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FTC sues fintech app Dave over misleading $500 cash advance ads
06 Nov 2024

FTC sues fintech app Dave over misleading $500 cash advance ads

The U.S. Federal Trade Commission sued financial technology company Dave Inc in Los Angeles on Tuesday, accusing it of luring users to its personal finance app by advertising cash advances of up to $500 that many never receive.
Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

06 Nov 2024
Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.
French IT firm Atos agrees to sell Worldgrid unit to Alten

French IT firm Atos agrees to sell Worldgrid unit to Alten

05 Nov 2024
Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before end-2024.
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

05 Nov 2024
Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.
Siemens can make more acquisitions after Altair deal, exec tells paper

Siemens can make more acquisitions after Altair deal, exec tells paper

04 Nov 2024
Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair, managing board member Cedrik Neike said.
Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion
04 Nov 2024

Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion

Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.
Big Tech's AI splurge worries investors about returns

Big Tech's AI splurge worries investors about returns

01 Nov 2024
Big technology companies including Microsoft, Meta and Amazon are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested.
Google brings AI answers to map applications

Google brings AI answers to map applications

01 Nov 2024
Alphabet’s Google on Thursday announced a set of features that incorporated Gemini, its artificial intelligence chatbot, into its suite of mapping applications.
STMicroelectronics trims 2024 revenue outlook again

STMicroelectronics trims 2024 revenue outlook again

31 Oct 2024
European chipmaker STMicroelectronics on Thursday said its full-year revenue would come at the low end of the earlier guidance range, its third cut to the outlook this year amid weak demand from its industrial clients.
Siemens' $10.6 billion Altair deal seen boosting industrial software offering

Siemens' $10.6 billion Altair deal seen boosting industrial software offering

31 Oct 2024
Siemens announced a $10.6 billion deal to buy U.S. engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company’s presence in the fast-growing industrial software market.
Advantest hikes profit forecast as AI boosts testing demand
30 Oct 2024

Advantest hikes profit forecast as AI boosts testing demand

Japan’s Advantest on Wednesday hiked its full year operating profit forecast by almost a fifth to 165 billion yen ($1.08 billion) as strong demand for high performance artificial intelligence-related chips boosted its testing tools business. 
Chinese automaker Geely steps up challenge to BYD with new hybrid tech

Chinese automaker Geely steps up challenge to BYD with new hybrid tech

30 Oct 2024
China’s Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD.
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports

Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports

29 Oct 2024
Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development to create artificial intelligence software to improve self-driving, Nikkei reported on Tuesday.
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

29 Oct 2024
Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those systems, sending its shares up 6.4% in extended trading. 
Nvidia overtakes Apple as world's most valuable company

Nvidia overtakes Apple as world's most valuable company

28 Oct 2024
Nvidia dethroned Apple as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips.

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