sources cited by CNBC. According to reports, IBM's move to streamline its workforce comes in the wake of CEO Arvind Krishna's previous statements outlining a shift towards integrating artificial intelligence (AI) into various functions, with the expectation of potentially replacing up to 30 per cent of roles with automation over five years. The company's emphasis on AI-led solutions has raised concerns about the future of traditional job roles within the tech giant. The decision to downsize reflects a broader trend within the technology industry, with approximately 204 tech companies collectively slashing nearly 50,000 jobs in 2024, as reported by layoffs.fyi. IBM's restructuring efforts aim to align its workforce with the changing technological landscapes, focusing on integrating AI technologies like WatsonX to enhance efficiency and productivity. Despite IBM's incremental revenue growth, the company has refrained from significant hiring initiatives, opting instead to prioritise AI integration and workforce balance. Notably, IBM's revenue from generative AI and WatsonX products doubled in comparison to the previous year, highlighting the company's quest towards AI-driven innovations. IBM's recent voluntary redundancy program in Europe indicates its transformative approach towards restructuring, with a large portion of the reduction targeted at Enterprise Operations & Support (EO&S), Q2C missions, and Finance & Operations roles.

IBM announces job cuts amidst AI integration: Report

We introduce you to a company which is dedicated to empowering street vendors through improved mobility solutions. Here's a closer look at their tech's impact.

E-trike aims to empower street vendors

Women have always been skilled and inventive; they have just faced numerous obstacles in getting recognition and credit for their creations. Here is our tribute to some women who were not afraid to stand up for the respect and credit they rightfully deserved.

International women's day 2024: Inventions by women that the world can't live without

Broadcom on Thursday projected $10 billion in revenue from artificial intelligence (AI) chips in 2024. <o:p></o:p>

Despite this optimistic outlook, the tech giant's stock faced a dip as investors seemed unimpressed with the full-year forecast. <o:p></o:p>

CEO Hock Tan shared insights during an earnings call, emphasising that approximately $7 billion of the anticipated AI chip revenue would be attributed to assisting two major clients in designing custom AI chips. <o:p></o:p>

While Tan didn't explicitly name the clients, industry analysts widely speculate them to be Google's Alphabet and Meta Platforms, the parent company of Facebook.<o:p></o:p>

AI chip business prospects and market reaction<o:p></o:p>

Broadcom, alongside smaller rival Marvell Technology, is watched by investors seeking a share in the burgeoning AI technologies market, including innovations like OpenAI's ChatGPT and Google's Gemini. <o:p></o:p>

Both companies specialise in networking chips crucial for handling the vast data volumes associated with AI computing. <o:p></o:p>

Additionally, they assist clients in crafting custom AI chips tailored to their needs. <o:p></o:p>

Despite the bullish AI chip revenue projection, Broadcom's stock faced a decline in after-hours trading due to a less-than-stellar full-year forecast, impacting investor sentiment.<o:p></o:p>

Custom AI chips and margins<o:p></o:p>

Broadcom's CEO, Hock Tan, shed light on the custom chip business, stating that it "can command margins similar to our corporate gross margin," which stood at approximately 75 per cent on an adjusted basis for the fiscal first quarter. <o:p></o:p>

Notably, $7 billion of the expected $10 billion AI chip revenue is anticipated from this segment. <o:p></o:p>

Although Tan did not explicitly mention Google and Meta Platforms, industry speculation points to them as the major clients for Broadcom's custom AI chip design services. <o:p></o:p>

This segment's robust growth is seen as pivotal for Broadcom's overall revenue outlook.<o:p></o:p>

Annual revenue forecast and investor sentiment<o:p></o:p>

Despite the AI chip revenue forecast, Broadcom chose not to update its annual revenue projection of $50 billion. <o:p></o:p>

This decision, coupled with the stock's 26 per cent rally in 2024 driven by AI optimism, resulted in a slight dip in after-hours trading. <o:p></o:p>

Analysts expected a more bullish outlook, given the heightened growth expectations for Broadcom. <o:p></o:p>

The company's role as a data centre supplier for tech heavyweights like Microsoft has fuelled its prominence in the AI domain.<o:p></o:p>

Diversification and growth in software segment<o:p></o:p>

Broadcom, traditionally recognized as a chipmaker, has broadened its portfolio to include collaborations with tech firms such as VMware and software company CA Technologies. <o:p></o:p>

Notably, the infrastructure software revenue witnessed remarkable growth, surging by 153 per cent to $4.57 billion, surpassing estimates. <o:p></o:p>

Despite challenges in other segments due to a cyclical slowdown, Broadcom's AI revenue for the first quarter quadrupled from the previous year to reach $2.3 billion, offsetting other downturns.<o:p></o:p>

Earnings performance<o:p></o:p>

For the fiscal first quarter ending February 4, Broadcom reported net revenue of $11.96 billion, surpassing analysts' average estimate. <o:p></o:p>

Adjusted net income was reported at $5.25 billion, outperforming estimates. <o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Broadcom on Thursday projected $10 billion in revenue from artificial intelligence (AI) chips in 2024. Despite this optimistic outlook, the tech giant's stock faced a dip as investors seemed unimpressed with the full-year forecast.

Broadcom on Thursday projected $10 billion in revenue from artificial intelligence (AI) chips in 2024. Despite this optimistic outlook, the tech giant's stock faced a dip as investors seemed unimpressed with the full-year forecast. CEO Hock Tan shared insights during an earnings call, emphasising that approximately $7 billion of the anticipated AI chip revenue would be attributed to assisting two major clients in designing custom AI chips. While Tan didn't explicitly name the clients, industry analysts widely speculate them to be Google's Alphabet and Meta Platforms, the parent company of Facebook. AI chip business prospects and market reaction Broadcom, alongside smaller rival Marvell Technology, is watched by investors seeking a share in the burgeoning AI technologies market, including innovations like OpenAI's ChatGPT and Google's Gemini. Both companies specialise in networking chips crucial for handling the vast data volumes associated with AI computing. Additionally, they assist clients in crafting custom AI chips tailored to their needs. Despite the bullish AI chip revenue projection, Broadcom's stock faced a decline in after-hours trading due to a less-than-stellar full-year forecast, impacting investor sentiment. Custom AI chips and margins Broadcom's CEO, Hock Tan, shed light on the custom chip business, stating that it "can command margins similar to our corporate gross margin," which stood at approximately 75 per cent on an adjusted basis for the fiscal first quarter. Notably, $7 billion of the expected $10 billion AI chip revenue is anticipated from this segment. Although Tan did not explicitly mention Google and Meta Platforms, industry speculation points to them as the major clients for Broadcom's custom AI chip design services. This segment's robust growth is seen as pivotal for Broadcom's overall revenue outlook. Annual revenue forecast and investor sentiment Despite the AI chip revenue forecast, Broadcom chose not to update its annual revenue projection of $50 billion. This decision, coupled with the stock's 26 per cent rally in 2024 driven by AI optimism, resulted in a slight dip in after-hours trading. Analysts expected a more bullish outlook, given the heightened growth expectations for Broadcom. The company's role as a data centre supplier for tech heavyweights like Microsoft has fuelled its prominence in the AI domain. Diversification and growth in software segment Broadcom, traditionally recognized as a chipmaker, has broadened its portfolio to include collaborations with tech firms such as VMware and software company CA Technologies. Notably, the infrastructure software revenue witnessed remarkable growth, surging by 153 per cent to $4.57 billion, surpassing estimates. Despite challenges in other segments due to a cyclical slowdown, Broadcom's AI revenue for the first quarter quadrupled from the previous year to reach $2.3 billion, offsetting other downturns. Earnings performance For the fiscal first quarter ending February 4, Broadcom reported net revenue of $11.96 billion, surpassing analysts' average estimate. Adjusted net income was reported at $5.25 billion, outperforming estimates. (With inputs from Reuters)

Broadcom eyes $10 billion in AI chip sales for 2024: Report

The chat GPT maker has said that Musk wanted a merger with Tesla, the co-founders have also dismissed Musk's claims that OpenAI moved away from its original goals. Billionaire entrepreneur Elon Musk has sued ChatGPT-maker OpenAI and its CEO, Sam Altman. Musk argues that the company has abandoned its original mission to develop artificial intelligence for the benefit of humanity.

OpenAI denies Elon Musk's claims of moving away from original goal

The robotic solution, called Homosep Atom, has already been deployed by civic bodies in 16 cities including Chennai, Madurai and Coimbatore where it replaces manual cleaning methods with robotic cleaning methods, using extensive blade cleanings, solid waste desilting, suction and storage by a single device.

India's ﬁrst septic tank cleaning robot strengthening Swatch Bharat campaign

Tech companies showcase their latest gadgets at the world's biggest wireless telecoms fair, the four-day-long Mobile World Congress in Barcelona. Among the products on show are a robot dog, a flying car and robotic doll aimed at assisting the elderly.

MWC 2024: Robot dogs to flying cars among highlights at Mobile World Congress

One of the most infamous cyber crime gangs in the world lockbit has resurfaced once again in a rare International operation last week law enforcement from 10 countries had disrupted operations of the lock bit ransomware group however it seems the operation was nothing but a smoke show. Lockbit says that it has restored its servers and is back in business. Watch to know more!

Lockbit ransomware returns after takedown with new extortion threats

A former employee of tech giant Google has alleged that he was denied a promotion at the company for 'being a white man'. Shaun Maguire,as per a report in The New York Post, worked at Google's headquarters in Mountain view, California in the United States between 2016 and 2019. Maguire created a poll on social media post X (formerly Twitter) in December 2023 asking, "Should I go public with the story about the time I was told I can’t be promoted for being a white man?". The respondents overwhelmingly voted 'yes'.

On Friday (Feb 23), Maguire started a thread quoting this 2023 poll and claimed that he received such a treatment at Google calling the company "an absolute trash can dumpster fire".

He subsequently made more posts describing the incident and the treatment he claimed he got.

<div class="ui-state-default" contenteditable="false">
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“I’m really not supposed to tell you this. It could get me fired. 
 
But you’re one of the highest performing people here but I can’t promote you right now because I have a quota. My hands are tied. You’ll get the next slot. Please be patient. I’m really sorry.” 
 
— Google <a href="https://t.co/0I7bmWmPIu">https://t.co/0I7bmWmPIu</a>
— Shaun Maguire (@shaunmmaguire) <a href="https://twitter.com/shaunmmaguire/status/1760885099984261564?ref_src=twsrc%5Etfw">February 23, 2024</a></blockquote>
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He further claimed that since he made posts about his experience, 'up to 5' ex-Google employees contacted him and said that they have experienced similar treatment from the company.

Watch | Google sued over Pixel 6 pro smartphones being too hot

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The New York Post cited a source within Google who said that when Maguire was at Google, the company was facing problem with #MeToo scandals which led to formation of 'employee resource groups' which demanded that Google hire more women and other diverse candidates. The source reportedly claimed that the pressure campaign even reached the company's top management, including founders Larry Page and Sergey Brin.

Google had termed this "completely untrue".

Also Read | <a href="https://www.wionews.com/trending/is-gmail-shutting-down-google-clarifies-after-hoax-claims-it-is-coming-to-a-close-693065">Is Gmail shutting down? Google clarifies after hoax claims it is 'coming to a close'</a>

“The founders and Board have never spoken to [Google Ventures] &nbsp;about personnel matters. Shaun is a talented investor and we wish him well at Sequoia, but decisions about his promotion and career advancement at GV not once ever involved consideration of his race or gender,” representative of the company said as reported by The New York.

After leaving Google in 2019, Maguire sold his cybersecurity firm Expanse for USD 1.05 billion.

(With inputs from agencies)

A former employee of tech giant Google has alleged that he was denied a promotion at the company for 'being a white man'. Shaun Maguire,as per a report in The New York Post, worked at Google's headquarters in Mountain view, California in the United States between 2016 and 2019.

A former employee of tech giant Google has alleged that he was denied a promotion at the company for 'being a white man'. Shaun Maguire,as per a report in The New York Post, worked at Google's headquarters in Mountain view, California in the United States between 2016 and 2019. Maguire created a poll on social media post X (formerly Twitter) in December 2023 asking, "Should I go public with the story about the time I was told I can’t be promoted for being a white man?". The respondents overwhelmingly voted 'yes'. On Friday (Feb 23), Maguire started a thread quoting this 2023 poll and claimed that he received such a treatment at Google calling the company "an absolute trash can dumpster fire". He subsequently made more posts describing the incident and the treatment he claimed he got. “I’m really not supposed to tell you this. It could get me fired. But you’re one of the highest performing people here but I can’t promote you right now because I have a quota. My hands are tied. You’ll get the next slot. Please be patient. I’m really sorry.” — Google https://t.co/0I7bmWmPIu — Shaun Maguire (@shaunmmaguire) February 23, 2024 × He further claimed that since he made posts about his experience, 'up to 5' ex-Google employees contacted him and said that they have experienced similar treatment from the company. Watch | Google sued over Pixel 6 pro smartphones being too hot × The New York Post cited a source within Google who said that when Maguire was at Google, the company was facing problem with #MeToo scandals which led to formation of 'employee resource groups' which demanded that Google hire more women and other diverse candidates. The source reportedly claimed that the pressure campaign even reached the company's top management, including founders Larry Page and Sergey Brin. Google had termed this "completely untrue". Also Read | Is Gmail shutting down? Google clarifies after hoax claims it is 'coming to a close' “The founders and Board have never spoken to [Google Ventures] about personnel matters. Shaun is a talented investor and we wish him well at Sequoia, but decisions about his promotion and career advancement at GV not once ever involved consideration of his race or gender,” representative of the company said as reported by The New York. After leaving Google in 2019, Maguire sold his cybersecurity firm Expanse for USD 1.05 billion. (With inputs from agencies)

Ex-Google employee accuses company of denying promotion as he was 'white man'

Not every superhero wears a cape. Some wield good intentions and brilliant ideas to impact the world. Christine Getman embodies this mantra through her initiative, 'Magic Wheelchair,' which transforms wheelchairs into enchanting rides for children. Watch this heartwarming story for more.

Magic wheelchair turns disabled kids into superheroes

Christian Bagg's passion for the outdoors persists despite an accident that paralysed him from the waist down. Surprisingly, this setback didn't deter him. He devised an innovative solution enabling him to partake in mountain adventure activities. Meeting this resilient champion and watch the report for more details. Watch to know more!

Adventure bikes for people with physical disabilities

Dassault Systemes is catalyzing innovation everywhere, assisting companies in creating intelligent products that enhance your daily routines, fostering the evolution of cities into sustainable habitats, and enhancing medical treatments. Here's a closer look at their tech's impact.

Dassault Systemes accelerating innovation

A company is igniting creativity and innovation among the next generation of engineers and inventors by turning famous fictional sci-fi tech into working prototypes. Watch the report for more details.

Hacksmith creates real-life replicas of fictional gadgets

Apple has advised its users against drying wet iPhones with uncooked rice contrary to popular belief experts have long war against this technique with tests that indicate the method as completely ineffective. Apple urges against drying phones with hairdryers, radiators. Watch to know more!

Smartphone got wet? Rice isn't the solution

In a landmark international operation, the operations of the notorious cyber crime gang Lockbit known for its ransomware attacks have been disrupted. The joint effort involved Britain's National Crime Agency, the US Federal Bureau of Investigation, Europol and a coalition of international police agencies.

Most harmful cybercrime group Lockbit smashed

On Feb 14, 2024, chip making giant Nvidia made headlines as it replaced Alphabet as Wall Street’s third most valuable company, with its market value standing at $1.825 trillion. It even surpassed other tech giants including Jeff Bezo’s Amazon.

Market analysts now hold Nvidia in high regard due to increased demand for AI chips.

As the company stands victorious in the chip race, we go back to Nvidia’s beginning and try to answer the question: what has made Nvidia so successful today?

Early Days and Strategic Vision: From gaming to AI superpower (1993-2004)

Founded by CEO Jensen Huang in Sunnyvale, California, Nvidia entered the scene in 1993 with a focus on graphics processing units (GPUs) for the burgeoning gaming market.

Initially, the company's chips successfully powered iconic games like Quake and Unreal Tournament.

&nbsp;Huang recognised that GPUs held untapped potential beyond gaming, particularly in their parallel processing capabilities ideal for complex calculations.

This vision would become the cornerstone of Nvidia's future success.

By the early 2000s, Nvidia began shifting its focus towards artificial intelligence (AI) and high-performance computing (HPC).

This was a bold move, considering that AI was developing at its earliest stages.

Fortunately Huang's foresight came true, as the demand for AI applications began to rapidly grow.

This shift laid the groundwork for Nvidia's transformation from a gaming specialist to a leader in AI and HPC.

Innovation: Building the foundation for success

Nvidia's success story is deeply intertwined with its constant pursuit of innovation.

The company has invested heavily in research and development, leading to groundbreaking advancements in chip architecture and performance.

One of the well-known examples is the Tensor Core technology, a revolutionary design specifically developed for AI workloads.

This innovation boosted the performance of AI algorithms, solidifying Nvidia's position as a key player in the AI revolution.

But innovation was not limited to hardware.

Nvidia also recognised the importance of software development.

The company poured resources into creating Compute Unified Device Architecture (CUDA), a parallel programming platform that allowed developers to easily leverage the power of GPUs for AI and HPC applications.

This move fuelled internal development and also fostered a diverse ecosystem of third-party developers, which made companies quickly adopt Nvidia's technology.

Ecosystem Building: Power in collaboration

Nvidia realised that success in the realm of AI and HPC would not be achieved alone.

The company actively fostered a strong ecosystem of partners, including software developers, hardware manufacturers, and cloud service providers.

This collaborative approach proved highly successful.

Leading software developers like Microsoft and Amazon embraced CUDA, integrating Nvidia GPUs into their cloud platforms and AI frameworks.

This not only expanded the reach of Nvidia's technology but also created a self-reinforcing cycle of innovation within the ecosystem.

Strategic Acquisitions: Expanding the reach and expertise

While organic innovation was crucial, Nvidia also recognised the value of strategic acquisitions to bolster its capabilities and expand its reach.

In 2019, the company acquired Mellanox, a leader in data centre networking and HPC solutions.

This acquisition enhanced Nvidia's capabilities in data centre networking, a critical component for high-performance computing and AI workloads.

Additionally, it provided Nvidia with valuable expertise in HPC, further securing its position in this rapidly growing market.

Adaptability and Agility: Thriving in a dynamic landscape

The technology landscape is constantly evolving, and Nvidia has consistently demonstrated its ability to adapt and thrive in this dynamic environment.

From seizing the cryptocurrency mining boom in the early 2010s to capitalising on the rise of autonomous vehicles through its DRIVE platform, Nvidia has been able to identify and capitalise on emerging opportunities.

This agility has ensured that Nvidia remains relevant and continues to push the boundaries of what's possible with chip technology.

On Feb 14, 2024, chip making giant Nvidia made headlines as it replaced Alphabet as Wall Street’s third most valuable company, with its market value standing at $1.

On Feb 14, 2024, chip making giant Nvidia made headlines as it replaced Alphabet as Wall Street’s third most valuable company, with its market value standing at $1.825 trillion. It even surpassed other tech giants including Jeff Bezo’s Amazon. Market analysts now hold Nvidia in high regard due to increased demand for AI chips. As the company stands victorious in the chip race, we go back to Nvidia’s beginning and try to answer the question: what has made Nvidia so successful today? Early Days and Strategic Vision: From gaming to AI superpower (1993-2004) Founded by CEO Jensen Huang in Sunnyvale, California, Nvidia entered the scene in 1993 with a focus on graphics processing units (GPUs) for the burgeoning gaming market. Initially, the company's chips successfully powered iconic games like Quake and Unreal Tournament. Huang recognised that GPUs held untapped potential beyond gaming, particularly in their parallel processing capabilities ideal for complex calculations. This vision would become the cornerstone of Nvidia's future success. By the early 2000s, Nvidia began shifting its focus towards artificial intelligence (AI) and high-performance computing (HPC). This was a bold move, considering that AI was developing at its earliest stages. Fortunately Huang's foresight came true, as the demand for AI applications began to rapidly grow. This shift laid the groundwork for Nvidia's transformation from a gaming specialist to a leader in AI and HPC. Innovation: Building the foundation for success Nvidia's success story is deeply intertwined with its constant pursuit of innovation. The company has invested heavily in research and development, leading to groundbreaking advancements in chip architecture and performance. One of the well-known examples is the Tensor Core technology, a revolutionary design specifically developed for AI workloads. This innovation boosted the performance of AI algorithms, solidifying Nvidia's position as a key player in the AI revolution. But innovation was not limited to hardware. Nvidia also recognised the importance of software development. The company poured resources into creating Compute Unified Device Architecture (CUDA), a parallel programming platform that allowed developers to easily leverage the power of GPUs for AI and HPC applications. This move fuelled internal development and also fostered a diverse ecosystem of third-party developers, which made companies quickly adopt Nvidia's technology. Ecosystem Building: Power in collaboration Nvidia realised that success in the realm of AI and HPC would not be achieved alone. The company actively fostered a strong ecosystem of partners, including software developers, hardware manufacturers, and cloud service providers. This collaborative approach proved highly successful. Leading software developers like Microsoft and Amazon embraced CUDA, integrating Nvidia GPUs into their cloud platforms and AI frameworks. This not only expanded the reach of Nvidia's technology but also created a self-reinforcing cycle of innovation within the ecosystem. Strategic Acquisitions: Expanding the reach and expertise While organic innovation was crucial, Nvidia also recognised the value of strategic acquisitions to bolster its capabilities and expand its reach. In 2019, the company acquired Mellanox, a leader in data centre networking and HPC solutions. This acquisition enhanced Nvidia's capabilities in data centre networking, a critical component for high-performance computing and AI workloads. Additionally, it provided Nvidia with valuable expertise in HPC, further securing its position in this rapidly growing market. Adaptability and Agility: Thriving in a dynamic landscape The technology landscape is constantly evolving, and Nvidia has consistently demonstrated its ability to adapt and thrive in this dynamic environment. From seizing the cryptocurrency mining boom in the early 2010s to capitalising on the rise of autonomous vehicles through its DRIVE platform, Nvidia has been able to identify and capitalise on emerging opportunities. This agility has ensured that Nvidia remains relevant and continues to push the boundaries of what's possible with chip technology.

Flashback Friday: How Nvidia aced the global chip race

American woman Amber Pearson, tormented by the relentless grip of obsessive-compulsive disorder (OCD), used to wash her hands until they bled. However, a groundbreaking brain implant, originally intended for treating epilepsy, has remarkably transformed her life.

Revolutionary dual brain implant offers relief to US woman from OCD and epilepsy

A US federal judge has set a trial date of September 9, 2024, for the antitrust lawsuit filed by the US Justice Department and a coalition of states against Google. <o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

The lawsuit, initiated in January 2023, alleges that Google has abused its dominance in digital advertising technology, monopolising the market and impeding fair competition. <o:p></o:p>

The government is pushing for Google to divest its ad manager suite, contending that such actions are necessary to restore a level playing field in the digital advertising industry.<o:p></o:p>

Google has vehemently denied the allegations, stating that if the lawsuit were to succeed, it would have detrimental effects on innovation and hinder the growth of small businesses and publishers. <o:p></o:p>

The company argues that the proposed measures would "slow innovation, raise advertising fees, and make it harder for thousands of small businesses and publishers to grow." <o:p></o:p>

The impending trial marks a significant legal battle for Google, requiring the tech giant to defend its practices in the digital advertising sector against accusations of monopolistic behaviour.<o:p></o:p>

The trial, set to take place in Alexandria, Virginia, faced a request for an earlier start date in July from the Justice Department, Virginia, and other states. <o:p></o:p>

However, US District Judge Leonie Brinkema cited logistical challenges in her decision to schedule the trial for September. <o:p></o:p>

While representatives for both Google and the Justice Department declined to comment on the trial date, the proceedings will likely draw attention as a pivotal moment in the ongoing legal scrutiny surrounding Google's practices in the digital advertising space.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

A US federal judge has set a trial date of September 9, 2024, for the antitrust lawsuit filed by the US Justice Department and a coalition of states against Google.

A US federal judge has set a trial date of September 9, 2024, for the antitrust lawsuit filed by the US Justice Department and a coalition of states against Google. This is based on a Reuters report. The lawsuit, initiated in January 2023, alleges that Google has abused its dominance in digital advertising technology, monopolising the market and impeding fair competition. The government is pushing for Google to divest its ad manager suite, contending that such actions are necessary to restore a level playing field in the digital advertising industry. Google has vehemently denied the allegations, stating that if the lawsuit were to succeed, it would have detrimental effects on innovation and hinder the growth of small businesses and publishers. The company argues that the proposed measures would "slow innovation, raise advertising fees, and make it harder for thousands of small businesses and publishers to grow." The impending trial marks a significant legal battle for Google, requiring the tech giant to defend its practices in the digital advertising sector against accusations of monopolistic behaviour. The trial, set to take place in Alexandria, Virginia, faced a request for an earlier start date in July from the Justice Department, Virginia, and other states. However, US District Judge Leonie Brinkema cited logistical challenges in her decision to schedule the trial for September. While representatives for both Google and the Justice Department declined to comment on the trial date, the proceedings will likely draw attention as a pivotal moment in the ongoing legal scrutiny surrounding Google's practices in the digital advertising space. (With inputs from Reuters)

Google faces September trial date in US antitrust lawsuit over digital ads: Report

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