Key Points xAI secures $6 billion in funding at a $50 billion valuation. The funding comes from Middle Eastern sovereign...

Key Points Meta faces a €797.72 million (approximately $840 million) fine for antitrust breaches linked to Facebook Marketplace. The EU...

Key Points Volkswagen invests $5.8 billion in a joint venture with Rivian Automotive, Inc. to support EV production. Rivian and...

Key Points The Central Bank of Brazil signaled a potential lengthening of its monetary tightening cycle due to worsening inflation...

Key Points Asterion Industrial Partners and Telefonica sold Spanish data center operator Nabiax to Aermont Capital. Nabiax includes two data...

Key Points Trump’s supporters hoped for relief from high costs but proposed 20–60% tariffs on goods from China that could...

Key Points Toyota plans to produce 2.5 to 3 million vehicles annually in China by 2030, up from 1.75 million...

Key Points Taiwan’s TSMC will halt production of advanced AI chips for Chinese companies, targeting 7nm and smaller nodes. The...

Key Points The Fed will likely reduce rates by 0.25%, setting the benchmark between 4.5% and 4.75%. Trump’s victory introduces...

Key Points China insists on mutual respect and peaceful co-existence with the U.S. despite potential tensions under Donald Trump's presidency....

Key Points Hyundai E&C signed a $14.5 billion nuclear plant contract with Bulgaria’s KNPP NB for designing two reactors at...

Key Points Over 32,000 Boeing machinists are voting for the third time on a new contract to end the seven-week...

Key Points Google Cloud grew 35% in Q3, outpacing Amazon and Microsoft in growth rate. AWS earned $27.45 billion, over...

Key Points Exxon Mobil and Chevron reported record oil production in Q3, offsetting weaker fuel margins. Exxon's acquisition of Pioneer...

Key Points Huawei reported a 13.7% drop in net profit to 62.9 billion yuan despite increased revenue in 2023’s first...

Key Points Microsoft anticipates a $1.5 billion income reduction this quarter, largely due to OpenAI’s projected losses. OpenAI expects $5...

Key Points Alphabet's cloud revenue jumped 35% to $11.35 billion, its fastest growth in eight quarters, surpassing analyst expectations. The...

Key Points Elon Musk’s AI startup, xAI, is seeking new funding to reach a valuation of around $40 billion, but...

Key Points Cadence raised its annual profit midpoint forecast to $5.90 per share, up from $5.87. Demand for Cadence’s chip...

Key Points Microsoft’s quarterly revenue growth is expected to be its slowest in a year. Despite major AI investments, adopting...

Key Points Boeing plans to raise around $15 billion, primarily through common stock and mandatory convertible preferred shares, to improve...

Key Points Delta is suing CrowdStrike over a faulty software update that led to a mass outage in July, costing...

Key Points Waymo, led by Alphabet, secured $5.6 billion in funding to expand its autonomous ride-hailing service. Notable investors included...

Key Points Hyundai's Indian operations have seen increased profitability due to the rising SUV demand. The share of SUVs in...

Key Points The EU Court of Justice ruled in favor of Intel, overturning the 2009 fine due to insufficient evidence...

Key Points SK Hynix posted a record 7 trillion won ($5.07 billion) operating profit in Q3, a sharp recovery from...

Key Points The company posted a $6 billion quarterly loss, driven by a worker strike and production halts of key...

Key Points OpenAI and Microsoft provide up to $10 million in grants to U.S. media outlets to integrate AI technologies...

Key Points TSMC has alerted the U.S. government about Huawei's potential effort to circumvent AI chip export restrictions. In 2020,...

Key Points Qualcomm is bringing its laptop chip technology, "Oryon," to its mobile chips to enhance generative AI tasks like...

Key Points Honeywell has partnered with Google to integrate AI technology with its industrial data systems. The collaboration will combine...

Key Points Perplexity AI seeks to raise $500 million in a new funding round, aiming for a valuation of over...