The global contract chipmaking revenue will likely fall by 4% in 2023 year-on-year on a pandemic recovery-driven demand correction for the advanced chips that contributed to the fortunes of Taiwan Semiconductor Manufacturing…
Coinbase Global, Inc COIN reportedly hired Lazard, Ltd LAZ advisors as it explored a potential sale that would remove it from Barry Silbert’s Digital Currency Group (DCG). CEO Kevin Worth’s email…
Adobe Inc ADBE Chief Product Officer Scott Belsky addressed user criticism by saying the company has never trained its generative artificial intelligence services on customer projects. Belsky said they…
Carvana Co CVNA adopted a shareholder rights plan to protect long-term shareholder value by preserving the availability of net operating loss carryforwards (NOLs) and other tax attributes under the Internal Revenue…
Coinbase Global, Inc COIN quit operations in Japan, citing changes in the market environment. Users can withdraw their assets until February 16, Japan time. Coinbase customers can withdraw fiat…
Tesla Inc TSLA, Chinese automaker BYD Co, Ltd BYDDF BYDDY, and South Korea’s Hyundai Motor Co, Ltd HYMTF finalized deals to invest in Indonesia’s electric-vehicle industry. “All the top global carmakers are coming…
Microsoft Corp MSFT granted more customers access to the software behind popular artificial intelligence tools made by OpenAI. OpenAI grabbed eyeballs courtesy of its chatbot ChatGPT, adept at answering questions and writing essays…
Brookfield Asset Management Inc BAM weighed selling technology outsourcing firm Everise for $1 billion as potential buyers flock in. Canadian asset manager Brookfield spoke with financial advisers as it prepared a…
Alphabet Inc GOOG GOOGL Google won a ruling enabling the U.K. High Court to settle a dispute with short-film firm Shorts International Ltd. Shorts International alleged YouTube of trademark infringement by using the word…
National Instruments Corp’s NATI board evaluates strategic options in consultation with its financial and legal advisors. The comprehensive review will include various strategic, business, and financial alternatives, including solicitation of…
Southwest Airlines Co LUV contacted consulting firm Oliver Wyman to boost a crew scheduling system after its holiday crisis, CEO Bob Jordan said in an interview. The airline had to cancel…
Alphabet Inc’s GOOG GOOGL Google and Nvidia Corp NVDA shared concerns over Microsoft Corp’s MSFT acquisition of Activision Blizzard Inc ATVI to the Federal Trade Commission, fueling regulatory worries over the deal. Google and Nvidia joined Sony Group Corp SONY in raising issues with…
A Manhattan jury ruled that Adidas AG ADDDF ADDYY failed to prove luxury brand Thom Browne Inc’s use of stripes on its clothing violated the sportswear giant’s signature three-stripe trademark. The jury…
Swiss cybersecurity, AI, and IoT company WISeKey International Holding AG WKEY shared its preliminary revenues for the year ended December 31, 2022. WISeKey’s FY22 revenue rose by 15% year-on-year to $25.6…
Wipro Limited WIT reported third-quarter FY23 gross revenue of $2.80 billion, an increase of 14.4% Y/Y, missing the consensus of $2.84 billion. IT Services revenue grew 6.2% Y/Y to $2.80 billion.…
Infosys Ltd (NYSE: INFY) reported third-quarter FY23 revenue growth of 13.7% year-on-year to $4.66 billion (CC), marginally missing the consensus of $4.69 billion. The Q2 sequential growth was 2.4%. TCV of…
Standard Chartered PLC SCBFY eyes strategic options for its aviation unit, including a sale. The aviation finance business represents around 2% of the total Group income and 1% of Group RWA.…
Oxbotica, a U.K.-based developer of autonomous vehicle software, raised $140 million in a Series C investment round to deploy its operating system for Universal Autonomy in multiple commercial and industrial domains…
Needham’s John Todaro maintained a Buy rating on Applied Digital Corp APLD with a price target of $5.50. Applied Digital posted Q2’FY23 results after the close yesterday. The company beat its…
Aura Minerals Inc ORAAF shared its preliminary production results from its three operating mines for the fourth quarter of 2022. What Happened? Total production increased 16% quarter-on-quarter to 67,663 gold equivalent ounces…