Enterprise

Apple Lends Globalstar $252m To Aid Satellite-Connected iPhones

SEC filing reveals Apple is lending Globalstar $252m to cover upfront costs of replenishing its low Earth orbit (LEO) satellites

2 years ago

ARM Disappoints UK With Decision To List Only In New York

UK Financial Conduct Authority blamed for 'inflexibility', as ARM owner Softbank opts for US-only public listing

2 years ago

Amazon Closes Acquisition Of Healthcare Provider One Medical

After US authorities refuse to challenge acquisition, Amazon closes its $3.9 billion deal for healthcare provider One Medical

2 years ago

Ransomware Hackers Ask Victims For Cyber Insurance Details

Varonis warns that HardBit ransomware asks victims to share their cyber insurance details, to help achieve their extortion aims

2 years ago

AT&T Looks To Offload Cybersecurity Division – Report

American mobile operator AT&T said to be exploring possible sale of its cybersecurity division, formerly known as Alienvault

2 years ago

China Overhauls Overseas, Domestic IPO Rules

China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown

2 years ago

Avaya Files For Chapter 11 Protection, Again

Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels

2 years ago

Funding Round Values China EV Maker Zeekr At $13bn

Geely electric vehicle brand Zeekr valued at $13bn following latest external funding round, as company prepares for possible IPO

2 years ago

Google Shares Still Down After Bard AI ChatBot Blunder

Shares in Alphabet still down, days after launch of Google's AI powered chatbot was blighted by demo of flawed response

2 years ago

Intel Now Seeks $10 Billion State Aid For German Factory – Report

Chip giant Intel reportedly increases the funding requirement from German government for planned Magdeburg chip factory

2 years ago

UK Watchdog Finds Microsoft’s Activision Deal Could Hurt Gamers

British watchdog CMA becomes first global regulator to conclude Microsoft’s proposed acquisition of Activision is anti-competitive

2 years ago

ARM Boss Committed To Public Listing In 2023

Chief executive Rene Haas says ARM is committed to an initial public offering this year, and plans are “underway now”

2 years ago

Google ‘Invests $300m’ In AI Start-Up Anthropic

OpenAI competitors Anthropic and Cohere raising hundreds of millions as tech giants seek foothold in generative AI sector

2 years ago

Australian Start-Up To Take Over Battery Maker Britishvolt

Australian battery start-up Recharge Industries reaches deal with administrators to take over collapsed UK battery venture Britishvolt

2 years ago

Alphabet Earnings Miss Expectations, As YouTube Declines

Google parent Alphabet has felt the impact of reduced advertising spending, after its latest financials mostly missed Wall Street expectations

2 years ago

Amazon Posts Annual Loss Amid Restructuring

Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses

2 years ago

Apple Disappoints By Missing Wall Street Expectations

Financial results from Apple highlight weakening consumer demand, as it insists iPhone production problems are over

2 years ago

Meta Pleases Investors With ‘Year Of Efficiency’ Pledge

After heavy Metaverse spending in 2022, Mark Zuckerberg points to cost savings in 2023 after big drop in profits in…

2 years ago

UK Government Details Plan To Regulate Crypto, Post FTX

HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'

2 years ago

PayPal To Axe 7 Percent Of Workforce

More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”

2 years ago

Tech Nation To Shut Down After Government Pulls Grant

UK start-up backer Tech Nation to shut down operations after government awards critical grant to Barclays digital incubator

2 years ago

Spotify Beats Estimates, But Losses Soar

Spotify beats analysts' estimates on user and subscriber growth, but podcast investment strategy sees ballooning losses

2 years ago

Recharge Industries Makes Surprise Bid For Britishvolt – Report

Aussie battery startup Recharge Industries reportedly makes non-binding offer for collapsed UK battery firm Britishvolt

2 years ago

Twitter Ad Spending Fell Over 70 Percent In December – Report

New data suggests advertisers continue to shun Elon Musk's Twitter, as another report states there are now just 550 engineers…

2 years ago

UK Watchdog Opens Investigation Of $61bn Broadcom-VMware Buy

After initial review of Broadcom’s $61 billion (£51bn) acquisition of VMware, UK regulator confirms phase 1 investigation

2 years ago

Microsoft Seals Multi-Billion Dollar Deal With OpenAI

Microsoft expands relationship with start-up OpenAI in multi-billion dollar deal, in major bet that AI can transform its offerings

2 years ago

Refurbished versus Remanufactured: What’s the Difference and Why Does it Matter?

Second-hand products have seen a surge in popularity of late as businesses and consumers alike look to save money and…

2 years ago

Musk Says Twitter To Launch Ad-Free Subscription

Elon Musk says Twitter to offer premium subscription tier without advertising, as company seeks new revenue sources

2 years ago

Crypto Lender Genesis Files For Chapter 11

Another victim of the fallout from FTX collapse, as crypto lender Genesis files for Chapter 11 bankruptcy protection

2 years ago

Feds Arrest Russian Founder Of Crypto Exchange Bitzlato

Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes

2 years ago