EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.
The European Union is working on new rules to protect children from the addictive designs of social media such as TikTok, Meta and X, EU Commission President Ursula von der Leyen said on Tuesday.
AI systems require vastly more memory than consumer devices and supply chains are prioritising the needs of AI infrastructure rather than consumer electronics
Six Swiss banks have joined forces to test potential uses for a Swiss franc-pegged stablecoin in Switzerland, UBS said on Wednesday, as lenders grapple with the growing stablecoin industry and the wider growth of cryptocurrencies.
Southeast Asia’s top ride-hailing and delivery firm Grab believes artificial intelligence-led products and services will help it drive growth and navigate challenges such as affordability and rising fuel costs in the wake of the war in Iran, company CEO Anthony Tan told Reuters.
Russia sees Chinese tech giant Tencent’s WeChat messaging app and TikTok sister app Douyin as models for developing its own struggling Max messaging app, Vladimir Kiriyenko, CEO of state-controlled internet firm VK, said on Wednesday.
TikTok plans to invest 1 billion euros ($1.16 billion) to build a second data centre in Finland in less than a year as it moves data storage for European users to the continent, company officials said on Wednesday.
Malaysian Prime Minister Anwar Ibrahim said U.S. chipmaker Intel has announced an additional investment of 860 million ringgit ($208 million) in the country for assembly and testing operations.
Meta Platforms is in talks with Google to spend billions of dollars on the Alphabet-owned company’s chips for use in its data centers starting from 2027, The Information reported, a move that would cast Google as a serious rival to semiconductor giant Nvidia.
American Tower on Tuesday beat Wall Street estimates for third-quarter revenue, helped by strong data center demand and robust spending from telecom companies on network coverage.
Europe’s largest space groups unveiled a preliminary deal on Thursday to join forces in satellite manufacturing and services after months of negotiations to counter the runaway growth of rivals led by Elon Musk’s Starlink.