Singapore Telecommunications (Singtel) issued a positive annual earnings outlook and posted a nearly threefold increase in third-quarter earnings on Wednesday, driven by an exceptional gain, propelling its shares to near six-year highs. Shares in Singtel climbed 1.2% to S$3.4 and were on track for their strongest trading session since January 31, provided the gains hold….
Spotify is considering charging up to $5.99 a month on top of existing subscriptions for a new music streaming service that will include higher-quality audio, remixing tools and access to concert tickets, Bloomberg News reported on Friday. The company might roll out the “Music Pro” tier this year, the report said, citing sources it did…
Chinese tech giant Huawei has held a global launch for the industry’s first tri-foldable phone Huawei on Tuesday held a global launch for the industry’s first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid U.S. technology curbs. But challenges over pricing, longevity, supply and app constraints may limit…
OpenAI is seeking to stop Indian media groups, including those of Gautam Adani and Mukesh Ambani, from joining a copyright lawsuit against the U.S. company, saying it does not use their content to train ChatGPT, a legal filing seen by Reuters shows. The Microsoft-backed company said that it is not obligated to enter into partnership…
German software developer TeamViewer laid out its medium-term revenue growth targets on Wednesday after it completed its acquisition of IT firm 1E, sending its shares around 5% up. TeamViewer forecast revenue in 2028 to be between 1.03 billion and 1.06 billion euros ($1.07-$1.10 billion) with an adjusted EBITDA margin forecast of 44% to 45%. The…
China’s Baidu is set to launch the next iteration of its artificial intelligence model in the second half of 2025, a person with direct knowledge of the matter told Reuters. The new model, Ernie 5, will feature multimodal capabilities enabling it to process and convert between different formats including text, video, images and audio, CNBC…
China’s e-commerce giant JD.com is venturing into the country’s highly competitive food delivery business, announcing on Tuesday that it will register catering merchants on its courier system. The company posted on its official Weixin account, inviting merchants: “Join us now, zero commissions all year round!” Catering merchants who register with JD Takeaway before May 1…
Israeli contract chipmaker Tower Semiconductor forecast first-quarter 2025 revenue slightly above estimates on Monday, on expectations of resilient demand for its chips from the automobile sector. The U.S.-listed shares of the company were up 1% in premarket trading. Tower makes analog and mixed-signal semiconductors used mainly in automobiles for “fabless” firms, which design chips but…
Shopify posted its best quarterly revenue growth in three years on Tuesday, as healthy consumer spending and the e-commerce company’s efforts to load its platform with AI features for sellers helped drive strong holiday sales. The Canadian company’s shares, however, were down about 2% in early trading as investors fretted over its weaker-than-expected current-quarter profit…
The European Union has gone too far with artificial intelligence regulations, making it harder for global companies to deploy the technology in the region, said Aiman Ezzat, chief executive of French IT consulting group Capgemini, in an interview. Ezzat’s comments, ahead of the AI Action summit in Paris on Monday, come amid growing frustration with…
