The EU General Court has delivered mixed rulings in two antitrust cases against tech giants Google and Qualcomm. Google successfully challenged a €1.49 billion fine imposed by the EU for abusing its dominance in the …
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AI Chip Startup Groq Raises $640 Million, Valuation Hits $2.8 Billion
Semiconductor startup Groq has secured a significant $640 million Series D funding round, propelling its valuation to a substantial $2.8 billion. The investment round, led by prominent investors including Cisco Investments, Samsung Catalyst Fund, and …
Continue readingInfineon Cuts 1,400 Jobs Worldwide, Relocates Another 1,400 to Lower-Cost Regions
German chipmaker Infineon is implementing a significant restructuring plan, announcing cuts of 1,400 jobs globally and relocating another 1,400 positions to countries with lower labor costs. This move is part of a previously announced cost-savings …
Continue readingIntel Stock Plunges 20% in Worst Selloff Since 2000 Amid Turnaround Struggles
Intel’s stock is set to plummet by nearly 20% in pre-market trading, marking its worst single-day decline since 2000. This dramatic drop comes after the company announced a 15% workforce reduction and the suspension of …
Continue readingMeta’s Strong Ad Revenue Fuels AI Investments, Stock Soars 7%
Meta Platforms Inc. (META.O) shares soared 7% on Thursday after the tech giant beat quarterly revenue estimates and forecast upbeat third-quarter sales. Strong digital ad spending on its social media platforms, coupled with AI investments, …
Continue readingSpaceX’s Falcon 9 Cleared for Launch After Investigation
SpaceX’s Falcon 9 rocket is cleared for launch after a thorough investigation by the Federal Aviation Administration (FAA). The FAA determined that there were no public safety concerns related to the anomaly that occurred during …
Continue readingSamsung’s Galaxy Ring: A Solid Smart Ring, But Only For Samsung Users
Samsung has entered the smart ring market with the Galaxy Ring, a device that promises discreet health tracking and seamless integration with other Samsung devices. While the Ring offers impressive hardware and a comfortable design, …
Continue readingSTMicroelectronics Cuts Full-Year Outlook Again, Shares Plunge 13.5%
STMicroelectronics (STM), a leading chipmaker supplying companies like Tesla and Apple, has slashed its full-year revenue and profit forecasts for the second time. The company attributed the revision to a “longer and more pronounced correction …
Continue readingOracle Partners with Rai Way for Enhanced AI and Cybersecurity Solutions in Italy
Oracle, a leading technology company, has partnered with Rai Way, an Italian infrastructure firm, to install its AI systems at Rai Way’s data centers. This collaboration will provide Oracle’s corporate clients with access to its …
Continue readingTesla to Invest $5 Billion in Elon Musk’s xAI? Poll Shows Strong Support
Elon Musk, CEO of Tesla, has sparked a debate among social media users after launching a poll asking if the electric carmaker should invest $5 billion in his artificial intelligence startup, xAI. The poll, posted …
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