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Tech News
/ 2 months agoPowerful new AI models knock the wind out of European adopter stocks
A rout in shares of European companies embracing artificial intelligence deepened this week, as powerful new AI models raise questions about...
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Tech News
/ 2 months agoAccenture to buy Australian firm CyberCX in its largest-ever cyber deal
Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian...
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Tech News
/ 2 months agoChina’s ‘robot Olympics’ sees humanoids from 16 nations compete in table tennis, football, track
China kicked off a three-day long sports showcase for humanoid robots on Friday, looking to highlight progress in artificial intelligence and...
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Tech News
/ 2 months agoShein’s UK sales surge to $2.8 billion in 2024, boosting profits as IPO looms
Shein’s British business made 2.05 billion pounds ($2.77 billion) in sales in 2024, a 32.3% increase from the previous year, a...
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Tech News
/ 2 months agoTrump weighs taking stake in Intel, Bloomberg News reports
The Trump administration is in talks with Intel to have the U.S. government potentially take a stake in the struggling chipmaker,...
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Tech News
/ 2 months agoBrazilian digital lender Nubank posts 42% profit boost; shares jump
Nu Holdings , which runs Brazilian digital lender Nubank, posted on Thursday a 42% increase in its net profit from a...
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Tech News
/ 2 months agoHedge funds shift bets to double down on Big Tech amid AI boom
Wall Street’s largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the...
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Tech News
/ 2 months agoOnline retailer Shein’s UK revenue grew 32% in 2024
Shein’s British business made 2.05 billion pounds ($2.77 billion) in sales in 2024, a 32.3% increase from the previous year, a...
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Tech News
/ 2 months agoApplied Materials’ forecast hit by China pause, export‑license woes; shares down 13%
Applied Materials forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers...
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Tech News
/ 2 months agoActivist Starboard buys more Salesforce stock after first demanding change in 2022
Activist Starboard Value, one of the first investors to publicly push Salesforce to make changes three years ago, increased its stake...