Tag: Business
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Italy’s Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
BENGALURU/MILAN June 8 : Bending Spoons, an Italian tech firm that acquired internet brand AOL and ticketing marketplace Eventbrite this year, filed on Monday for an initial public offering on the U.S. Nasdaq.The company, which buys and revamps digital businesses, aims for a valuation of at least $20 billion,
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EV maker VinFast’s revenue jumps on SE Asian demand, but loss widens
June 8 : Vietnam’s VinFast reported a nearly 42 per cent rise in first-quarter revenue on Monday, driven by strong demand for its electric vehicles in key Southeast Asian markets, but posted a wider net loss.Quarterly revenue rose to 23.11 trillion dong ($877.24 million) from 16.31 trillion dong a year earlie
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Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
June 8 : Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that are used in data centers. Amazon, however, did not disclose any further financial details on the partnership.Sha
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Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive
BRUSSELS, June 8 : Europe’s push to cut its reliance on U.S. Big Tech with EU-made technologies and chips could shut out other non-EU players from the European market, trade bodies representing tech companies in Australia, Canada and Japan warned on Monday.The warning by the Tech Council of Australia, the Can
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Food supply ‘not at risk’ after new Texas screwworm cases, USDA secretary says
The U.S. will lean on the same playbook it did starting in the late 1950s, part of which involves releasing sterile insects to suppress the pest’s population.
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AOL, Vimeo parent Bending Spoons files for US IPO
June 8 : Bending Spoons, an Italian tech firm focused on acquiring and revamping digital businesses, filed for a U.S. initial public offering on Monday, as a busy summer IPO window takes shape.A listing of the company, which bought storied internet brand AOL and ticketing marketplace Eventbrite this year, cou
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Marvell shares jump after chipmaker wins spot in S&P 500
June 8 : Marvell Technology shares climbed more than 9 per cent on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently.Its shares have gained about 59 per cent since May 27 after the company forecast…
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Cerebras shares climb as Wall Street brokerages back AI chip strategy
June 8 : Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer’s unconventional AI strategy more than three weeks after its strong debut.Shares of the company rose 5.5 per cent in premarket trading, with at least
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UK sets out $1.5 billion AI hardware plan with supercomputer, chip funding
LONDON, June 8 : Britain set out a new £1.1 billion ($1.47 billion) plan on Monday to build domestic AI computing capacity, including a new national supercomputer and funding to back homegrown chip firms.The strategy builds on a £400 million commitment announced by Prime Minister Keir Starmer at London Tech
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Alphabet taps Intel to make three million in-house chips, The Information reports
June 8 : Alphabet’s Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with direct knowledge of the discussions.Nvidia has not placed an order with Intel yet, but has been evaluating whether the compan
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