Tag: billion
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SK Hynix holds groundbreaking ceremony for $4 billion Indiana AI chip packaging facility
WEST LAFAYETTE, Indiana, Aug 27 : South Korean chipmaker SK Hynix on Thursday held a groundbreaking ceremony for an advanced packaging and research facility in Indiana worth more than $4 billion, expanding its U.S. footprint to meet growing demand for memory chips used in AI applications. The facility, at the
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Lidl owner to invest up to $6.5 billion by 2033 in data centre in northern Germany
Aug 27 : Germany’s Schwarz Group, owner of discount retailer Lidl, said on Thursday it would spend up to €5.6 billion ($6.5 billion) on a data centre in northern Germany amid a push by European countries to become less dependent on overseas providers of cloud and AI services.Construction of the complex near
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Gamescom 2026: What’s next for the gaming industry?
As Gamescom 2026 opens in Cologne, AI, hardware costs and slowing user growth are putting pressure on the global games industry despite its current strength.
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Why social media harms are hard to regulate
Meta and other social media platforms face lawsuits alleging they foster addictive use among young people. Now regulators are struggling to rein in their engagement-driven business models.
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SoftBank in talks to buy stake in 1X at $6 billion valuation, The Information reports
Aug 26 : SoftBank is in talks to buy a majority stake in OpenAI-backed humanoid robot developer 1X Technologies in a deal that would value the startup at about $6 billion, The Information reported on Wednesday, citing people with knowledge of the deal.Reuters could not immediately confirm the report. SoftBan
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Salesforce raises annual forecasts, expands AI partnership with Anthropic
Aug 26 : Salesforce lifted its annual revenue and profit forecasts on Wednesday and rolled out a new plug-in combining its capabilities with Anthropic’s Claude AI models, sending its shares up 14 per cent in extended trading. Dubbed “Claudeforce”, the initiative marks an expansion in the companies’ partnershi
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Salesforce raises annual revenue forecasts, expands AI partnership with Anthropic
Aug 26 : Salesforce lifted its full-year revenue forecast and announced an expanded partnership with AI giant Anthropic on Wednesday, sending the enterprise software company’s shares up 14 per cent in extended trading.The companies’ new “Claudeforce” initiative will integrate Anthropic’s Claude AI models acro
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Synopsys raises annual forecasts on AI-driven chip design software demand
Aug 26 : Synopsys on Wednesday raised its annual revenue and profit forecasts, as the AI boom drives investments in chips and infrastructure, boosting demand for the firm’s chip design software. AI-related design demand has risen sharply as chipmakers invest in more advanced semiconductor systems, while tech
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Salesforce raises annual revenue forecasts on AI product momentum
Aug 26 : Salesforce raised its annual revenue forecast on Wednesday, signaling confidence that enterprise adoption of its new AI-powered autonomous agents will accelerate sales, sending its shares up 12 per cent in extended trading.The enterprise software giant and Anthropic announced an expanded partnership,
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CrowdStrike raises annual revenue forecast on strong cybersecurity demand
Aug 26 : CrowdStrike beat second-quarter earnings estimates and raised its annual revenue forecast on Wednesday, as demand for its cloud-based cybersecurity platform continued to grow.Shares of the Austin, Texas-based company rose more than 10 per cent in extended trading.• CrowdStrike is a cloud-nat
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