Almost $1bn in taxpayer funds will be poured into a US tech start-up to keep Australia competitive in the fast-moving field to develop quantum computing, an emerging technology that promises to supercharge scientific research. Silicon Valley-based advanced technology firm PsiQuantum, which is attempting to build the world’s first “fault tolerant”Continue Reading
Twitter boss Elon Musk has slashed the company’s paid parental leave policy from 20 weeks to just 14 days, according to Internal company documents. The San Francisco-based social media platform altered its previous policy to “whatever is required by law in the region where the employees work, along with aContinue Reading
Wall Street stocks plummeted on Tuesday, as shares of First Republic Bank were battered after an earnings report that showed it lost a large amount of deposits — reviving worries over the financial sector. Investors have been eyeing the performance of regional lenders since the dramatic failures of Silicon ValleyContinue Reading
Divorce fillings have revealed the former wife of a tech baron has been handed a mind-blowing $US1.3 billion ($A1.92 billion) stake in her ex-husband’s company after their relationship collapsed. According to Bloomberg, Zhou Hongyi – the founder of cybersecurity firm 360 Security Technology Inc, also known as Qihoo 360, andContinue Reading
Companies who experienced “phenomenal growth” during the pandemic – often raking in billions in profit – that are now laying off thousands of employees have been slammed for their “knee jerk reaction”. The latest tech outfit to announce mass sackings was PayPal which is slashing its global headcount by 2000Continue Reading
A Google employee who racked up thousands of views with videos showing off the perks at the tech giant’s swanky offices has tearfully documented being caught up in a mass lay-off. Nicole Tsai, whose role at Google was Partner Services Program Manager, according to her LinkedIn profile, had been vloggingContinue Reading
Workers from one of the biggest tech stores in the world have walked off the job two days before Christmas, and refused to work their rostered shifts on Christmas Eve. Across the country, employees from tech giant Apple have gone on strike, arguing against rostering decisions over the Christmas periodContinue Reading
So much for the “Santa rally”. A mini stocks revival triggered by positive US economic data faltered overnight Thursday, in a rare loss for a time of year that normally delivers good news for traders. Wall Street stocks fell at the open of trading, with more positive economic data promptingContinue Reading
Drops in demand in the tech industry and decreased hiring prospects have led to fears Sydney’s office vacancy rate could increase to 20 per cent by 2026. Analysts from the Macquarie Group used survey results from more than 129 recruiters to measure sentiment on whether employers were looking to expandContinue Reading