All articles by Refna Tharayil
Refna Tharayil
Intel considers spinning off production unit after CEO departure and AI setbacks
The speculation from Intel’s co-CEOs follows the firm’s disclosure of a $7.86bn subsidy agreement under the CHIPS Act requiring the company to retain majority ownership of its manufacturing unit.
Broadcom projects 22% revenue growth for Q1 FY25, fuelled by AI demand
In Q4 FY24, the semiconductor and infrastructure software solutions provider reported consolidated revenue of $14.1bn – a 51% year-on-year increase.
Krispy Kreme confirms online ordering disruption following cyberattack
The company’s IT department, working alongside external cybersecurity specialists, has initiated an investigation to determine the extent and nature of the attack.
Adobe’s AI integration push faces challenges amid disappointing FY25 outlook
The design software giant’s latest forecast deepened worries about its capacity to maintain its forward momentum on AI.
Data infrastructure challenges slowing AI adoption, say 83% of IT leaders
The survey by EY US also revealed signs of “AI fatigue,” with 50% of senior leaders noting a decline in enthusiasm for AI adoption.
Ivanti patches high-severity vulnerabilities in CSA after exposure of critical flaws
Administrators have been advised by the company to immediately update affected devices to CSA version 5.0.3 to resolve the critical vulnerabilities identified in the latest security advisory.
Blue Yonder investigates ransomware attack as Termite claims responsibility
The Termite group claimed responsibility for the attack, announcing on its dark web site that it had exfiltrated 680GB of sensitive data, including documents, insurance files, and email lists.
Oracle stock drops over 7% as Q2 FY25 results fall short of forecasts
The Austin-based technology company’s total revenue for the quarter was $14.1bn, marking a 9% year-over-year increase, although it slightly fell short of market expectations.
Apple aims to reduce Qualcomm reliance with new modem technology
Apple’s first modem, code-named “Sinope,” is set to debut in entry-level devices such as the iPhone SE and certain iPad models.
US CFPB orders federal oversight of Google Payment, tech giant responds with lawsuit
In its lawsuit, Google challenges the CFPB’s authority, arguing that the supervision is unwarranted and describing the cited consumer complaints as “unsubstantiated.”