Big Tech

Meta Platforms halted further development of a premium mixed-reality headset which would have competed against Apple’s Vision Pro, technology news site The Information reported.

Google penned a long-term deal with US-based Energix Renewables, in an agreement that could help the technology giant power its data centres housing AI applications, as well as advance a wider net-zero strategy.

SK Hynix landed $450 million in direct funding and $500 million in loans from the CHIPS and Science Act to build a memory packaging plant for AI products as well as a R&D facility in the US state of Indiana.

A judge found Google broke antitrust law by creating a monopoly through payments to companies to make its search engine the default setting.

Dell Technologies was reported to be set to cull an undetermined number of its employees as part of the formation of a group focused on AI-enabled products and services.

Intel outlined plans to reduce its headcount by more than 15 per cent with the majority of cuts expected by the end of the year, a move which forms part of a multi-billion dollar cost saving plan designed to aid efforts to refocus the business.

Amazon reportedly lost more than $25 billion in its devices division between 2017 and 2021 as part of a strategy by former CEO Jeff Bezos.