Donald Trump social media company in advanced talks to buy Bakkt, a crypto trading platform owned by NYSE parent, FT reports
TECHNOLOGY POWERING BUSINESS
News Enterprise
Battery Maker Northvolt Misses Production Targets
Northvolt has reportedly missed internal EV battery production targets since September, reduces production at main plant
SpaceX Prepares Tender Offer At $250bn Valuation
SpaceX to begin tender offer in December valuing company at $210bn, as Elon Musk's xAI raises $5bn at $45bn valuation
Northvolt Mulls US Bankruptcy Protection – Report
Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option
Programmer Sentenced To Five Years In Prison For Bitcoin Laundering
Ilya Lichtenstein sentenced to five years in prison for hacking into a virtual currency exchange Bitfinex and stealing 119,000 Bitcoin
VW, Rivian Launch Joint Venture, As Investment Rises To $5.8 Billion
Volkswagen and Rivian officially launch their joint venture, as German car giant ups investment to $5.8 billion, depending on certain milestones
Meta Must Face Antitrust Trial Over Instagram, WhatsApp Purchases
Legal issues continue for Meta, after US judge rules it must face trial over FTC's antitrust concerns about Instagram, WhatsApp
Bitcoin Surges To Above $93,000 For First Time
Bitcoin price reaches new record, amid hope that incoming Trump administration will implement crypto-friendly policies
Nvidia Market Value Surges Above $3.6tn
Investor optimism following Donald Trump re-election win pushes Nvidia to record high, adds 30 percent to Tesla stock price
Amazon Mulls New Multi-Billion Dollar Investment In Anthropic – Report
Amazon is reportedly in talks to pump billions of dollars more into AI start-up Anthropic, but with one condition
FTX’s Caroline Ellison Begins Her Two Year Prison Sentence
Star witness for the US prosecution of FTX founder Sam Bankman-Fried, has begun her two year prison sentence this week
Donald Trump Election Victory, And Implications For Tech Sector
Victory of Donald Trump in the US Presidential election and the potential implications for the tech industry
UK Orders Chinese Entity To Sell Stake In Scottish Chip Firm FTDI
Chinese owner of Scottish fabless semiconductor firm FTDI ordered to sell majority stake, due to national security risks
Watchdog Says Vodafone, Three Merger Could Proceed With Certain Remedies
British competition regulator provisionally finds Vodafone, CMA merger can proceed, if 'remedies' on pricing and 5G rollout are made
James Dyson Says ‘Spiteful’ Budget Will Kill Start-Ups
James Dyson delivers most high-profile criticism so far of Labour's first Budget that raises £40bn in taxes, largely from businesses
Nvidia To Replace Intel On Dow Jones Industrial Average
Nvidia to replace Intel this week on Dow Jones Industrial Average after years of turmoil and missing out on the AI boom
Apple Sales Rise 6 Percent After Early iPhone 16 Demand
Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits
Autumn Budget Hikes Business Taxes, Seeks Growth
First Labour Budget in 15 years includes increased payouts from businesses and capital gains, as government looks to promote growth
White House Finalises China Tech Investment Curbs
Administration publishes final restrictions on US investment into Chinese tech sectors including AI, chips, quantum computing
Latest Funding Round Values Start-Up Sierra AI At $4.5bn
Start-up Sierra AI, co-founded by former Salesforce co-chief Bret Taylor, sees valuation more than quadruple in new funding round
Nvidia Surpasses Apple As World’s Most Valuable Company
Stock rally takes Nvidia once again to top of list as world's most valuable listed company, amist continued AI data centre boom
TSMC Arizona Chip Plant Yields 4 Percent Higher Than Taiwan
TSMC says production yields at delayed plant in Arizona are 4 percent higher than comparable factories in Taiwan, in boost for US efforts
Shein Profits Drop 70 Percent
Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it plans IPO
Intel To Invest More Than $28 Billion In Ohio Chip Factories – Report
Troubled chip giant Intel will invest more than $28 billion to construct two new chip factories in Ohio, to take fight to TSMC
CMA Begins Probe Into Alphabet Partnership With Anthropic
UK competition regulator begins phase one investigation into Alphabet's partnership with AI startup Anthropic
Nigerian Court Orders Release Of Binance Executive
After charges are dropped, Nigerian court orders the release of Binance executive Tigran Gambaryan who is poor health
Sophos Expands Cybersecurity With $860m Secureworks Purchase
Second time Secureworks is acquired, after UK's Sophos says it will buy the US cybersecurity firm for $859m (£662m) in cash
Former OpenAI Mira Murati Raising Capital For New AI Startup – Report
Cos the world needs another AI startup. Former CTO at OpenAI, Mira Murati, reportedly fund raising for her new AI startup
Worldcoin Rebrands To World Network, Ramps Up Iris Scanning
Sam Altman's Worldcoin rebrands itself as pledges to ramp up its controversial iris-scanning crypto project
Microsoft Settles Gamer Lawsuit Over Activision Purchase
Gamers who sued Microsoft to halt its purchase of Activision Blizzard have agreed to the dismissal of their lawsuit