According to an IDC study, spending on computing and storage infrastructure products for cloud deployments, including dedicated and shared IT environments, increased 18.5% year over year in the fourth quarter of 2023 to $31.8 billion.

Google fired an unspecified number of employees from its workforce.

Juniper Research forecasts that the value of global POS (Point-of-Sale) terminal transactions will reach $17 trillion by the end of 2024, and grow by 25% by 2028.

Nokia and SURF, the organization for IT in Dutch education and research, have successfully reached a single carrier 800Gb/s optical transmission over SURF’s existing cross-border, multi-vendor research and education network infrastructure.

A new study from Juniper Research has found that by 2028, embedded finance revenue will increase 148%, from $92 billion in 2024 to $228 billion in 2028.

SK Hynix and TSMC have entered into a partnership to jointly produce the latest generation of high-bandwidth memory (HBM).

Intel has built the world's largest neuromorphic system code-named Hala Point.

New research from IDC shows that applying generative AI to a range of enterprise marketing tasks will result in an estimated productivity increase of more than 40% by 2029.

Foxconn confirmed a shift to a rotating CEO system, with the heads of the company’s six business groups each having a stint in the top position.

In the first quarter of 2024, Nokia had a 20% decline in net sales to €4.7 billion.

Ericsson Nikola Tesla has recently signed new contracts worth €4 million.

Siemens has opened the first building complex of its Technology Center (STC) at Garching Research Campus, north of Munich, Germany.

Global PC shipments grew around 3% YoY in 1Q24 after eight consecutive quarters of declines due to demand slowdown and inventory correction, according to Counterpoint Research.

Large tech companies sent a message to EU authorities to take urgent action and elevate the region in the era of the industrial internet.

According to the IDC study, European security spending will grow by 12.3% in 2024, marking another year of strong momentum with double-digit growth.

The European Data Protection Board pressed large online platforms to give users free options without targeted ads.

Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner.

The CEO of Google’s AI division DeepMind Demis Hassabis expects the company would spend over $100 billion on AI.

In the first quarter of 2024, Ericsson reported sales of SEK53.3 billion ($4.9 billion), a 14.9% YoY drop.