Intel likely to be removed from Dow Jones Industrial Average amidst ongoing turnaround challenges, report finds, as stock takes another hit
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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
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
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
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
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
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
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
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
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
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 roughly 6,000 jobs
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
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
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
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
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
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 risky assets
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'
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 antitrust probe
Apple Beats Expectations, Despite Falling iPhone Sales
Another solid quarterly financial performance from Apple, despite concerns over iPhone shipments in mainland China
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
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
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
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
Microsoft Slowdown In Cloud Growth Worries Wall Street
Share price falls after investors react negatively, as Microsoft's Azure growth misses ambitious expectations
UK Investigates Alphabet Partnership With AI Firm Anthropic
British competition regulator, the CMA, to investigate Google parent Alphabet’s partnership with AI startup Anthropic
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
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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, xAI
Alphabet To Invest $5 Billion In Waymo Self-Driving Unit
Senior management at Alphabet confirm substantial additional investment in the Waymo self-driving division