TECHNOLOGY

Ukrainian sentenced to 13 years in US prison for role in REvil ransomware attacks

13 Years In US Prison For Ukrainian REvil Hacker

A Ukrainian man was sentenced to more than 13 years in prison in Texas on Wednesday for his role in ransomware attacks by the notorious Russia-based REvil hacking group, the US Justice Department said.
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The appetite for short-form video online is expected to remain strong even if TikTok is banned in the United States, boding well for rival platforms

TikTok Creators Fear Economic Blow Of US Ban

Ayman Chaudhary turned her love for reading into a living on TikTok, posting video snippets about books like those banned in schools in ultra-conservative parts of the United States.
US and other Western officials have voiced alarm over the popularity of TikTok with young people, alleging it allows Beijing to collect data and spy on users

TikTok To Fight US Ban Law In Courts

TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government.
ASML employs around 42,000 in the world

China, Future HQ: New ASML Boss Faces Bulging In-tray

Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground.
TikTok says a ban on the app would violate freedom of expression

Bill To Ban TikTok In US Moves Ahead In Congress

The US House of Representatives approved a bill Saturday that would force the wildly popular social media app TikTok to divest from its Chinese parent company ByteDance or be shut out of the American market.
Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon wafers

Taiwan Chip Giant TSMC's Profits Surge On AI Demand

Taiwanese semiconductor giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024, buoyed by global demand for its microchips used to power everything from mobile phones to AI technology.
Indian media reports suggest Musk's trip will begin as soon as Sunday and last two days

Tesla, Starlink Entry On Agenda When Musk Heads To India

Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations.
ASML saw a decline in net profits and bookings

ASML Profits Down Amid China Chip Spat

Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, on Wednesday reported a drop in net profits and orders amid a high-tech trade spat between China and the West.
Al Reem Island, Abu Dhabi

ADHA Launches Integrated Edition Of 'ISKAN Abu Dhabi' Smart App

Abu Dhabi citizens get a wide range of housing services under the "ISKAN Abu Dhabi" app including housing loans, housing grants, exchange locations of land and houses, and residential land purchases. The smart app helps process not only new requests for services but also track existing requests.
The announcement coincides with Japanese Prime Minister Fumio Kishida's visit to Washington, underscoring Tokyo's commitment to becoming a major AI power

Microsoft To Invest $2.9 Bn In Japan AI Push

Microsoft on Tuesday announced a $2.9 billion investment over the next two years in Japan to bolster the country's push into artificial intelligence and strengthen its cyber defences in the face of threats from China and Russia.
Around 41 percent of executives in leading economies say they will employ fewer people within five years due to AI

AI A 'Game Changer' But Company Execs Not Ready: Survey

A majority of corporate executives across leading economies believe artificial intelligence will be a "game changer" for their industry but admit their leadership teams lack the knowledge to understand AI's risks and rewards, a study showed Friday.

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