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Tech giants need legacy businesses to keep growing as they pour trillions into the AI buildout
Hyperscalers continue spending big on artificial intelligence, putting pressure on their legacy businesses and impacting their free cash flow.
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Panasonic raises annual profit forecast 20%, sees strong AI demand
TOKYO, Oct 30 : Panasonic Holdings raised its full-year operating profit forecast by 20 per cent to 710 billion yen ($4.5 billion) on Friday, helped by a range of factors including stronger-than-expected AI-related demand.• The Japanese company lifted its group operating profit forecast for the year ending
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Marquez tops Malaysia practice, Martin withdraws due to injury
Oct 30 : Ducati’s MotoGP championship leader Marc Marquez topped the timesheets in Malaysian Grand Prix practice despite a crash on Friday while title rival Jorge Martin lasted only three laps due to his wrist injury.Marquez dusted himself off after an early tumble at turn 15 to set the fastest time at 1:57.0
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No big Bayern changes ahead of Klassiker despite coach Kompany absence, Danks says
BERLIN, Oct 30 : Bayern Munich will not be making changes or preparing any differently for Saturday’s Bundesliga Klassiker against Dortmund despite the absence of coach Vincent Kompany, assistant coach Aaron Danks said on Friday.Kompany was discharged from hospital on Wednesday following his collapse in trai
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Japan’s Katayama signals hope of bigger surplus from central bank’s ETF sales
TOKYO, Oct 30 : Japanese Finance Minister Satsuki Katayama said on Friday it was “obvious” that the central bank’s decision to speed up sales of its exchange-traded funds (ETF) holdings would boost surplus payments to the government.The remarks came as Prime Minister Sanae Takaichi’s administration scrambles
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Adidas looking for New York victory lap in marathon shoe wars
NEW YORK/PARIS, Oct 30 : Adidas is hoping this weekend’s New York City Marathon will be its chance to run a victory lap, after runners wearing its shoes clocked up eight wins at prized World Marathon Majors this year, boosting sales and outpacing longstanding rival Nike.Revenue in its Running sector was up 19
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As US airlines deploy AI pricing tools, startups help travelers cash in on fare drops
NEW YORK, Oct 30 : US airlines are turning to artificial intelligence to help maximize revenue from airfares. Now startups are putting AI to work on the other side of the transaction, helping passengers automatically claw back savings when ticket prices fall.Companies including JetBack, Junova and Refare moni
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US midterms: Data centre expansions spark backlash across political divide
Rising electricity costs, environmental concerns and the spread of large data centres are becoming campaign issues in closely contested congressional races in Pennsylvania.
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Midterm elections, earnings, jobs data loom for AI-wary market
NEW YORK, Oct 30 : US midterm elections, a heavy slate of corporate earnings and the monthly jobs report will further test stock investors next week, after a series of setbacks for the market-leading AI trade.The latest AI turbulence stemmed from the quarterly results of Alphabet, one of the hyperscalers spen
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Meta, TikTok, X lose legal challenge against UK watchdog over online safety data demands
LONDON, Oct 30 : Meta, TikTok and X on Friday lost a legal challenge against British regulator Ofcom over the amount of information it is demanding they provide under Britain’s nascent online safety regime.The challenge is one of the first in relation to the 2023 Online Safety Act, which sets tougher standard
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