IBM shares fell more than 6% on Thursday, as reduced enterprise spending on non-GenAI projects pressured its consulting segment, clouding software unit strength.
Spanish lender Santander will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on Thursday.
Taiwan Semiconductor Manufacturing Co has suspended shipments to a customer after it discovered that one of its chips supplied to the client ended up in a Huawei product, according to a Taiwan official familiar with the situation.
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.
Texas Instruments beat third-quarter profit estimates on Tuesday, helped by a recovery in orders for its analog chips across segments and improving demand from China’s automotive market, sending its shares up 4% in extended trading.
Shares of Indian fintech firm Paytm jumped nearly 6% on Wednesday after the country’s payments regulator allowed the company to sign new users for digital payments via UPI, which analysts said removed a key regulatory overhang.
Facebook owner Meta said on Friday it was releasing a batch of new AI models from its research division, including a "Self-Taught Evaluator" that may offer a path toward less human involvement in the AI development process.
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.
Samsung Electronics has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar with the matter said.
Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages.
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.
The co-founder of payments giant Adyen has begun scaling up his new business software firm Tebi, securing a 20 million euro ($22 million) investment from Index Ventures.
Chinese autonomous driving firm Horizon Robotics is aiming to raise up to $696 million in a Hong Kong initial public offering, as the city’s listings market shows signs of renewed activity after a nearly two-year slump.
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