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Amazon adds $230 million in cloud credits to AI startups
14 Jun 2024

Amazon adds $230 million in cloud credits to AI startups

Amazon said it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages. 
JPMorgan, Greek fintech, claim success in London court

JPMorgan, Greek fintech, claim success in London court

14 Jun 2024
Wall Street bank JP Morgan and Greek fintech boss Haris Karonis both claimed success on Thursday in a London court battle over how to value a joint business, paving the way for its potential sale.
Broadcom boosts revenue forecast from AI chips, unveils stock split

Broadcom boosts revenue forecast from AI chips, unveils stock split

13 Jun 2024
Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take advantage of a rally in its shares this year.
Samsung offers plan to speed up delivery of AI chips

Samsung offers plan to speed up delivery of AI chips

13 Jun 2024
Samsung Electronics said its contract manufacturing business plans to offer a one-stop shop for clients to get their AI chips made faster, integrating its global No. 1 memory chip, foundry, and chip packaging services, to harness the AI boom. 
Oracle expects double-digit revenue growth for fiscal 2025 on strong AI demand

Oracle expects double-digit revenue growth for fiscal 2025 on strong AI demand

12 Jun 2024
Oracle on Tuesday forecast revenue for fiscal 2025 to grow in double digits, above analysts’ estimates, indicating strong demand for its AI-powered cloud services, sending the company’s shares up 9% after the bell.
Japan's Advantest says AI demand boosting memory tester business
12 Jun 2024

Japan's Advantest says AI demand boosting memory tester business

Japan’s Advantest said on Wednesday booming demand for high bandwidth memory (HBM) used for artificial intelligence (AI) tasks is boosting its memory tester business. 
Cognizant to acquire Belcan for $1.3 billion

Cognizant to acquire Belcan for $1.3 billion

11 Jun 2024
Information technology services provider Cognizant Technologies said on Monday it has agreed to acquire digital engineering firm Belcan for nearly $1.3 billion in cash and stock.
Exclusive-Apollo, Kyndryl in bid for DXC Technology, sources say

Exclusive-Apollo, Kyndryl in bid for DXC Technology, sources say

11 Jun 2024
Buyout firm Apollo Global and Kyndryl Holdings, the information technology services provider that was spun out of IBM, are in talks about a joint bid for DXC Technology, people familiar with the matter said on Monday.
Microsoft unveils all-digital Xbox consoles, 'Doom' title at Games Showcase

Microsoft unveils all-digital Xbox consoles, 'Doom' title at Games Showcase

10 Jun 2024
Microsoft kicked off its annual Xbox Games Showcase on Sunday, unveiling a new all-digital version of its Xbox Series X and S consoles as well as trailers for more than a dozen games including the next installment of "Call of Duty."
LinkedIn disables tool for targeted ads to comply with EU tech rules

LinkedIn disables tool for targeted ads to comply with EU tech rules

10 Jun 2024
Microsoft’s LinkedIn has discontinued a tool that allows it to use sensitive personal data for targeted advertising in order to comply with EU online content rules, the social media platform said on Friday.
Meta's WhatsApp launches new AI tools for businesses
07 Jun 2024

Meta's WhatsApp launches new AI tools for businesses

Meta launched its first AI-driven ad targeting program for businesses on WhatsApp, as it tries to wring revenue out of the popular chat service, the company announced on Thursday at a conference in Brazil.
Banks say growing reliance on Big Tech for AI carries new risks

Banks say growing reliance on Big Tech for AI carries new risks

07 Jun 2024
The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said.
Salesforce to open first AI centre in London

Salesforce to open first AI centre in London

06 Jun 2024
Salesforce has picked London for its first AI centre, where it said industry experts, developers and customers will be able to collaborate on innovation and develop new skills.
Nvidia overtakes Apple as No. 2 most valuable company

Nvidia overtakes Apple as No. 2 most valuable company

06 Jun 2024
Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation breaching the $3 trillion mark and overtaking Apple to become the world’s second most valuable company.
Air Liquide plans $250 million plant to supply gas for chipmaker Micron

Air Liquide plans $250 million plant to supply gas for chipmaker Micron

05 Jun 2024
Air Liquide will invest $250 million on a new industrial gas plant in Idaho to supply U.S. chipmaker Micron Technology with ultra-pure nitrogen and other gases.

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