Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

man south africa crime fraud railways

Man who landed chief railway engineer job using fake CV is sentenced to 15 years

An elaborate lie gets derailed
In brief: A South African man who pulled off one of the biggest qualification-fraud cases in recent memory has finally been sentenced to 15 years behind bars. Daniel Mthimkhulu's con job allowed him to climb the ranks at the state-owned Passenger Rail Agency of South Africa (Prasa), eventually becoming their chief engineer while earning a cool $156,000 per year salary - not bad at all for a person whose highest educational attainment was high school.
intel dow jones stock market chipmakers

Intel's poor stock performance could lead to its removal from the Dow Jones

The chipmaker can't seem to catch a break this year
What a downfall: Back in the late 90s, Intel and Microsoft were the first major tech players to join the elite Dow Jones Industrial Average club. It was the heyday of the PC revolution that these two giants had largely ushered in. But the tides have turned over the last couple of decades. While Microsoft has soared to become the world's second-biggest company thanks to its booming cloud and AI businesses, Intel has been struggling.
nvidia dotcom valuation stock market

Nvidia's record $279 billion loss in market value highlights fears of AI bubble collapse

Is the writing on the wall?
Listen for the pop: Nvidia has achieved several records recently, thanks to its dominance of the advanced AI hardware market, but this is one it doesn't want: Team Green just saw around $279 billion wiped off its market cap, the largest one-day drop in US history. Other companies in the tech industry also saw their share prices fall following the publication of weak economic data. The turmoil appears to be an indicator that the AI bubble might be starting to burst.
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