Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a big surge in revenue from the AI boom, days after larger peer Nvidia Corp signaled the huge potential for the technology.
Ford CEO Jim Farley said Tesla’s Superchargers may become the standard for EV charging in the U.S., a day after the Michigan-based company struck a deal allowing Ford owners to gain access to the rival charging stations in North America.
Some offshore users of an official Chinese website providing economic and demographic data on Fujian province across from Taiwan say their access has been restricted, and Beijing said “emergency measures” had been taken to deal with a cyberattack.
Stratasys Ltd , a maker of industrial 3D printers, said on Thursday it would merge with peer Desktop Metal Inc in an all-stock transaction valued at about $1.8 billion.
OpenAI Chief Executive Sam Altman has raised $115 million in a Series C funding round led by Blockchain Capital for a cryptocurrency project he co-founded.
Short sellers in shares of Nvidia Corp. were down $2.3 billion in mark-to-market losses Thursday as the stock surged more than 25% in early trading following the chipmaker’s blowout forecast, according to financial data firm S3 Partners.
A U.S. appeals court on Thursday vacated a $570 million award Cognizant Technology Solutions Corp had won against rival software provider Atos SE’s Syntel Inc for theft of its trade secrets related to healthcare insurance software.
Brazilian financial technology firm PagSeguro Digital on Thursday posted a better-than-expected 6% increase in its first-quarter profit, which the company said was boosted by payment processing revenue.
South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.
