Qualcomm shares fall 5% after Arm reportedly threatens to scrap key license

Qualcomm shares fall 5% after Arm reportedly threatens to scrap key license

A smartphone with a Qualcomm logo is placed on a computer motherboard in this illustration taken on March 6, 2023. Dado Ruvic | Reuters Qualcomm shares fell nearly 5% in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm. Arm has given Qualcomm … Read more

Intel rebuffs Arm after SoftBank-owned firm asked to buy US chip maker’s product unit

Intel rebuffs Arm after SoftBank-owned firm asked to buy US chip maker’s product unit

Arm Holdings approached Intel Corp about potentially buying the ailing chip maker’s product division, only to be told that the business is not for sale, according to a person with direct knowledge of the matter. In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the person, who asked not to … Read more

British e-commerce firm THG plans to spin off technology services arm

British e-commerce firm THG plans to spin off technology services arm

THG, which was previously known as The Hut Group, is an e-commerce business based out of the U.K. Pavlo Gonchar | Sopa Images | Lightrocket via Getty Images British e-commerce firm THG said Tuesday that it is looking to spin off its technology platform, Ingenuity, in a blow to founder Matthew Moulding’s vision to build … Read more

Uber and Waymo partnership expanding to Austin and Atlanta

Uber and Waymo partnership expanding to Austin and Atlanta

A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Uber announced Friday it is expanding its partnership with Alphabet’s Waymo to offer robotaxi rides in Austin, Texas, and Atlanta beginning in early 2025. Shares … Read more

Britain does bad job at commercializing tech globally: Former Arm CEO

Britain does bad job at commercializing tech globally: Former Arm CEO

Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. Luke MacGregor | Bloomberg via Getty Images CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the … Read more

Uber takes stake in SoftBank-backed self-driving tech startup Wayve

Uber takes stake in SoftBank-backed self-driving tech startup Wayve

Wayve CEO and co-founder Alex Kendall. Wayve LONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology. As part of the deal, Uber is also investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. … Read more

Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts

A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California.  Justin Sullivan | Getty Images News | Getty Images Intel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the California chip designer shores up its balance sheet … Read more

SoftBank shares hit record high after 24 years on Arm and AI boost

SoftBank shares hit record high after 24 years on Arm and AI boost

Masayoshi Son, CEO of SoftBank, speaks during the company’s annual general meeting in Tokyo on June 20, 2024. Kosuke Okahara | Bloomberg | Getty Images SoftBank Group shares hit a record high on Thursday, just as the company’s massive tech investment arm shows signs of recovery and its outspoken founder Masayoshi Son emerged back into … Read more

SoftBank to raise $1.86 billion in debt as CEO talks up ‘super’ AI

SoftBank to raise .86 billion in debt as CEO talks up ‘super’ AI

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 20, 2024. Son sketched out ambitions to help create AI thousands of times smarter than any human, making his most grandiose pronouncements since the Japanese conglomerate began taking steps to shore … Read more

Britain looks to upstage France with play for world’s third major AI hub

Britain looks to upstage France with play for world’s third major AI hub

City of London skyline view looking over the River Thames and Waterloo Bridge at sunset on 10th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — Global tech entrepreneurs and investors are talking up the U.K.’s potential to become an artificial intelligence powerhouse rivaling the likes of the … Read more