IT industry & companies
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- Artificial intelligence · IT industry & companies
Sam Altman meets Samsung executives on AI
OpenAI CEO Sam Altman met with 50 Samsung executives. They discussed AI.
Full story at SamMobile ↗ - Chips & hardware · IT industry & companies
Intel shares plunge after weak forecast
Intel shares fell 28.6% on Friday to $65.76 after a disappointing forecast, wiping out more than $140 billion in market value. Intel warned of weaker PC demand, rising memory prices and heavy chip manufacturing spending.
Full story at ProPakistani ↗ - IT industry & companies
Palo Alto Networks advises against a mini tender offer
Palo Alto Networks recommends that stockholders reject a mini tender offer by Tutanota Llc. No further details are given.
Full story at CyberArk ↗ - IT industry & companies · Artificial intelligence
Microsoft offers buyouts to a quarter of staff
Microsoft is offering voluntary severance to about 60,000 employees, roughly a quarter of its workforce, in its second such program this year. The move comes as the company plans to spend about $170 billion on AI infrastructure in 2026.
Full story at The Decoder ↗ - Smartphones & apps · IT industry & companies
Apple fans weigh canceling iPhone Duo pre-orders
Disappointed Apple fans are considering canceling pre-orders for the iPhone Duo after another issue emerged with the device. The roughly $2,000 price tag is adding to the frustration.
Full story at PhoneArena ↗ - Chips & hardware · IT industry & companies
Intel stock suffers historic crash
Intel shares plunged 28.6% after a disappointing financial forecast, closing at $65.76 and wiping out more than $140 billion in market value. The US government's stake in Intel also lost about $11 to $12 billion in value as a result.
Full story at ProPakistani ↗ - IT industry & companies
Microsoft prices $25 billion in new notes
Microsoft announced pricing for $25 billion in senior unsecured notes across several tranches. The offering includes floating and fixed rate notes with different maturities.
Full story at news.microsoft.com ↗ - Artificial intelligence · IT industry & companies
Sam Altman meets Samsung executives on AI
OpenAI CEO Sam Altman met with around 50 Samsung executives to discuss artificial intelligence. No further details about the meeting were disclosed.
Full story at SamMobile ↗ - Networking · IT industry & companies
Tower firms acquire EchoStar's 5G gear
5G radios and antennas once owned by EchoStar now belong to tower companies. This shift could help SpaceX compete more aggressively with T-Mobile, Verizon and AT&T.
Full story at PhoneArena ↗
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