Nokia reported a 32% drop in Q2 operating profit due to sluggish 5G equipment demand, yet expects improvement later. Operating profit dropped to 423 million euros…
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Apple’s stock hit a record high as Morgan Stanley’s increased price target and “top pick” status highlighted AI’s potential sales impact. To compete with Google and…
Microsoft relinquished its board observer seat at OpenAI, citing improved governance and addressing regulatory scrutiny concerns. Apple will not join OpenAI’s board, despite expectations, after announcing…
Samsung Electronics estimated Friday a 15-fold rise in Q2 operating profit due to rebounding semiconductor prices from the AI boom. Samsung, the top memory chip, smartphone,…
Brazil’s National Data Protection Authority (ANPD) immediately suspended Meta’s new privacy policy for using personal data to train AI systems. Published in Brazil’s official gazette, ANPD’s…
British fintech Revolut achieved a record pretax profit of £438 million in 2023, driven by strong user growth and rising interest income. Revolut reported a record…
Apple may face a sizable fine if EU antitrust investigators find it violated the bloc’s digital regulations.The iPhone manufacturer is also subject to an additional inquiry…
Backed by Microsoft, OpenAI acquires Rockset, a search and database analytics company, for an undisclosed sum. Vector search, a feature that Rockset provides, has seen a…
As demand rises in Germany, Europe’s largest economy, Amazon announced a 10 billion euro ($10.75 billion) investment on Wednesday. This investment underscores Amazon’s commitment to expanding…
Nvidia Surpasses Microsoft as Most Valuable CompanyOn Tuesday, Nvidia overtook Microsoft as the most valuable company, due to its high-end processors crucial for AI dominance.In a…