Tag: million
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Study reveals evolutionary history of bats, dating back 65 million years
WASHINGTON, Sept 24 : Bats are critical players in global ecosystems, pollinating plants, dispersing seeds and eating huge numbers of insects. One of only three lineages of flying vertebrates in Earth’s history, there are more than 1,500 bat species living today. But their evolutionary history has been a bit of a pu
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Pasqal ramps up growth plans after Nasdaq listing strengthens balance sheet
Sept 24 : French quantum processor maker Pasqal on Thursday said it held €312.9 million ($355.8 million) in cash following its Nasdaq listing, giving it funds to expand sales operations as it works to convert early customer interest into sustainable revenue.The company said it would use the fresh capital pr
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BlackBerry lifts annual revenue forecast on strength in automotive software business
Sept 24 : BlackBerry raised its full-year revenue forecast on Thursday after its QNX software business reported record quarterly revenue, driven by growth in automotive and new design wins.US-listed shares of the company rose about 3 per cent in premarket trading. Revenue at BlackBerry’s QNX division
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OVHcloud CEO says public commitment for EU AI gigafactories too small
Sept 23 : OVHcloud CEO Octave Klaba on Tuesday estimated operators of Europe’s proposed AI gigafactories would need annual sales of 300 million euros to 400 million euros just to break even on facilities built around fast-depreciating graphics chips. Klaba said a proposed 200-million-euro public commitment t
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Manchester United post seventh straight annual loss
Sept 23 : Manchester United reported their seventh straight annual loss on Wednesday as costs related to player acquisitions and the sacking of former head coach Ruben Amorim this year pushed them deeper into the red. The wider loss comes despite drastic actions taken by British billionaire Jim Ratcliffe, the
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Verizon to invest $70 million in AI training effort
WASHINGTON, Sept 23 : Verizon is investing $70 million in a nationwide effort to provide AI training to job seekers, small business and educators as the U.S. economy undergoes a dramatic transformation, it said on Wednesday.The U.S. telecom company is partnering major non-profit programs such as Goodwill Indu
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Oil falls on increased Gulf supply and hopes for US-Iran talks
PERTH, Sept 23 : Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York.Brent crude futures fell 7 cents, or 0.07 per cent, to $99.18…
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US judge signals rejection of part of TikTok privacy settlement
WASHINGTON, Sept 19 : TikTok and ByteDance’s proposed $400 million settlement with the US Justice Department hit a hurdle on Friday after a federal judge indicated he would reject part of the agreement.TikTok and its Chinese parent company agreed in August to settle allegations that the short-video app violat
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Global equity fund outflows hit nine-month high on inflation fears
Sept 18 : Global equity funds recorded their largest weekly outflow in nine months in the week through September 16, as a surge in oil prices heightened inflation concerns and expectations of a Federal Reserve interest-rate increase added to investor caution. Investors withdrew a net $23.21 billion from globa
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Malaysia: Jailed ex-leader Najib allowed house arrest
Convicted in the 1MDB scandal for embezzling millions, former Prime Minister Najib Razak had repeatedly sought clemency. Malaysia’s king has now granted him a “conditional pardon.”
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