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Technology Roundup

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Meta's Facebook, Instagram to charge Apple service fee for posts 'boosted' via iOS apps

Meta Platforms said on Thursday that businesses purchasing a "boost" for their posts on the iOS versions of its social media apps Facebook and Instagram would need to pay an extra 30% service charge to app store operator Apple.

Google touts AI to vet troves of content in seconds; CEO predicts profit

Reading "War and Peace," Leo Tolstoy's monumental novel that runs half a million words long and often over 1,000 pages, might be a minute-long affair for a new artificial intelligence model from Google .

Barcode scanner maker Zebra sees smaller-than-expected drop in Q1 sales

Barcode scanner maker Zebra Technologies projected a smaller-than-expected drop in first-quarter net sales on Thursday, a sign of stabilizing demand for its products as customers continue to clear existing inventory.

AI computing firm Lambda raises $320 million in fresh funding

Lambda, an artificial intelligence computing firm, said on Thursday it has raised $320 million in a new funding round led by billionaire Thomas Tull's US Innovative Technology to expand its AI cloud business.

Cisco's AI push in focus as shares fall on tepid networking gear demand

Cisco Systems fell more than 3% on Thursday after the networking equipment maker reduced its annual revenue forecast and rolled out job cuts as it battles sluggish demand from telcos and cable service providers.

Waymo recalls 444 self-driving vehicles over software error

Alphabet's Waymo unit has recalled 444 self-driving vehicles after two minor collisions in quick succession in Arizona because a software error could result in them inaccurately predicting the movement of a towed vehicle.

AI adoption bets drive EPAM revenue forecast above estimates

EPAM Systems forecast first-quarter revenue above analysts' expectations and beat quarterly results estimates on Thursday, helped by strong demand for its software services as more businesses invest in deploying AI-linked applications.

Temenos shares plunge nearly 35% on Hindenburg short position

Temenos shares tumbled nearly 35% on Thursday, putting them on course for their biggest one-day drop in 23 years after Hindenburg Research said it had taken a short position in the Swiss software firm and alleged accounting irregularities in a report published on Thursday.

Nokia and Dell agree partnership on private 5G, cloud networks

Nokia and Dell Technologies have agreed a partnership to help deploy so-called private 5G networks and adapt networks to the cloud, they said in a joint statement on Thursday.

Italian app developer Bending Spoons valued $2.55 bln after $155 mln capital hike

Italian app developer Bending Spoons raised $155 million through its latest capital increase, taking the company's valuation to $2.55 billion, it said on Thursday.

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