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Comprehensive coverage and timeline for Driven Tech. Aggregated from 7 sources with 8 articles.
8 articles · 7 sources · Coverage since 5/12/2026
How Driven Tech coverage has developed over time.
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• South Korea's Kospi index experienced a record 17% surge, driven by a powerful rally in AI-related technology stocks. • Major chipmakers led the growth, with SK Hynix and Samsung Electronics both jumping over 23%, while Taiwan Semiconductor Manufacturing Co. rose 10%. • These three companies served as the primary contributors to the gains seen across the MSCI Asia Pacific equities index.
moneycontrol.com
Image: Fortune• The European Union has sanctioned nine individuals and four entities linked to "Centre 16," a unit within Russia's Federal Security Service (FSB) that directs the Turla hacking group. • These sanctions, which include asset freezes and travel bans, target intelligence officers and cybercriminals who conducted malicious activities against European governments, industry, and infrastructure. • Simultaneously, the United Kingdom announced its own set of sanctions on Monday, targeting 24 individuals and entities with ties to Russian intelligence.
fortune.com• South Korea's KOSPI index triggered a circuit breaker as a significant selloff in AI-driven technology stocks swept across Asian markets. • Key industry players were impacted, with Taiwan Semiconductor Manufacturing slipping about 2% and Foxconn Technology Co Ltd easing roughly 1.6%. • The volatility follows preliminary earnings from Samsung Electronics, which failed to convince investors that memory-chip profits can sustain the massive capital spending required for AI.
investing.com
Image: Insurance Journal• Microsoft is cutting approximately 4,800 jobs, representing about 2.1% of its total workforce. • The layoffs are part of a broader trend across the tech industry as companies shift priorities and resources. • These cuts come as the company increases its financial investment and spending heavily on artificial intelligence (AI) development.
insurancejournal.com• Microsoft is cutting approximately 4,800 jobs, representing about 2.1% of its total workforce. • The layoffs are driven by a strategic shift to invest heavily in artificial intelligence (AI) infrastructure and improve operational efficiency. • This move follows a broader trend of tech industry layoffs as companies pivot their resources toward AI development.
business-standard.com• Microsoft has announced the layoff of 4,800 employees, joining a broader wave of job cuts across the technology sector driven by the shift toward artificial intelligence. • The move comes as Big Tech companies face immense financial pressure, with total AI investments projected to exceed $700 billion this year. • These cuts are intended to offset the rising costs of implementing AI across business operations and to satisfy investor demands for tangible returns on massive technology outlays.
investing.com• LTM has issued an offer to acquire Randstad’s Technology and Consulting Services business across Australia, France, Germany, Belgium, and Luxembourg. • The proposed acquisition targets a business segment representing over USD 500 million (€469M) in annual revenue. • This strategic move aims to scale LTM's AI services and domain-driven solutions, specifically expanding its footprint in the Automotive, Utilities, BFS, and Aerospace & Defence sectors.
businesswire.com
Image: BWFA• U.S. stocks surged last week with the S&P 500 and NASDAQ reaching new record highs, supported by stronger-than-expected April jobs data and solid tech earnings. • The S&P 500 climbed 10.42% in April to close at a record 7,209.01, while the Nasdaq 100 rallied 15.64% and Dow gained 7.14%, led by mega-cap tech and AI enthusiasm. • Employment growth exceeded forecasts in April with unemployment steady at 4.3%, while Q1 earnings for the Magnificent Seven are projected to grow 45.7% year-over-year.
bwfa.com