Technology Industry News

A collection of Technology latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

scmp.com - June Xia - China's Li Qiang calls for tech overhaul of legacy industrial hubs before Davos
China's Li Qiang calls for tech overhaul of legacy industrial hubs before Davos
South China Morning Post

During an inspection of shipbuilding and nuclear power firms in China's heavy industrial hub in the northeast, Premier Li Qiang pushed state-owned firms to achieve breakthroughs in high-end equipment manufacturing and to bolster the nation's core…

wsj.com - Dow Jones Newswires Staff - Stock Futures Slide as Technology Selloff Spreads
Stock Futures Slide as Technology Selloff Spreads
Wall Street Journal

Futures for the Nasdaq were more than 2% lower in early European trade as a global selloff in technology stocks gathered pace. Artificial intelligence-linked stocks tumbled in Japan and South Korea, before European tech names fell sharply at market…

scmp.com - Daisy Wu - How are Chinese firms faring as AI and tech reshape global market cap rankings?
How are Chinese firms faring as AI and tech reshape global market cap rankings?
South China Morning Post

China's state-owned banks and energy majors – once shoulder to shoulder with American firms at the top of market capitalisation rankings – have fallen behind as AI and technology companies capture the imagination of global investors…

upi.com - KOSPI crashes nearly 10 pct on massive tech sell-offs
KOSPI crashes nearly 10 pct on massive tech sell-offs
UPI

South Korean stocks tumbled nearly 10 percent Tuesday as foreign investors dumped major semiconductor shares and other market heavyweights amid profit-taking, tracking overnight losses in U.S. technology stocks. The local currency weakened against…

techcrunch.com - Rebecca Bellan - The running list: major tech layoffs in 2026 where employers cited AI
The running list: major tech layoffs in 2026 where employers cited AI
TechCrunch

Oracle disclosed Monday that it has reduced its workforce by 21,000 employees over the past 12 months, a decline of 13%, which means more cuts than was previously known, including jobs eliminated because of AI. “The adoption and deployment…

bloomberg.com - Abhishek Vishnoi - US Stock Futures Tumble as Megacap Tech Rout Hits Asian Peers
US Stock Futures Tumble as Megacap Tech Rout Hits Asian Peers
Bloomberg

US stock futures fell Tuesday as a selloff in megacap technology shares spilled over into Asian AI-related stocks, while investors awaited further progress in US-Iran peace talks. Contracts on the Nasdaq 100 fell 2.1% as of 2:25 a.m. in New York…

yahoo.com - Daniel Howley - Tech stocks live: Tech stocks mixed ahead of Micron earnings Wednesday
Tech stocks live: Tech stocks mixed ahead of Micron earnings Wednesday
Yahoo!

Tech stocks were mixed in early trading Monday as questions continued to loom over the US-Iran peace deal. On the artificial intelligence front, memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing…

theguardian.com - Tom McIlroy - David Pocock urges Albanese to stop tech companies training AI models using Australian content
David Pocock urges Albanese to stop tech companies training AI models using Australian content
The Guardian

The independent senator David Pocock has challenged the Albanese government to rule out letting tech giants use Australian content to train AI models, as cabinet considers proposals to change copyright rules for the rapidly developing technology.

bbc.co.uk - Osmond Chia - Tech giant Oracle sheds 21,000 jobs in a year as AI replaces some roles
Tech giant Oracle sheds 21,000 jobs in a year as AI replaces some roles
BBC

US technology giant Oracle shed about 21,000 roles globally in the last year as it reshapes its business around artificial intelligence (AI), its latest annual report shows. The software and cloud computing firm says it had around 141,000 full-time…

businessinsider.com - Huileng Tan - A brutal tech sell-off sends South Korea's Kospi down 10%
A brutal tech sell-off sends South Korea's Kospi down 10%
Business Insider

South Korea's stock market ended nearly 10% lower on Tuesday as investors dumped AI-linked names amid a global tech selloff. One of the world's hottest stock markets this year, the Kospi tripped a circuit breaker and closed 9.99% lower on Tuesday…

afr.com - Gus McCubbing - Tech the worst performer on the ASX, but brokers are buying back in
Tech the worst performer on the ASX, but brokers are buying back in
Australian Financial Review

The technology sector has become the dunce of the Australian sharemarket, having slumped 40 per cent over the past 12 months. An aggressive series of interest rate rises from the Reserve Bank of Australia, combined with the so-called…

bloomberg.com - Ruhell Amin - Tech Firms Lead European Stocks Lower as AI Momentum Cools
Tech Firms Lead European Stocks Lower as AI Momentum Cools
Bloomberg

European stocks fell sharply at the open on Tuesday as a global retreat in technology firms weighed on indexes. The Stoxx Europe 600 fell 1% as of 8:07 a.m. in London. Technology and basic resource firms dropped at least 2.5%, the biggest losses…

livescience.com - Edd Gent - 9 of the best technology conspiracy theories
9 of the best technology conspiracy theories
Live Science

From government surveillance programs to microchips in vaccines, technology-centric conspiracy theories have exploded in the digital age, adding to some of the best conspiracy theories already in existence. While most probably seem laughable to the…

bloomberg.com - Rajesh Roy - India to Share Rocket Tech to Hasten Development of Space Firms
India to Share Rocket Tech to Hasten Development of Space Firms
Bloomberg

India said it plans to share its technology involving the Polar Satellite Launch Vehicle, the country's most reliable rocket, to help speed up development of the local space industry. “We have released an expression of interest to transfer…

bloomberg.com - Charles Riley - Tech Losses Pile Up as Investors Focus on AI Risks
Tech Losses Pile Up as Investors Focus on AI Risks
Bloomberg

This article is for subscribers only. Where will the S&P 500, the dollar and Treasuries end the year? Let us know in the latest Markets Pulse survey. Tech losses are stacking up around the world as the AI rally slams into reverse.

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