Microsoft said on Friday that a Russian state-sponsored hacking group named Midnight Blizzard was trying to breach its systems again, by using information it stole from the tech giant’s corporate emails in January.
Investors dumped technology stocks at the fastest rate on record and continued to pour money into investment grade bonds and cash equivalents in the week to Wednesday, Bank of America said on Friday, citing data from EPFR.
U.S. electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles.
UnitedHealth Group , the largest U.S. health insurer, is likely to need several months to make a full recovery from a cyberattack that has been one of the most disruptive hacks against America’s healthcare infrastructure, security experts said.
Chip firm Marvell Technology fell 6% on Friday after its soft forecast showed that a jump in orders for its AI networking equipment was offset by the ongoing slump in demand from the wireless and enterprise markets.
France tested Artificial Intelligence-driven video surveillance technology that will be deployed during the Olympic Games at a Depeche Mode concert this week, calling the exercise a success.
Chinese EV maker Xpeng’s affiliate, XPENG AEROHT, said on Friday its flying drone car AeroHT Voyager X2 completed a low-altitude flight in the central business district of the southern city of Guangzhou, the company said in a statement.
China is in the process of raising more than $27 billion for its largest chip fund to date to accelerate the development of cutting-edge technologies to counter a U.S. campaign to thwart its rise, Bloomberg News reported on Friday.
