Tag: Business
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Shares, bonds bounce as oil skid offers inflation relief
SYDNEY, July 27 : Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices sharply lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and corporate earnings.Iran said on Sunday it would halt its own attacks as long as the…
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Nvidia to acquire $1 billion of new shares of South Korea’s Naver
SEOUL, July 27 : South Korea’s Naver said in a regulatory filing on Monday that Nvidia will acquire $1 billion of its shares to be newly issued as part of an investment partnership to build a new data center.
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Cocoa prices are easing. So why is chocolate still so expensive?
Chocolate firms look to win shoppers back with premium products and social media trends after poor weather conditions, tariffs, and the Iran war hit sales.
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DeepSeek tells prospective investors of funding pause, Bloomberg News reports
July 25 : Chinese AI startup DeepSeek has told prospective investors in its second fundraising round that it is suspending the deal for now, Bloomberg News reported on Saturday, citing people familiar with the matter.Here are some details: • DeepSeek verbally informed some of its potential backers th
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Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage
Shipping and logistics companies are tapping into the growing market of healthcare as cold chain and temperature-controlled facilities become more crucial.
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From Silicon Valley to DC, the tech world is suddenly obsessed with one concept in AI: Distillation
Distillation has long been a topic for AI wonks, but it’s become a hot-button issue of late as techies and lawmakers debate how it should be regulated.
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Samsung Elec wins $200 billion Broadcom AI chip partnership, boosting foundry push
SEOUL, July 25 : Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip making and advanced packaging envisaged to exceed $200 billion until 2030.Winning long-term production commitments from Broadcom, one of the world’s l
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South Korea’s SK Hynix, Samsung Elec sign $950 billion partnership with US big tech
SEOUL, July 25 : South Korea’s Samsung Electronics and SK Hynix will pursue memory chip supply partnership with U.S. big tech companies including Nvidia worth $950 billion overall, South Korea’s presidential adviser said on Saturday.It includes the long-term supply of $750 billion in memory chips to U.S. comp
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Nvidia locks down memory supply from SK Hynix as part of $500 billion AI deal
Nvidia is aggressively securing supply of high-bandwidth memory, an essential component for its GPUs and systems.
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SpaceX launches 13th Starship test, briefly deploys first upgraded Starlinks
WASHINGTON, July 24 : SpaceX’s Starship rocket lifted off from Texas on Friday and briefly put its first 20 upgraded Starlink internet satellites into suborbital space, the company’s 13th test mission as it aims to begin routine service by the end of the year.The roughly 400-foot-tall (122-metre-tall) Starshi
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