Amid concerns about EV sales, a new small and cheap EV from VinFast is aimed primarily at the Asian market
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Amazon Finally Breaches $2 Trillion Valuation
Long time coming. Amazon has reached a $2 trillion market capitalisation - six years after it passed a $1 trillion valuation
Rivian To Gain Up To $5 Billion Investment From Volkswagen
Crucial intervention? Volkswagen to form joint venture with Rivian to share electric vehicle software and architecture
China-Linked Shein Faces Uphill Battle For IPO In US Or UK
China-founded fast-fashion company Shein faces political resistance in search for IPO venue, as major investors grow impatient
Nvidia Cedes Top Market Spot To Microsoft
Nvidia cedes title of most valuable US listed company back to Microsoft as Apple regains No. 2 spot amidst continued AI frenzy
OpenAI Co-Founder Ilya Sutskever To Start New AI Firm
Ilya Sutskever is creating a new AI firm, as part of his stated intention for a project that ‘personally meaningful’ to him
UK Investigates HPE’s $14bn Acquisition Of Juniper Networks
UK competition regulator begins investigation into the multi billion dollar acquisition of Juniper Networks by Hewlett Packard Enterprise
Fisker Files For Chapter 11 Bankruptcy
EV maker Fisker files for bankruptcy protection in the US – the second EV venture led by car designer Henrik Fisker to do so
Nvidia Overtakes Microsoft As Most Valuable Tech Firm
Nvidia dethrones Microsoft as world's most valuable tech firm, in ongoing market capitalisation battle of the big three
Adobe Shares Jump On AI Success
Adobe shares post biggest gains in more than four years after it reports user take-up of generative AI tools
Elon Musk Wins Shareholder Vote On Pay, Texas Incorporation
Shareholders at Tesla vote to reinstate Elon Musk's 'ridiculous' $56bn pay package, and approve incorporation in Texas
SEC Reaches $4.5bn Settlement With Bankrupt Terraform Labs
Terraform Labs and disgraced founder Do Kwon agree to pay the US SEC a combined $4.5 billion in civil fraud case
WeWork Emerges From Bankruptcy Protection
WeWork, once valued privately at $47bn and seen as future of workplace, emerges from bankruptcy protection in US
Tesla Investor Slams Elon Musk’s $56bn Pay Deal, Amid Another Lawsuit
Head of one of the largest pension funds in US to vote against Elon Musk's ‘ridiculous’ pay package, as another Tesla investor files lawsuit
Nvidia Completes Stock Split To Make Shares More Affordable
The 10-for-1 stock split at Nvidia has taken place, after the meteoric share price rise helped it become one of the most valuable tech firms
Mike Lynch Cleared In HP Autonomy Fraud Trial
Dr Mike Lynch has been cleared of all fraud charges in the US, over $11 billion sale of Autonomy to Hewlett-Packard in 2011
Alphabet Names Anat Ashkenazi As CFO
Anat Ashkenazi swaps CFO role in pharmaceutical industry to join Alphabet, replacing outgoing CFO Ruth Porat
Nvidia Overtakes Apple As Second Most Valuable Tech Firm
Value of Nvidia continues to surge as it reaches $3 trillion market cap, making it the second most valuable tech firm
Spotify Raises US Prices In Profit Drive
Spotify hikes prices in US, its biggest market, following UK rises as it shifts from focus on user growth to expanding profit margins
Saudi Fund Invests In China’s Biggest AI Start-Up
Saudi Arabian investment fund Prosperity7 reportedly contributes to funding round for China's Zhipu AI as US tries to keep allies away
Terra Labs, Do Kwon Settle SEC Fraud Case
Tentative settlement reportedly reached between the US SEC and Singapore's Terraform Labs and founder Do Kwon
EU Adopts Law To Spur Green Tech Manufacturing
EU formally adopts Net-Zero Industry Act that seeks to boost EU green-tech manufacturing against rivals from China and US
Elon Musk’s xAI In $6bn Funding Round Valuing It At $24bn
Elon Musk artificial intelligence start-up xAI concludes $6bn funding round valuing it at $24bn in coming weeks amidst heavy competition
Mike Lynch Defends Himself At HP-Autonomy Trial In US
British founder of Autonomy defends himself in San Francisco federal courthouse against criminal fraud charges
UK Regulator Declines To Investigate Microsoft’s Mistral AI Deal
Weeks after seeking feedback on Microsoft's partnership with Mistral AI, UK regulator says it does not qualify for investigation
Microsoft Invests 4 Billion Euros In France For AI, Cloud
Global spending spree from Microsoft continues, with huge investment for new data centre to drive AI and skills in France
Federal Court Orders Elon Musk To Testify In SEC Twitter Takeover Probe
Elon Musk loses bid to avoid court order to force him to testify in SEC probe of his $44 billion Twitter purchase
US To Make 30 Percent Of Advanced Chips By 2032
US to triple domestic chipmaking capacity and control 30 percent of advanced chips by 2032 after Chips Act subsidy boost
SoftBank-Owned ARM To Develop AI Chips
SoftBank-owned UK chip design firm ARM Holdings to develop AI accelerator chips for data centres amidst investment boom
Shares In Chinese EV Firm Zeekr Soar On Debut
EV maker Zeekr, controlled by car giant Geely, valued at nearly $7bn as investors heartened by surging sales