Uber Technologies is cutting about 3,300 jobs, or roughly 10% of its global workforce, in its largest round of layoffs since the COVID-19 pandemic as the ride-hailing company restructures its operations, reduces management layers and prepares for a transportation market being shaped by autonomous vehicles. At the same time, Uber is winding down its operations […] The post Uber Cuts 3,300 Jobs as Robotaxis Reshape Ride-Hailing, Exits Nigeria and Uganda appeared first on Tekedia.

Trade relations between the United States and Canada have entered another tense phase, with negotiations effectively frozen after a breakdown in talks and a sharp escalation in rhetoric from Washington. Canadian Prime Minister Mark Carney has made clear that Ottawa is not prepared to return to the negotiating table simply for the sake of reaching […] The post US-Canada Trade Talks Freeze as Carney Demands Serious Negotiations appeared first on Tekedia.

South Korean foreign exchange authorities bought roughly $20 billion of U.S. dollars sold by SK Hynix following the chipmaker’s record $26.5 billion American depositary receipt listing in July, using the transaction to replenish foreign-exchange reserves and help stabilize the won, a source with direct knowledge of the matter told Reuters on Wednesday. The Foreign Exchange […] The post South Korea Bought $20bn of SK Hynix’s Dollar Proceeds to Rebuild FX Reserves appeared first on Tekedia.

Apple is increasingly emerging as an unlikely defensive play for investors as concerns over the durability of the artificial intelligence boom and the risk of a global bond-market sell-off push money away from some of the technology sector’s biggest AI beneficiaries. Shares of Apple rose 2.6% on Tuesday even as technology stocks broadly declined, extending […] The post Apple Emerges as Investors’ Safe Haven as AI Trade Faces Growing Doubts appeared first on Tekedia.

Donald Trump Jr. has positioned himself in an unusually advantageous corner of America’s rapidly expanding prediction-market industry: one where he could benefit regardless of which major platform ultimately emerges as the dominant player. Through his venture firm, 1789 Capital, Trump Jr. is reportedly committing $300 million to Polymarket’s $1 billion financing round, giving the prediction-market […] The post Donald Trump Jr’s Prediction Market Conflict of Interest appeared first on Tekedia.

CNBC’s Jim Cramer is calling on Nvidia to dramatically expand its share-repurchase program, noting that the artificial intelligence chipmaker’s extraordinary growth is not being adequately reflected in its stock price. “I think, from Nvidia’s perspective, there’s nothing more valuable in this market than Nvidia,” Cramer said Monday on CNBC’s “Mad Money.” His argument comes as […] The post Cramer Urges Nvidia to Launch $500bn Buyback as AI Growth Fails to Lift Shares appeared first on Tekedia.

Adobe has acquired India-based marketing intelligence startup Rilo in a deal that combines technology licensing with the acquisition of the startup’s six-member team, giving the software giant additional technology for automating increasingly complex marketing and customer-experience workflows. The financial terms were not disclosed. Adobe confirmed the acquisition but declined to provide further details. The transaction […] The post Adobe Acquires Indian AI Marketing Startup Rilo to Expand Automated Workflow Tools appeared first on Tekedia.

Palo Alto Networks Chief Executive Nikesh Arora said Tuesday that the rapid adoption of artificial intelligence is forcing companies to reconsider roughly $1 trillion of cybersecurity infrastructure built for a pre-AI environment, as automated attacks increasingly operate at speeds that legacy defenses were never designed to handle. “Nothing that was deployed seven or 10 years […] The post Palo Alto Networks Sees $1 Trillion Cybersecurity Upgrade Wave as AI Accelerates Attacks appeared first on Tekedia.

The global economy is entering a period in which geopolitical risk, political instability and monetary tightening are increasingly colliding. Markets already have plenty to worry about, but fresh revelations about Russia’s military assistance to Iran, uncertainty surrounding the US military establishment and a hawkish Federal Reserve are creating a more complicated environment for investors. A […] The post Russia-Iran Missile Cooperation and Hawkish Fed Put Global Markets Under Pressure appeared first on Tekedia.

A sharp split now characterizes the digital asset landscape. Market participants actively compare short-term chart patterns against structural growth trends when evaluating top crypto coins. Projects like Sui Crypto and Worldcoin demonstrate robust fundamental expansion, even as their token valuations undergo temporary consolidation phases.At the same time, alternative protocols draw substantial market attention by launching […] The post BlockDAG Buybacks Go Live, While Sui Crypto & Worldcoin Advance: What You Need to Know appeared first on Tekedia.

Two very different stories are unfolding across the technology landscape, but both reveal the growing influence of digital infrastructure. On one side, X users are facing a fresh wave of phishing and account-takeover attempts. On the other, Dell Technologies is demonstrating how the enormous spending on artificial intelligence is translating into extraordinary demand for hardware. […] The post X Phishing Wave Collides With Dell’s AI-Fueled Earnings Boom appeared first on Tekedia.

The cryptocurrency market is entering another phase in which institutional conviction, new token launches and regulatory battles are increasingly shaping the direction of the industry. Three developments capture this changing landscape: Strategy CEO Phong Le’s commitment to continue acquiring Bitcoin regardless of its price, Ethos Network’s launch of the WHUF token sale, and a Southern […] The post Bitcoin Conviction, WHUF’s Token Sale and a Legal Win for Solana appeared first on Tekedia.

The U.S. Treasury market is sending a warning that investors can no longer afford to ignore. The benchmark 10-year Treasury yield has climbed back above 4.80%, reaching its highest level since early 2025 and moving toward a threshold that could reshape expectations across global financial markets. The move is part of a broader selloff in […] The post 10-Year Treasury Yield Climbs Above 4.80% as Bond Market Anxiety Deepens appeared first on Tekedia.

The artificial intelligence boom is transforming the global economy, but its costs are increasingly extending far beyond the technology industry. Behind every AI chatbot, image generator and automated agent sits a rapidly expanding network of data centers packed with powerful chips. These facilities require enormous amounts of electricity, water, land and construction materials, creating a […] The post How AI Data Centers Are Making Everything More Expensive appeared first on Tekedia.

Robinhood Chain is rapidly becoming one of the most intriguing experiments in the evolving relationship between traditional finance, tokenized assets and crypto speculation. In a striking display of onchain activity, the network generated more fees than major blockchains including Solana, Base and Ethereum during a recent period, while decentralized exchange volume approached or surpassed $1.49 […] The post Robinhood Chain’s Memecoin Surge Signals a New Era for Onchain Trading appeared first on Tekedia.

Artificial intelligence is entering a new phase in which the defining feature is no longer simply how intelligently a model can answer a question, but how effectively it can operate inside an ongoing workflow. Two recent developments capture this transition: Nous Research has brought its Hermes Agent into an official desktop application, while Visko has […] The post AI Moves From Commands to Continuous Interaction appeared first on Tekedia.

The debate over artificial intelligence infrastructure is taking an unexpected turn: the fight over data centers is no longer confined to electricity grids, water consumption, land use, and local politics. It is increasingly becoming a battle over information itself. A recent investigation has raised questions about claims that Chinese-linked bots on X were amplifying anti-data-center […] The post Chinese Bots and the Growing US Data-Center Backlash appeared first on Tekedia.

Elon Musk is once again raising the stakes in the artificial intelligence race, claiming that xAI’s next major model, Grok 4.7, could be released within 10 days and outperform every AI model currently available. The prediction reflects Musk’s increasingly aggressive push to position Grok alongside, and potentially ahead of, the leading systems developed by OpenAI […] The post Elon Musk’s Grok 4.7 Bets on Scale, Data and Real-World Engineering appeared first on Tekedia.

The financial markets are entering another period of heightened uncertainty as Wall Street records its third consecutive losing session, with investors confronting a combination of geopolitical risk, rising energy prices and a potentially more hawkish Federal Reserve. The Dow Jones Industrial Average fell 419 points, while the Nasdaq declined 1%, reflecting growing concern that the […] The post Wall Street Market Sell-Off Amid Stock Market Losing Streak appeared first on Tekedia.

The global financial system entered September under renewed geopolitical pressure as the United States launched fresh strikes against Iranian targets and Iran responded with attacks against American interests across the Middle East. At the same time, the cryptocurrency market lost momentum, with total market capitalization falling by about $50 billion and investor sentiment moving out […] The post US-Iran Conflict Shakes Crypto Market as Bitcoin ETFs See $236M Outflows appeared first on Tekedia.

OpenAI CEO Sam Altman has dismissed concerns over artificial intelligence’s water consumption as a widely repeated “meme,” noting that modern data centers generally use far less water than their public image suggests. Altman addressed the issue during the premiere episode of the Sources podcast with Alex Heath, published Tuesday, as he was asked about the […] The post Altman Calls AI Water-Use Concerns a “Meme” as Data Center Backlash Grows appeared first on Tekedia.

Chinese consumer electronics maker TCL has sued South Korean rival Samsung in a U.S. federal court, accusing it of falsely marketing a new range of televisions as using Mini LED technology when, according to the complaint, the sets are based on conventional LED technology. The lawsuit, filed Monday in Los Angeles federal court, targets Samsung’s […] The post TCL Sues Samsung in U.S. Over Alleged Mislabeling of TVs as Mini LED appeared first on Tekedia.

The artificial intelligence race is entering a more consequential phase as leading laboratories push increasingly capable models toward wider deployment while simultaneously confronting the risks that come with greater autonomy, reasoning ability and cybersecurity competence. Anthropic’s launch of Fable 5.1 for general availability, alongside Mythos 5.1 through trusted access, and OpenAI’s preparation for the release […] The post Anthropic and OpenAI Push AI Into a New Frontier of Capability and Risk appeared first on Tekedia.

California lawmakers have approved legislation that would establish the nation’s first statewide statutory framework governing how lawyers may use generative artificial intelligence in legal practice, placing responsibility for the accuracy and confidentiality of AI-assisted work firmly on attorneys. Both chambers of the California legislature had approved the latest version of Senate Bill 574 as of […] The post California Moves to Set First Statewide Rules for Lawyers Using Generative AI appeared first on Tekedia.