Broadcom sees over $100 billion in AI chip sales by 2027 on robust custom chip demand
March 4 : Chip designer Broadcom on Wednesday projected its artificial intelligence chip revenue would exceed $100 billion by next year, signaling surging demand for custom artificial intelligence chips in a market dominated by Nvidia.The company's share price rose more than 4 per cent in exten ...
Okta forecasts slowest revenue growth since IPO amid economic uncertainty
March 4 : Okta forecast first-quarter revenue below Wall Street expectations on Wednesday, projecting single-digit growth for the first time since its 2017 IPO as economic uncertainty weighs on enterprise technology spending.The identity security company said it expects revenue between $749 million ...
Founder of clothing tech startup CaaStle pleads guilty in $300 million fraud case
NEW YORK, March 4 : The once-prominent entrepreneur of bankrupt clothing technology startup CaaStle pleaded guilty on Wednesday in connection with her scheme to defraud investors out of more than $300 million, federal prosecutors said.Christine Hunsicker, 48, of Lafayette, New Jersey, pleaded guilty ...
Nvidia CEO hints at end of investments in OpenAI, Anthropic
March 4 : Nvidia CEO Jensen Huang said the latest investments in OpenAI and Anthropic might be the chipmaker's last in those companies, as the AI companies prepare to go public this year.The opportunity to invest $100 billion in OpenAI is probably not in the cards as the ChatGPT creator is set ...
Nvidia will not be able to invest $100 billion in OpenAI due to IPO, CEO Huang says
March 4 : Nvidia CEO Jensen Huang said that the opportunity to invest $100 billion in OpenAI is probably not in the cards as the ChatGPT creator is set to go public later this year.Nvidia has finalized a $30 billion investment in OpenAI, which might be the last time it has the opportunity to "i ...
Global firms, investors in share sale rush as Middle East conflict erupts
LONDON, March 4 : Companies and investors, including from the Gulf, kicked off large share sales raising tens of billions of dollars in recent days as tensions in the Middle East erupted into conflict, according to advisers and new figures. Around $20 billion worth of equity deals were struck global ...
Big Tech group tells Pentagon's Hegseth they are 'concerned' about Anthropic supply-chain risk designation
March 4 : A Big Tech industry group on Wednesday expressed concern to U.S. Secretary of Defense Pete Hegseth about his declaring AI company Anthropic a supply-chain risk, saying such a designation creates uncertainty for companies that could threaten the military's access to the best products a ...
Exclusive-Big Tech group tells Pentagon's Hegseth they are 'concerned' about declaring Anthropic a supply-chain risk
March 4 : A Big Tech industry group on Wednesday expressed concern to U.S. Secretary of Defense Pete Hegseth about his declaring AI company Anthropic a supply-chain risk, saying it creates uncertainty for companies that could threaten the military's access to the best products and services.&quo ...
Tesla's UK sales plummet in February but outpace BYD, New Automotive data shows
March 4 : Tesla's UK sales fell sharply in February, but still outpaced Chinese rival BYD, data from New Automotive showed on Wednesday.Tesla sold 2,208 vehicles in February, down 45.2 per cent from a year earlier. BYD's sales rose 40.9 per cent to 968 units.While Tesla's delivery pat ...
AI disruption will challenge lending decisions in coming years, Goldman exec says
NEW YORK, March 4 : Uncertainty about artificial intelligence's disruption of business models will complicate lenders' decisions over how much risk to take on in the next two years, a senior Goldman Sachs executive said.Those fears have spread across the financial system, from equity marke ...
Google revamps app store billing, fee structure, brings back Fortnite worldwide
March 4 : Google said it would expand billing options and cut developer fees on Android, in a major policy overhaul that helped resolve its long-running dispute with Epic Games and bring back the popular game Fortnite to the company's app store worldwide.The sweeping changes to Google's ap ...
Fortnite to return to Google Play worldwide after revision to app store billing, fee structures
March 4 : Epic Games' popular video game Fortnite will return to Google Play Store worldwide, the company said on Wednesday, after the app store implemented major changes, including lower fees and flexibility in how developers handle transactions in their apps.Google separately announced on Wed ...
Fortnite to return to Google Play worldwide
March 4 : Epic Games' popular battle royale title Fortnite will be made available on Google's Play Store worldwide, the company said on Wednesday.
US, European stocks rise as oil takes a pause and crypto rallies
NEW YORK/LONDON, March 4 : U.S. equities followed Europe higher on Wednesday as oil prices steadied after their dramatic two-day rally and a surge in cryptocurrencies encouraged investors to take on risk even while they cautiously monitored the Middle East war.The dollar fell and U.S. Treasury yield ...
US, European stocks rise as oil steps back and crypto rallies
NEW YORK/LONDON, March 4 : After some steep losses in Asian markets, U.S. and European shares were rising on Wednesday as oil prices took a step back after a dramatic two-day rally and a jump in cryptocurrency encouraged investors even while they cautiously monitored the Middle East war.The dollar f ...
Allstate must face privacy lawsuit over cellphone tracking of drivers
March 4 : Allstate must face a privacy lawsuit accusing the home and auto insurer of illegally tracking drivers through their cellphones without consent, using their data to raise premiums or deny coverage, and selling the data to other insurers.In a decision on Tuesday, U.S. District Judge Jeremy D ...
Intel CEO Tan reconsidering fate of chipmaker's new manufacturing tech, CFO says
March 4 : Intel CEO Lip-Bu Tan is now starting to recognize its 18A manufacturing technology as a potential offering for external clients after relegating it largely to internal use last year, Chief Financial Officer David Zinsner said on Wednesday during a tech conference in San Francisco. This cou ...
Intel CEO Lip-Bu Tan reconsidering fate of chipmaker's 18A manufacturing tech, CFO says
March 4 : Intel CEO Lip-Bu Tan is now starting to recognize its 18A manufacturing technology as a potential offering for external clients after relegating it largely to internal use last year, Chief Financial Officer David Zinsner said on Wednesday during a tech conference in San Francisco.
Exclusive-Big tech group supports Anthropic in Pentagon fight as investors push to de-escalate clash over AI safeguards
SAN FRANCISCO, March 4 : A big tech industry group consisting of major Anthropic backers Amazon and Nvidia on Wednesday expressed concern over the Pentagon's decision to declare the artificial intelligence company a supply-chain risk as other investors raced to contain fallout from the lab' ...
Exclusive-Anthropic investors push to de-escalate Pentagon clash over AI safeguards, sources say
SAN FRANCISCO, March 4 : Some Anthropic investors are racing to contain fallout from the AI research lab's dispute with the Pentagon, seven people familiar with the matter said, for fear that an ongoing spat could devastate the company's business. In recent days, CEO Dario Amodei has discu ...
US Treasury chief says 15% global tariff likely implemented this week
"It's my strong belief that the tariff rates will be back to their old rate within five months," said US Treasury chief Scott Bessent.
US dollar dips from multimonth highs on Middle East optimism
NEW YORK, March 4 : The U.S. dollar slipped on Wednesday, pulling back from the multimonth highs it touched in the previous session, as investors unwound safe‑haven positions on rising hopes that the Middle East conflict may prove shorter‑lived than initially feared.Improved sentiment was underp ...
US dollar nudges lower on hopes of Middle East de-escalation
LONDON/NEW YORK, March 4 : The U.S. dollar slipped on Wednesday, pulling back from the multi‑month highs it touched in the previous session, as investors unwound safe‑haven positions on rising hopes that the Middle East conflict may prove shorter‑lived than initially feared.Improved sentiment ...
Aspial Lifestyle intends to apply for transfer to Mainboard; propose sale of vendor shares to fulfil requirement
Teo Zheng Long - Aspial Lifestyle (SGX: 5UF ) intends to apply to transfer its Catalist listing to the Mainboard, in bid to reach out to a broader and more diversified investor base and enhance the company’s image, among other reasons. Based on Mar 4 closing price of 36.5 cents, the company is valued at $675.7 mil ...
Italy basilica bust re-attributed to Michelangelo after centuries in obscurity
(Clarifies timeframe in third bullet point)By Giselda VagnoniROME, March 4 : A marble bust that has stood for centuries in one of Rome’s basilicas has been re-attributed to Michelangelo after nearly 200 years in obscurity, following a document-based investigation.The sculpture, which depicts
ComfortDelGro to partially absorb higher fuel costs at its petrol pumps
Navene Elangovan - It will also deploy fuel subsidies to ease the financial pressure on its drivers in the wake of higher pump prices amid...
Aspial Lifestyle proposes transfer to SGX mainboard
Jude Chan - The group is eyeing access to equity and debt capital markets in a move aimed at supporting its future funding requirements
S&P 500 edges up after report of Iran’s secret outreach to US
[NEW YORK] The S&P 500 edged higher in choppy trading on Wednesday (Mar 4) as investors weighed a report that Iranian operatives...
Wall St opens higher on report of Iran's secret outreach to US
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Mar 4) as investors weighed a report that Iranian operatives secretively reached...
US and Britain split over crypto collaboration, sources say
LONDON/PARIS, March 4 : British and U.S. regulators are divided over how to test blockchain-based versions of financial securities, with Britain pushing for a more cautious approach in talks aimed at boosting crypto collaboration, sources said.The U.S. and Britain announced in September a taskforce ...
Apple debuts $599 MacBook Neo to challenge Chromebooks, Windows PCs
March 4 : Apple on Wednesday unveiled the MacBook Neo, a lower-priced addition to its laptop lineup starting at $599, as it looks to broaden its reach in a price-sensitive PC market while rivals face tighter supply of memory chips.A lower-priced laptop marks one of Apple's most aggressive entry ...
Apple debuts US$599 MacBook Neo to challenge Chromebooks, Windows PCs
Apple moves into a lower-priced PC market as it releases its new US$599 MacBook Neo.
Hormuz shutdown worsens after US hits Iranian warship; tankers stranded for fifth day
March 4 : The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.The U.S. submarine strike on the Iranian vessel ...
Aims Apac Reit to divest S$15 million industrial property for capital recycling
Therese Soh - The net proceeds may be redeployed towards acquisitions, asset enhancements and development opportunities
