Enterprise

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…

4 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

4 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

4 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

4 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

4 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

4 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

4 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

4 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

4 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

4 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…

4 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

4 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

4 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

5 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

5 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

5 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…

5 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'

5 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…

5 months ago

Apple Beats Expectations, Despite Falling iPhone Sales

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

5 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

5 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

5 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

5 months ago

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

5 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

5 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

5 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,…

5 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

5 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

5 months ago