Tencent’s AI compute bill outgrew its cash flow, and the fallback plan is becoming a landlord
Tencent reported second-quarter revenue of 204.8bn yuan ($30.4bn) on Wednesday, up 11% and ahead of forecasts. Net profit came in at 56bn yuan against the 61.8bn analysts expected, CNBC reports. Capit [...]
LG Electronics has quadrupled this year. The catalyst: a meeting with Jensen Huang about physical AI.
LG Electronics shares have quadrupled this year. The stock hit its 30% daily limit for a second consecutive session on Monday after reports that LG Group Chair Koo Kwang-mo will meet Nvidia CEO Jensen [...]
Vertice buys Vendr to build what it calls the largest procurement dataset
Vertice has bought Vendr. The London-based AI procurement company announced on Monday that it has acquired the US software-pricing firm, a deal it says creates the world’s largest procurement intell [...]
Windscribe VPN CEO warns your favourite Facebook quizzes are actually stealing your bank details
Think those viral social media personality tests are just harmless fun? A top cybersecurity CEO warns that they are actually highly effective phishing traps designed to steal the answers to your bank& [...]
France’s antitrust probe into Nvidia is nearing its end, regulator says
France’s competition regulator has signalled that its long-running inquiry into Nvidia is drawing to a close, edging the world’s most valuable chipmaker nearer to a formal reckoning over how it wi [...]
Micron approaches $1tn as UBS sees a path to $1.8tn over 12 months
Timothy Arcuri lifted his price target to $1,625 from $535 on the back of long-term HBM supply agreements that, in his read, compress the boom-bust memory cycle into something closer to a structural d [...]
Samsung commits $1.5bn to a Vietnam chip-testing plant, with $2.5bn more on the table
Samsung Electronics will invest 39 trillion dong, or about $1.5bn, in a semiconductor testing plant in Vietnam, according to a document seen by Reuters on Wednesday. Construction has already begun in [...]
Sachin Bansal’s Navi hires banks for a $315m IPO, four years after his first attempt stalled
Navi, the Indian fintech founded by Flipkart co-founder Sachin Bansal, has hired banks for an initial public offering of about $315m, according to a Bloomberg report. It is the clearest sign yet that [...]