Tag: Business
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US Commerce Secretary signals possible action on Chinese robots after review, Politico reports
June 23 : U.S. Commerce Secretary Howard Lutnick told executives at a closed-door meeting Monday that his department is studying Chinese state-subsidized robotics imports and signaled the administration could take action once the review is complete, Politico reported on Tuesday, citing sources.“We don’t w
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GameStop CEO Cohen spurns compensation award to focus on proposed eBay deal
June 23 : GameStop said on Tuesday its board had granted the request of CEO Ryan Cohen to withdraw his proposed performance award, as the company shifts its focus towards the potential acquisition of eBay .Cohen said he wants the company’s leadership fully focused on GameStop’s operating performance and the a
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Cerebras posts rise in quarterly revenue in first report post-IPO
June 23 : Cerebras Systems posted a 94 per cent increase in first-quarter revenue on Tuesday in its first financial update since going public, benefiting from robust enterprise demand for its specialized AI chips.The company reported revenue of $193.4 million for the quarter, compared with $99.5 million repor
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Cerebras reports 92% revenue growth in chipmaker’s first earnings report since IPO
Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
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FedEx posts strong earnings results in last quarter with freight business
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company’s last quarter that included the freight business before its spin-off.
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SPS Commerce explores sale amid activist pressure, sources say
(Corrects date of Anson stake disclosure in paragraph 5)By Milana VinnNEW YORK, June 23 : Supply chain software maker SPS Commerce is exploring a sale amid pressure from activist investors, according to three people familiar with the matter.The company is working with investment bank Morgan Sta
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US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment
June 23 : The U.S. Federal Communications Commission said Thursday an auction of wireless mid-band spectrum raised more than $3.5 billion, which will largely be used to fund the replacement of Chinese telecom equipment.The FCC said up to $3.3 billion of the auction’s proceeds will be used to cover funds bor
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Exclusive-SPS Commerce explores sale amid activist pressure, sources say
NEW YORK, June 23 : Supply chain software maker SPS Commerce is exploring a sale amid pressure from activist investors, according to three people familiar with the matter.The company is working with investment bank Morgan Stanley on the potential sale, which is expected to draw interest from private equity fi
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Anthropic launches Claude Tag in Slack with plans for wider rollout
June 23 : Anthropic on Tuesday launched an artificial intelligence agent inside Salesforce’s Slack app that can work alongside employees in group chats, deepening its push into the enterprise market that has emerged as a key battleground for AI startups.Called Claude Tag, the tool lets users summon the compan
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Alibaba sues US Department of Defense for branding it a ‘Chinese military company’
June 23 : Chinese tech and e-commerce giant Alibaba sued the U.S. Department of Defense for designations including saying it was a “Chinese military company,” according to a court filing on Tuesday. “The determinations have no basis in fact or law,” Alibaba said in its lawsuit. “Alibaba is governed by an ind
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