Technology
May 23, 2024
27 views 4 mins 0

Lumos helps companies manage their employees’ identities — and access

Andrej Safundzic, Alan Flores Lopez and Leo Mehr met in a class at Stanford focusing on ethics, public policy and technological change. Safundzic — speaking to TechCrunch — says that the class drove home the point that few people, particularly in the corporate sector, have control over their online identities. “The future of software is […]

Technology
May 23, 2024
27 views 4 mins 0

Finout lands cash to grow its cloud spend management platform

In 2021, Roi Ravhon, Asaf Liveanu and Yizhar Gilboa came together to found Finout, an enterprise-focused toolset to help manage and optimize cloud costs. (We covered the company’s launch out of stealth in 2022.) Ravhon, Finout’s CEO and previously the director of engineering at observability platform Logz.io, says that he was spurred to start Finout […]

Technology
May 23, 2024
29 views 3 mins 0

Xiaomi Raises Target for Marquee EV in Signal of Confidence

(Bloomberg) — Xiaomi Corp. aims to deliver 120,000 of its SU7 electric-vehicles this year, hiking its target for a car it hopes can someday compete with Tesla Inc. and fuel its broader ambitions. Most Read from Bloomberg President Lu Weibing disclosed that latest goal after Xiaomi reported its fastest pace of quarterly revenue growth in […]

Technology
May 23, 2024
35 views 3 mins 0

Xiaomi Raises Sales Target for Marquee EV in Sign of Confidence

(Bloomberg) — Xiaomi Corp. aims to deliver 120,000 of its SU7 electric-vehicles this year, hiking its initial targets for a car it hopes can someday compete with Tesla Inc. Most Read from Bloomberg The company disclosed its latest goal in a press statement issued after reporting its fastest pace of quarterly revenue growth in more […]

Technology
May 23, 2024
35 views 6 mins 0

Morning bid: Nvidia aces Fed, tense Taiwan and UK poll

A look at the day ahead in U.S. and global markets from Mike Dolan Yet another quarterly earnings beat from AI-chip behemoth Nvidia catapulted Wall St stock futures higher again on Thursday – batting away hawkish Federal Reserve meeting minutes, military tension around Taiwan and news of a July UK election. Nvidia’s extraordinary boom on […]

Technology
May 23, 2024
39 views 5 mins 0

Google tweaks the business of clicks

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The internet gatekeeper is selling a new key. After organizing digital slices of the world’s knowledge and neatly presenting that information infused with advertising, Google (GOOG, GOOGL), the search world’s top dog, is […]

Technology
May 23, 2024
19 views 2 mins 0

Google Picks Southern Indian State for Smartphone Production

(Bloomberg) — Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Most Read from Bloomberg Google plans to invest billions of dollars in India’s Tamil Nadu state to set up smartphone production, picking the southern […]

Technology
May 23, 2024
34 views 7 mins 0

Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes

(Bloomberg) — Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, jumped in premarket trading after a bullish sales forecast showed that AI computing spending remains strong. Most Read from Bloomberg Second-quarter revenue will be about $28 billion, the company said Wednesday, topping the $26.8 billion predicted by analysts. Results in the […]

Technology
May 23, 2024
28 views 2 mins 0

Alibaba Is Considering Convertible Bond Sale, Following JD.com

(Bloomberg) — Alibaba Group Holding Ltd. is considering selling convertible bonds to raise about $5 billion, people familiar with the matter said, following a $1.75 billion offering by rival Chinese online retailer JD.com Inc. this week. Most Read from Bloomberg Alibaba has spoken with investment banks about selling bonds that can be converted into US-listed […]

Technology
May 23, 2024
3 views 9 mins 0

Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad

By Stephen Nellis (Reuters) -Microsoft President Brad Smith said the tech company’s high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools – a move that a senior Republican congressman warned could have national security implications. In an interview with Reuters this week, Smith […]

Technology
May 23, 2024
35 views 2 mins 0

South Korea Sets Aside Record $19 Billion to Fuel Chipmaking

(Bloomberg) — South Korea has unveiled a $19 billion package of incentives to bolster its chip sector, a boon to Samsung Electronics Co. and SK Hynix Inc. as they race to stay ahead in an increasingly competitive industry. Most Read from Bloomberg The 26 trillion won program includes 17 trillion won of financial support for […]