Tag:
Financial
Business
Insurance giant Globe Life targeted in cyberattack, hackers demand ransom
Globe Life faces a cyberattack, with hackers demanding ransom for stolen customer data.
Business
Intel reportedly declines ARM’s offer to purchase product division
Intel turned down ARM’s offer to buy its product division as financial struggles continue, rivals circle, and investment options remain on the table.
Business
OpenAI is set to raise the ChatGPT price to US$44 in five years
OpenAI will raise ChatGPT's monthly price to US$44 over the next five years to boost revenue and cover rising costs.
Business
TSMC dismisses Sam Altman’s US$7 trillion chip manufacturing proposal
TSMC rejects OpenAI CEO Sam Altman’s US$7 trillion plan to build chipmaking plants, raising concerns over its feasibility and financial risks.
Business
Zoom scales back on stock-based compensation amid investor concerns
Zoom reduces stock-based compensation to address growing concerns over dilution as stock prices fall and economic challenges persist post-pandemic.
Business
Intel lands major client Amazon for custom AI chips, boosting foundry business
Intel secures Amazon Web Services as a major client for custom AI chips, boosting its foundry business and marking a big step in its revival strategy.
Business
Xiaomi posts record revenue in 2024 Q2
Xiaomi reports record revenue of RMB88.9 billion for Q2 2024, driven by strong growth in smartphones, IoT products, and smart EVs.
Business
Armis surpasses US$200M ARR, doubling revenue in 18 months
Armis surpasses US$200M ARR, doubling revenue in 18 months, establishing itself as a global cybersecurity leader and preparing for an IPO.