Technology

Anthropic Nears $15 Billion Pre-IPO Loan, Taps Morgan Stanley for Listing

Anthropic is close to finalizing a $15 billion pre-IPO credit facility and nearing selection of Morgan Stanley and Goldman Sachs for a listing eyed for mid

BP Names Ian Tyler Permanent Chair After Manifold Ousting

BP appointed Ian Tyler as permanent chair on Wednesday, ending a search that followed the contentious removal of Albert Manifold in May.

Ryanair Warns European Air Fares Will Rise as Jet Fuel Hits $140

Ryanair cut its annual passenger target to 214 million on Wednesday and warned European air fares will rise if jet fuel stays near $140 a barrel.

US Envoys Witkoff and Kushner Arrive in Moscow for Ukraine Peace Push

US envoys Steve Witkoff and Jared Kushner arrived in Moscow on September 5 for Ukraine peace talks as Russian attacks killed at least five people.

American Airlines Adds Flagship Suites to Boeing 777 Jets for Long-Haul Flights

American Airlines is installing its Flagship Suite premium cabins on its largest Boeing 777 jets, targeting its busiest long-haul international routes.

TikTok to Build €1 Billion Data Centre in Finland to Strengthen European Operations

TikTok is moving forward with plans to enhance its European data infrastructure by investing €1 billion (US$1.14 billion) in the construction of its first...

Nvidia Warns U.S. Lawmakers About Huawei’s Rising AI Chip Threat

Nvidia CEO Jensen Huang recently addressed rising concerns about Huawei Technologies' expanding capabilities in artificial intelligence during a confidential meeting with the U.S. House...

DeepSeek Unveils Prover-V2 as R2 AI Model Anticipation Builds

Chinese AI start-up DeepSeek has generated renewed public interest with the unexpected release of its upgraded mathematics-focused model, Prover-V2, as anticipation builds for its...

Xbox Raises Console and Game Prices Amid Tariff Pressures

Microsoft’s Xbox division is raising the prices of its gaming consoles, accessories, and first-party games across major markets including the United States, Europe, the...

Shoucheng Holdings Commits to Investing in 50 Robotics Firms in China

Shoucheng Holdings, a Hong Kong-listed car park operator under Shougang Group, is set to invest in approximately 50 robotics firms across China in the...

Temu Adjusts Business Model in the U.S. Amid Tariff Changes and Policy Shifts

Temu, the shopping platform owned by Chinese e-commerce giant PDD Holdings, has adjusted its business model in the U.S. in response to retaliatory tariffs...

Microsoft Increases Xbox Prices Amid Market Conditions and Higher Development Costs

Microsoft has announced that it is raising the recommended retail prices for its Xbox consoles and some controllers globally, citing “market conditions” and the...

Amazon Q1 Ad Revenue Surges 19%, Beating Expectations Amid Economic Uncertainty

Amazon reported a 19% increase in its online ad revenue for the first quarter, surpassing analysts’ expectations. Ad sales reached $13.92 billion, slightly exceeding...

Reddit Q1 Revenue Beats Expectations; Shares Soar Before Softening Due to Economic Concerns

Reddit posted strong first-quarter results, surpassing Wall Street’s expectations. The company reported earnings of 13 cents per share, well above the 2-cent estimate, and...

Airbnb Q1 Results Meet Estimates, But Disappointing Revenue Forecast Hits Shares

Airbnb reported results for the first quarter that mostly aligned with analysts' expectations, but issued a revenue forecast for the second quarter that disappointed...

Amazon Cloud Business Slows as AWS Revenue Misses Expectations

Amazon’s cloud business, Amazon Web Services (AWS), showed slower growth than expected in the first quarter, marking the third consecutive revenue miss for the...

Block Misses Expectations in First Quarter, Issues Disappointing Outlook

Block reported disappointing first-quarter results, with the company missing Wall Street’s expectations and offering a weak outlook for the remainder of the year. The...

Amazon CEO Andy Jassy Optimistic Amid Tariff Challenges and Forecasts

Amazon CEO Andy Jassy reassured investors during the company's first-quarter earnings call, expressing confidence that the retail giant could emerge from the current tariff...

Nvidia CEO Jensen Huang’s Pay Surge Reflects Company’s Massive Growth

Nvidia CEO Jensen Huang, who has amassed billions from his stake in the company, is seeing his first salary increase in a decade. According...

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