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Foxconn sees robust AI server demand, posts 14% rise in Q3 profit
14 Nov 2024

Foxconn sees robust AI server demand, posts 14% rise in Q3 profit

Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.
Tencent Q3 revenue rises 8% on gaming strength, matches estimates

Tencent Q3 revenue rises 8% on gaming strength, matches estimates

13 Nov 2024
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, driven by growth in its gaming business after the recent launches of new titles.
Singapore's Grab raises annual revenue forecast, shares jump

Singapore's Grab raises annual revenue forecast, shares jump

12 Nov 2024
Singapore’s Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season. 
Delivery Hero to list Talabat business in Dubai in December

Delivery Hero to list Talabat business in Dubai in December

11 Nov 2024
Talabat, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15% of its issued shares, its German parent said on Sunday, in what will be one of the UAE’s biggest IPOs this year. 
Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

11 Nov 2024
The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.
Sony posts 73% jump in Q2 profit, keeps outlook
08 Nov 2024

Sony posts 73% jump in Q2 profit, keeps outlook

Sony reported on Friday a 73% rise in group operating profit in the July-September quarter, buoyed by strong sales in its game and network business.
Nvidia overtakes Apple as world's most valuable company

Nvidia overtakes Apple as world's most valuable company

28 Oct 2024
Nvidia dethroned Apple as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips.
IBM falls as slowing enterprise spending pressure consulting growth
25 Oct 2024

IBM falls as slowing enterprise spending pressure consulting growth

IBM shares fell more than 6% on Thursday, as reduced enterprise spending on non-GenAI projects pressured its consulting segment, clouding software unit strength.
Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

24 Oct 2024
South Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.
Former OpenAI technology chief Mira Murati to raise capital for new AI startup, sources say

Former OpenAI technology chief Mira Murati to raise capital for new AI startup, sources say

21 Oct 2024
Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her new AI startup, according to sources familiar with the matter.
TSMC Q3 profit rises 54%, better than forecasts

TSMC Q3 profit rises 54%, better than forecasts

17 Oct 2024
Taiwanese chipmaker TSMC posted a 54% rise in third-quarter net profit on Thursday that beat market expectations as it continues to reap the rewards of surging demand for semiconductors used in artificial intelligence applications.
Microsoft's VP of GenAI research to join OpenAI

Microsoft's VP of GenAI research to join OpenAI

15 Oct 2024
Microsoft on Monday said that its vice president of GenAI research, Sebastien Bubeck, is leaving the company to join ChatGPT-maker OpenAI.

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