The tech industry refers to the sector of the economy focused on the development, manufacturing, and distribution of technology-based goods and services. This includes a wide range of companies and organizations that produce hardware (such as computers, smartphones, and other electronic devices), software (applications, operating systems, and programs), and various forms of digital content (such as websites and multimedia products).
The tech industry is characterized by rapid innovation, high growth potential, and significant investment in research and development. It encompasses various subsectors, including information technology (IT), telecommunications, electronics, artificial intelligence, and biotechnology. With the increasing reliance on technology across all aspects of life, the tech industry plays a crucial role in shaping economies and societies globally. It is often associated with emerging technologies and trends like cloud computing, big data, Internet of Things (IoT), and cybersecurity. The industry’s impact extends beyond economic metrics, influencing cultural and social dynamics, communication, and the way businesses operate. Overall, the tech industry is pivotal in driving advancements and transformations in the modern world.
NHK is seeking ¥54.7 billion in damages from IBM Japan in a legal dispute. The lawsuit follows a contract aimed at overhauling NHK's operations, originally due by March 2027. IBM…