Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
SoftBank and PayPay in Talks to Invest Billions in Seven & i, Bringing AI and Robots to 7-Eleven
SoftBank and PayPay are in talks to invest several hundred billion yen in Seven & i, according to Bloomberg. The plan would bring AI tools a
SK Hynix ADR Debuts on Nasdaq: What Investors Should Watch
SK Hynix's American depositary receipts start trading on the Nasdaq today, priced at $149 each—a 3% premium over its Korean shares. The list
Beijing Orders Meta to Unwind $2 Billion Manus AI Deal, Tencent Steps In
Beijing has ordered the reversal of Meta's $2 billion acquisition of AI startup Manus. Tencent is reportedly in talks to lead a new $2 billi
US Pressures Samsung and SK Hynix to Build AI Memory Chip Plants in America
The US is urging South Korea's Samsung and SK Hynix to manufacture AI memory chips domestically. SK Hynix is preparing a Nasdaq debut, while
ION Platform Posts Revenue Growth and Higher Debt as Leverage Eases
ION Platform grew revenue and profits in Q2, but net debt rose to $11 billion. Leverage improved slightly to 6.53 times, offering a mixed pi
TCS Shares Rise on AI Revenue Surge and Banking Demand, But Recovery Remains Gradual
Tata Consultancy Services shares rose after better-than-expected quarterly revenue, driven by strong banking demand and AI projects now runn
TCS CEO Says AI Will Reshape Roles, Not Cut Headcount After Adding 9,279 Staff
Tata Consultancy Services CEO K Krithivasan says AI won't mean layoffs at India's biggest IT services firm, even after it added 9,279 net em
Asia Chip Stocks Rally as SK Hynix’s $26.5B US Debut Overshadows Oil Price Jump
Asian chip and AI stocks climbed Friday as SK Hynix’s $26.5 billion US debut captured market focus. The rally held despite Brent crude risin
Chinese AI Startup MiniMax Raises HK$16 Billion in Hong Kong Share and Bond Deal
Chinese AI startup MiniMax is raising HK$16.04 billion through a share placement and convertible bonds in Hong Kong. The funds will fuel R&D
OpenAI Executive Fidji Simo Steps Back as Company Pushes Super-App and IPO Plans
OpenAI executive Fidji Simo is stepping back from her full-time role after a medical leave, moving to a part-time advisory position. The shi
FuboTV Taps Disney+ President Alisa Bowen as CEO, Replacing Founder David Gandler
FuboTV is replacing its founding CEO with Disney+ president Alisa Bowen, effective July 10. The move marks a full leadership reset, with co-
Chip Stocks Surge on Nvidia Supply Hopes and SK Hynix Listing, Lifting Wall Street
Wall Street climbed as chip stocks rallied on Nvidia supply speculation and SK Hynix's successful US listing. The Nasdaq rose 1.3% and the P