Tag #Tech Industry

Showing 133 to 138 of 138 results

theguardian.com

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Dec 8, 16:08

Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring

Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.

Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring

Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.

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What were the immediate consequences of Meta's cost-cutting measures in the UK, and what is their global significance?

Facebook's UK branch cut 700 jobs (10% of its workforce) in 2023, costing £79m, as part of a global cost-cutting measure following a revenue decline. This resulted in a reduced UK tax bill to 12% of pre-tax profits. The cuts disproportionately affected sales, administration, and marketing teams.

dailymail.co.uk

🌐 85% Global Worthiness

Dec 5, 13:08

Meta Goes Nuclear to Power AI Data Centers

Meta plans to add 1-4 gigawatts of new nuclear generation capacity in the US by the early 2030s to power its AI data centers, following similar moves by Google and Amazon, driven by the need for reliable, clean energy and decarbonization goals.

Meta Goes Nuclear to Power AI Data Centers

Meta plans to add 1-4 gigawatts of new nuclear generation capacity in the US by the early 2030s to power its AI data centers, following similar moves by Google and Amazon, driven by the need for reliable, clean energy and decarbonization goals.

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What is Meta's plan to address the massive energy needs of its AI infrastructure and what are the projected environmental benefits?

Meta seeks proposals from nuclear power developers to supply its AI data centers with energy, aiming to add 1-4 gigawatts of new nuclear generation capacity in the US starting in the early 2030s. This move is driven by the massive energy needs of Meta's AI infrastructure and a commitment to decarbonization.

kathimerini.gr

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Dec 5, 22:09

Global Billionaire Wealth More Than Doubles in a Decade

A UBS study reveals that global billionaire wealth more than doubled between 2015 and 2024, reaching \$14 trillion, significantly outpacing global market growth and driven largely by the technology sector.

Global Billionaire Wealth More Than Doubles in a Decade

A UBS study reveals that global billionaire wealth more than doubled between 2015 and 2024, reaching \$14 trillion, significantly outpacing global market growth and driven largely by the technology sector.

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What are the potential future trends and underlying factors that may influence the distribution of billionaire wealth in the coming years?

While the technology sector fueled much of this growth, regional disparities exist. The slowdown in growth for European billionaires after 2020, and the decline in Chinese billionaire wealth suggest that future growth may be less evenly distributed. The real estate sector experienced the largest decrease in value among the sectors analyzed.

cincodias.elpais.com

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Dec 5, 10:08

2024 Stock Market: Index Success Amidst Individual Stock Struggles

The 2024 stock market saw the S&P 500 rise almost 30%, reaching near 50 record highs, while individual stocks like Intel, Estée Lauder, Bayer, Boeing, and Nike experienced significant losses due to competition, market shifts, and internal challenges.

2024 Stock Market: Index Success Amidst Individual Stock Struggles

The 2024 stock market saw the S&P 500 rise almost 30%, reaching near 50 record highs, while individual stocks like Intel, Estée Lauder, Bayer, Boeing, and Nike experienced significant losses due to competition, market shifts, and internal challenges.

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What were the key factors contributing to the significant divergence in performance between major stock indices and individual company stocks in 2024?

The S&P 500 surged almost 30% in 2024, hitting nearly 50 record highs. Most major indices also performed well, but some, like the French CAC 40 and South Korean Kospi, underperformed due to political instability. Individual stock performance varied significantly, with some major companies experiencing substantial losses.

gr.euronews.com

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Dec 5, 21:05

Global Billionaire Wealth More Than Doubles, Tech Sector Drives Surge

Between 2015 and 2024, global billionaire wealth more than doubled to $14 trillion, significantly outpacing market growth; this surge was largely driven by the technology sector, whose wealth tripled to $2.4 trillion.

Global Billionaire Wealth More Than Doubles, Tech Sector Drives Surge

Between 2015 and 2024, global billionaire wealth more than doubled to $14 trillion, significantly outpacing market growth; this surge was largely driven by the technology sector, whose wealth tripled to $2.4 trillion.

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How did the wealth of billionaires globally change between 2015 and 2024, and what sectors contributed most significantly to this change?

Between 2015 and 2024, the total wealth of billionaires globally more than doubled, reaching $14 trillion from $6.3 trillion. This surge, exceeding the 73% growth of the MSCI AC World index, was primarily driven by the tech sector, whose billionaires saw their wealth triple during this period.

votreargent.lexpress.fr

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Nov 21, 13:03

Silicon Valley's Republican Shift and the 2024 Election

This article analyzes the surprising shift in Silicon Valley's political alignment from predominantly Democrat to Republican, highlighting the role of key figures and the impact on the 2024 US presidential election.

Silicon Valley's Republican Shift and the 2024 Election

This article analyzes the surprising shift in Silicon Valley's political alignment from predominantly Democrat to Republican, highlighting the role of key figures and the impact on the 2024 US presidential election.

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How did this political shift influence the outcome of the 2024 US presidential election?

Prominent figures like Elon Musk and Peter Thiel, along with significant investments from the tech sector, significantly contributed to Donald Trump's victory.

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