Apple beats estimates but slides on thin holiday margins; iPhone revenue sets record $57.58B
Apple's first earnings report under new CEO John Ternus topped revenue estimates with a record iPhone quarter, but narrower gross margin guidance disappointed i
The Verge · +6 outlets
Marvell to buy Lumentum for roughly $103 billion in all-stock AI connectivity deal
The megadeal, blessed by Nvidia's Jensen Huang, is one of the largest ever semiconductor tie-ups and centers on AI data center optical connectivity.
Bloomberg · +12 outlets
Wall Street leaders see up to $15 trillion AI investment wave, split on bubble risk
At the HKMA Global Financial Leaders' Investment Summit, Morgan Stanley projected $10T to $15T in cumulative AI spending over the next decade while some asset m
Bloomberg · +5 outlets
Oracle raises $9.9 billion in share sale priced at 11% discount
The discounted equity raise comes amid choppier trading and heavy spending on AI data center infrastructure.
Bloomberg · +9 outlets
Nvidia tells data center clients to scale back exposure to Chinese companies, FT reports
The directive reflects widening US-China tech restrictions touching cloud and AI computing supply chains.
Bloomberg · +7 outlets
Binance resumes withdrawals after biggest-ever crypto hack
The exchange's recovery follows an incident that has renewed scrutiny of crypto exchange security and cyber hygiene.
WSJ · +13 outlets
China plans broad AI safety standards covering development through deployment
The proposed guardrails would be among the world's most comprehensive, responding to global concern about loss of control over advanced AI systems.
Bloomberg · +14 outlets
Middle East diplomatic progress sends oil futures lower; OPEC+ holds output steady
Diplomatic movement eased supply fears even as Gulf shipping remained under threat and OPEC and allies kept production targets unchanged.
WSJ · +12 outlets
IEA warns Iran war threatens record annual drop in global LNG supply
The agency flagged a potential supply shock to global gas markets tied to conflict in the Middle East.
WSJ · +8 outlets
Anthropic releases amended IPO prospectus with third-quarter financials
The filing moves the AI developer closer to a public listing and discloses its latest revenue and loss figures.
CNBC · +13 outlets
OpenAI's Altman signs energy and investment deals in the UAE
Altman said AI will transform the economics of energy as OpenAI locks in overseas power and capital partnerships.
Bloomberg.com · +14 outlets
China's revival of 2024 stock rescue tools draws skepticism
Investors question whether renewed market support measures can durably lift Chinese equities.
Bloomberg.com
Philips Q3 profitability beats expectations on higher sales and cost cutting
The Dutch medical device maker's results landed alongside a product recall agreement that had weighed on the company's outlook.
Bloomberg · +14 outlets
UBS CEO says cyber risk now rivals traditional credit and market threats
Sergio Ermotti called for greater bank resilience as attack frequency and sophistication grow across the sector.
Bloomberg · +4 outlets
OpenAI pilots data center 'Grid Protectors' program to free up power in emergencies
The Effingham County, Georgia pilot promises up to 1,000 megawatts of relief during extreme weather, addressing local grid strain from AI buildouts.
The Verge · +10 outlets
Grab raises full-year revenue and profit forecasts on rising ride and delivery demand
The Southeast Asian superapp signaled confidence that demand growth will offset regulatory hurdles.
Bloomberg · +14 outlets
Google dismantles botnet built from 1.3 million Android set-top boxes, cuts ties with partner
Google said a Shenzhen manufacturing partner secretly installed a backdoor, spotlighting supply-chain security risks.
The Verge · +1 outlets
Meta to end OS updates for Quest 2 and Quest Pro by March 2027
Meta will ship security patches after the final v213 update but no new features, marking the wind-down of its older VR hardware.
The Verge