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CNA Economy Full text
SYDNEY, Oct 9 : Australia's Nvidia-backed AI data centre operator Firmus shelved its initial public offering citing recent market volatility, and will opt for a private fundraising round, the company said in a statement."Firmus will now…
CNA Economy Full text
Oct 8 : OpenAI has told investors its annualized revenue for September was almost $50 billion, a drop from what it signaled earlier, a person familiar with the matter told Reuters on Thursday.The company previously indicated to investors…
CNA Economy Full text
Oct 8 : OpenAI's annualized revenue is about $20 billion less than has been previously signaled, the Financial Times reported on Thursday, citing financial documents shared with investors.OpenAI did not immediately respond to a Reuters…
CNA Economy Full text
Oct 8 : SpaceX struck a deal on Thursday to acquire a nationwide low-band spectrum portfolio, positioning Elon Musk's satellite venture to mount a direct, orbital challenge to legacy wireless giants across the United States.While Starlink…
CNA Economy Full text
Oct 8 : The US government said on Thursday it is suspending some of the world's biggest tech and IT firms including Microsoft, Cognizant and Capgemini from a key green card program that allows skilled foreign workers to gain permanent…
CNA Economy Full text
WASHINGTON, Oct 8 : More than 120 US lawmakers raised concerns on Thursday about Alphabet's Google unit acquiring defunct carrier Spirit Airlines' internal data for $10 million to train artificial intelligence systems.The lawmakers led by…
CNA Economy Full text
Oct 8 : Apple appointed insider Steve Smith as head of mergers and acquisitions, while moving Adrian Perica to its services division, according to a memo seen by Reuters on Thursday.Perica, a more than 17-year veteran of Apple's M&A and…
CNA Economy Full text
Oct 8 : Anthropic on Thursday launched tools that allow users to create data dashboards and animations through Claude, as AI companies vie to broaden their suite of workplace productivity applications.Here are some details:• Claude…
CNA Economy Full text
WASHINGTON, Oct 8 : The four leaders of US President Donald Trump's AI task force are slated to meet on Thursday, task force vice chair Scott Kupor told Reuters, adding that he expects the full committee to convene next week as pressure…
CNA Economy Full text
Oct 8 : Revolut would favor a primary listing in the United States if the digital bank decides to pursue an initial pubic offering in the future, CEO Nik Storonsky told Bloomberg TV on Thursday.Storonsky, who founded Revolut, told…
CNA Economy Full text
MOSCOW, Oct 8 : Russian technology and AI company Yandex said on Thursday it could not yet determine whether equipment at a data centre hit by a Ukrainian drone attack could be restored. Yandex said earlier that the attack on its Sasovo…
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SEOUL, Oct 8 : E-commerce firm Coupang said on Thursday it has filed two administrative lawsuits against 620 billion won ($462.75 million) in fines imposed by South Korea's government over a data breach.The US-listed company confirmed the…
CNA Economy Full text
WASHINGTON, Oct 8 : President Donald Trump bought as much as $1.6 million and sold as much as $1 million in Nvidia stock in August, according to his latest financial disclosure, which was released on Thursday as he prepared to award Nvidia…
CNA Economy Full text
Oct 8 : Alphabet's Google Cloud on Thursday introduced the Gemini agent, a single AI agent for work that can answer questions, handle tasks, create content and write code. The move comes as tech companies race to sell AI that can work…
CNA Economy Full text
WASHINGTON, Oct 8 : The Trump administration froze on Thursday some green-card filings by Microsoft, Adobe and major IT outsourcers and opened probes into nine elite universities, widening a visa crackdown it says targets fraud and…
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MADRID, Oct 8 : Spain's minority leftist government plans tighter oversight of future data centres ahead of an early parliamentary election set for November 29, Digital Transformation Minister Oscar Lopez said on Thursday.Spain is trying…
CNA Economy Full text
The move may affect thousands of foreign tech workers seeking permanent residency in the US, but current H-1B visa holders are not directly affected.
CNA Economy Full text
MANILA, Oct 8 : Asian countries are racing to raise their oil stockpiling capacity, complete a regional power grid and speed up renewables in response to supply risks laid bare by the Iran war.Southeast Asia has been worst hit by the…
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Oct 8 : Spotify said on Thursday it had signed a new multiyear licensing agreement with podcaster Joe Rogan for "The Joe Rogan Experience", extending a partnership that began in 2020.The renewal has similar terms to Rogan's previous deal…
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SAN FRANCISCO, Oct 8 : Amazon on Thursday unveiled a slate of higher-end tablets that for the first time feature its Alexa+ voice assistant and run on Google's Android operating system, a bet that consumers will pay more for premium…
CNA Economy Full text
AMSTERDAM, Oct 8 : A successor to ASML's most advanced chipmaking machine could be ready in about 10 years, engineers for the company and its optics partner Carl Zeiss said in a peer-reviewed paper. The tool, dubbed "Hyper NA", would print…
CNA Economy Full text
Oct 8 : GlobalFoundries on Thursday said it has reached a $2 billion agreement to make a key component used to link AI processors and memory chips for TSMC at its New York facility.Known as a silicon interposer, the component sits beneath…
CNA Economy Full text
Oct 8 : Italy's antitrust authority said on Thursday it had launched a probe into several Microsoft-owned video-game makers over their use of virtual currencies. • Italy's probe is aimed at Activision Blizzard, among other companies of the…
CNA Economy Full text
Oct 8 : Investor concerns that Nvidia-backed Firmus may cut the size of its $5 billion Australian initial public offering (IPO) drove a 30 per cent plunge in shares of construction services provider Maas Group, which owns 3.2 per cent in…
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