Today: October 04, 2024
Today: October 04, 2024

Latest From Harshita Mary Varghese

Business|Finance|Stock Markets|Technology

Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips

Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher than expected first-quarter revenue due to the thirst for

Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips
Business|Technology

OpenAI's technology chief Mira Murati, two other research executives to leave

Three top technical leaders at Microsoft-backed OpenAI quit on Wednesday, the latest in a string of executive departures this year coming at a time of flux for the ChatGPT

OpenAI's technology chief Mira Murati, two other research executives to leave
Environment|Technology

More firm clean power needed to hit California climate goals, Edison Intl. CEO says

Fully decarbonizing California's electrical grid will require more firm clean power sources, including advanced geothermal and natural gas with carbon capture, Edison

More firm clean power needed to hit California climate goals, Edison Intl. CEO says
Business|Finance|Technology

PayPal to allow cryptocurrency buying, holding and selling for US merchants

PayPal Holdings announced on Wednesday it is enabling U.S. merchants to buy, hold and sell cryptocurrency from their business accounts.

PayPal to allow cryptocurrency buying, holding and selling for US merchants
Americas|Business|Finance|Technology

MercadoLibre's fintech arm applies for banking license in Mexico

Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, has submitted its request for a banking license to the Mexican regulator, the unit said on Wednesday.

MercadoLibre's fintech arm applies for banking license in Mexico
Asia|Business|Technology

Foreign smartphone sales in China drop 12.7% in August, data show

Sales of foreign-branded smartphones, including Apple Inc's iPhone, in China fell 12.7% in August year-on-year, according to data released on Wednesday from a government-affiliated

Foreign smartphone sales in China drop 12.7% in August, data show
Asia|Business|Technology

Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE

Uber Technologies and WeRide announced a partnership on Wednesday to bring the Chinese self-driving technology firm's vehicles to the rideshare platform, starting in the United Arab

Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE
Business|Economy|Europe|Finance|Stock Markets|Technology

European shares end marginally lower as energy stocks drop

Europe's STOXX 600 closed slightly lower on Wednesday as energy stocks tracked lower crude oil prices, while Germany's SAP slipped on news that the

European shares end marginally lower as energy stocks drop
Business|Europe|Finance|Stock Markets|Technology

France's Orange to exit New York Stock Exchange

French telecom operator Orange intends to delist its shares from the New York Stock Exchange (NYSE), it said on Wednesday, citing the financial and administrative requirements of the

France's Orange to exit New York Stock Exchange
Business|Economy|Finance|Technology

US investigates SAP, Carahsoft over price-fixing claims, Bloomberg News reports

The U.S. is investigating German software firm SAP, U.S.

US investigates SAP, Carahsoft over price-fixing claims, Bloomberg News reports
Business|Europe|Technology

Meta will not immediately join EU's AI Pact ahead of new law

Meta Platforms will not immediately join the European Union's AI Pact, a company spokesperson said on Tuesday.

Meta will not immediately join EU's AI Pact ahead of new law
Business|Entertainment|Technology

'Titanic' director James Cameron joins Stability AI board

Stability AI said on Tuesday James Cameron, the director of "Titanic" and "The Terminator" movies, had joined the artificial intelligence startup's board.

'Titanic' director James Cameron joins Stability AI board
Americas|Business|Finance|Technology

Microsoft to spend $1.3 billion in Mexico on cloud, AI tech

Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence, the company

Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
Business|Finance|Stock Markets|Technology

Warburg Pincus exits India's CarTrade Tech in $45 million share sale

U.S.-based private equity firm Warburg Pincus's unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees

Warburg Pincus exits India's CarTrade Tech in $45 million share sale
Business|Entertainment|Finance|Technology

Paramount Global begins second phase of layoffs in U.S., internal memo says

Paramount Global has begun the second phase of its planned layoffs in the United States as the media giant pushes toward increasing profitability, according to an internal memo seen by

Paramount Global begins second phase of layoffs in U.S., internal memo says
Americas|Business|Technology

Musk says his companies are looking to invest in Argentina

Elon Musk, the CEO of Tesla and SpaceX, said in a post on X on Tuesday that his companies were looking for ways to invest in Argentina and support the South American nation.

Musk says his companies are looking to invest in Argentina
Business|Finance|Stock Markets|Technology

Smartsheet to go private in $8.4 billion deal with PE firms Vista and Blackstone

Workplace collaboration software maker Smartsheet will be taken private by Vista Equity Partners and Blackstone in a deal worth $8.4 billion, the companies said on Tuesday, in

Smartsheet to go private in $8.4 billion deal with PE firms Vista and Blackstone
Business|Europe|Technology

Boeing expects disruption 2-3 weeks beyond end of strike, says Ryanair

Boeing has told major customer Ryanair that production is likely to be disrupted for two to three weeks after the end of the current strike, Ryanair Group Chief Executive Michael

Boeing expects disruption 2-3 weeks beyond end of strike, says Ryanair
Business|Finance|Technology

Qualcomm's potential bid for Intel turns the spotlight on their products

Qualcomm has approached the once-dominant chipmaker Intel for a potential buyout, turning the spotlight on the portfolio of products these chip companies have to offer.

Qualcomm's potential bid for Intel turns the spotlight on their products
Asia|Business|Economy|Technology

Taiwan August export orders beat forecasts on solid demand for AI

Taiwan's export orders exceeded expectations in August as demand for chips used for artificial intelligence (AI) applications continued to climb, with the government seeing the

Taiwan August export orders beat forecasts on solid demand for AI
Business|Europe|Finance|Technology

China's Leapmotor and Stellantis open orders in Europe for budget EVs

China's Leapmotor is set to start taking orders in Europe for a city car and an SUV, the automaker and its partner Stellantis said on Tuesday, as they expand their budget electric

China's Leapmotor and Stellantis open orders in Europe for budget EVs
Business|Europe|Finance|Technology

EU Commission clears Swisscom-Vodafone Italia deal

The European Commission has approved an acquisition of Vodafone Italia by Swisscom under the foreign subsidies regulation, the Swiss telecoms company said on Tuesday.

EU Commission clears Swisscom-Vodafone Italia deal
Business|Finance|Technology

Microsoft may pay Constellation premium in Three Mile Island power agreement, Jefferies says (Sept 23)

Microsoft is estimated to pay Constellation

Microsoft may pay Constellation premium in Three Mile Island power agreement, Jefferies says (Sept 23)
Election|Technology|World

Russia produced most AI content to sway presidential vote, US intelligence official says

Russia has generated more AI content to influence the U.S. presidential election than any other foreign power as part of its broader

Russia produced most AI content to sway presidential vote, US intelligence official says
Business|Technology

FAA vows to hold Boeing accountable, revamp agency safety program

The head of the Federal Aviation Administration will tell Congress on Tuesday the agency will hold Boeing accountable to ensure the planemaker is building

FAA vows to hold Boeing accountable, revamp agency safety program

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