The Nasdaq was set to extend gains for the fourth straight session on Wednesday, following a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged after strong quarterly results. Alphabet Inc rose 8.2 percent after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one […]
Reuters
Self-driving vehicle companies from Tesla Inc to General Motors Co’s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for robot-driven vehicles. On Tuesday, Cruise said that SoftBank Group Corp will invest another $1.35 billion in anticipation of Cruise launching commercial robo-taxi […]
Rain Neuromorphics Inc., a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, said on Wednesday it raised $25 million. Gordon Wilson, CEO and co-founder of Rain, said that while most AI chips on the market today are digital, his company’s technology is analogue. […]
The largest U.S. labor organization said Monday it strongly supported a U.S. House of Representatives bill designed to improve competition with China, boost U.S. semiconductor production and reform key trade provisions. The AFL-CIO trade federation representing 12.5 million workers said in a letter to lawmakers the bill’s $52 billion for chips is critical to “addressing […]
India’s finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology. “Introduction of a central bank digital currency will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” Nirmala […]
The Biden administration plans to spare everyday Russians from the brunt of U.S. export controls if Russia invades Ukraine, and focus on targeting industrial sectors, a White House official said. “Key people” will also face “massive sanctions,” a top Commerce official said in a separate speech on Friday. The comments narrow the scope of potential […]
Vodafone has teamed up with Intel Corp and other silicon vendors to design its own chip architecture for nascent OpenRAN network technology, aiming to weaken the grip of traditional telecoms equipment suppliers. OpenRAN allows operators to mix and match suppliers in their radio networks, posing a challenge to the likes of Ericsson, Huawei and Nokia […]
Orange on Friday named Christel Heydemann its new chief executive, making her the first woman to lead France’s biggest telecoms operator amid a revamp of its governance. A former graduate of France’s elite engineering school Polytechnique, 47-year-old Heydemann will replace Stephane Richard from April 4 at the helm of the state-controlled group after a court […]
European shares fell as much as 2 percent on Friday, dragged down by auto and technology stocks, amid prospects of higher interest rates and geopolitical tensions in Ukraine. The pan-European STOXX 600 was down 1.4 percent, paring some losses after falling as much as 2 percent earlier in the day, and on track for its […]
Telecom Italia (TIM) on Wednesday opened the door to a spin-off of its prized infrastructure assets, saying its newly appointed chief executive would explore options to create value for shareholders. Italy’s embattled former phone monopoly will also continue to study a takeover approach by U.S. fund KKR and compare it with possible strategic alternatives. TIM, […]