Edition:
United Kingdom

Munsif Vengattil

Intel sees 2020 revenue above estimates as chip demand recovers

10:29pm GMT

Intel Corp on Thursday cemented the market view that a prolonged slowdown in the chip industry is starting to lift after forecasting full-year revenue and profit above analysts' estimates driven by cloud computing demand.

Musk defies skeptics, meets Tesla delivery goal; shares hit record

03 Jan 2020

Tesla Inc beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years. | Video

Temasek-backed fitness app ClassPass eyes $1 billion valuation in new funding round

27 Dec 2019

Fitness subscription app ClassPass is seeking to raise $285 million (£218.16 million) in a new funding round, which could push the Temasek and Alphabet Inc -backed start-up's valuation to over $1 billion.

Alphabet grants Pichai largest ever stock award, again

21 Dec 2019

Alphabet Inc's newly instated Chief Executive Officer Sundar Pichai would receive a hefty $240 million in performance-based stock awards over the next three years, the highest ever promised to any executive of the search giant.

Twitter plans to build 'decentralized standard' for social networks

12 Dec 2019

Twitter Inc plans to set up an independent research group to create an "open and decentralized" system for social networks, CEO Jack Dorsey said on Wednesday, which could relieve pressure on the company to appease critics of its content policies but also give rise to a new crop of competitors.

Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California

04 Dec 2019

Chinese startup AutoX, backed by e-commerce giant Alibaba , has applied to test self-driving vehicles without an in-car backup driver in California, the first challenger to Alphabet Inc's autonomous driving venture Waymo to say it has done so.

Nvidia follows Intel to predict strong growth in data center business

14 Nov 2019

Nvidia Corp on Thursday joined rival Intel Corp to predict strong demand for chips used in data centers after its third-quarter revenue and profit beat market expectations.

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