SK Hynix says AI boom will drive profits after Q3 loss narrows
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s SK Hynix said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter…
Generative AI, a new threat to cybersecurity
ChatGPT, Deepfakes, and more sophisticated phishing scams are the biggest dangers for companies, which must learn to master AI to defeat it. With ChatGPT4, the world has discovered the potential of generative…
Dassault Systemes hikes profit target as subscriptions surge
By Pierre John Felcenloben (Reuters) – French software maker Dassault Systemes on Wednesday hiked its 2023 profit outlook after a surge in subscription sales in the third quarter, sending its…
Computer parts maker Logitech raises full-year guidance
By John Revill (Reuters) – Logitech International lifted its full-year guidance on Tuesday after the computer keyboard and webcam maker increased profit and slowed the rate of its sales downturn…
Strong ad sales, stable enterprise spending wind beneath Big Tech earnings
By Yuvraj Malik and Zaheer Kachwala Big Tech: (Reuters) – U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy…
Major cyber attack could cost the world $3.5 trillion -Lloyd’s of London
By Carolyn Cohn LONDON (Reuters) – A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered…
Amazon says it has 10,000 Rivian electric vans in its delivery fleet
By Arriana McLymore (Reuters) – Amazon.com has 10,000 Rivian electric delivery vehicles making routes across the U.S. and Europe, the company said during a business presentation on Tuesday. Amazon has…
Netflix raises prices and adds subscribers, despite strikes
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Netflix increased subscription prices for some streaming plans in the United States, Britain and France on Wednesday as it shattered…
Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory
By Hyunjoo Jin, Akash Sriram and Joseph White (Reuters) – Tesla CEO Elon Musk said on Wednesday that he was concerned about the impact of high interest rates on car…
Top 5 high-profile company data breaches in 2023
The speed at which big or small businesses encounter data breaches is alarming. In 2023, many high-profile companies have fallen victim to hacking. Recent major cyberattacks have affected healthcare, finance, retail,…