Key Business News

Feb 2 (Reuters) – Oracle (ORCL.N), opens new tab shares gained 2% on Monday after Wall Street analysts said the software company’s $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI. Long a smaller player in the cloud market, Oracle has emerged as a major player in the business of […]

STOCKHOLM, Feb 2 (Reuters) – Swedish telecoms group Telia (TELIA.ST), opens new tab and Norway’s Lyse [RIC:RIC:LYSEK.UL], owner of mobile operator Ice, have agreed to combine their Norwegian mobile radio access networks into a jointly held firm, the companies said on Monday. Telenor (TEL.OL), opens new tab dominates the Norwegian telecom market, followed by Telia Norway and Ice. Telia

SEOUL, Feb 2 (Reuters) – Market researcher TrendForce said on Monday that it has raised its chip price forecasts and expects conventional DRAM contract prices to jump by 90% to 95% in the January to March period of this year, from the final three months of 2025, citing the artificial intelligence boom. It previously estimated

Jan 30 (Reuters) – Apple (AAPL.O), opens new tab is prioritizing production and shipment of its three highest-end iPhone models ​for 2026 while delaying the rollout of its standard ‌model due to a marketing strategy shift and supply-chain constraints, Nikkei Asia reported on Friday, citing four people with knowledge of the matter.   Reuters could not immediately

Jan 30 (Reuters) – Sandisk (SNDK.O), opens new tab shares rallied on Friday, after the data storage firm projected third-quarter profit and revenue well above analysts’ estimates and extended a major supply ​deal, powered by a surge in AI-driven demand for data storage.   Its ‌shares were last up 14.7% at $616.5, building on their roughly 160%

BEIJING, Jan 24 (Reuters) – Nvidia (NVDA.O), opens new tab CEO Jensen Huang is in Shanghai, a person briefed on the matter said on Saturday, as the U.S. chip giant faces fierce competition from local rivals and scrutiny from Chinese authorities. The timing of Huang’s trip, to kick off annual celebrations with Nvidia’s China employees, is routine.

Jan 23 (Reuters) – Meta Platforms (META.O), opens new tab said on Friday it will suspend teenagers’ access to its existing AI characters across all of its apps worldwide, as it builds an updated iteration of those for teen users. “Starting in the coming weeks, teens will no longer be able to access AI characters across our apps

WASHINGTON, Jan 14 (Reuters) – U.S. lawmakers and former officials on Wednesday questioned President Donald Trump’s decision to allow Nvidia to sell its second most powerful AI chips in China, arguing the move erodes America’s AI edge and threatens to electrify Beijing’s military. The Trump administration on Tuesday gave a formal green light to China-bound sales of Nvidia’s NVDA.OH200

Jan 15 (Reuters) – Publishers Hachette Book Group and Cengage Group (CNGO.PK), opens new tab asked a California federal court on Thursday for permission to intervene in a proposed class action lawsuit against Google (GOOGL.O), opens new tab over the alleged misuse of copyrighted material used to train its artificial intelligence systems.   The publishers said in their proposed complaint,

NEW DELHI, Oct 24 (Reuters) – An Apple (AAPL.O), opens new tab fee of up to 30% in India will over time stifle revenues for Match, the owner of dating app Tinder, it said in its submission to the Indian antitrust body, adding that hefty fines were needed to protect its business.   Tinder is one of