Nvidia now worth more than the e-commerce and cloud giant Amazon, thanks to ongoing industry demand for AI chips
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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
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
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
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
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
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
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
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
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
Yandex Parent To Sell Russian Operations
Parent company of major Russian search engine Yandex to divest Russian operations as it refocuses amidst Ukraine conflict
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
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
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
FTX Abandons Crypto Exchange Return
No coming back. Attorney for FTX confirms attempts to restart disgraced crypto exchange have been abandoned
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
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
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
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
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 Binance
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
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
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 remedies
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
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 optimism
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 $2.87 trillion
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?
Hewlett Packard Enterprise To Acquire Juniper Networks For $14 Billion
HPE to acquire Juniper Networks for $14 billion in cash, in a move to bolster its AI networking credentials
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
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