EA beats quarterly bookings estimates powered by new 'Battlefield' game
Feb 3 : Electronic Arts beat expectations for third-quarter bookings on Tuesday, buoyed by strong sales of its new "Battlefield" title and signs that the videogame publisher's big bets on its best-selling shooter franchise were paying off.The results reflect a return to form for one o ...
US stocks: Wall Street ends sharply down as traders fret about AI disruption
WALL Street ended sharply lower on Tuesday as investors worried about AI creating more competition for software makers, keeping them on edge...
Match Group forecasts upbeat revenue as turnaround gains traction
Feb 3 : Tinder parent Match Group forecast first-quarter revenue above estimates, signaling early gains from its turnaround push, sending its shares up about 12 per cent in extended trading.The company has been reworking core features to steer users toward more meaningful matches and reduce negative ...
Take-Two raises annual bookings forecast, sticks with 'GTA VI' November launch
Feb 3 : Take-Two Interactive raised its annual bookings forecast on Tuesday, betting on strong sales of its premium sports, action and mobile titles as it gears up to launch the highly anticipated "Grand Theft Auto VI" in November. Shares of the company rose around 4 per cent in extended t ...
Texas Instruments in advanced talks to buy Silicon Laboratories for about $7 billion, source says
Feb 3 : Texas Instruments is in advanced talks to buy chip designer Silicon Laboratories for about $7 billion, a source familiar with the matter told Reuters on Tuesday.A deal could be announced in the coming days, the source said.Shares of Silicon Laboratories, which has a market value of about $4. ...
Texas Instruments in advanced talks to buy Silicon Laboratories for about $7 billion, FT reports
Feb 3 : Texas Instruments is in advanced talks to buy chip designer Silicon Laboratories for about $7 billion, the Financial Times reported on Tuesday.A deal between the two companies could be announced in the coming days, the newspaper said, citing people familiar with the matter.Shares of Silicon ...
US files appeal in Google search antitrust case
WASHINGTON, Feb 3 : The U.S. government and a majority of U.S. states on Tuesday will appeal the outcome of a landmark antitrust case against Alphabet's Google, according to court papers.A federal court judge in Washington in 2024 ruled Google has a monopoly in the online search business, but r ...
Elon Musk loses bid to dismiss US SEC lawsuit over Twitter stake
Feb 3 : A federal judge on Tuesday rejected Elon Musk's bid to dismiss a U.S. Securities and Exchange Commission lawsuit that claimed he waited too long to disclose his purchases of Twitter shares in 2022.U.S. District Judge Sparkle Sooknanan in Washington, D.C., said none of Musk's argume ...
Musk loses bid to dismiss SEC lawsuit over Twitter stake
Feb 3 : A federal judge on Tuesday rejected Elon Musk's bid to dismiss a U.S. Securities and Exchange Commission lawsuit claiming he waited too long to disclose his purchases of Twitter shares in 2022.U.S. District Judge Sparkle Sooknanan in Washington, D.C. said Musk's arguments, includin ...
ChatGPT back up after a brief outage, Downdetector shows
Feb 3 : ChatGPT was back online after a brief outage for thousands of users in the U.S. on Tuesday, according to outage tracking website Downdetector.com.At the peak of the disruption, more than 13,000 users reported problems with the chatbot, before reports fell to 309 as of 4:33 p.m. ET, Downdetec ...
ChatGPT down for thousands of users in US, Downdetector shows
Feb 3 : ChatGPT was down for thousands of users in the U.S. on Tuesday, according to outage tracking website Downdetector.com.There were more than 8,000 incidents of people reporting issues with the chatbot as of 03:37 pm ET, according to Downdetector, which tracks outages by collating status report ...
Nvidia-backed UK AI firm Nscale hires banks for IPO, sources say
Feb 3 : Nvidia-backed British artificial intelligence group Nscale Global Holdings has hired Goldman Sachs and JPMorgan to prepare for an initial public offering, people familiar with the matter said.The timeline for the potential listing has not yet been set, the sources said, asking not to be iden ...
Nvidia will consider investing in OpenAI IPO, CEO Huang tells CNBC
Feb 3 : Nvidia will consider investing in OpenAI's next fundraising round and in the startup's eventual IPO, CEO Jensen Huang told CNBC in an interview on Tuesday.Huang told CNBC Nvidia's plans to invest in OpenAI remained on track following recent reports that the deal had been stall ...
Nvidia will consider investing in OpenAI IPO, Huang tells CNBC
The ChatGPT maker is also nearing a deal to invest US$20 billion in OpenAI as part of its latest funding round, reported Bloomberg News.
Malaysia's Petronas set to sign LNG supply deal with QatarEnergy, sources say
DOHA, Feb 3 : Malaysia's state-owned firm Petronas is set to sign a liquefied natural gas supply deal with QatarEnergy as the southeast Asian nation seeks more supplies of the super-chilled fuel, two sources familiar with the matter told Reuters.Petroliam Nasional, or Petronas, will sign a cont ...
OpenAI CEO Altman dismisses Moltbook as likely fad, backs the tech behind it
Feb 3 : OpenAI CEO Sam Altman on Tuesday played down the viral AI social network Moltbook as a likely fad, but he said the technology that let bots act on their own offered a glimpse of the future.Altman delivered his remarks at the Cisco AI Summit in San Francisco, as tech leaders weighed in on the ...
US Senator says AT&T, Verizon blocking release of Salt Typhoon security assessment reports
WASHINGTON, Feb 3 : Democratic Senator Maria Cantwell on Tuesday said Verizon and AT&T are blocking release of key documents about an alleged massive Chinese spying operation that infiltrated U.S. telecommunications networks known as Salt Typhoon and wants their CEOs to appear before Congress to ...
Senator says AT&T, Verizon blocking release of Salt Typhoon security assessment reports
WASHINGTON, Feb 3 : Democratic Senator Maria Cantwell on Tuesday said Verizon and AT&T are blocking release of key documents about an alleged massive Chinese spying operation that infiltrated U.S. telecommunications networks known as Salt Typhoon and wants their CEOs to appear before Congress to ...
Intel CEO says company will make GPUs, popularized by Nvidia
SAN FRANCISCO, Feb 3 : Intel CEO Lip-Bu Tan on Tuesday said the company plans to build graphics processing units (GPUs), the category of chip popularized by Nvidia."I just hired the chief GPU architect, and he's very good. I'm very delighted he joined me," Tan said, claiming that ...
Alphabet plans major India expansion as US tightens visa rules, Bloomberg News reports
Feb 3 : Google-parent Alphabet is planning to dramatically expand its presence in India, with the possibility of taking millions of square feet in new office space in Bengaluru, India's tech hub, Bloomberg News reported on Tuesday.The company has leased one office tower and purchased options on ...
Global stock index flat with oil rallying on Iran worries as gold, silver rise
NEW YORK/ LONDON, Feb 3 : MSCI's global equities gauge was barely changed on Tuesday as technology stocks pushed Wall Street lower while oil futures rallied after incidents between the United States and Iran and precious metal prices rose to regain some lost ground following a two-day rout.Whil ...
Global stock index dips with oil rallying on Iran worries as gold, silver rise
NEW YORK/ LONDON, Feb 3 : MSCI's global equities gauge lost ground on Tuesday as technology stocks pushed Wall Street lower in contrast with an oil rally on fears of U.S.-Iran tensions while precious metal prices rose sharply, regaining some lost ground following a two-day rout.Oil prices jumpe ...
Global stock index up slightly while gold, silver bounce
NEW YORK/ LONDON, Feb 3 : MSCI's global equities gauge rose slightly on Tuesday while Wall Street's main indexes lost ground as software stocks were slammed while investors waited for high-profile earnings reports but in contrast, precious metal prices rose sharply, regaining some lost gro ...
Has South-east Asia reached its AI inflection point or stalled at pilots?
The event will discuss strategies involving leadership alignment and organisational readiness
Europe must keep control of key technologies, says EU commissioner
BRUSSELS, Feb 3 : Europe must keep control over key technologies that underpin the region's economies, the European Union's Financial Services Commissioner said on Tuesday, adding to growing calls for the bloc to be less reliant on U.S.-based technology giants.Europe is increasingly focuse ...
Blackstone's Gray says AI disruption risk is 'top of the page' for us
WEST PALM BEACH, Florida, Feb 3 : Disruption to businesses from artificial intelligence development is "top of the page" for Blackstone, the world's largest alternative asset manager, its president and chief operating officer Jon Gray said on Tuesday."You want to be thinking abou ...
NASA's Artemis II moon mission slips to March
WASHINGTON, Feb 3 : NASA pushed its Artemis II mission to March after wrapping up a launch rehearsal that uncovered issues with the massive Space Launch System rocket's fueling process, the latest delay for the mission to fly four astronauts around the moon and back.The U.S. space agency had be ...
German voice actors boycott Netflix over AI training concerns
BERLIN, Feb 3 : German voice actors have launched a grassroots boycott against Netflix over a contract clause that allows the streaming platform to use their recordings for AI training, a spokesperson for the VDS voice actors' association told Reuters.Netflix's global footprint has increas ...
Palantir rallies after bumper quarter fueled by US defense spending
Feb 3 : Shares of Palantir Technologies jumped 6.9 per cent in early trading on Tuesday as investors bet on the company's military-grade AI tools and services after it reported a surge in quarterly sales, boosted by rising U.S. defense spending.Denver, Colorado-based Palantir is on track to add ...
Wingtech Shanghai filing says CFO resigns for personal reasons
AMSTERDAM, Feb 3 : Chinese electronics company Wingtech said in a Shanghai Stock Exchange filing that its chief financial officer Zhang Yanru had resigned, citing personal reasons.The filing was signed by Wingtech's board of directors and dated January 31, the day after the company said it woul ...
White House meeting fails to resolve US crypto legislation stalemate
Feb 3 : A White House meeting aimed at breaking a months‑long stalemate between major U.S. banks and cryptocurrency firms ended Monday without any agreement, underscoring industry divisions that continue to threaten progress on landmark digital‑asset legislation.The closed‑door session, conven ...
SpaceX grounds Falcon 9 flights after second-stage issue
Feb 3 - Elon Musk's SpaceX has paused flights of its workhorse Falcon 9 rocket over an unspecified issue that its second stage experienced after successfully deploying Starlink satellites into orbit on Monday, the company said. After the two-stage Falcon 9 delivered 25 Starlink satellites ...
Market revival is underway and Singapore will continue to 'raise the game'
The Edge Singapore - The various measures to revive the Singapore stock market has seen some success, according to Minister Chee Hong Tat. Average daily traded value has increased 20% y-o-y to $1.8 billion in November, and the Straits Times Index has been hitting new highs, closing at 4,944.09 points on Feb 3 – a whis ...
US trade chief says India to maintain some agriculture protections in deal with Trump
WASHINGTON, Feb 3 : The Trump administration is working to put the details of its trade deal with India announced on Monday on paper, but it will reduce India's tariffs on American industrial goods to zero from 13.5 per cent and eliminate duties but allow India to maintain some agricultural imp ...
