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Explained: Why Oracle shares crashed 10% in extended trading despite earnings beatOracle shares fell sharply in after-hours trading despite beating earnings estimates, as investors reacted to aggressive AI spending plans ...- LSEG slowly sheds 'AI risk' tag with drive to show growthLSEG shares tumbled nearly 13% in one day in February as worries about the threat posed by large language artificial intelligence models li...
- South Korea fines Coupang $409 million in country's largest data breach penaltyThe Personal Information Protection Commission said the New York-listed company had leaked personal data of more than 33 million customers ...
- OpenAI considers drastic price cuts, anticipating war for users with Anthropic: ReportThe company might lower prices for tokens, the central unit for gauging AI costs, though the discussions are still in flux, the report add...
- SpaceX IPO: $1.75 trillion valuation among 5 risks about world’s biggest stock market debutElon Musk's SpaceX is preparing for a historic $75 billion IPO, aiming for a $1.75 trillion valuation despite reporting significant losses....
- Xpeng boss to head robot unit with humanoid mass production imminentThe announcement follows market talk that Shi Xiaoxin, a core executive involved in the IRON project, had left the company earlier this mo...
- Ride-hailing app Bolt expands to Italy in bid to shake up underserved marketEstonia-based Bolt will work with hundreds of drivers in Milan - either official cab drivers or private hire car drivers - and expects to s...
- Emirates to offer incentives, safety assurances as Iran war hits travelEmirates plans incentives beyond lower fares to attract passengers concerned about the Iran war. The airline prioritizes reliability and cu...
- AI coding startup Cursor, courted by SpaceX, picks London as European hubElon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April it had secured an option to either acquire code-...
- INSIGHT-How Honda's old guard tried, and failed, to oust its CEOHonda is encountering significant disputes as a faction of retired executives pushes for the removal of CEO Toshihiro Mibe. Citing his fail...
- US stocks | Alphabet taps Intel to make three million in-house chips: ReportNvidia has not placed an order with Intel yet, but has been evaluating whether the company's technology can be used to make a processor tha...
- AOL, Vimeo parent Bending Spoons files for US IPOBending Spoons, an Italian tech firm, has filed for a US initial public offering. The company, which acquired AOL and Eventbrite, could be ...
- India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...
- Uber opens sign-ups for London robotaxis ahead of launch in monthsUber is launching its first robotaxi service in London. Users can now sign up for a chance to ride in these AI-driven vehicles. The service...
- Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'Londoners can now sign up for a chance to experience the city's first robotaxis. Uber is partnering with British start-up Wayve to offer ri...
- China's global ecommerce push stalls as Iran war lifts costs, dampens demandThe business models, based on flying $5 dresses from Chinese factories to shoppers around the world, were already under pressure after U.S....
- Iraqi striker Aymen Hussein questioned for hours at Chicago Airport ahead of FIFA World CupIraq's World Cup preparations were disrupted as star striker Aymen Hussein was detained and questioned for nearly seven hours upon arrival ...
- Global Market: Hong Kong financial stocks tumble as China tightens capital outflow controlsHong Kong financial shares fell Friday. Beijing's new capital controls are causing concern. Global banks with mainland China business face ...
- Global Market: China's services sector growth hits three-month high in May, demand improvesChina's services sector experienced its fastest growth in three months during May, driven by robust domestic demand and a rebound in overse...
- Arm Holdings CEO says US would have difficulty banning AI CPU chip exports to ChinaArm Holdings CEO Rene Haas said on Tuesday that it would be difficult to block the export of CPUs to China that are useful for AI becaus...
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