Enterprise

Meta Posts Strong Q2 Amid Heavy AI Spending

Facebook parent Meta Platforms delivers strong Q2 financials which beats Wall Street expectations, raising its share price

4 months ago

UK Investigates Alphabet Partnership With AI Firm Anthropic

British competition regulator, the CMA, to investigate Google parent Alphabet’s partnership with AI startup Anthropic

4 months ago

Intel To Cut Thousands Of Jobs – Report

Another round of layoffs reportedly on the cards for staff at Intel, in an effort to rebound from earnings slump

4 months ago

Elon Musk To Discuss $5 Billion xAI Investment With Tesla Board

Conflict of interest? Elon Musk to talk with Tesla board about making $5 billion Tesla investment in his other venture,…

4 months ago

Alphabet To Invest $5 Billion In Waymo Self-Driving Unit

Senior management at Alphabet confirm substantial additional investment in the Waymo self-driving division

4 months ago

Revolut Gains UK Banking Licence

After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator

4 months ago

Alphabet Q2 Beats Expectations, But Shares Dip

Despite share buyback and positive Q2 results, Alphabet's share price falls over YouTube slowdown and margin declines

4 months ago

Wiz Rejects $23 Billion Acquisition Bid From Google – Report

Memo to staff from co-founder explains reason for walking away from Google's takeover bid, and confirms IPO intentions

4 months ago

Bitcoin ‘Creator’ Craig Wright Admits He Is Not Satoshi Nakamoto

Australian computer scientist Craig Wright referred to Crown Prosecution Service (CPS) to be considered for perjury charges

4 months ago

GitLab Explores Possible Sale – Report

Coding platform GitLab is reportedly exploring a sale, nearly three years after successful IPO on the Nasdaq

4 months ago

Trump Media Shares Rally After Assassination Attempt

Shares in Trump Media surge 33 percent after Saturday assassination attempt on former president as investors bet on reelection

4 months ago

Japan’s SoftBank Acquires AI Chip Start-up Graphcore

SoftBank Group has purchased another British chip firm, with the acquisition of Bristol-based Graphcore Ltd in order to bolster the…

4 months ago

Alphabet Walks Away From HubSpot Deal

Not interested. Alphabet reportedly opts not to make an offer for HubSpot to bolster CRM and cloud position

5 months ago

Vodafone, Virgin Media O2 Extend Network Sharing Deal

Current network sharing deal between Vodafone and Virgin Media O2 extended to mid 2030s, including some spectrum sale

5 months ago

Russia’s Central Bank Tells Businesses To Use Crypto To Avoid Sanctions

Sanctions busting. Russian businesses told to use cryptocurrencies and other digital options to make payments with foreign customers

5 months ago

Fisker Seeks Approval For Firesale Of Remaining EVs

Fisker asks bankruptcy judge for permission to sell remaining Ocean SUV at just $14,000 per EV, down from $70,000

5 months ago

Jeff Bezos To Sell $5 Billion Worth Of Amazon Shares

Needs to buy more yachts? After Amazon stock hits record high, founder Jeff Bezos to offload huge tranche of shares

5 months ago

Salesforce Shareholders Reject CEO Marc Benioff’s Compensation Plan

Compensation packages for Salesforce's top executives are rejected by shareholders and investors, despite backing from the board

5 months ago

Meme Stock GameStop Sinks On Lawsuit News

Meme stock GameStop, known for a stellar rally in 2021 spurred by social media, shows volatility on news of probes…

5 months ago

Troubled EV Maker Rivian Lays Out Path To Profitability

At first-ever investor day EV maker Rivian lays out profitability plans after $5bn deal with VW offers it financial lifeline

5 months ago

FBI Offers $5 Million Bounty For Fugitive ‘CryptoQueen’ Ruja Ignatova

US authorities place huge bounty on Ruja Ignatova, the former leader of OneCoin cryptocurrency Ponzi scheme

5 months ago

VinFast Touts Cheap And Tiny EV, Amid Sales Concerns

Amid concerns about EV sales, a new small and cheap EV from VinFast is aimed primarily at the Asian market

5 months ago

Amazon Finally Breaches $2 Trillion Valuation

Long time coming. Amazon has reached a $2 trillion market capitalisation - six years after it passed a $1 trillion…

5 months ago

Rivian To Gain Up To $5 Billion Investment From Volkswagen

Crucial intervention? Volkswagen to form joint venture with Rivian to share electric vehicle software and architecture

5 months ago

China-Linked Shein Faces Uphill Battle For IPO In US Or UK

China-founded fast-fashion company Shein faces political resistance in search for IPO venue, as major investors grow impatient

5 months ago

Nvidia Cedes Top Market Spot To Microsoft

Nvidia cedes title of most valuable US listed company back to Microsoft as Apple regains No. 2 spot amidst continued…

5 months ago

OpenAI Co-Founder Ilya Sutskever To Start New AI Firm

Ilya Sutskever is creating a new AI firm, as part of his stated intention for a project that ‘personally meaningful’…

5 months ago

UK Investigates HPE’s $14bn Acquisition Of Juniper Networks

UK competition regulator begins investigation into the multi billion dollar acquisition of Juniper Networks by Hewlett Packard Enterprise

5 months ago

Fisker Files For Chapter 11 Bankruptcy

EV maker Fisker files for bankruptcy protection in the US – the second EV venture led by car designer Henrik…

5 months ago