Enterprise

China Touts ‘Significant’ Advances In Chipmaking Tools

China's technology ministry says two upcoming chip manufacturing tools made 'significant breakthroughs', but still lag cutting edge

2 months ago

CMA Cites Higher Prices Post Vodafone, Three Merger, Demands Changes

The British competition regulator has provisionally found competition concerns over Vodafone’s planned merger with Three in the UK. Following an…

2 months ago

OpenAI Valued At $150Bn In Funding Talks – Report

More cash required. Latest funding talks with investors reportedly values AI startup OpenAI at $150 billion

2 months ago

Former Girlfriend of FTX’s Bankman-Fried Seeks To Avoid Prison

Ahead of her sentencing later this month, former cryptocurrency executive Caroline Ellison, asks judge to spare her from prison

2 months ago

China Accused Of Poaching Talent Amidst Chip Plant Drive

Taiwan accuses mainland China of poaching chip talent, secrets amidst frenzied pending on chip equipment, factory construction

3 months ago

Nvidia Invests In Japan Start-Up Sakana AI

AI chip giant Nvidia invests in start-up Sakana AI in funding round that takes company to over $1bn valuation

3 months ago

Nvidia Market Value Hit By Historic Single-Day Drop

Nvidia market value sees biggest single-day decline on record for a US company, as investors pull back from AI speculation

3 months ago

Intel ‘May Be Removed’ From Dow Index

Intel likely to be removed from Dow Jones Industrial Average amidst ongoing turnaround challenges, report finds, as stock takes another…

3 months ago

TikTok Parent ByteDance Seeks $9.5bn In Loans

TikTok parent ByteDance seeks landmark $9.5bn in bank loans to refinance existing facility and fund operating expenses amidst expansion

3 months ago

Intel Considers Selling Altera, Splitting Fab Business

Turnaround plan from Intel chief Pat Gelsinger and key executives may include selling off product units or splitting company

3 months ago

China GPU Start-Up Dissolves, Lays Off Staff

Chinese start-up that aimed to develop high-performance GPU designs to compete with Nvidia lays off all staff, dissolves

3 months ago

Apple, Nvidia In Talks To Join OpenAI Funding Round – Report

Big names in AI funding. Apple, Nvidia reportedly in talks to join a funding round in ChatGPT maker OpenAI

3 months ago

Intel To Present Board With Strategic Options – Report

Troubled chip giant Intel is reportedly working with bankers and other advisors to present strategic options to board of directors

3 months ago

Intel Questioned By US Senator Over Job Cuts After $20bn Grant, Loans

Intel CEO questioned by republican senator on 15,000 job cuts, after chip giant being awarded $20bn US grant

3 months ago

Shares In Nvidia Fall, Despite Record Profits, Sales

Nvidia announces $50 billion stock buyback after impressive Q2 financials, but shares slip despite strong demand for AI chips

3 months ago

Nasdaq Seeks Permission For Bitcoin Index Listing Option

SEC approval being sought by Nasdaq to launch and trade options on a bitcoin index, after similar move by NYSE

3 months ago

Revolut Valued At $45 Billion, More Than Barclays, NatWest

Secondary share sale sees UK's Revolut now worth more than Barclays, NatWest and other large European banks

3 months ago

Cisco Confirms Second Round Of Major Job Cuts In 2024

Second round of layoffs in 2024, as Cisco confirms it will axe a further 7 percent of its workforce or…

3 months ago

India’s Bharti Global To Acquire 24.5 Percent Of BT

Indian conglomerate Bharti Global is to take a huge shareholding of the former UK telecoms incumbent, BT Group

3 months ago

Intel Sells Stake In British Chip Designer ARM

Amid its turnaround struggles and job cuts, Intel sells its 1.18 million share stake in UK chip designer ARM Holdings

3 months ago

Reddit CEO Hints At Subreddit Paywalls

Reddit co-founder and CEO has hinted that paywalls for certain subreddits could be on the way, in latest monetisation move

4 months ago

UK Watchdog Clears HPE’s Acquisition Of Juniper

British competition regulator, the CMA, clear's HPE's $14 billion acquisition of Juniper Networks a week after EU approval

4 months ago

Intel Sued By Shareholders After Dividend Suspension, Stock Price Crash

Shareholders alleged being blindsided after Intel's weak Q2 results, job losses, dividend suspension, triggered share price plunge

4 months ago

Bitcoin Plummets As Investors Dump Risky Assets

Price of Bitcoin plunges sharply, ending rally that started in January with approval of spot Bitcoin ETFs as investors flee…

4 months ago

Google Hires Character.AI Staff, Licenses Tech

Character.AI co-founders Noam Shazeer, Daniel De Freitas to return to Google along with other researchers in latest AI 'acqui-hire'

4 months ago

Intel, Nvidia Stocks Slide Amidst Chip Turmoil

Intel stock price plummets most in 50 years after it announces job cuts, as Nvidia declines on report of AI…

4 months ago

Apple Beats Expectations, Despite Falling iPhone Sales

Another solid quarterly financial performance from Apple, despite concerns over iPhone shipments in mainland China

4 months ago

Government Shelves £1.3 Billion UK Tech, AI Plan

Labour government shelves £1.3bn of funding promised by the Conservatives for tech and artificial intelligence projects

4 months ago

Intel To Cut 15 Percent Of Workforce, Suspends Dividend

Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments

4 months ago

EU Approves Hewlett Packard Enterprise’s $14bn Juniper Acquisition

European Commission approves HPE's $14 billion acquisition of Juniper Networks, leaving the UK the last remaining obstacle

4 months ago