Arm Holdings expects its share of the global market for data center central processing units to surge to 50% by the end of the year, up from about 15% in 2024 with gains driven by the boom in artificial intelligence, a senior executive said.
Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology, Business Insider reported on Friday, citing multiple sources.
Italy intends to appoint Marcello Sala, head of an economy ministry department that manages state-run firms and asset disposals, as a supervisory board member at chip maker STMicroelectronics, three sources said.
Ubisoft shares rose more than 10% on Friday after the French video game maker announced plans to set up a subsidiary in which Tencent will invest 1.16 billion euros.
Singapore-headquartered Grab is seeking a loan of up to $2 billion to support its potential takeover of Indonesia’s GoTo, Bloomberg News reported on Wednesday citing people familiar with the matter.
Tata Sons’ acquisition of an additional 10% stake in Tata Play from an affiliate of Singaporean sovereign wealth fund Temasek Holdings has received regulatory clearance, the Competition Commission of India (CCI) said on Monday.
Thailand has approved 90.9 billion baht ($2.7 billion) worth of investments in data centres and cloud services, its investment board said on Monday, the latest additions to the country’s expanding tech sector.
Industrial and Commercial Bank of China, the world’s biggest commercial lender by assets, announced on Wednesday the launch of an 80 billion yuan ($11.04 billion) technology and innovation fund to support the private economy.
ServiceNow said on Monday it would buy AI firm Moveworks for $2.85 billion in cash and stock, marking the software maker’s largest-ever acquisition when enterprises are spending heavily on the technology to enhance their IT operations.
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General Motors on Monday announced the hiring of its first chief artificial intelligence officer as the automaker looks to use the technology more in its vehicles and in other parts of its business.
Ant Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field.
Samsung Electronics on Tuesday nominated its chip business chief Jun Young-hyun and Chief Technology Officer Song Jai-hyuk to join its board, as the tech giant looks to boost competitiveness in its struggling semiconductor business.