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China's Baidu reports first-quarter revenue tops estimates, signalling advertising recovery
21 May 2025

China's Baidu reports first-quarter revenue tops estimates, signalling advertising recovery

Search engine giant Baidu on Wednesday reported its quarterly revenue rose by 3%, indicating some recovery in the Chinese advertising market.
German chipmaker Infineon to work with Nvidia on power delivery chips 

German chipmaker Infineon to work with Nvidia on power delivery chips 

21 May 2025
German chipmaker Infineon said on Tuesday it will work with Nvidia on developing chips for new power delivery systems inside artificial intelligence data centers.
Indian healthcare AI startup Qure.AI aiming for IPO in two years, CEO says

Indian healthcare AI startup Qure.AI aiming for IPO in two years, CEO says

20 May 2025
Qure.AI, an India-based startup providing artificial intelligence tools to healthcare firms, is aiming to turn profitable in the next financial year and for an initial public offer (IPO) in two years, its CEO told Reuters.
Exclusive-Intel explores sale of networking and edge unit, sources say

Exclusive-Intel explores sale of networking and edge unit, sources say

20 May 2025
Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said.
Half of China's heavy truck sales could be EVs by 2028, CATL says

Half of China's heavy truck sales could be EVs by 2028, CATL says

19 May 2025
Half of China’s sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report.
Nvidia in advanced talks to invest in PsiQuantum, The Information reports
19 May 2025

Nvidia in advanced talks to invest in PsiQuantum, The Information reports

Nvidia is in advanced talks to invest in quantum computing startup PsiQuantum, The Information reported on Sunday. 
Wistron says new US plants will be ready for Nvidia's server production next year

Wistron says new US plants will be ready for Nvidia's server production next year

16 May 2025
Taiwanese electronics manufacturer Wistron said on Friday that its new U.S. manufacturing facilities for its customer Nvidia would be ready next year and the firm was in talks with potential other customers.
Japan's TDK accelerates launch of next-generation battery

Japan's TDK accelerates launch of next-generation battery

16 May 2025
Electronic components manufacturer TDK Corp is accelerating the launch of its next-generation silicon anode batteries, with preparations running ahead of schedule and demand from smartphone makers. 
Coreweave signs new $4 billion deal with OpenAI, filing shows

Coreweave signs new $4 billion deal with OpenAI, filing shows

15 May 2025
Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI under which the ChatGPT maker has committed to pay Coreweave up to $4 billion through April 2029, a regulatory filing showed on Thursday.
AI firm Cohere doubles annualized revenue to $100 million on enterprise focus

AI firm Cohere doubles annualized revenue to $100 million on enterprise focus

15 May 2025
AI startup Cohere has doubled its annualized revenue since the beginning of the year, driven by growing demand for secure, customized AI tools among enterprise clients in regulated sectors, the company told Reuters.
Sony forecasts flat profit this year as tariffs bite
14 May 2025

Sony forecasts flat profit this year as tariffs bite

Sony said on Wednesday it expects operating profit to rise 0.3% to 1.28 trillion yen ($8.7 billion) in the financial year ending in March, after factoring in a 100 billion yen hit from U.S. President Donald Trump’s trade war. 
Samsung to buy German cooling system maker FlaktGroup for $1.7 billion

Samsung to buy German cooling system maker FlaktGroup for $1.7 billion

14 May 2025
Samsung Electronics said on Wednesday it had agreed to buy Germany’s FlaktGroup for 1.5 billion euros ($1.68 billion) as it looks to meet growing demand for cooling of data centres used for artificial intelligence projects.
Italian payment app Satispay teams up with Amundi in money market fund service

Italian payment app Satispay teams up with Amundi in money market fund service

13 May 2025
Italy’s Satispay said on Monday it would start offering its 5.5 million users a way to earn a return on their cash, in a move that heightens the mobile payment firm’s competition with high street banks.
China's AI-powered humanoid robots aim to transform manufacturing

China's AI-powered humanoid robots aim to transform manufacturing

13 May 2025
In a sprawling warehouse in a Shanghai suburb, dozens of humanoid robots are manoeuvred by their operators to carry out tasks like folding a T-shirt, making a sandwich and opening doors, over and over again.
Exclusive-Nvidia modifies H20 chip for China to overcome US export controls, sources say

Exclusive-Nvidia modifies H20 chip for China to overcome US export controls, sources say

12 May 2025
Nvidia plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, three sources familiar with the matter told Reuters.

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