Snap reports upbeat fourth-quarter revenue as holiday season boosts ad spending
Feb 4 : Snap beat Wall Street estimates for fourth-quarter revenue, as more advertisers turned to the social media platform during the holiday season, sending its shares up nearly 6 per cent in extended trading.The Snapchat-parent said total active advertisers on the platform rose 28 per cent in the ...
Snap reports upbeat revenue as holiday season fuels ad sales
Feb 4 : Snap beat Wall Street estimates for fourth-quarter revenue, as more advertisers turned to the social media platform during the holiday season, sending its shares up over 2 per cent in extended trading.The Snapchat-parent said total active advertisers on the platform rose 28 per cent in the f ...
Arm Holdings shares fall as licensing sales miss estimates
Feb 4 : Shares of Arm Holdings fell on Wednesday as its licensing revenues slightly missed Wall Street estimates, despite a push by the company to boost the segment with new chip technology designs. Shares were down about 8 per cent in after-hours trading.The company forecast fourth-quarter revenue ...
Google parent Alphabet forecasts sharp surge in 2026 capital spending
Feb 4 : Alphabet said on Wednesday it was targeting capital expenditure of $175 billion to $185 billion this year, in yet another aggressive ramp-up in spending from the Google parent as it deepens its investments to push ahead in the AI race. Analysts on average had expected Alphabet to spend about ...
Alphabet says capital spending in 2026 could double, cloud business booms
Alphabet said on Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Google parent as it deepens investments to allay constraints on compute capacity and push ahead in the AI race.Alphabet and its Big Tech rivals are expected to col ...
Dip-buyers go missing as software selloff slams stocks
NEW YORK: The software sector's deepening selloff on Wednesday (Feb 4) failed to lure bargain hunters, with the dip-buying reflex that has rescued countless tech routs conspicuously absent.After a broad selloff on Tuesday that saw the S&P 500 software and services index fall nearly 4 per ce ...
Global stock index dips with tech under pressure, dollar higher
NEW YORK/LONDON, Feb 4 : MSCI's global equities gauge lost ground on Wednesday with technology stocks leading losses on Wall Street, while the dollar broadly rose after the latest U.S. economic data and silver outperformed gold following their recent plunge.Oil prices rallied for a second conse ...
Global stock index dips with dollar higher, precious metals mixed
NEW YORK/ LONDON, Feb 4 : MSCI's global equities gauge fell on Wednesday with technology stocks leading losses on Wall Street, while the dollar broadly rose after the latest U.S. economic data and in precious metals silver outperformed gold following a recent plunge.Oil prices were modestly low ...
Global stock index dips with tech slump while dollar rises, oil rallies
NEW YORK/LONDON, Feb 4 : MSCI's global equities gauge lost ground on Wednesday with technology stocks leading losses on Wall Street, while the dollar rose against Japan's yen and silver outperformed gold following their recent plunge.Oil prices rose sharply for a second consecutive day as ...
NFL-Super Bowl prepares for potential AI cybersecurity threat
SANTA CLARA, California, Feb 4 : Before the New England Patriots and Seattle Seahawks face off at Super Bowl LX, Levi’s Stadium needed a tech upgrade package.To equip the venue for Sunday's Super Bowl, the National Football League and the San Francisco 49ers laid down miles of fiber optic cab ...
Roblox launches AI tech that generates functioning models with natural language
Feb 4 : Roblox launched an artificial intelligence technology on Wednesday that can generate fully functioning in-game models using natural language prompts, as the company aggressively pursues machine learning to attract more developers to its videogame platform. The technology, dubbed 4D creation, ...
Startup EnFi raises $15 million to deploy AI credit analyst agents at banks
NEW YORK, Feb 4 : Boston-based startup EnFi is raising $15 million with venture capital funds to increase deployment of artificial intelligence agents that analyze and make decisions on credit applications. The round is led by Fintop, with Patriot Financial Partners, Commerce Ventures, Unusual Vent ...
China’s Xi and Trump talk by phone, hours after Xi spoke to Putin
Trump says the two leaders had ‘a long and thorough call’
Nvidia-rival Cerebras Systems valued at $23.1 billion in latest financing
Feb 4 : AI chipmaker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion, nearly tripling its valuation just over four months after its previous financing. The round was led by Tiger Global. Other investors included Benchmark, Coatue an ...
AI chip maker Cerebras Systems raises $1 billion in late-stage funding
Feb 4 : AI chip maker Cerebras Systems said on Wednesday it raised $1 billion in a late-stage funding round that valued it at $23 billion.
NASA's Juno finds Jupiter is a tiny bit smaller than previously thought
WASHINGTON, Feb 4 : Jupiter, without a doubt, is the biggest planet in our solar system. But it turns out that it is not quite as large - by ever so small an amount - as scientists had previously thought.Using new data obtained by NASA's robotic Juno spacecraft, scientists have obtained the mos ...
Nasdaq mulls new ‘fast entry’ rule ahead of big IPOs such as SpaceX’s
It allows new listings to join the Nasdaq 100 after the first 15 trading days, against the current waiting period of at...
GSK profit lifted by HIV, asthma drugs in boost to new CEO
Its adjusted earnings per share rises to 25.5 pence, higher than analysts’ expectations
Washington Post begins widespread layoffs, sharply shrinking storied newspaper’s reach
The cuts come days after the newspaper scaled back its coverage of the 2026 Winter Olympics
Washington Post begins layoff, gutting sports and foreign coverage: source
The layoff comes days after the newspaper scaled back its coverage of the 2026 Winter Olympics
Exclusive-Amazon plans to use AI to speed up TV and film production
LOS ANGELES, Feb 4 : Amazon plans to use artificial intelligence to speed up the process for making movies and TV shows even as Hollywood fears that AI will cut jobs and permanently reshape the industry. At the Amazon MGM Studio, veteran entertainment executive Albert Cheng is leading a team charge ...
Dow edges up as Lilly, Super Micro earnings cushion software jitters
[NEW YORK] The S&P 500 opened largely flat and the Dow marginally higher on Wednesday (Feb 4), following upbeat results from Eli...
New York Times added 1.4 million digital subscribers in 2025
The increase is due in part to a change in how the company counts subscribers
ElevenLabs secures $11 billion valuation in latest funding round
Feb 4 : AI voice generation firm ElevenLabs said on Wednesday it had secured an $11 billion valuation after raising $500 million in its latest funding round, signaling strong investor enthusiasm for the startup's prospects. The latest round, led by Sequoia Capital, more than triples the company ...
ElevenLabs raises $500 million at $11 billion valuation
Feb 4 : Voice-cloning AI startup ElevenLabs has secured an $11 billion valuation after raising $500 million in its latest funding round, the company said on Wednesday.The latest round, led by Sequoia Capital, more than triples the company's $3.3 billion valuation from January 2025, when ElevenL ...
APAC Realty’s wholly-owned subsidiary embroiled in lawsuit over alleged negligent misrepresentation
Teo Zheng Long - APAC Realty’s (SGX: CLN ) wholly-owned subsidiary, ERA Realty Network Pte Ltd (ERA) has been named one of the three co-defendants in a lawsuit filed in the High Court. The claimants are seeking to claim damages worth $731,212 against ERA for alleged breach of duty of care owed to them arising from ...
Listed property agencies face respective lawsuits alleging 'misrepresentation'
Teo Zheng Long - APAC Realty’s (SGX: CLN ) wholly-owned subsidiary, ERA Realty Network Pte Ltd (ERA) has been named one of the three co-defendants in a lawsuit filed in the High Court. The claimants are seeking to claim damages worth $731,212 against ERA for alleged breach of duty of care owed to them arising from ...
Automakers in China roll out longer-term financing plans to spur demand
Customers buying Dongfeng Nissan’s Sylphy Classic model will need to make a daily repayment of as low as 27 yuan over 8...
Dezign Format issues profit guidance for FY2025 results, expects lower net profit
Teo Zheng Long - Dezign Format (SGX: UZF ) says that it is expected to report a lower net profit for FY2025 compared to the corresponding year (FY2024). Dezign Format explained that the lower profitability was a result of “strategic expenditure” to accelerate its growth trajectory. The expenditure includes immer ...
CDW beats fourth-quarter estimates on resilient demand for IT solutions
(Removes extraneous word in pragraph 7)Feb 4 : CDW beat fourth-quarter sales and profit estimates on Wednesday, as clients continue to invest in artificial intelligence and cloud adoption.Shares of the Vernon Hills, Illinois-based company rose 5.8 per cent in premarket trading. The IT solutions
GS Holdings exit legacy business; proposes name change to Octopus (APAC) Holdings Limited
Teo Zheng Long - GS Holdings (SGX: 43A ) announced that it has entered into a conditional share sale and purchase agreement to sell all its shares in its wholly owned subsidiary Hawkerway Pte Ltd (Hawkerway) to Wei Global Pte Ltd for a net cash consideration of $650,000. Hawkerway is the holding company of Hao Kou W ...
TOTM Technologies’ subsidiary awarded additional contract of automated biometric identification system licences
Teo Zheng Long - TOTM Technologies’ (SGX: 42F ) wholly-owned subsidiary, International Biometrics (InterBio) Indonesia, has been awarded with additional contract for the issuance of approximately 3.5 million automated biometric identification system (ABIS) licences. The initial contract was first announced back on ...
Bromat Holdings receives letter of demand from TSMP Law Corporation
Teo Zheng Long - Bromat Holdings, formerly known as No Signboard Holdings (SGX: 9I7 ) has received a letter of demand from TSMP Law Corporation (TSMP) on Feb 3, in relation to work performed for the company, with an outstanding sum of S$167,567.38. Bromat says that this remaining outstanding sum has been accounted f ...
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
The company’s quarterly gross bookings rise 22% to US$54.14 billion
