Enterprise

ARM Shares Nearly Double Amid AI Surge

Shares in ARM Holdings have exploded over the past week, after an optimist forecast almost doubled its share price

9 months ago

OpenAI’s Sam Altman Seeks Trillions To Overhaul Chip Industry – Report

Sam Altman reportedly seeking between $5 and $7 trillion to overhaul semiconductor industry to remove AI chip limitations

9 months ago

Jeff Bezos Offloads $2 Billion Worth Of Amazon Shares

Not enough yachts? Amazon founder Jeff Bezos sells 12 million shares for $2bn, after relocating to tax friendly Florida

10 months ago

Elon Musk Ordered To Testify In SEC Twitter Takeover Probe

SEC doubles down and orders Elon Musk to testify again, for investigation of his $44 billion Twitter purchase

10 months ago

Disney To Take $1.5 Billion Equity Stake In Epic Games

Disney to collaborate with Epic Games on new content, and will sink a $1.5bn investment into the gaming giant

10 months ago

Hacking Victims Paid $1.1bn In Ransoms Last Year

Chainalysis report finds ransomware victims paid cybercriminals a record $1.1 billion in cryptocurrency in 2023

10 months ago

UK Government To Fund Two Semiconductor Research Hubs

Government to fund semiconductor research hubs in Bristol and Southampton, to help bring new chip tech to market

10 months ago

TSMC To Build Second Factory In Japan

World’s largest chipmaker TSMC confirms it will build second fab in Japan, with backing from Sony and Toyota

10 months ago

UK EV Maker Arrival Collapses Into Administration

British electric vehicle start-up Arrival enters administration three years after being valued at $15bn, with 170 jobs at risk

10 months ago

Yandex Parent To Sell Russian Operations

Parent company of major Russian search engine Yandex to divest Russian operations as it refocuses amidst Ukraine conflict

10 months ago

Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results

Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors

10 months ago

Apple Lowers iPhone Forecast, As Tim Cook Touts ‘AI Announcement’

Modest increase in first quarter profit and revenues, as Apple lowers iPhone shipment forecast, amid China sales decline

10 months ago

UK Police Holding Bitcoin Worth £1.4 Billion – Report

One of the world’s largest asset seizures saw British police in 2018 seize four devices containing more than 61,000 bitcoin

10 months ago

FTX Abandons Crypto Exchange Return

No coming back. Attorney for FTX confirms attempts to restart disgraced crypto exchange have been abandoned

10 months ago

Alphabet’s Ad Revenue Miss Punished By Investors

Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss

10 months ago

Microsoft Profit Rises 33 Percent Thanks To AI, Cloud

Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation

10 months ago

Amazon Abandons $1.4bn iRobot Buy Amidst EU Opposition

Amazon calls off deal to buy iRobot for $1.4bn after EU raises concerns over competition in market for home devices

10 months ago

UK CMA Opens Antitrust Investigation Of Vodafone, Three Merger

Competition and Markets Authority (CMA) begins Phase 1 investigation of Vodafone UK's merger with Three UK

10 months ago

Binance Founder Changpeng Zhao Refused Permission To Leave US, Again

US judge refuses to allow Binance founder Zhao to travel to UAE, despite pledge of $4.5 billion equity stake in…

10 months ago

Microsoft Axes 1,900 Staff After Activision Acquisition

Microsoft adds to job gloom after axing 9 percent of its gaming division, after closing the Activision Blizzard acquisition

10 months ago

Netflix Subscribers Surge Amid Password Crackdown

Saturated streaming market? Netflix pleases investors by recording notable rise in paid subscribers, on top of strong Q4 financials

10 months ago

EU Set To Reject Amazon iRobot Buy

European Union set to reject Amazon takeover of Roomba robot vacuum cleaner maker iRobot after e-commerce giant fails to offer…

10 months ago

Elon Musk Seeks Larger Tesla Stake Ahead Of AI, Robotics Push

Tesla boss wants 25 percent controlling stake in EV giant, before growing firm to be AI and robotics leader

10 months ago

Crypto Firm HashKey Attains Unicorn Status With $100m Funding Round

Hong Kong-based crypto firm HashKey Group attains valuation greater than $1bn after $100m funding round, in sign of digital asset…

10 months ago

Microsoft Briefly Overtakes Apple As Most Valuable Tech Company

Microsoft briefly overtook Apple as the most valuable tech company in the world, after share price pushed market cap to…

11 months ago

SEC Approves Bitcoin ETFs, As Crypto Industry Rejoices

Watershed moment? What does US SEC approval of bitcoin ETFs mean for the bitcoin and entire crypto market?

11 months ago

SEC Investigates After Fake Post On X/Twitter Account

US securities regulator confirms unknown individual accessed its X social media account to post false message about ETFs

11 months ago

EU’s Antitrust Head To Meet Tech CEOs Next Week

Margrethe Vestager to met Tim Cook, Sundar Pichai, Jensen Huang etc to discuss EU digital regulation and competition policy

11 months ago

Intel Spins Out AI Firm Articul8, With DigitalBridge Backing

AI software developed at Intel is being spun off into independent firm Articul8 AI, with investment firm backing

11 months ago