Latest from Big Tech

CrowdStrike reveals cause of faulty update, firm’s Aussie boss says compensation talk ‘inevitable’

Experts estimate more than US$1 billion in damage.

Alphabet revenue jumps, shows no sign of AI denting search business

Financial Times: Cloud growth is hot as companies race to build large language models.

Google co-founder backs biotech studying psychedelic African shrub

Financial Times: Sergey Brin’s non-profit funds research into using hallucinogen.

'Largest IT outage in history', more calls for Biden to quit | Focus Morning Bulletin July 20, 2024

Yesterday experienced what is being labelled as the 'Largest IT outage in history' Meanwhile one in ten Democrats call for action from US President Joe Biden.

Meta explores stake in Ray-Ban maker EssilorLuxottica

Financial Times: Facebook owner considers boost to smart glasses partnership.

Chip stocks tumble as Trump comments rattle investors

Financial Times: Markets fret over report of tougher semiconductor trade restrictions.

Wall Street gains as investors bet on second Trump term

Gunmaker and prison operator make gains as Trump presidency predicted.

Elon Musk’s X to get final EU warning over dangerous content

Warning shot against X follows start of an investigation by EU’s regulators.

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut

Markets hoping the Fed will finally cut interest rates.