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News
Alibaba stock: Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI
6+ hour, 20+ min ago (311+ words) Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI The Economic Times The Hong Kong-listed shares of Alibaba slumped on Monday âafter the Chinese e-commerce and âcloud computing company launched a $10.2 billion share placement,…...
Alibaba proposes $10 billion share placement to fund global AI drive
21+ hour, 45+ min ago (60+ words) The Economic Times Alibaba proposes $10 billion share placement to fund global AI drive Listen to this article in summarized format Read more news on (Catch all the Technology News News, and Latest News Updates on The Economic Times.) Will AI…...
40% of SAP’s global innovation is developed in India: Verena Siow
2+ day, 20+ hour ago (392+ words) The Economic Times 40% of SAP’s global innovation is developed in India: Verena Siow 'You narcissist & megalomaniac!': GOP Senators clash with Fauci at fiery 'COVID lies' hearing 'You are white supremacist if…': Vance torches El-Sayed for sharia law remarks |Michigan Senate…...
Brazil launches AI supercomputer push, splits projects between Chinese, US firms
2+ day, 23+ hour ago (375+ words) The Economic Times Brazil's government announced on Thursday investments of about 2.3 billion reais ($444.2 âmillion) to bolster its artificial intelligence âecosystem, splitting projects between U.S and Chinese companies in a move that âunderscores its effort to navigate…...
12 days to go: Oracle employees may be staring at another '6 am layoff notice' on September 1
3+ day, 21+ hour ago (199+ words) British corporate couple killed on honeymoon as helicopter crashes moments before landing on Greek island; watch video Ontario man faces serious charges as he threatens to release dog and use firearms at Nova Scotia Campground Ontario Tragedy: Woman dies after…...
Microsoft stock under pressure: AI capex math faces investor scrutiny - Microsoft stock takes a hit
6+ day, 1+ hour ago (443+ words) Microsoft shares came under pressure on August 17 as investors reassessed the company’s heavy AI infrastructure spending and the potential returns from those investments. The stock fell 3.04% to $480.35, wiping out an estimated $111.8 billion in market value, according to TS2 Tech. (Sources: TS2 Tech,…...
Nebius beats quarterly revenue estimates as AI demand fuels growth
1+ week, 4+ day ago (296+ words) The Economic Times Nebius Group surpassed second-quarter revenue estimates on Wednesday as booming demand for AI infrastructure and cloud services helped the company win larger contracts and raise prices for computing capacity, sending its shares up 12% in premarket trading.The…...
quantum computing: Oracle, Quantinuum partner to bring quantum computing to cloud
1+ week, 5+ day ago (49+ words) Oracle, Quantinuum partner to bring quantum computing to cloud The Economic Times Oracle, Quantinuum partner to bring quantum computing to cloud Read more news on (Catch all the Technology News News, and Latest News Updates on The Economic Times.) Will…...
Oracle plans fresh layoffs as AI spending piles up billions in debt: Report
1+ week, 5+ day ago (143+ words) Oracle is reportedly planning another round of job cuts. This move aims to reduce payroll while investing heavily in AI infrastructure. The company's employee count already fell significantly last fiscal year. Oracle spent billions on data centers and computing capacity…...
Is Microsoft overbuilding AI capacity? Bernstein says no, raises target price to $660
1+ week, 5+ day ago (319+ words) The Economic Times Wall Street brokerage firm Bernstein has reaffirmed its 'Outperform' rating on tech titan Microsoft Corp., raising its twelve-month target price to $647-$660 This ambitious new price objective signals a potential upside of over 32 per cent from the company's…...