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Technology
AMD Acquires ZT Systems in 49 Billion Deal to Bolster AI Infrastructure Capabilities
In a bold move to challenge Nvidia's dominance in the AI infrastructure market, Advanced Micro Devices (AMD) has announced the acquisition of ZT Systems for $4.9 billion in cash and stock. The California-based chipmaker aims to accelerate…
Big Tech Pledges Over 100 Billion Dollars in AI Infrastructure Spending Amidst Market Scepticism
In a bold move, tech giants Microsoft, Alphabet, Amazon, and Meta have collectively increased their capital expenditure by an astonishing 50%, surpassing the $100 billion mark this year. This massive investment aims to develop the…
ChatGPTs Welsh Language Glitch Leaves English Users Baffled
In an unexpected twist, ChatGPT users in the United Kingdom have found themselves perplexed by the AI chatbot's propensity to respond in Welsh, despite being prompted with English-language queries. This peculiar glitch has come to light as…
US Considers Google Break-Up After Monopoly Ruling
Google's parent company, Alphabet Inc., faces potential divestiture of key operations following a landmark ruling by a US federal judge, which found the tech giant guilty of maintaining an illegal monopoly over online search. The US…
Elon Musk Sues OpenAI For ‘Shakespearean Perfidy And Deceit’
Elon Musk filed a new lawsuit against OpenAI, the maker of ChatGPT and its CEO Sam Altman. He accused the company of "perfidy" and "deceit of Shakespearean proportions".
Musk's latest attack on OpenAI, the company he founded in 2015,…
ReNeuron Group Focuses on Exosome Technology Validation and Seeks New Investors
ReNeuron Group PLC (AIM:RENE, OTC:RNUGF), a stem cell-derived exosome-based drug delivery platform developer, is currently seeking new investors to enable the company to trade as a going concern following its exit from administration. The…
Tech Giants Face Correction Amid AI Boom Doubts and Mixed Quarterly Results
The magnificent seven, a group of technology stocks that has dominated the US stock market, has experienced a tough week as doubts about the return on artificial intelligence (AI) investments, mixed quarterly results, and weak US economic…
Intel reduces 15,000 jobs to catch up with AI chips
Intel plans to cut 15,000 positions as it attempts a revival of its manufacturing operations that have fallen behind the development and artificial intelligence.
In New York, the shares of American chipmaker were down more than 20% in…
Apple beats Wall Street forecasts despite iPhone slide
Apple exceeded Wall Street's expectations in the fourth quarter, as a rise in demand for iPads and Macbooks compensated for a drop in iPhone sales.
The most valuable company in the world, valued at more than $3 trillion on the stock…
US tech stocks have had their worst day since 2012.
Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla.
The Nasdaq Composite dropped by 3.6% to a new low for…
Tesla profits fall by nearly half as electric car sales slump
Tesla's second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance.
The Texas-based firm said Tuesday that its net income…
Alphabet profits soar 29% on cloud computing boom
The parent company of Google, Alphabet has seen its second quarter profits rise due to a combination of growing cloud computing sales as well as search engine advertising.
Alphabet exceeded market expectations by reporting a 14% increase…
Vertical Aerospace dismisses Rolls-Royce’s exit from flying taxis
The first prototype of the company crashed during testing just under a calendar year ago. Rolls-Royce withdrew as a key technology provider and early shareholder three months ago. The New York-quoted stocks, which valued the company once at…
Meta examines stake in EssilorLuxottica, the maker of Ray-Ban sunglasses
Facebook's Meta explored the possibility of investing multi-billions in EssilorLuxottica as it intensifies its efforts to develop smart eyewear.
Multiple people familiar with the company's thinking have confirmed that it has considered a…
After Trump’s comments on Taiwan, chip stocks have lost nearly $500bn.
Semiconductor shares listed on Wall Street have lost almost $500 billion in market value since Wednesday, amid fears that trade tensions between China and Taiwan could escalate.
Nvidia shares dropped almost 7 percent, losing over $200…
Ocado to keep London listed as it improves forecast
Ocado's boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100.
Tim Steiner said that he did not plan to take the online grocery group private or move its listing…
Goldman Sachs boss says that the capital markets are in an early stage of recovery.
Goldman Sachs' chief executive hailed "the early innings of a recovery in capital markets and M&A" after the investment firm announced that its quarterly profit more than doubled from the previous year.
The American Investment Bank,…
Tycoons back Donald Trump
Elon Musk, Bill Ackman and other tycoons have publicly endorsed Donald Trump for the White House race in the wake of the attempted assassination at a Pennsylvania rally.
Musk, the CEO of Tesla and the owner of X/Twitter posted his…