technology
Technology
Qualcomm chip sales to Chinese smartphone makers fuel strong results
Technology
Understanding the importance of cybersecurity threat intelligence in the financial services industry
Technology
Majority of government bodies refuse to buy into cyber insurance despite increasing breach risks
Technology
CFE Finance Group acquires 100% of TechStar, a leader in the Metaverse A €6 million investment in the Meta Presence® platform
Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel’s Altera unit, sources say
Date: November 5, 2024
By Milana Vinn (Reuters) – Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a minority stake in Altera, the programmable chips business that Intel acquired for nearly $17 billion in 2015, according to people familiar with the matter. Intel, which has already taken steps...
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
Date: November 5, 2024
By Arsheeya Bajwa (Reuters) -Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology. Shares of the data analytics company rose about 13% in extended trading. Palantir has benefited from a...
Market value of Nvidia and TSMC surges in October on strong AI chip demand
Date: November 4, 2024
(Reuters) – Nvidia led a surge in market value among global firms in October, buoyed by unrelenting demand for its new supercomputing artificial intelligence chips as more companies integrate AI into their daily operations. Nvidia’s market cap rose 9.3% in October to $3.26 trillion, while the company’s supplier, TSMC, saw its market value increase 6.5%...
EU to assess if Apple’s iPad OS complies with bloc’s tech rules
Date: November 4, 2024
By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) – EU antitrust regulators will assess whether Apple’s operating system for iPads comply with the bloc’s landmark rules aimed at reining in the power of Big Tech, the European Commission said on Monday. The move by the EU executive, which acts as the bloc’s competition enforcer,...
Aermont submits highest offer for data centre operator Nabiax, sources say
Date: November 1, 2024
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – European asset manager Aermont Capital has submitted the highest binding offer for Spanish data centre operator Nabiax, two people familiar with the matter told Reuters. Shareholder Asterion Industrial Partners and telecoms operator Telefonica received binding offers this week as part of an ongoing sale process, said...
A year on, Intel’s touted AI-chip deals have fallen short
Date: November 1, 2024
By Jeffrey Dastin (Reuters) – Intel’s upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectations. The chipmaker scrapped its recent forecast that in 2024 it would sell more than $500 million worth of Gaudi accelerator chips, so called because...