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Apple Chief Executive Tim Cook has turned his company into a juggernaut on the strength of its integrated “walled garden" of gadgets and services. It’s a strategy that has churned out enormous profits—and yet it’s increasingly a problem for the company. Apple’s hardware business is showing weakness, with sales of some devices leveling off and others declining.

Digital Markets Act (DMA), Apple has announced that it will permit software developers to distribute their applications on Apple devices through alternative app stores. Starting from early March, developers will have the option to provide alternative app stores on iPhones and opt out of utilizing Apple's in-app payment system, which currently imposes commissions of up to 30%. Despite these adjustments, critics argue that Apple's fee structure remains unjust, potentially violating the DMA.

Flipkart. The entrepreneur has resigned from the board of the ecommerce company he cofounded in 2007 with Sachin Bansal, sources said. Binny Bansal, who is now based in Singapore, told the board about his resignation earlier this week, citing a conflict with his new venture in the ecommerce sector. Binny Bansal has set up a new ecommerce startup named OppDoor, ET reported on January 2. Targeted at businesses, the software services platform says it will help emerging ecommerce brands expand globally. The IIT- Delhi alumnus also sits on the board of PhonePe, which too has expanded into ecommerce after separation from ecommerce major.

Tesla is recalling nearly 200,000 vehicles in the U.S. because the backup camera may not display an image

The fourth quarter earnings season gathers momentum next week with some of the biggest names in the world set to report their latest financial results.

(Updated — January 26, 2024 11:42 AM EST)

A report presented at a recent tech conference contain insights that might be beneficial for advisors looking to upgrade their tech stack.

A 40-year-old Russian developer of Trickbot ransomware has been sentenced to a five-year prison term, according to the US Department of Justice (DoJ).

NHTSA) said on Friday. The development comes less than two months after the company recalled nearly all its vehicles in the United States to install new safeguards in its Autopilot advanced driver-assistance system. The rearview malfunction, caused by software instability, might decrease the driver's visibility and increase the risk of a crash, the regulator said. The recall affects the S, Y and X models from 2023, Tesla said. The auto maker has released a free, over-the-air (OTA) software update to address the issue, according to the NHTSA. As of January 22, Tesla had identified 81 warranty claims that may be related to the rearview condition, the regulator added. NHTSA opened its August 2021 probe into Autopilot after identifying more than a dozen crashes in which Tesla vehicles had hit stationary emergency vehicles.

The OnePlus 12 and OnePlus 12R may belong to the same OnePlus 12 series, but apart from sharing the look and design, the two are quite literally like chalk and cheese. They are poles apart and the price difference— ginormous. The OnePlus 12 starts at Rs 64,999. And the OnePlus 12R, at Rs 39,999. Aren’t you a bit curious to know what more do you get by paying Rs 25,000 extra? We know that you are and we’re here to help.

Indian Oil Corporation (IOCL) to implement an IP-based CCTV surveillance system in Telangana and Andhra Pradesh. “IOCL has always been a forward-thinking and innovative company, always a pioneer in the implementation of new and advanced tech into their environment. We are just very proud to be associated with this project,”Arun Gupta, Managing Director of Transline Technologies said.

Perfios Software Solutions Pvt., an Indian technology company backed by Warburg Pincus, is considering an initial public offering that could raise about $500 million in India, according to people familiar with the matter. A potential IPO could value the Bangalore-based company at about $2 billion, the people said, asking not to be identified because the deliberations are private. Perfios is seeking to hire banks to help arrange a share sale that could take place as early as this year, the people said.

fascination with AI advancements. As part of the deal, the Redmond, Washington software giant would supply computing power — such as from one of its data centers in rural Iowa — needed to train the AI models on huge troves of human-written texts and other media. In turn, Microsoft would get exclusive to rights to much of what OpenAI built, enabling the technology to be infused into a variety of Microsoft products.

Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise

Shares of IBM (NYSE:IBM) jumped over 11% Thursday after the enterprise software maker reported better-than-expected earnings per share (EPS) and revenue for Q4.

By Stephen Nellis

MphasiS Ltd. rose 2.55 per cent to Rs 2511.35 in Thursday's trade. It hit an intraday high of Rs 2579.0 and low of Rs 2493.7, respectively, during the day.

Meta piloting gen AI tools for advertisers So, despite the industry-wide layoffs and low economic mood, what gives? We take a look. Software giant Microsoft Corporation achieved a historic market valuation of $3 trillion briefly on January 24, showcasing the profound impact of optimism surrounding artificial intelligence (AI) on its remarkable growth, Bloomberg reported. The company's stock experienced a 1.7 percent surge, reaching $405.63, pushing its market capitalisation just above $3 trillion during market hours.

The Friction Project: How Smart Leaders Make the Right Things Easier and the Wrong Things Harder." Yet in the course of our research, we also learned that the opposite lesson is just as important: The best bosses don’t strive to build entirely frictionless organizations. Instead, they know when and how to help their charges to slow down. In effect, they know what every race-car driver knows: If you want to win, tapping the brakes at the right times is as important as pushing the pedal to the metal.

Tech Mahindra reported a 60.6% year-on-year fall in its net profit for the quarter ended December at Rs 510 crore. The country's fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.

(Reuters) -ServiceNow raised its forecast on annual subscription revenue on Wednesday, as the software firm expects to attract new clients for its generative artificial intelligence (AI) products.