Category Archives: (KFGO The Mighty 790) Technology
TikTok-owner ByteDance cuts hundreds of jobs in China – SCMP
(Reuters) - ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the South Ch...
Syndicated Content Jan 03, 2023
Bankman-Fried set to enter not guilty plea in FTX fraud case
By Jack Queen and Luc Cohen NEW YORK (Reuters) - Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at ...
Syndicated Content Jan 03, 2023
Ferrovial to build data centre for Microsoft in Madrid – Cinco Dias
(Reuters) - U.S. tech giant Microsoft has commissioned Spain-based infrastructure company Ferrovial to build a data centre near the Spanish capital, the Cinco Dias newspaper reported on Tuesday. While...
Syndicated Content Jan 03, 2023
Startups spring from ashes of Big Tech purge
By Supantha Mukherjee, Martin Coulter and Krystal Hu (Reuters) - Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduc...
Syndicated Content Jan 03, 2023
Bahamas regulator sticks to estimate of FTX assets
(Reuters) - The Securities Commission of the Bahamas (SCB) rebuffed on Monday FTX's claims about the digital assets of its Bahamas unit held by the regulator, saying the debtors of the bankrupt crypto...
Syndicated Content Jan 02, 2023
SpaceX to raise $750 million at $137 billion valuation – CNBC
(Reuters) - Elon Musk's SpaceX is raising $750 million in a new round of funding that values the rocket and satellite company at $137 billion from investors, including Andreessen Horowitz, CNBC report...
Syndicated Content Jan 02, 2023
Foxconn Zhengzhou plant’s Dec shipments hit 90% of original target – source
TAIPEI (Reuters) - December shipments from Foxconn's Zhengzhou iPhone plant in China were 90% of the firm's initial plans, a source with direct knowledge of the matter said, as the facility strives to...
Syndicated Content Jan 02, 2023
South Korea fines Tesla $2.2 million for exaggerating driving range of EVs
SEOUL (Reuters) - South Korea's antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its el...
Syndicated Content Jan 02, 2023
Exclusive-Tesla China boss Zhu promoted to global role – company posting
(Reuters) -Tesla Inc's China chief Tom Zhu has been promoted to take charge of the electric carmaker's U.S. assembly plants as well as sales operations in North America and Europe, according to an int...
Syndicated Content Jan 02, 2023
South Korea to offer tax breaks on domestic chip and tech investments
SEOUL (Reuters) - South Korea said on Tuesday it would offer large tax breaks to semiconductor and other technology companies investing at home to strengthen its supply-chain security while boosting t...
Syndicated Content Jan 02, 2023

