Arm Gives Bullish Forecast, Pointing Toward AI Demand Surge
Arm Holdings Plc, which provides the most widely used technology in computing processors, gave a bullish revenue forecast,…
Apple Plans to Use 1.2 Trillion Parameter Google Gemini Model to Power New Siri
Apple Inc. is planning to use a 1.2 trillion parameter artificial intelligence model developed by Alphabet Inc.’s Google…
Meta Spending Spree Recalls Metaverse Debacle That Crushed Stock
The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors…
AMD’s Outlook Fails to Wow Investors After AI-Fueled Rally
Advanced Micro Devices Inc., the main contender to Nvidia Corp. in the artificial intelligence chip market, failed to…
Hamilton Lane to Manage Guardian Life’s $5 Billion PE Portfolio
Hamilton Lane Inc. will manage The Guardian Life Insurance Co. of America’s $5 billion buyout portfolio as part…
CEOs Express Optimism Over China Retail as Economic Downturn Nears End
Top executives at Western brands that do business in China are showing cautious optimism that consumer spending in…
Morgan Stanley CEO Says Asset Managers Want China Exposure
China remains a top draw for global asset managers as confidence returns, with investors acknowledging that the world’s…
Microsoft Signs $9.7 Billion AI Cloud Deal With IREN
Microsoft Corp. has signed an approximately $9.7 billion deal to purchase AI cloud capacity from IREN Ltd., becoming…
Adnoc CEO Says AI Raises Energy Investment Needs to $4 Trillion
The global energy industry needs annual investment of $4 trillion as the boom in data centers and artificial…
Korea’s Kospi Extends Rally as AI Momentum Rises on Nvidia (NVDA) Ties
South Korea’s equity benchmark is building on its strongest monthly rally in over two decades, underscoring the market’s…
Musk’s Starlink Ties Up With UK’s VMO2 for Mobile ‘Not Spots’
Elon Musk’s Starlink struck its first UK telecom deal to bring satellite connectivity directly to customers’ phones. Customers…
Amazon Reports Cloud Unit Sales Grew Faster Than Expected
Amazon.com Inc.’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned…