Technology

Chipmaker Advanced Micro Devices (AMD) made another big move in its push for a bigger chunk of the artificial intelligence (AI) market. The company announced on Monday that it had acquired server maker ZT Systems in a $4.9 billion deal. ZT Systems, which is headquartered...

Microsoft is entering into the generative AI market through the release of its Copilit AI tool. Built into Microsoft's search engine Bing as well as Windows computers, Copilot is an AI assistant based on OpenAI's models. This tool can perform an array of tasks...

Goldman Sachs CEO David Solomon is of the opinion that artificial intelligence is more than just a new fad. In his eyes, investors should prepare for AI to have a long-term effect on the way in which business is conducted. "AI is not a bubble....

ECommerce giant Alibaba Group Holding Ltd. posted strong first-quarter earnings, exceeding market expectations. The company's quarterly net income came in at $3.34 billion, with earnings, adjusted for one-time gains and costs, clocking in at $2.26 per share, beating Wall Street estimates of $2.20 per...

Chinese tech conglomerate Tencent Holdings reported second-quarter revenue of 161.12 billion yuan ($22.5 billion), exceeding expectations of revenue of 160.77 billion yuan according to LSEG data. This is an 8% rise in revenue from the previous quarter. Tencent's revenue rise was largely driven by its...

Server firm Super Micro Computer announced plans for a 10-for-1 stock split after its shares more than doubled in value in 2024 on the back of an artificial intelligence frenzy. The announcement came as part of the company’s quarterly earnings report shared on Tuesday. The...