As America’s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?
LTIMindtree is doubling down on AI with investments in a newly-launched platform that helps companies adopt the technology, its top boss said, as India’s $283-billion IT industry faces broader cuts in non-essential spending by clients.
Nokia’s CEO Justin Hotard said artificial intelligence is driving a long-term growth trend that resembles the internet boom of the 1990s, but downplayed concerns about a potential bubble.
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.
Nokia reported third-quarter profit which was ahead of market expectations on Thursday, driven by strong optical and cloud demand, including AI-focused data centre sales following its Infinera acquisition.
A U.S. court has ordered Israel’s NSO Group to stop targeting Meta Platforms’ WhatsApp messaging service, a development the spyware company warned could put it out of business.
TSMC, the world’s biggest producer of advanced chips, raised its full-year revenue forecast on Thursday on a bullish outlook for spending on artificial intelligence, after posting a record profit that blew past market estimates.
The head of Australia’s Macquarie Asset Management (MAM), which sold its Aligned Data Centers business in a deal worth $40 billion, said on Thursday the sale was not a sign the global data centre boom had peaked.
Apple is lobbying India’s government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say.
IKEA has acquired U.S. logistics technology firm Locus, the two companies said on Tuesday, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it invests to expand online sales.
China is curbing the use of European telecom kit suppliers Nokia and Ericsson in its networks, the Financial Times reported on Wednesday, citing people familiar with the matter.
Taiwan is considering forming a high-tech strategic partnership with the U.S., which wants increased Taiwanese investment, the island’s top tariff negotiator said on Thursday, giving an update on talks with Washington.
Britain’s competition regulator has recommended replacing a legacy EU-era exemption for technology licensing agreements with a UK-specific framework, in a move aimed at modernising post-Brexit competition rules.
CoreWeave said it has signed a $14 billion agreement with Meta to supply computing power, the latest multi-billion dollar deal as businesses ramp up infrastructure to meet the demand for artificial intelligence applications.