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Tag: Tech

Intel's ex-CEO Pat Gelsinger to receive $10M severance package
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Intel’s ex-CEO Pat Gelsinger to receive $10M severance package

Pat Gelsinger, who recently stepped down as CEO of Intel, is set to walk away with a severance package worth over $10 million. According to a filing with the Securities and Exchange Commission (SEC), Gelsinger’s departure includes a retirement and separation agreement that will provide him with several payouts. Gelsinger will receive 18 months of […]

Intel CEO Pat Gelsinger retires, company appoints interim Co-CEOs
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Intel CEO Pat Gelsinger retires, company appoints interim Co-CEOs

Intel has announced the retirement of CEO Pat Gelsinger, effective December 1, 2024. Gelsinger has stepped down from his role as CEO and also resigned from the company’s board of directors. In the wake of his departure, Intel executives David Zinsner, the company’s Chief Financial Officer, and Michelle Johnston Holthaus, General Manager of the Client […]

Spotify launches 'Concerts Near You' playlist for event discovery
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Spotify launches new tools for audiobook authors, publishers

Spotify has introduced a new set of tools aimed at authors and publishers distributing their audiobooks on its platform with the launch of Spotify for Authors. The new service, similar to the company’s existing tools for artists and creators, provides audiobook creators with detailed insights and analytics on their content’s performance. Spotify for Authors will […]

Dropbox to axe 528 employees
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Dropbox to axe 528 employees

Cloud storage platform, Dropbox has announced it will lay off 528 employees, or 20% of its global staff, marking the second substantial round of layoffs in less than two years. The Chief Executive Officer Drew Houston detailed the decision in a recent blog post, attributing the cuts to ongoing challenges in the market and internal […]

IBM to invest $150bn in US amid push for domestic manufacturing
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IBM launches new AI models to capitalize on growing demand

IBM has unveiled the latest version of its artificial intelligence model, “Granite 3.0,” aiming to meet the increasing demand from businesses adopting generative AI technology. Released on Monday, these models will be made open-source, following the trend established by previous versions in IBM’s Granite family, and distinguishing the company from competitors like Microsoft (MSFT.O), which […]

Pinterest launches AI tools for advertisers to boost engagement
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Pinterest launches AI tools for advertisers to boost engagement

Pinterest has joined the growing list of tech companies offering generative AI tools to advertisers, following similar moves by Google, Amazon, and others. At its Pinterest Presents event on Tuesday, the company unveiled new features for its Pinterest Performance+ suite, including automation and AI capabilities aimed at enhancing product advertising on the platform. The most […]

Seven African inventors you should know
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Seven African inventors you should know

In recent years, African inventors have developed groundbreaking solutions addressing some of the continent’s most pressing challenges. Their innovations have not only transformed local communities but have also gained international recognition, demonstrating Africa’s ingenuity on the global stage. 1. Ludwick Marishane (South Africa) invented the DryBath, a gel designed to remove odor and bacteria without […]

Sony unveils advanced PlayStation 5 Pro
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Sony unveils advanced PlayStation 5 Pro

Sony has unveiled the PlayStation 5 Pro, an advanced iteration of its flagship gaming console, set to launch on November 7 with a price tag of $699.99. This new version promises enhanced graphics and performance, offering a significant upgrade for enthusiasts seeking the best gaming experience. The PlayStation 5 Pro will come without a disc […]

WeTransfer to cut 75% of workforce after Italian acquisition
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WeTransfer to cut 75% of workforce after Italian acquisition

Italian app developer Bending Spoons will lay off 75% of the staff at file-sharing platform WeTransfer, CEO Luca Ferrari announced on Sunday. In a statement to Reuters, Ferrari said, “I won’t be more specific at this stage because the layoff hasn’t been fully defined yet.” Bending Spoons acquired WeTransfer in July, marking its fifth acquisition […]

Tech giant Cisco to fire 4,000 employees, says report
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Tech giant Cisco to fire 4,000 employees, says report

Cisco Systems is set to announce a new wave of layoffs, potentially affecting a number similar to or greater than the 4,000 employees it let go earlier this year. This move is part of Cisco’s strategy to focus on higher-growth sectors like cybersecurity and AI, as it faces challenges with sluggish demand and supply chain […]

Match Group cuts 6% workforce, discontinues livestreaming on dating apps
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Match Group cuts 6% workforce, discontinues livestreaming on dating apps

Match Group announced on Tuesday that it is discontinuing its livestreaming services across its dating apps, resulting in a 6% reduction in its workforce. This decision was revealed in the company’s second-quarter earnings report. The livestreaming features, known as “Live!” on Plenty of Fish and BLK, were introduced in 2020 as a response to the […]

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