Advanced Micro Devices unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as the chip designer looks to expand its share of the lucrative “AI PC” market.
Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence.
Microsoft-backed cybersecurity software firm Rubrik said on Tuesday it was targeting a valuation of up to $5.44 billion in its U.S. initial public offering, as new listings rebound after a two-year lull.
India has deferred approval of Paytm’s 500 million rupee ($6 million) investment in its Paytm Payment Services arm in part due to concerns about a Chinese shareholding in the parent company, according to three government officials and a document seen by Reuters.
Bain Capital has proposed an initial public offering (IPO) of Japan’s Kioxia Holdings as part of a plan to allow the money-losing chipmaker to refinance a $5.8 billion loan coming due in June, according to a person familiar with the matter.
Meta Platforms’ Oversight Board is reviewing the company’s handling of two sexually explicit AI-generated images of female celebrities that circulated on its Facebook and Instagram services, the board said on Tuesday.
Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant’s CEO Tim Cook as saying in Hanoi on Tuesday, a day after the U.S. company said it wanted to increase spending on suppliers in the Southeast Asian nation.
Ericsson said on Tuesday it expects sales to stabilise in the second half of 2024 amid signs some customers are looking to spend again, as the telecoms equipment maker beat first-quarter profit forecasts helped by a one-off gain.
Microsoft is investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a minority stake and a board seat, allowing the two to deepen ties amid the global battle for tech dominance.
