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Rumble weighs near $1.2 billion bid for German AI cloud firm Northern Data
11 Aug 2025

Rumble weighs near $1.2 billion bid for German AI cloud firm Northern Data

U.S. video platform and cloud services provider Rumble is considering an offer of about $1.17 billion (1 billion euros) for German AI cloud group Northern Data, according to statements from both companies.
Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030

Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030

11 Aug 2025
South Korea’s SK Hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30% a year until 2030, a senior executive said in an interview with Reuters.
India tech giant TCS layoffs herald AI shakeup of $283 billion outsourcing sector

India tech giant TCS layoffs herald AI shakeup of $283 billion outsourcing sector

08 Aug 2025
Indian outsourcing giant Tata Consultancy Services’ decision to cut over 12,000 jobs signals the start of a broader AI-fueled trend that could end up eliminating around half a million jobs over the next two to three years from the $283 billion sector, experts said.
Tesla to streamline its AI chip design work, Musk say

Tesla to streamline its AI chip design work, Musk say

08 Aug 2025
Tesla will streamline its AI chip research to focus on its development of inference chips
SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks

SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks

07 Aug 2025
Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio.
Sony hikes profit forecast seeing smaller tariff impact
07 Aug 2025

Sony hikes profit forecast seeing smaller tariff impact

Sony raised its full-year operating profit forecast on Thursday by 4% to 1.33 trillion yen ($9.01 billion), citing factors including expectations of a smaller impact from U.S. President Donald Trump’s tariffs. 
Snap sinks as ad glitch, fierce competition stall growth

Snap sinks as ad glitch, fierce competition stall growth

06 Aug 2025
Snap shares plummeted nearly 17% in premarket trading on Wednesday as a weak quarter and mounting competition underscored the company’s struggle to keep pace with AI-driven peers.
Zalando adjusts 2025 guidance as concerns for H2 growth arise

Zalando adjusts 2025 guidance as concerns for H2 growth arise

06 Aug 2025
German online fashion marketplace Zalando adjusted its 2025 guidance to include newly acquired About You, but signs of higher inventories and discounting amid sluggish consumer sentiment fuelled concern for second-half growth.
Starlink rival Eutelsat beats estimates on Ukraine boost, government demand

Starlink rival Eutelsat beats estimates on Ukraine boost, government demand

05 Aug 2025
French satellite operator Eutelsat reported better-than-expected annual earnings on Tuesday, driven by growing interest in its satellite internet services from government and corporate customers.
Australia's internet network signs Amazon satellite service

Australia's internet network signs Amazon satellite service

05 Aug 2025
Australia’s state-owned internet network hired Amazon’s untested startup satellite service to link people who cannot access its terrestrial network, rather than tech entrepreneur Elon Musk’s Starlink.
Tesla approves share award worth $29 billion to CEO Elon Musk
04 Aug 2025

Tesla approves share award worth $29 billion to CEO Elon Musk

Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.
India's Bharti Airtel launches cloud, AI services for businesses, telcos

India's Bharti Airtel launches cloud, AI services for businesses, telcos

04 Aug 2025
CEO Tim Cook says Apple ready to open its wallet to catch up in AI

CEO Tim Cook says Apple ready to open its wallet to catch up in AI

01 Aug 2025
Apple CEO Tim Cook signaled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centers or buying a larger player in the segment, a departure from a long practice of fiscal frugality. 
Atos reports lower orders and revenue, but confirms outlook for 2025

Atos reports lower orders and revenue, but confirms outlook for 2025

01 Aug 2025
French IT group Atos reported a decline in its half-year orders and revenue on Friday, hit by subdued commercial activity in France and a challenging market environment, but reaffirmed its sales forecast for the full year.
Musk's xAI to sign chapter on safety and security in EU's AI code of practice

Musk's xAI to sign chapter on safety and security in EU's AI code of practice

31 Jul 2025
Elon Musk’s xAI on Thursday said it will sign a chapter on safety and security from the European Union’s code of practice, which aims to help companies comply with the bloc’s landmark artificial intelligence rules.

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