News from Financial Times

Big Tech groups say their $100bn AI spending spree is just beginning

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Financial Times 3 place · 08/02/2024 14:08 EDT

Technology stocks have been volatile as Microsoft, Meta, Amazon and Google report huge increases in their investments in artificial intelligence Read more ›

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US sues TikTok over ‘widespread violations’ of child privacy law

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Financial Times · 08/02/2024 13:49 EDT

Department of Justice and Federal Trade Commission bring lawsuit against popular video app and its Chinese parent Read more ›

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Revolut tells staff it is launching share sale at $45bn valuation

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Financial Times · 08/02/2024 13:26 EDT

Move would cement the fintech’s status as Europe’s most valuable start-up Read more ›

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Elliott says Nvidia is in a ‘bubble’ and AI is ‘overhyped’

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Financial Times 1 place · 08/02/2024 09:00 EDT

Hedge fund tells clients many supposed applications of the technology are ‘never going to actually work’ Read more ›

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Intel’s drastic cuts will not fix its fundamental flaws

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Financial Times · 08/02/2024 04:44 EDT

Production issues and strategic mis-steps allowed rivals to charge ahead Read more ›

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RIP semiconductor rally?

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Financial Times · 08/02/2024 01:30 EDT

A cornerstone of the bull market suddenly looks wobbly Read more ›

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US probes Nvidia’s acquisition of Israeli AI start-up

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Financial Times · 08/01/2024 20:54 EDT

Department of Justice has increased scrutiny of the chipmaker’s power in the emerging sector Read more ›

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Amazon earnings jump on cloud computing strength but margins narrow

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Financial Times · 08/01/2024 19:15 EDT

Shares slip nearly 8% after surge in crucial infrastructure investments exceed net income during the quarter Read more ›

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Apple revenues rise on strong services business and iPad sales

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Financial Times · 08/01/2024 17:48 EDT

Company bullish on iPhone upgrades from AI products even as it confronts China slowdown and fall in smartphone purchases Read more ›

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Intel plans deep cuts to jobs and spending to shore up finances

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Financial Times · 08/01/2024 17:01 EDT

Shares fall sharply as US chipmaker’s turnaround plan hits another setback Read more ›

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Apple’s revenue rises with boost from services despite China slowdown

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Financial Times · 08/01/2024 16:46 EDT

iPhone sales also decline slightly from a year ago as company looks to AI to boost sales Read more ›

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Amazon earnings jump on cloud computing strength but margins narrow

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Financial Times · 08/01/2024 16:22 EDT

Rise in capital spending crimps profits, though sales and net income show strong gains Read more ›

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Meta’s shares soar after revenue growth reassures investors on AI plan

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Financial Times · 08/01/2024 13:03 EDT

Facebook and Instagram’s parent company earnings show strength in core advertising business Read more ›

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Media groups seek a new profit model with AI

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Financial Times · 08/01/2024 12:59 EDT

Industry seeks to avoid painful experience with online gatekeepers such as Google and Facebook Read more ›

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UK’s AI bill to focus on ChatGPT-style models

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Financial Times · 08/01/2024 09:46 EDT

Minister assures tech firms that upcoming legislation will be highly targeted Read more ›

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Meta is making AI pay — in advertising

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Financial Times · 08/01/2024 05:04 EDT

Solid numbers suggest the Facebook and Instagram owner has found a use for artificial intelligence Read more ›

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China ecommerce shifts gear and TSMC heads to Europe

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Financial Times · 08/01/2024 03:15 EDT

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times Read more ›

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Southern Spain to crack down on Airbnb-style holiday rentals

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Financial Times · 08/01/2024 00:00 EDT

Valencia region plans to increase fines for unlicensed apartments as tourism backlash grows Read more ›

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Founder of SoftBank-backed app IRL accused of fraud by SEC

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Financial Times · 07/31/2024 19:07 EDT

Abraham Shafi allegedly hoodwinked backers and spent millions of dollars on personal expenses Read more ›

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Meta’s revenue growth and guidance help assuage AI spending worries

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Financial Times 3 place · 07/31/2024 16:31 EDT

Shares of Facebook and Instagram parent rise after earnings report Read more ›

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