Vercel, a software startup that provides a platform for building cloud-based web applications, on Thursday said it has raised $250 million in a Series E funding round that values the company at $3.25 billion.
Cisco Systems shares rose about 4% before the bell on Thursday after an upbeat fourth-quarter forecast signaled further stabilization in networking equipment demand and benefits from its $28 billion deal for cybersecurity firm Splunk.
Retail darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the euphoria over the return of “Roaring Kitty”, who was the central figure in 2021 meme stock rally, fizzles out.
The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new rules to mitigate, global banking regulators said in a report on Thursday.
Meta Platforms’ social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead to hefty fines.
Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million.
China’s Baidu said on Thursday it was confident artificial intelligence would help drive future sales and profits after reporting first-quarter revenue growth of just 1% as weak Chinese economic growth kept advertisers cautious.
CME Group , the world’s largest futures exchange operator, plans to launch bitcoin trading to expand its portfolio, the Financial Times reported on Thursday.
Japan’s Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership.
The Turkish competition authority said on Thursday that it decided to fine Google over its failure to fulfil obligations regarding a part of its local search services.
