Adobe Announces $25 Billion Buyback as It Moves to Reassure Investors on AI Strategy
Adobe unveiled a $25 billion share buyback program as it seeks to boost investor confidence while expanding its AI-driven product suite.
Big Tech & Innovation - Page 14
Follow the breakthroughs and disruptions driving the technology industry. From artificial intelligence and advanced chips to new digital platforms and corporate strategies, this section covers how leading tech companies innovate and shape the future of business. We highlight major product launches, research advances and market moves to give readers a clear view of where technology and commerce intersect.
Latest Big Tech & Innovation News
Apple Names John Ternus as CEO, Tim Cook to Become Executive Chairman
Apple will appoint hardware chief John Ternus as CEO, with Tim Cook transitioning to executive chairman, marking a major leadership shift at the tech giant.
Kering Targets Profit Growth as It Unveils Gucci Turnaround Plan
Kering outlined an ambitious plan to revive Gucci and double profits, aiming to restore growth after a prolonged slowdown in its flagship brand.
Snap to Cut 16% of Workforce, Targeting $500 Million Savings Amid AI Push
Snap will lay off about 1,000 employees, or 16% of its workforce, as part of a cost-cutting plan tied to AI-driven efficiency and profitability goals.
Novo Nordisk Partners With OpenAI to Accelerate AI-Driven Drug Discovery
Novo Nordisk has partnered with OpenAI to enhance its drug discovery efforts using advanced AI tools, aiming to accelerate identification of new treatments.
Blue Origin Develops Technology to Extract Oxygen From Lunar Soil
Blue Origin has developed a system to extract oxygen from lunar soil, a breakthrough that could support future Moon bases. The technology also produces usable metals...
Elon Musk to Launch XChat Messaging App With Encrypted Features
Elon Musk is set to launch XChat on April 17, introducing an encrypted messaging platform integrated with X. The app will include calls, file sharing, and...
Alibaba Reveals It Built Viral AI Video Model Leading Global Rankings
Alibaba confirmed it is behind a viral AI video model topping global leaderboards. The reveal highlights its growing role in the AI race.
OpenAI Secures $122 Billion Funding Round Ahead of Potential IPO
OpenAI has raised $122 billion in a record-breaking funding round to accelerate AI development. The deal comes as expectations grow for a future public offering.
Apple Co-Founder Ron Wayne Claims He Still Owns 10% Stake
Apple’s third co-founder Ron Wayne says he still owns a 10% stake in the company despite exiting shortly after its founding. The claim has reignited debate...
Eli Lilly Strikes Up to $2.75 Billion AI Drug Deal With Insilico Medicine
Eli Lilly will pay up to $2.75 billion to bring AI-developed drugs from Insilico Medicine to market. The deal highlights growing momentum in AI-driven drug discovery.
OpenAI Shuts Down Sora Video Model Amid Soaring AI Costs
OpenAI is shutting down its Sora video generation model, citing undisclosed reasons. Reports suggest the product may have been costing up to $15 million per day...