Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed another $1.1B to expand satellite service capacity — Satellite services provider GlobalStar today disclosed an expansion of its deal with Apple. Apple will commit an additional $1.1 billion …
The capital expenditures of Amazon, Alphabet, Meta, and Microsoft are set to total over $200B in 2024 as companies accelerate spending chasing AI — - Amazon, Alphabet, Meta and Microsoft all accelerated spending — Mixed results from the big tech won't slow 2025 investment
Canalys: global smartphone shipments grew 5% YoY in Q3 to reach 309.9M units, the strongest Q3 performance since 2021; Samsung led with 57.5M units, Apple 54.5M — According to Canalys research, global smartphone shipments grew 5% year on year in Q3 2024, reaching 309.9 million units, the strongest Q3 performance since 2021.
Crypto firm Immutable says it received a Wells notice from the SEC related to the sale of its IMX tokens in 2021, accuses the SEC of “regulation by enforcement” — The firm's IMX token is down over 13% at $1.16 following the announcement. — Immutable said that it received …
Ubisoft reports Q2 net bookings down 36% YoY to €352.3M, vs. €368M est., and expects Q3 net bookings of €380M, down from €626M in Q3 2023, as its big games flop — - Expects net bookings over lucrative holiday season to be down — Success of Assassin's Creed Shadows in February is critical
PlayStation shutters Firewalk, which released shooter game Concord earlier in 2024 before taking it offline, and mobile studio Neon Koi, impacting ~210 jobs — The company will also close the mobile game studio Neon Koi, which hasn't released a game, according to a blog post from Sony on Tuesday.
Sources: SoftBank plans to put Arm's tech at the center of a new network of data centres to build and train AI, setting Arm on a collision course with Nvidia — Almost 20 years ago, Intel made a decision that changed the course of computing history. — Soon after Apple started putting Intel inside …
Sources: TSMC has suspended shipments of 7nm chips to at least two chip developers over suspicions they were trying to circumvent US export controls on Huawei — TAIPEI — Taiwan Semiconductor Manufacturing Co. has suspended shipments to at least two chip developers over suspicions …
Nigeria-based Moniepoint, which offers bank accounts, loans, and POS terminals, raised $110M led by DPI, sources say at a $1B+ valuation, after raising $55M — Company raises $110mn from investors including Google despite slowdown in fundraising for African start-ups
How Jeff Bezos, who bought The Washington Post in 2013 and a DC mansion in 2016, never made a splash in the capital, visiting only on occasion for glitzy events — The billionaire made splashy purchases of The Washington Post and a mansion in Washington. But his status as a power player in the nation's capital was never realized.
Hong Kong outlines an AI policy for finance and proposes an extension of a tax break on owning digital assets, as it seeks to become Asia's go-to financial hub — - Tax break law to be tabled by year-end: treasury secretary Hui — City was denied access by major AI tools like ChatGPT, Gemini
Online influencers are earning thousands for a single post on behalf of groups backing Harris or Trump, with scant regulatory oversight or public transparency — On TikTok, Instagram and X, freelance creators profit from the murky practice of persuading their large followings to back Trump or Harris.
FTX agrees to drop its litigation against Bybit in a deal worth about $228M that will allow FTX to withdraw assets from Bybit's cryptocurrency exchange — Search by Law Firm Search by Topic — FTX Trading Ltd. agreed to drop sprawling litigation against Bybit Fintech Ltd. and related entities …
A closer look at M4 Macs coming this week; sources: Apple's home smart display will have an iMac G3-like base and a square screen the size of about two iPhones — Also: fresh details on the company's upcoming smart home device. — Apple kicks off a Mac overhaul this week that centers on new M4 chips.
How militaries around the world are using warfare simulation video games like Slitherine Software's Command: Professional Edition to run battle scenarios — Militaries worldwide run battle scenarios using one family-run British company's software, rooted in Tom Clancy novels. Watch a video simulation to see how.
Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...
