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 ...
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 ...
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 ...
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
Software selloff continues as investors debate AI's existential threat
Feb 4 : Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by artificial intelligence. The answer: It's unclear, but AI's development will involve volatility. ...
As software stocks slump, investors debate AI's existential threat
Feb 4 : Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by artificial intelligence. The answer: It's unclear and will lead to volatility.After a broad selloff o ...
US software stocks hit by Anthropic wake-up call on AI disruption
Feb 4 : U.S. software stocks extended their slide on Wednesday, driven by fears of disruption caused by artificial intelligence, with some analysts warning of more volatility as investors assess whether the challenge is existential for the sector.The selloff was triggered by a new legal tool from An ...
Global software stocks hit by Anthropic wake-up call on AI disruption
MILAN, Feb 4 : European and U.S. software stocks struggled to find support on Wednesday as a sector-wide selloff spread to Asia, fuelled by mounting worries that advances in artificial intelligence could upend companies' business models.European data analytics, professional services and softwar ...
Selloff wipes out nearly $1 trillion from software and services stocks as investors debate AI's existential threat
Feb 4 : Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by artificial intelligence. The answer: It's unclear, but AI's development will involve volatility. ...
Texas Instruments strikes $7.5 billion deal for Silicon Labs to boost wireless footprint
Feb 4 : Texas Instruments on Wednesday agreed to buy chip designer Silicon Laboratories for about $7.5 billion, aiming to expand its presence in wireless connectivity chips used in industrial and consumer applications.For TI, whose core strength lies in analog chips that manage signals and power in ...
Texas Instruments to buy chip designer Silicon Labs in $7.5 billion deal
Feb 4 : Texas Instruments on Wednesday agreed to buy Silicon Laboratories in a deal valuing the chip designer at $7.5 billion, to expand its footprint in wireless connectivity chips used for industrial and consumer applications.For Texas Instruments, whose core strength lies in analog chips that man ...
Texas Instruments to buy chip designer Silicon Laboratories in $7.5 billion deal
Feb 4 : Texas Instruments on Wednesday agreed to buy chip designer Silicon Laboratories in a deal valued at $7.5 billion, expanding its footprint in wireless connectivity chips used for industrial and consumer applications.
Uber pushes robotaxi plans even as cheaper rides, higher taxes dent profit
Feb 4 : Uber Technologies backed its capital-intensive, early-stage autonomous vehicle strategy on Wednesday even as its profit took a hit from its push for affordable rides and higher taxes, sending the shares of the ride-hailing company down 5 per cent. The company said it was committing capital t ...
Uber forecasts profit below estimates on cheaper rides and higher taxes
Feb 4 : Uber Technologies forecast first-quarter profit below expectations and fourth-quarter estimates on Wednesday, weighed down by higher taxes and an increase in more affordable ride options aimed to boost bookings.Shares fell more than 8 per cent in premarket trading after the ride-hailing comp ...
TikTok extremely cooperative with EU's probe on Romania election, Commission spokesperson says
BRUSSELS, Feb 4 : Social media firm TikTok is "extremely cooperative" with the European Commission's ongoing investigation on potential interference in the 2024 Romanian elections, Commission spokesperson Thomas Regnier said on Wednesday."This also shows that when you want to eng ...
Indonesia unveils new draft market regulations after US$80 billion rout
The draft regulations will be open for feedback from industry stakeholders and the public
GCL says Musk's delegation visited company, Chinese state media reports
BEIJING, Feb 4 : Chinese solar panel maker GCL Group said a delegation from companies led by Elon Musk visited on Wednesday, Chinese state media outlet Securities Times reported.It came as Chinese local media reported that teams sent by Musk visited several Chinese solar firms days after he announce ...
