IT Industry Weekly Review: AI Acceleration, Legal Battles, and Market Shifts Dominate (Week Ending May 2, 2025)
The week ending May 2, 2025, witnessed a convergence of powerful forces reshaping the Information Technology (IT) landscape. Artificial intelligence (AI) continued its relentless advance, influencing corporate strategies from cloud computing to cybersecurity. Simultaneously, Big Tech firms faced significant legal and regulatory challenges, particularly concerning app store dominance and antitrust scrutiny. The cybersecurity sector grappled with escalating threats and showcased new defence strategies at the prominent RSA Conference. Market dynamics were further stirred by mixed earnings reports from industry giants, set against a backdrop of ongoing geopolitical tensions, notably US-China trade relations and their potential impact on tariffs.