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Workday forecasts lukewarm quarterly subscription revenue, shares fall
23 May 2025

Workday forecasts lukewarm quarterly subscription revenue, shares fall

Workday forecast second-quarter subscription revenue in line with Wall Street expectations on Thursday, anticipating weakening client spending on its human capital management software due to economic uncertainty, sending its shares down 5% in extended trading.
Rio Tinto's Chile deals bet on unproven technology and lithium price bounce

Rio Tinto's Chile deals bet on unproven technology and lithium price bounce

23 May 2025
Global miner Rio Tinto will tackle one of the biggest technological challenges in the lithium industry as it takes the lead in Chile’s first major projects involving the battery metal in years, alongside state-run mining companies Codelco and ENAMI. 
Citi launches AI tools for Hong Kong employees

Citi launches AI tools for Hong Kong employees

22 May 2025
Citigroup has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on Thursday.
China's Xiaomi founder expects new electric SUV to hit market in July

China's Xiaomi founder expects new electric SUV to hit market in July

22 May 2025
Xiaomi’s new electric SUV, the YU7, is expected to enter the market in July, founder and CEO Lei Jun said in a Weibo post on Thursday.
China's Baidu reports first-quarter revenue tops estimates, signalling advertising recovery

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

21 May 2025
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 
21 May 2025

German chipmaker Infineon to work with Nvidia on power delivery chips 

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

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

19 May 2025
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
16 May 2025

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

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

Sony forecasts flat profit this year as tariffs bite

14 May 2025
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. 

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