Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. In a deteriorating economy, where both consumer and enterprise spending is on a decline, AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, due […]
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I’ve known Heather McDonald, one of the two protagonists of this article, for the better part of a decade. The impression she made on me, and doubtless, the whole media industry in the UAE was pure dynamite. As head of Filmmasters MEA, she had vision and an uncompromising attitude towards quality in both the films […]
An opposition-linked Polish mayor had his phone hacked using Pegasus spyware, Gazeta Wyborcza daily reported on Friday, amid allegations that the country’s special services have used the technology against government opponents. Reports in 2021 by the Associated Press that the software, developed by Israel-based NSO Group was used to hack the phones of government critics, […]
U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Wall Street indexes have had a volatile start to March after the latest economic data pointed to […]
European shares rose on Friday, as hopes that the U.S. Federal Reserve could adopt a measured approach for rate hikes ahead lifted technology stocks, while miners jumped on growing bets of demand recovery in China. The continent-wide STOXX 600 rose 0.7% in early trading, with rate-sensitive tech stocks up 1.4%. Overnight, Atlanta Fed President Raphael […]
A joint venture between the U.S. unit of Spanish engineering group ACS and Philadelphia-based Yates Construction has won a contract to build an electric vehicle (EV) battery plant in Kansas as part of a $4 billion investment by Japan’s Panasonic group, the companies said on Wednesday. The EV battery factory in the city of De […]
The U.S. State Department has approved the potential sale of F-16 munitions and related equipment to Taiwan in a deal valued at $619 million, the Pentagon said on Wednesday. The Pentagon said Raytheon Technologies and Lockheed Martin were the principal contractors. (Reuters) Inside Telecom provides you with an extensive list of content covering all aspects […]
Elon Musk’s rocket company SpaceX launched a four-man crew to orbit en route to the International Space Station early on Thursday, with a Russian cosmonaut and United Arab Emirates astronaut joining two NASA crewmates for the flight. The SpaceX launch vehicle, consisting of a Falcon 9 rocket topped with an autonomously operated Crew Dragon capsule […]
Salesforce Inc on Wednesday forecast first-quarter revenue above analysts’ estimates and doubled its share repurchase to $20 billion, indicating a strong cash flow for the company that has come under pressure from activist investors. The upbeat forecast and fourth-quarter results that beat analysts’ estimates pushed the shares of the cloud-based software provider up 14% in […]
Living in the digital era means living life with the expectation that someday the other shoe will drop, and we are in for a ride. Since the launch of OpenAI’s ChatGPT, AI-based chatbots have taken the world by storm, effectively dividing the population between those who believe it will revolutionize every sector and those who […]