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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.
Santander will have a full-service digital bank in US by end-2025, chair says

Santander will have a full-service digital bank in US by end-2025, chair says

25 Oct 2024
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.
TSMC halts chip supply to customer after finding it in Huawei product, source says

TSMC halts chip supply to customer after finding it in Huawei product, source says

24 Oct 2024
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.
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.
TI profit beats points to China automotive chip rebound as industrial weakness persists

TI profit beats points to China automotive chip rebound as industrial weakness persists

23 Oct 2024
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.
Indian payments firm Paytm's shares jump as nod for new UPI users clears key risk
23 Oct 2024

Indian payments firm Paytm's shares jump as nod for new UPI users clears key risk

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.
AI Talk: Master your GenAI destiny

AI Talk: Master your GenAI destiny

22 Oct 2024
Discover how leveraging data can enhance your understanding of customer needs, improve retention rates, and streamline communication.
Meta releases AI model that can check other AI models' work

Meta releases AI model that can check other AI models' work

21 Oct 2024
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.
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.
Bain & Co, OpenAI expand partnership to sell AI tools to clients

Bain & Co, OpenAI expand partnership to sell AI tools to clients

18 Oct 2024
Bain & Co said on Thursday it will expand its partnership with OpenAI to sell the AI startup’s tools, including ChatGPT, to the consultancy’s clients.
Exclusive-Samsung delays taking deliveries of ASML chip gear for its new US factory, sources say
18 Oct 2024

Exclusive-Samsung delays taking deliveries of ASML chip gear for its new US factory, sources say

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 launches desktop platform, adds futures and index options trading to app

Robinhood launches desktop platform, adds futures and index options trading to app

17 Oct 2024
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.
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.
Adyen co-founder's new firm Tebi raises $22 million to expand

Adyen co-founder's new firm Tebi raises $22 million to expand

16 Oct 2024
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.
Horizon Robotics seeks $696 million in Hong Kong IPO, would be city's largest in 2024

Horizon Robotics seeks $696 million in Hong Kong IPO, would be city's largest in 2024

16 Oct 2024
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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