Japanese technology investor SoftBank Group has recently talked with banks about borrowing money to invest up to $10 billion in energy-related projects, The Information reported on Thursday.
Samsung Electronics estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from a low base a year ago.
Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage.
Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices.
UBS is seeing a shift in the way clients are interacting with their bankers powered by artificial intelligence, the head of the Swiss bank’s domestic business Sabine Keller-Busse said on Tuesday.
Italian payments group Nexi said it had signed a partnership with Amazon’s local arm allowing clients of the e-commerce giant to shop on its Italian website paying with a local debit card service dubbed BANCOMAT Pay.
Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the world’s second-largest economy.
Google said it has taken a stake in Taiwan’s New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of suppliers.
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on Monday.
Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla’s Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said.
Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi-billion-euro chip factory in Italy, the industry ministry said on Friday.
Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker’s market value.
French technology firm Atos said on Wednesday a consortium led by investor David Layani’s Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a definitive agreement by July.
Britain’s competition regulator said on Wednesday it was investigating whether Hewlett Packard Enterprise’s planned $14 billion acquisition of Juniper Networks would result in competition concerns in the country.
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