(Bloomberg) — Artificial intelligence is the top priority among IT leaders worldwide, but businesses are still unready to make use of it, according to a survey of chief information officers by Lenovo Group Ltd. Most Read from Bloomberg The Beijing-based firm, which provides enterprise hardware, software and services, polled 750 technology chiefs across 10 global […]
(Reuters) – Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp’s assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic test maker filed for bankruptcy. Labcorp will acquire all of the bankrupt firm’s assets on a going concern basis for $239 million in cash consideration and […]
TikTok’s expected legal challenge to a law signed Wednesday by President Joe Biden forcing the popular app’s parent company to spin off its US operations could be a seminal moment in First Amendment law in what is shaping up to be a year of defining cases. The new law gives TikTok’s parent company ByteDance nine […]
(Bloomberg) — Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., priced its initial public offering above a marketed range and slightly expanded it to raise a total of $752 million. Most Read from Bloomberg Rubrik, which had planned to sell 23 million shares for $28 to $31 each, instead sold them […]
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Brent crude futures dipped 9 cents, or 0.1%, to $86.95 a barrel […]
(Bloomberg) — SK Hynix Inc. logged its fastest pace of revenue expansion since at least 2010, buoyed by strong sales of high-end memory chips used to power AI applications. Most Read from Bloomberg Sales at the world’s No. 2 maker of memory more than doubled to 12.4 trillion won ($9 billion) in the March quarter, […]
(Bloomberg) — Now that President Joe Biden has signed off on a law that could expel TikTok from the US market, Beijing must decide how best to retaliate over an attack on the world’s most-valuable start-up. Most Read from Bloomberg The legislation approved on Wednesday would give Chinese parent company ByteDance Ltd. nearly a year […]
(Bloomberg) — Now that President Joe Biden has signed off on a law that could expel TikTok from the US market, Beijing must decide how best to retaliate over an attack on the world’s most-valuable start-up. Most Read from Bloomberg The legislation approved on Wednesday would give Chinese parent company ByteDance Ltd. nearly a year […]
(Bloomberg) — Now that President Joe Biden has signed off on a law that could expel TikTok from the US market, Beijing must decide how best to retaliate over an attack on the world’s most-valuable start-up. Most Read from Bloomberg The legislation approved on Wednesday would give Chinese parent company ByteDance Ltd. nearly a year […]
(Bloomberg) — Meta Platforms Inc. said it will spend billions of dollars more than it previously anticipated this year as it continues to invest in artificial intelligence, raising questions about whether the company’s futuristic technological bets will eventually pay off for investors. The shares tumbled in extended trading. Most Read from Bloomberg The Facebook parent […]
(Bloomberg) — ServiceNow Inc. provided an outlook for sales in the quarter that fell just short of analysts’ estimates, suggesting that corporate budgets for software purchases remain tight. The shares declined about 5% in extended trading. Most Read from Bloomberg Subscription sales, which account for the bulk of the company’s revenue, will increase about 22% […]
(Bloomberg) — Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic technological bets will eventually pay off for investors. Most Read from Bloomberg The Facebook parent reported revenue of $36.5 billion in the first quarter, […]
