Key Business News

Feb 18 (Reuters) – Indian data centre company Yotta Data Services said on Wednesday it will build one of Asia’s largest AI computing hubs using Nvidia’s (NVDA.O), opens new tab latest Blackwell Ultra chips, in a project costing more than $2 billion. The project includes a four-year engagement worth over $1 billion under which Nvidia will establish one […]

Feb 18 (Reuters) – Microsoft (MSFT.O), opens new tab on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the ‘Global South’. The announcement was made at the AI summit in New Delhi, where top executives from global AI giants meet several world leaders this

SINGAPORE/HONG KONG, Feb 13 (Reuters) – ByteDance is in advanced talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to Saudi Arabia’s Savvy Games Group in a deal valued at between $6 billion and $7 billion, sources said. A deal could be sealed as soon as this quarter,

WASHINGTON, Feb 13 (Reuters) – The U.S. withdrew an updated list of Chinese firms allegedly aiding Beijing’s military shortly after it was posted earlier on Friday with the addition of some of China’s biggest companies, including Alibaba (9988.HK), opens new tab and Baidu (9888.HK), opens new tab. The link to the U.S. government’s Federal Register where the Pentagon’s 1260H

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.