Enterprise

Northvolt Appoints Restructuring Expert For Main Battery Plant

Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries

17 hours ago

CMA Halts Google Anthropic Investigation

British competition watchdog decides Alphabet's partnership with AI startup Anthropic does not qualify for investigation

19 hours ago

Perplexity Adds Shopping Features To AI Search

Perplexity adds shopping features to generative AI-powered search as it faces more direct competition from OpenAI's ChatGPT

2 days ago

Trump Social Media Company In Talks To Buy Crypto Firm Bakkt

Donald Trump social media company in advanced talks to buy Bakkt, a crypto trading platform owned by NYSE parent, FT…

2 days ago

Battery Maker Northvolt Misses Production Targets

Northvolt has reportedly missed internal EV battery production targets since September, reduces production at main plant

2 days ago

SpaceX Prepares Tender Offer At $250bn Valuation

SpaceX to begin tender offer in December valuing company at $210bn, as Elon Musk's xAI raises $5bn at $45bn valuation

3 days ago

Northvolt Mulls US Bankruptcy Protection – Report

Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option

6 days ago

Programmer Sentenced To Five Years In Prison For Bitcoin Laundering

Ilya Lichtenstein sentenced to five years in prison for hacking into a virtual currency exchange Bitfinex and stealing 119,000 Bitcoin

6 days ago

VW, Rivian Launch Joint Venture, As Investment Rises To $5.8 Billion

Volkswagen and Rivian officially launch their joint venture, as German car giant ups investment to $5.8 billion, depending on certain…

7 days ago

Meta Must Face Antitrust Trial Over Instagram, WhatsApp Purchases

Legal issues continue for Meta, after US judge rules it must face trial over FTC's antitrust concerns about Instagram, WhatsApp

1 week ago

Bitcoin Surges To Above $93,000 For First Time

Bitcoin price reaches new record, amid hope that incoming Trump administration will implement crypto-friendly policies

1 week ago

Nvidia Market Value Surges Above $3.6tn

Investor optimism following Donald Trump re-election win pushes Nvidia to record high, adds 30 percent to Tesla stock price

1 week ago

Amazon Mulls New Multi-Billion Dollar Investment In Anthropic – Report

Amazon is reportedly in talks to pump billions of dollars more into AI start-up Anthropic, but with one condition

2 weeks ago

FTX’s Caroline Ellison Begins Her Two Year Prison Sentence

Star witness for the US prosecution of FTX founder Sam Bankman-Fried, has begun her two year prison sentence this week

2 weeks ago

UK Orders Chinese Entity To Sell Stake In Scottish Chip Firm FTDI

Chinese owner of Scottish fabless semiconductor firm FTDI ordered to sell majority stake, due to national security risks

2 weeks ago

Watchdog Says Vodafone, Three Merger Could Proceed With Certain Remedies

British competition regulator provisionally finds Vodafone, CMA merger can proceed, if 'remedies' on pricing and 5G rollout are made

2 weeks ago

James Dyson Says ‘Spiteful’ Budget Will Kill Start-Ups

James Dyson delivers most high-profile criticism so far of Labour's first Budget that raises £40bn in taxes, largely from businesses

2 weeks ago

Nvidia To Replace Intel On Dow Jones Industrial Average

Nvidia to replace Intel this week on Dow Jones Industrial Average after years of turmoil and missing out on the…

2 weeks ago

Apple Sales Rise 6 Percent After Early iPhone 16 Demand

Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits

3 weeks ago

Autumn Budget Hikes Business Taxes, Seeks Growth

First Labour Budget in 15 years includes increased payouts from businesses and capital gains, as government looks to promote growth

3 weeks ago

White House Finalises China Tech Investment Curbs

Administration publishes final restrictions on US investment into Chinese tech sectors including AI, chips, quantum computing

3 weeks ago

Latest Funding Round Values Start-Up Sierra AI At $4.5bn

Start-up Sierra AI, co-founded by former Salesforce co-chief Bret Taylor, sees valuation more than quadruple in new funding round

3 weeks ago

Nvidia Surpasses Apple As World’s Most Valuable Company

Stock rally takes Nvidia once again to top of list as world's most valuable listed company, amist continued AI data…

3 weeks ago

TSMC Arizona Chip Plant Yields 4 Percent Higher Than Taiwan

TSMC says production yields at delayed plant in Arizona are 4 percent higher than comparable factories in Taiwan, in boost…

3 weeks ago

Shein Profits Drop 70 Percent

Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it…

3 weeks ago

Intel To Invest More Than $28 Billion In Ohio Chip Factories – Report

Troubled chip giant Intel will invest more than $28 billion to construct two new chip factories in Ohio, to take…

4 weeks ago

CMA Begins Probe Into Alphabet Partnership With Anthropic

UK competition regulator begins phase one investigation into Alphabet's partnership with AI startup Anthropic

4 weeks ago

Nigerian Court Orders Release Of Binance Executive

After charges are dropped, Nigerian court orders the release of Binance executive Tigran Gambaryan who is poor health

4 weeks ago

Sophos Expands Cybersecurity With $860m Secureworks Purchase

Second time Secureworks is acquired, after UK's Sophos says it will buy the US cybersecurity firm for $859m (£662m) in…

4 weeks ago