Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tuesday.
Alibaba announced on Wednesday a partnership with Nvidia, global data center expansion plans and new artificial intelligence products, as it positions AI as a core business priority alongside its traditional e-commerce operation.
European Union finance ministers will seek to reach a common position on Friday on how to set up a digital euro currency that could become an alternative to the now dominant U.S.-based Visa and Mastercard systems.
The Indonesia Investment Authority is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund seeks foreign partners and supports the nation’s economic development, its chief investment officer told Reuters.
Artificial intelligence could boost the value of trade in goods and services by nearly 40% by 2040, but without adequate policies it could also exacerbate economic divides, a new World Trade Organization report warned on Wednesday.
Databricks has acquired a minority stake in data and artificial intelligence consultancy Indicium, the companies said on Tuesday, marking the San Francisco-based firm’s first investment in a startup founded in Latin America.
Nvidia’s RTX6000D, its newest artificial intelligence chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said.
Oracle shares soared about 33% before the bell on Wednesday after the company pointed to a demand surge for its cloud services from AI firms, underscoring its deeper push into the backbone of artificial intelligence systems.
Swedish fintech Klarna will begin trading on the New York Stock Exchange later on Wednesday after raising $1.37 billion in its initial public offering, ending a years-long wait for a listing and reinforcing a rebound in the U.S. IPO market.
Madrone Partners-backed StubHub is targeting a valuation of up to $9.2 billion in its U.S. initial public offering, the ticket reseller said on Monday, becoming the latest company to resume listing plans delayed in April due to tariff uncertainty.
Nebius Group said on Monday it will provide Microsoft with GPU infrastructure capacity, in a deal worth $17.4 billion, over a five-year term, sending its shares soaring over 47% after the bell.
North Korean hackers are saturating the cryptocurrency industry with credible-sounding job offers as part of their campaign to steal digital cash, according to new research, raw data, and interviews.
Some Google services including YouTube temporarily went down on Thursday in Turkey and some parts of Europe including Greece and Germany, according to a Turkish deputy minister, internet monitors and users in the regions.
Fashion retailer Zalando lost a court battle against EU online content rules on Wednesday, boosting EU tech regulators’ efforts to force online platforms to do more to tackle illegal and harmful content on their platforms.