Enterprise

Mike Lynch Cleared In HP Autonomy Fraud Trial

Dr Mike Lynch has been cleared of all fraud charges in the US, over $11 billion sale of Autonomy to…

7 months ago

Alphabet Names Anat Ashkenazi As CFO

Anat Ashkenazi swaps CFO role in pharmaceutical industry to join Alphabet, replacing outgoing CFO Ruth Porat

7 months ago

Nvidia Overtakes Apple As Second Most Valuable Tech Firm

Value of Nvidia continues to surge as it reaches $3 trillion market cap, making it the second most valuable tech…

7 months ago

Spotify Raises US Prices In Profit Drive

Spotify hikes prices in US, its biggest market, following UK rises as it shifts from focus on user growth to…

7 months ago

Saudi Fund Invests In China’s Biggest AI Start-Up

Saudi Arabian investment fund Prosperity7 reportedly contributes to funding round for China's Zhipu AI as US tries to keep allies…

7 months ago

Terra Labs, Do Kwon Settle SEC Fraud Case

Tentative settlement reportedly reached between the US SEC and Singapore's Terraform Labs and founder Do Kwon

7 months ago

EU Adopts Law To Spur Green Tech Manufacturing

EU formally adopts Net-Zero Industry Act that seeks to boost EU green-tech manufacturing against rivals from China and US

7 months ago

Elon Musk’s xAI In $6bn Funding Round Valuing It At $24bn

Elon Musk artificial intelligence start-up xAI concludes $6bn funding round valuing it at $24bn in coming weeks amidst heavy competition

7 months ago

Mike Lynch Defends Himself At HP-Autonomy Trial In US

British founder of Autonomy defends himself in San Francisco federal courthouse against criminal fraud charges

7 months ago

UK Regulator Declines To Investigate Microsoft’s Mistral AI Deal

Weeks after seeking feedback on Microsoft's partnership with Mistral AI, UK regulator says it does not qualify for investigation

7 months ago

Microsoft Invests 4 Billion Euros In France For AI, Cloud

Global spending spree from Microsoft continues, with huge investment for new data centre to drive AI and skills in France

7 months ago

US To Make 30 Percent Of Advanced Chips By 2032

US to triple domestic chipmaking capacity and control 30 percent of advanced chips by 2032 after Chips Act subsidy boost

8 months ago

SoftBank-Owned ARM To Develop AI Chips

SoftBank-owned UK chip design firm ARM Holdings to develop AI accelerator chips for data centres amidst investment boom

8 months ago

Shares In Chinese EV Firm Zeekr Soar On Debut

EV maker Zeekr, controlled by car giant Geely, valued at nearly $7bn as investors heartened by surging sales

8 months ago

Google Staff Question Layoffs After Record Earnings

Staff at Google question CEO Sundar Pichai over 'significant decline' in workforce morale amid ongoing job cuts, despite strong financials

8 months ago

FTX To Repay Creditors In Full, $11 Billion

Good news for creditors. CEO John Ray III says bankrupt crypto exchange FTX will be able to fully repay creditors…

8 months ago

Grayscale Bitcoin Shares Surge On First Inflow Since January

Dominant Bitcoin ETF Grayscale Bitcoin Trust shows first net inflow since January as investors flock to new crypto investment vehicles

8 months ago

Apple Shares Surge Ahead Of New AI Hardware Launches

Apple shares surge on optimism that new AI-focused hardware launches will drive renewed sales, starting with iPad event on Tuesday

8 months ago

Apple Announces Record Share Buyback, Amid iPhone Sales Decline

Investor appeasement? Apple unveils huge $110 billion share buyback program, as sales of iPhone decline in almost all global markets

8 months ago

Microsoft Announces Big Investments In Malaysia, Indonesia, Thailand

Microsoft's AI investments continue in south east Asia, after investments in Japan, Malaysia, Indonesia, as well as Thailand

8 months ago

LastPass Separates From Parent After Security Incidents

New chapter for LastPass as it becomes an independent company to focus on cybersecurity, after troubled past

8 months ago

Binance’s Changpeng Zhao Sentenced To Four Months In Prison

US judge sentences Binance founder, Changpeng Zhao, to four months in prison for ignoring money laundering on his platform

8 months ago

Alphabet Value Surges Over $2tn On Dividend Plan

Google parent Alphabet sees market capitalisation surge over $2tn on plan to over first-ever cash dividend, revenue growth

8 months ago

Snap Sees Surge In Users, Ad Revenues

Snapchat parent Snap reports user growth, revenues in spite of tough competition, in what may be sign of stronger advertising…

8 months ago

UK AI Security Firm Darktrace Acquired By Private Equity Group

Thoma Bravo agrees to acquire Darktrace for $5.32 billion in cash, delivering some welcome news for founding investor Dr Mike…

8 months ago

Microsoft Beats Expectations Thanks To AI Investments

Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft, pushing shares higher

8 months ago

ByteDance Would Rather Shutter TikTok US, Than Sell – Report

TikTok's 'secret source' algorithm is so core to ByteDance, it would rather shut down US operation, multiple sources have indicated

8 months ago

Meta Declines On Heavy AI Spending Plans, Despite Strong Q1

Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter financial results

8 months ago

Tesla Posts Biggest Revenue Drop Since 2012

Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and…

8 months ago