Enterprise

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…

20 hours ago

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

21 hours ago

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

1 day ago

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

2 days ago

Tesla Posts Biggest Revenue Drop Since 2012

Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and…

2 days ago

US SEC Seeks $5.3 Billion Fine From Terra’s Do Kwon

Financial regulator asks New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon in civil…

3 days ago

Trump Media Warns Of ‘Potential Market Manipulation’

Shares in Trump social media platform owner rise after chief executive warns of 'naked' short sellers trying to manipulate stock…

5 days ago

TSMC Shocks Investors With Lower Chip Growth Forecast

TSMC pulls back on forecast of global chip industry growth for 2024, stirring concerns around expected recovery this year

5 days ago

Netflix Reports Profits Surge, But Forecast Disappoints

Netflix shares slump as it reports profit surge but says it will stop reporting subscriber metrics next year

5 days ago

Trump Media Shares Buckle Over Secondary Offering Plans

Shares in Donald Trump's social media company Trump Media plummet on Monday after company announces plans to issue millions more…

2 weeks ago

Sam Bankman-Fried Appeals FTX Fraud Sentence Of 25 Years

Disgraced crypto billionaire and former FTX CEO Sam Bankman-Fried appeals 25 prison sentence for masterminding huge fraud

2 weeks ago

Alphabet Mulls Offer For Marketing Software Firm HubSpot

Amidst antitrust scrutiny, Alphabet reportedly plans on making an offer for HubSpot to bolster CRM and cloud position

3 weeks ago

Tesla Shares Dive After EV Shipments Disappoint

Investors unhappy after Tesla posts a shipment slump in first quarter despite price cuts, amid concern about user demand for…

3 weeks ago

CMA Begins Phase 2 Probe Of Vodafone Merger With Three UK

Deadline expired for Vodafone to allay CMA concerns over merger with Three UK. In-depth Phase 2 investigation begins

3 weeks ago

Intel Shares Slide After Foundry Business Posts $7 Billion Loss

Intel's share price falls 8.2 percent after its contract chip-making business posted an operating loss of $7 billion

3 weeks ago

Shares In Trump’s Truth Social Firm Rise, Then Tumble

A week after public listing, Donald Trump's firm sees share price fall 21 percent, losing $4 billion in market value

4 weeks ago

The Netherlands To Spend Billions To Retain ASML Operations

Dutch government will spend 2.5 billion euros ($2.7 billion) to improve infrastructure in Eindhoven, to ensure ASML doesn't move abroad

4 weeks ago

FTX’s Sam Bankman-Fried Sentenced To 25 Years In Prison For $8bn Fraud

Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that brought down FTX

4 weeks ago

Amazon Pumps Another $2.75 Billion Into Anthropic

Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in funding

4 weeks ago

Trump’s Truth Social Makes Successful Market Debut

Shares in Donald Trump’s social media company rose about 16 percent after first day of trading on the Nasdaq

1 month ago

Vodafone Germany Confirms 2,000 Job Losses, Amid European Restructuring

More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future

1 month ago

Trump’s Truth Social Moves Closer To $5bn Merger

Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors…

1 month ago

UK Gives Three, Vodafone Five Days To Avoid In-Depth Merger Probe

CMA concerned the merger would lead to a 'substantial lessening of competition' and result in higher prices for consumers

1 month ago

Reddit Shares Surge After Successful NYSE IPO

Reddit enjoys successful initial public offering in New York, as shares rose which in turn pushed its market cap to…

1 month ago

Intel To Spend $100bn In US, After Biden’s $20bn Award

Big investment planned for US, after Intel wins nearly $20 billion in loans and funding from Biden Administration

1 month ago

Vodafone Sells Italian Operation For €8 Billion

Last downsizing move? Vodafone sells off another European unit, namely its Italian operation to Swisscom for €8bn in cash

1 month ago

UK Judge Rules Craig Wright Is Not Bitcoin’s ‘Satoshi Nakamoto’

Australian computer scientist Dr Craig Wright is not the Bitcoin inventor Satoshi Nakamoto, UK High Court judge rules

1 month ago

UK Joins EU’s Chip Research Program

UK joins European Union's chip funding research scheme, pledging £35 million for EU's 'Chips Joint Undertaking'

1 month ago