DeepSeek could be valued at up to $50 billion in first fundraising, sources say

Chinese AI startup DeepSeek could be valued at as much as $50 billion in ​its maiden fundraising drive, three sources said,...

India’s Coforge adds half a billion USD in market value on upbeat outlook

India’s Coforge stock added more than $500 million in market capitalisation on Wednesday, closing 9.5% higher at 1,280 rupees, after the...

AMD forecast sparks AI‑driven rally in US chipmaker stocks

U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices’ strong outlook boosted investor confidence about sustained demand for AI infrastructure...

SpaceX IPO gives Musk sweeping power and curbs shareholder rights

SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving founder Elon Musk virtually unchecked...

Schneider Electric to launch Southeast Asia training hub in Malaysia

French energy technology firm Schneider Electric plans to open a Southeast Asian training centre in Malaysia this year, ​a senior executive...

SpaceX files plan for $55 billion Terafab chip facility in Texas

Elon Musk’s SpaceX has proposed an initial investment of $55 billion to build a semiconductor manufacturing facility, called Terafab, in Texas,...

Hut 8 signs about $10 billion AI data center lease in Texas, shares jump

Hut 8 said on ‌Wednesday it had signed a 15-year lease worth $9.8 billion for its Beacon Point data center campus...

Uber forecasts strong second-quarter bookings despite Middle East woes

Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on ‌strong demand for ride-hailing and delivery services, even though...

EU plan to phase out Chinese tech could cost bloc over $400 billion, Chinese study says

European Union proposals to tighten cybersecurity by phasing out equipment from Chinese suppliers risk costing the bloc over $400 billion in...

Global Payments quarterly profit rises on resilient consumer spending

Payment technology company Global Payments reported a rise in first-quarter adjusted profit on ​Wednesday, helped by resilient consumer spending despite ‌geopolitical...