UnitedHealth Group recently announced that they expect to restore Change Healthcare’s systems by mid-March following a ransomware attack that disrupted operations in the U.S healthcare system. This attack was discovered on February 21st when a cyber threat actor breached part of Change Healthcare’s information technology network. As a response, UnitedHealth isolated and disconnected the affected
Enterprise
House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, have taken a bold step by sending a letter to SpaceX, demanding transparency from the defense contractor. This action comes in response to reports of potentially illegal purchases and use of Starlink satellite internet equipment by Russia in occupied territories of Ukraine. The move also includes
Over the past year, Asia-Pacific’s tech sector has experienced significant growth, largely driven by the semiconductor boom. While many industries have struggled amidst global macro uncertainty, the tech sector has shown resilience and continued expansion. According to JPMorgan’s chief economist, Bruce Kasman, the tech sector in the region has been recovering, leading to a relatively
Sea Limited, a prominent tech company in Southeast Asia, announced its first profitable year in 2023. This marked a significant turnaround for the company, considering it had previously experienced substantial losses. The net income for the year amounted to $162.7 million, a stark contrast to the $1.7 billion net loss incurred in 2022. However, the
The European Commission recently imposed a hefty 1.8 billion euro fine on Apple for abusing its dominant position in the market for music streaming apps. This antitrust violation stems from Apple’s alleged restrictions on app developers, preventing them from informing iOS users about alternative and cheaper music subscription services outside of the app store. Violation
Waymo, a unit of Alphabet, has received approval from the California Public Utilities Commission to expand its robotaxi services to parts of Los Angeles and the Bay Area. The approval granted Waymo the permission to begin fared driverless passenger service operations in specific areas, as announced on the regulator’s website. In mid-February, Waymo submitted a
Elon Musk recently filed a lawsuit against Microsoft-backed OpenAI and its CEO, Sam Altman, claiming that the company has strayed away from its initial mission of developing artificial intelligence for the benefit of humanity. Musk, a co-founder of OpenAI in 2015, decided to step down from the board in 2018 due to his concerns about
Semiconductor firms like Taiwan Semiconductor Manufacturing Company (TSMC) are facing a looming risk of water shortages due to the advancement in processing technology. The chip manufacturing industry, driven by companies like TSMC, plays a vital role in producing semiconductor chips that power everyday consumer devices such as smartphones and TVs. As these companies strive to
Honor, a Chinese technology firm, is set to break into the vertical-folding smartphone market with the launch of a foldable flip phone. This move is part of Honor’s strategy to challenge major players like Samsung and Apple in the premium segment of the market. The CEO of Honor, George Zhao, recently revealed this development in
Samsung Electronics recently announced a groundbreaking development in the semiconductor industry with the introduction of a new high-bandwidth memory chip. This new chip, known as HBM3E 12H, is touted as having the “highest capacity to date” in the market, marking a significant advancement in memory technology. According to Yongcheol Bae, executive vice president of memory