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European tech stocks gripped by U.S. recession fears
05 Aug 2024

European tech stocks gripped by U.S. recession fears

Shares of European tech and semiconductor stocks were down on Monday, as worries over a possible U.S. recession after soft data gripped financial markets and triggered a rush out of this year’s top-performing stocks and into safe-haven assets.
Delay to Nvidia's new AI chip could affect Microsoft, Google, Meta, the Information says

Delay to Nvidia's new AI chip could affect Microsoft, Google, Meta, the Information says

05 Aug 2024
Design flaws could cause a delay of three months or more in the launch of chip giant Nvidia’s upcoming artificial-intelligence chips, tech-focused publication the Information said on Friday.
Avast antivirus owner Gen forecasts strong quarterly revenue on robust software demand

Avast antivirus owner Gen forecasts strong quarterly revenue on robust software demand

02 Aug 2024
Cybersecurity firm Gen Digital forecast second-quarter revenue above Wall Street estimates on Thursday, a sign that customers will increase spending on antivirus solutions to safeguard their systems from digital threats.
Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi

Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi

02 Aug 2024
Japanese automakers Nissan Motor and Honda Motor have agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on Thursday.
Cognizant raises full year revenue forecast, beats Q2 results estimates

Cognizant raises full year revenue forecast, beats Q2 results estimates

01 Aug 2024
Cognizant Technology Solutions raised its annual revenue forecast and and beat second-quarter results estimates on Wednesday, aided by businesses turning to the IT services provider to digitize their operations.
AI boosts insurance tech financing, deepfakes a risk, report says
01 Aug 2024

AI boosts insurance tech financing, deepfakes a risk, report says

Global financing for insurance technology (insurtech) firms rose 40% to $1.27 billion in the second quarter from the previous three months, helped by money going into AI-focused businesses, reinsurance broker Gallagher Re said on Thursday.
Japan's Advantest hikes FY profit outlook by 53% on stronger chip tester demand

Japan's Advantest hikes FY profit outlook by 53% on stronger chip tester demand

31 Jul 2024
Japan’s Advantest hiked its full year operating profit forecast by 53% on Wednesday citing stronger than expected growth in demand for chip testing equipment. 
Brazil proposes $4 billion AI investment plan

Brazil proposes $4 billion AI investment plan

31 Jul 2024
Brazil’s government unveiled on Tuesday a 23 billion reais  ($4.07 billion) proposal for an artificial intelligence (AI) investment plan aimed at developing sustainable and socially-oriented technologies.
Apple used Google's chips to train two AI models, research paper shows

Apple used Google's chips to train two AI models, research paper shows

30 Jul 2024
Apple relied on chips designed by Google rather than industry leader Nvidia to build two key components of its artificial intelligence software infrastructure for its forthcoming suite of AI tools and features, an Apple research paper published on Monday showed.
Hewlett Packard Enterprise set for EU nod for $14 billion Juniper deal, sources say

Hewlett Packard Enterprise set for EU nod for $14 billion Juniper deal, sources say

30 Jul 2024
Hewlett Packard Enterprise (HPE) is expected to secure unconditional EU antitrust approval for its $14 billion acquisition of networking gear maker Juniper Networks, people familiar with the matter said.
China boosts financing support for smaller innovative tech companies
29 Jul 2024

China boosts financing support for smaller innovative tech companies

China will enhance support for small and medium-sized technology enterprises through its national financing guarantee fund, the finance ministry said on Friday, in a bid to leverage more  funding for the technology and innovation sector.
Shanghai launches $13.8 billion in funds to boost integrated circuit, biomedicine, AI sectors

Shanghai launches $13.8 billion in funds to boost integrated circuit, biomedicine, AI sectors

29 Jul 2024
China’s commercial hub Shanghai on Friday announced 100 billion yuan ($13.79 billion) in funds to boost its integrated circuit, biomedicine and artificial intelligence (AI) industries.
German software maker SAP's quarterly cloud revenue leaps 25%

German software maker SAP's quarterly cloud revenue leaps 25%

23 Jul 2024
Europe’s largest software maker SAP reported a 25% jump in its cloud business and beat analysts’ estimates for total revenue for the second quarter on Monday.
Computer parts maker Logitech lifts full-year outlook on upbeat Q1 results

Computer parts maker Logitech lifts full-year outlook on upbeat Q1 results

23 Jul 2024
Computer mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday, encouraged by strong quarterly growth.
Ocado partner Kroger orders new automated technologies

Ocado partner Kroger orders new automated technologies

22 Jul 2024
British online supermarket and technology group Ocado said on Monday its U.S. partner Kroger had placed an order for a wide range of new automated technologies to roll out in warehouses across its network.

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