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News
India gets one of world’s steepest iPhone price hikes
4+ day, 6+ hour ago (318+ words) BENGALURU, Sept 10 (Reuters) – Apple raised prices on its existing iPhone lineup in India by as much as 41% within hours of unveiling newer models, bucking its usual practice of discounting older variants and marking one of the steepest hikes in any…...
Exclusive-India’s Serious Fraud Office recommends ‘detailed’ probe into Xiaomi’s business in country
5+ day, 6+ hour ago (801+ words) NEW DELHI, Sept 9 (Reuters) – India’s Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows. China’s Xiaomi was…...
Australian data centre operator NEXTDC to raise $795 million for AI infrastructure
5+ day, 5+ hour ago (323+ words) Sept 9 (Reuters) – Australia’s NEXTDC said on Wednesday it seeks to raise A$1.1 billion ($795.63 million) through convertible notes, its third fundraising in just over four months, as the data centre operator ramps up investment in AI infrastructure. Here are some details:…...
Amazon will raise $5.8 billion in first sterling bond sale, lead managers say
5+ day, 3+ hour ago (331+ words) LONDON, Sept 9 (Reuters) – Amazon will raise £4.25 billion ($5.76 billion) in its first-ever sterling bond sale, more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal,…...
Educational Speaker Series on Data Centers Premieres Tonight at Uptown Social
5+ day, 6+ hour ago (497+ words) whbl.com Educational Speaker Series on Data Centers Premieres Tonight at Uptown Social Tonight the City of Sheboygan is hosting the first in its series of speakers addressing the issue of Data Centers. Sheboygan’s Common Council recently approved a 12-month…...
Apple’s Ternus faces AI test as foldable iPhone takes center stage
6+ day, 6+ hour ago (550+ words) SAN FRANCISCO, Sept 8 (Reuters) – When new CEO John Ternus unveils Apple’s latest products on Wednesday, Wall Street expects him to show that the company can still deliver breakthrough hardware and a Siri virtual assistant capable of competing in the AI…...
Huawei launches new foldable smartphone; Xiaomi and Apple set to follow
1+ week, 5+ hour ago (407+ words) By David Kirton and Eduardo Baptista GUANGZHOU/BEIJING, Sept 7 (Reuters) – Huawei launched its new flagship foldable smartphone series on Monday as it seeks to defend its lead in the Chinese market for premium handsets against Apple and Xiaomi, both of…...
Tesla’s Cybercab event set for Thursday, with few details
1+ week, 4+ day ago (593+ words) By Chris Kirkham and Akash Sriram Sept 3 (Reuters) – Tesla will unveil its two-seater Cybercab at an event in Texas on Thursday, offering a closer look at the autonomous vehicle that CEO Elon Musk has said is key to transforming the…...
Snowflake shares surge as AI demand powers growth, lifts outlook
1+ week, 4+ day ago (342+ words) Sept 3 (Reuters) – Snowflake’s shares surged more than 24% before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company’s AI products are gaining traction. The cloud data platform provider lifted its fiscal 2027 product revenue…...
Google escapes ad tech breakup in third Big Tech antitrust loss for US | 1330 & 101.5 WHBL
1+ week, 5+ day ago (606+ words) Sept 2 (Reuters) – Alphabet’s Google escaped a breakup of its advertising technology business on Wednesday, marking the third time in recent years that U.S. antitrust enforcers have tried to force a Big Tech breakup and lost. U.S. Judge Leonie…...