Sunday, 15 June 2025
28.3 C
Singapore
27.9 C
Thailand
20.8 C
Indonesia
29 C
Philippines

Tag: Financial

OpenAI says it now earns US$10 billion a year in revenue

OpenAI says its yearly revenue is now US$10B, doubling last year’s total, and its AI tools are used by over 500 million users and 3 million businesses.

AMD strengthens its AI hardware strategy with the acquisition of Brium

AMD acquires stealth startup Brium to boost AI software flexibility and challenge Nvidia’s hardware dominance.

Grammarly gets a US$1 billion boost without giving up ownership

Grammarly raises US$1B in nondilutive funding from General Catalyst, keeping control while boosting growth and AI productivity efforts.

GameStop buys US$500 million in bitcoin as part of new financial strategy

GameStop buys over US$500 million in bitcoin, following Tesla and Coinbase in using crypto to reshape its financial future.

Nvidia braces for billions in losses over H20 chip export rules

Nvidia faces a US$8 billion loss due to the H20 chip export ban, which is affecting China sales and raising concerns about the impact of US policy.

Xiaomi sees record-breaking earnings in early 2024 as EV and chip investments pay off

Xiaomi posts record profits as smartphone sales surge and its push into electric vehicles and chips begin to pay off.

Seagate outlines growth strategy and new targets at 2025 Investor and Analyst Event

Seagate sets FY2028 targets and boosts share buyback to US$5B, spotlighting its HAMR tech and long-term growth strategy.

Lenovo reports strong full-year growth with record-breaking revenue and AI-driven strategy

Lenovo reports 21% revenue growth and strong AI momentum for FY 2024/25, with record device and infrastructure performance.

Microsoft to cut 3% of its global workforce despite substantial profits

Microsoft is cutting 3% of its workforce, impacting over 6,500 roles, despite substantial profits and recent growth across the company.

iPhone 16E helps Apple top the global smartphone market in early 2025

Apple tops the smartphone market in Q1 2025 with iPhone 16E, beating Samsung and showing growth across emerging markets.

Apple earned over US$10 billion from U.S. App Store commissions in 2024

Apple made over US$10B in 2024 from U.S. App Store commissions, as a court ruling forced rule changes and sparked further legal debate.

Financial sector outages cost US$2.2 million per hour, says New Relic report

Financial firms face US$2.2M/hour in outage costs; New Relic report shows AI-led observability as key to resilience and digital success.