Investors have piled into Nvidia-focused exchange-traded funds (ETFs) this year on the frenzy around AI, with inflows into a bullish fund that tracks the shares of the chip designer hitting an all-time high on Wednesday.
Cantor Fitzgerald has hired nine investment bankers as it bolsters its advisory services to technology companies, the boutique bank said in a statement to Reuters on Thursday.
U.S. House Democrats are investigating SpaceX over whether it was doing enough to prevent Russia from utilizing Starlink satellite internet service as part of Moscow’s ongoing war against Ukraine, two lawmakers said on Thursday.
India on Thursday approved a 103 billion rupee ($1.25 billion) investment in artificial intelligence projects, including to develop computing infrastructure and for the development of large language models, the government said.
Chip startup Efficient Computer said on Thursday it had raised $16 million in a seed funding round led by Silicon Valley venture capital firm Eclipse to help fund work on its low-power chip designs.
Shares of OneSpan rose 19% to near seven-month highs on Thursday after the company forecast upbeat full-year revenue and reported quarterly profit above expectations, fanning optimism among investors about healthy demand for cybersecurity services.
LinkedIn on Thursday for the first time disclosed sales for its premium subscription business, saying the unit hit $1.7 billion in revenue in 2023 as the company sees an uptick in adoption of new artificial intelligence tools.
A crisis meeting between top executives of ASML and Dutch Prime Minister Mark Rutte led to the CEO of the Netherlands’ largest company ruling out quitting the country but failed to resolve issues surrounding its future growth plans.
Match Group-owned dating app Tinder on Thursday agreed to better inform users about discounted prices for its premium services following scrutiny from national consumer watchdogs in the European Union over its pricing practices.
The U.S. House Committee on Energy and Commerce on Thursday is expected to vote on legislation giving China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban.
