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Super Micro to hire new CFO, says independent review finds no evidence of fraud
03 Dec 2024

Super Micro to hire new CFO, says independent review finds no evidence of fraud

Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker’s accounting practices, the company said on Monday.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

03 Dec 2024
The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.
Czech online grocer Rohlik valued at nearly $2 billion, document shows

Czech online grocer Rohlik valued at nearly $2 billion, document shows

02 Dec 2024
Czech online grocer Rohlik Group’s valuation has nearly doubled from three years ago to 1.85 billion euros ($1.95 billion), calculations from bond issue documents show.
Naspers' half-year profit jumps on strong e-commerce, Tencent

Naspers' half-year profit jumps on strong e-commerce, Tencent

02 Dec 2024
South African technology investor Naspers posted a 74% jump in its half-year core headline earnings, driven by accelerated growth and improved profitability of its e-commerce businesses and contribution from China’s Tencent.
Worldline says payment services disruptions in Italy not yet resolved

Worldline says payment services disruptions in Italy not yet resolved

29 Nov 2024
French digital payments company Worldline on Friday said gas roadworks accidentally damaged its network connection to its data centres in Italy, disrupting services for customers that have yet to be resolved.
Australia passes social media ban for children under 16
29 Nov 2024

Australia passes social media ban for children under 16

Australia approved on Thursday a social media ban for children aged under 16 after an emotive debate that has gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting Big Tech.
Telefonica Germany tests quantum technologies in pilot with AWS

Telefonica Germany tests quantum technologies in pilot with AWS

28 Nov 2024
Telefonica Germany and Amazon Web Services (AWS) are working on a pilot to test quantum technologies in the telecom operator’s mobile network, executives from the two companies said.
ASML, peers rally on report US curbs on China chips could stop short of proposals

ASML, peers rally on report US curbs on China chips could stop short of proposals

28 Nov 2024
Shares of ASML and its peers in the European computer chip equipment sector climbed on Thursday after Bloomberg News reported that the Biden administration’s China chip curbs could be less severe than expected.
French genAI startup LightOn rises on market debut

French genAI startup LightOn rises on market debut

27 Nov 2024
Shares of LightOn, Europe’s first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday.
Pony AI's $260 million IPO gauges U.S. investor appetite for Chinese firms

Pony AI's $260 million IPO gauges U.S. investor appetite for Chinese firms

27 Nov 2024
China’s Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in U.S. markets. 
Google proposes fresh tweaks to search results in Europe
26 Nov 2024

Google proposes fresh tweaks to search results in Europe

Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic to their sites resulting from previous tweaks by the Alphabet unit and as EU antitrust regulators consider levying charges against the company under new EU tech rules.
How AI and cloud computing may delay the transition to clean energy

How AI and cloud computing may delay the transition to clean energy

22 Nov 2024
A spike in electricity demand from the world’s big data providers is raising a worrying possibility for the world’s climate: a near-term surge in fossil-fuel use.
Nvidia's AI chip demand still booming but slowing sales growth worries investors

Nvidia's AI chip demand still booming but slowing sales growth worries investors

22 Nov 2024
Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, with the artificial intelligence chipmaker failing to meet lofty expectations of some investors who have made it the world’s most valuable firm.
Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say

Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say

21 Nov 2024
China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with the matter.
US watchdog issues final rule to supervise Big Tech payments, digital wallets

US watchdog issues final rule to supervise Big Tech payments, digital wallets

21 Nov 2024
Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said.

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