The 10-for-1 stock split at Nvidia has taken place, after the meteoric share price rise helped it become one of the most valuable tech firms
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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 Hewlett-Packard in 2011
Alphabet Names Anat Ashkenazi As CFO
Anat Ashkenazi swaps CFO role in pharmaceutical industry to join Alphabet, replacing outgoing CFO Ruth Porat
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 firm
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 expanding profit margins
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 away
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
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
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
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
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
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
Federal Court Orders Elon Musk To Testify In SEC Twitter Takeover Probe
Elon Musk loses bid to avoid court order to force him to testify in SEC probe of his $44 billion Twitter purchase
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
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
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
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
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 $11bn
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
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
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
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
LastPass Separates From Parent After Security Incidents
New chapter for LastPass as it becomes an independent company to focus on cybersecurity, after troubled past
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
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
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 market
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 Lynch
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
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
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