Business News
Anthropic PBC is poised to finalise its latest funding round, potentially exceeding $30 billion at a valuation surpassing $900 billion, as early as next week, according to sources, positioning it ahead of competitor OpenAI to emerge as the most valuable
Artificial intelligence chipmaker Nvidia’s quarterly results exceeded Wall Street’s expectations once again, driven by substantial demand for its premium AI chips. The company reported on Wednesday that it generated $58.32 billion, translating to $2.39 per share, during the February-April timeframe.
Following its successful legal battle against Elon Musk, OpenAI, the creator of ChatGPT and currently valued at $852 billion, is poised for what may become one of the largest initial public offerings in history. Musk had been pursuing the removal
China has committed to acquiring 200 aircraft from Boeing Co., as stated by President Donald Trump, in a multibillion-dollar agreement that signifies the country’s inaugural purchase of US-manufactured commercial jets in almost ten years. Boeing shares experienced a decline of
Cisco announced on Wednesday its intention to reduce its workforce by nearly 4,000 positions, a move aligned with a restructuring strategy focused on reallocating investments towards artificial intelligence and associated growth sectors. The company also increased its annual revenue forecast
Saudi Aramco announced a first-quarter profit that exceeded analysts’ expectations, driven by a surge in oil and refined fuel prices due to the ongoing conflict. Adjusted net income increased by 26 percent to nearly 126 billion riyals ($33.6 billion) in
TSMC Sales Surge 17.5% Amid Ongoing AI Expansion
Taiwan Semiconductor Manufacturing Co reported a 17.5 per cent increase in its sales, underscoring the continued investment by hyperscalers fueling the AI boom. Sales in April increased to NT$410.7 billion. On average, analysts anticipate a 35 percent increase in TSMC’s
A federal judge has denied Alphabet Inc.’s request to halt an order mandating the tech giant to grant competitors access to its underlying search data, as the company appeals a ruling that it unlawfully monopolized the online search market. In
Blue Origin, the space venture founded by Jeff Bezos, has introduced a revised stock plan for its employees. This initiative aims to address employee dissatisfaction and enhance the competitiveness of its incentives in comparison to those offered by rival SpaceX,
A whirlwind of earnings reports provided insight into the performance of some of the largest tech companies in the realm of artificial intelligence. The conclusion: Alphabet Inc.’s Google is reaping significant benefits from its investments in AI, whereas Meta Platforms