Atos H1 Operating Loss Increases After Charge
On Thursday, French technology company Atos reported a first-half operating loss due to impairment costs and lower revenues due to weaker…
Arm Stock Falls 11% on Tepid AI Outlook
On Wednesday, Arm’s conservative sales prediction caused a stock selloff as investors were concerned that AI computing spending would…
Shareholders Sue CrowdStrike Over Major Outage
CrowdStrike shareholders sued the cybersecurity business for concealing how its poor software testing caused the July 19 global outage that…
Worldline Shares Plunge After Outlook Cut
Worldline shares fell to an all-time low on Thursday after the French payment technology group lowered its 2024 outlook due to a significant…
AI Boosts Tech Funding, Deepfakes Pose Risk
On Thursday, Gallagher Re reported that global financing for insurance technology (insurtech) firms climbed 40% to $1.27 billion in the second…
Wiz Boldly Rejects $23B Offer from Google
Wiz has confidently declined a $23 billion acquisition offer from Google, showcasing the company’s independent vision and strategic…
Tinder Parent Match Sees Revenue Below Estimates
Match Group, Tinder’s parent company, forecast third-quarter revenue below Wall Street estimates on Tuesday, the company anticipates…
BRICS Officially Introduces New SWIFT-Like Financial System
The BRICS nations are now looking to create a new financial system to compete with the SWIFT system, which has some similarities. The BRICS…
Nvidia Supplier SK Hynix to Build $6.8B Plant in South Korea
Nvidia partner SK Hynix will invest $6.8 billion in a new South Korean chip plant, enhancing its collaboration with Nvidia and hitting a…
Apple Cuts iPhone Price in India
Following a reduction in import duties in the South Asian market, Apple has reduced its iPhone price variants in India by 3-4% The price…
Toyota to Build EV Battery Plant for Lexus
The Nikkei Business newspaper reported that Toyota Motor plans to develop an electric vehicle battery plant in Fukuoka and provide batteries…
Capgemini Predicts Revenue Drop Amid Auto, Aerospace Slump
On Friday, French IT company Capgemini anticipated a surprising drop in yearly revenue, citing a downturn in the automotive and aerospace…
US Central Bank Has Been Hit by $1T in Losses, Affecting USD
The US central bank faces the effects of the de-dollarization by BRICS nations as it sees a massive $1 trillion loss. Amid the BRICS’…
Bitfarms Adopts New ‘Poison Pill’ After Tribunal Terminates First
Bitcoin miner Bitfarms adopted a second ‘poison pill’ on Wednesday after a Canadian tribunal halted the first to prevent Riot…
Megacap Stock Selloff Reflects Tech Concerns
A drop in heavyweight stocks that have driven markets higher this year highlights Wall Street’s sensitivity to Big Tech trade…
Alphabet to Invest $5B More in Waymo
According to Ruth Porat, Alphabet’s chief financial officer, the company will allocate an additional $5 billion to its self-driving…
Tesla Profit Margins Hit 5-Year Low Amid Price Cuts, Incentives
On Tuesday, Tesla announced its lowest profit margin in more than five years and failed Wall Street profit projections in the second quarter…
Nvidia Approves Samsung HBM3 Chips for China Processors
Samsung’s fourth-generation high bandwidth memory (HBM3) chips have been certified by Nvidia for use in its CPUs, according to three…
Musk Says Any Trump EV Cutbacks Would Hurt Rivals More Than Tesla
Tesla CEO Elon Musk warned Tuesday that Donald Trump’s probable withdrawal of support for electric vehicles will impact other automakers…
Early Votes Favor Musk’s Tesla $5B Investment in xAI
Elon Musk has published a poll on social media platform X asking users if Tesla should invest $5 billion in his artificial intelligence…