Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent
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Salesforce Invests $4 Billion In UK Amid AI Push
CRM giant Salesforce confirms it will invest $4bn in its UK business over the next five years, in the face of strong demand for AI
Intel Restructures Manufacturing Business, Shares Slide
During investor update, Intel confirms manufacturing business will work like a separate unit as part of Pat Gelsinger's foundry plan
Terra Co-Founder Do Kwon Prison Sentence
Court in Montenegro jails Terraform Labs founder Do Kwon and CFO for four months, for forging official documents
Microsoft Reaches $2.6 Trillion Valuation Thanks To AI
Software giant Microsoft breaches $2.6 trillion valuation, but Apple remains the most valuable publicly listed tech company
ARM In Talks With Potential IPO Investors – Report
Talks with potential 'anchor investors' in ARM's upcoming IPO may include Intel, Alphabet, Apple, Microsoft, TSMC, Samsung etc
EU Approves €8 Billion in State Subsidies for Tech Research
European Commission approves 8.1 billion euros ($8.7 billion) of state aid for microelectronics and communication tech projects
Coinbase, Binance Hit Back After SEC Lawsuits
Coinbase CEO Brian Armstrong hits out at SEC chair Gary Gensler, while Binance alleges Gensler sought role at crypto exchange
SEC Sues Binance, CEO, And Coinbase
US financial regulator alleges US clients of Binance have $2.2 billion at risk, after lawsuits against Coinbase and Binance
Twitter Value Collapses After Fidelity Writedown
Financial institution slashes estimate value of its Twitter stake, suggesting the Elon Musk firm value has decreased significantly
Nvidia Briefly Hits $1 Trillion Valuation
GPU powerhouse Nvidia briefly joins elite $1 trillion valuation club, after its share price continued to rise amid AI boom
Ericsson Whistleblower Awarded $279m By SEC
Nice little earner. Record $279 million award from the US SEC to unnamed Ericsson whistleblower, over bribery case
Virgin Orbit Shuts Down After Chapter 11 Filing
Sir Richard Branson ends Virgin Orbit operations going forward, with assets being sold off to rivals in space launch sector
Bail Rescinded For Terra Co-Founder Do Kwon
Higher court in Montenegro rescinds 800,000 euro bail for Do Kwon due to flight risk concerns, after US and South Korean charges
BT To Cut 55,000 Jobs By 2030
Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles will be replaced by AI
Vodafone To Cut 11,000 Jobs, After Strategic Review
New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn around its fortunes
Sam Altman Start-Up Worldcoin ‘Close To Securing $100m’
Worldcoin, co-founded by OpenAI chief Sam Altman, close to securing $100m in new funding round amidst 'crypto winter'
US Warns Of Economic Damage If China Invades Taiwan
Chinese invasion of Taiwan would likely shut down chip production, causing huge economic impact for the world, US warns
Apple Depressed Results Beat Expectations, Thanks To iPhone Sales
Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales
ARM Files For IPO, But Not In London
Softbank's ARM Holdings registers for public listing in the US, in a blow to UK listing hopes and high level lobbying
Intel Posts Largest Ever Quarterly Loss, But Shares Rise
Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price rises
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Alphabet Beats Expectations, Announces $70 Billion Share Buyback
Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc
Microsoft Shares Rise As Q3 Earnings Beat Forecasts
Azure cloud delivers for Microsoft despite tough economic conditions – with artificial intelligence slated for future growth
EU Agrees Comprehensive Framework For Crypto Regulation
EU Parliament approves 'Markets in Crypto Act' (MiCA) for regulation of crypto transparency, disclosure, authorisation, and supervision
UK Government To Deliver Crypto Laws In Next 12 Months – Report
Treasury minister says UK could introduce specific laws aimed at regulating cryptocurrency in next 12 months
Netflix Ends DVD By Post, Amid Password-Sharing Crackdown
Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown
Apple Doubles Investment In Carbon Removal Fund
Investment by Apple of another $200 million in the ‘Restore Fund’, to remove carbon emissions and support sustainable forestry
Samsung To Cut Chip Production Amid Profit Decline
Electronics giant Samsung will make “meaningful” cut to chip production, amid global downturn in semiconductor demand
Foreign Cash Flows Into China On Alibaba Breakup Plan
Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing