Last week, the space company Rocket Lab USA, Inc. announced it had received 50 million USD in funding from the US government. The company plans to use this money to expand the spacecraft's solar panel production capacity.
Rocket Lab has signed a non-binding memorandum under which the company will receive government funding as part of the so-called Chip Act,...
Michael Dell, CEO of Dell Technologies Inc., intends to sell 10 million of the company's shares worth 1.3 billion USD, according to a regulatory filing from 6 June 2024. Combined with the 1.6 billion USD in shares he and the Michael & Susan Dell Foundation sold earlier this year, 2024 marks a record year for such sales.
Previously, the company entered the...
Medtronic Plc, a leading global medical device manufacturer, increasingly integrates artificial intelligence (AI) into its operations to enhance business efficiency and spearhead new developments. The company has positioned AI as a central element of its research and development strategy, employing machine learning algorithms to expedite the design and testing...
Wipro Ltd. ADR has announced a strategic partnership with the IT giant Zscaler, enhancing the reach of its newly launched Wipro Cyber X-Ray platform. This collaboration is expected to bolster Wipro's position in the cybersecurity market, targeting a broader customer base with advanced AI-powered solutions.
The Wipro Cyber X-Ray platform employs artificial...
Fidelity National Information Services Inc., a renowned financial services and outsourcing solutions provider, recently unveiled a new product to address climate risk assessment. As businesses grapple with the increasing uncertainty brought about by global climate change, Fidelity is positioning itself as a key player in the market for analytical...
Starbucks Corp., a global coffee shop giant, has embarked on a new delivery service through a partnership with Grubhub. This strategic move aims to broaden Starbucks' customer base, potentially boosting sales despite the high delivery costs.
The timing of this collaboration is strategic, as Starbucks faces challenges in increasing store traffic and sales,...
Dutch company ASML Holding N.V. (NASDAQ: ASML), which manufactures equipment for the serial production of semiconductors, recently announced that it expects new orders from its major customer, Taiwan Semiconductor Manufacturing Company Limited (TSMC).
A report from Jefferies Investment Bank cites comments from ASML CFO Roger Dassen. During a call with...
Apple Inc. has reportedly reached an agreement with OpenAI’s Sam Altman, marking a significant step for Apple in the artificial intelligence domain. This partnership will be officially announced at Apple’s upcoming developer conference next week. The collaboration involves integrating ChatGPT into the iPhone operating system, aiming to enhance the functionality...
RTX Corp. is approaching the conclusion of a long-standing criminal investigation by the US Justice Department regarding its pricing practices for missile and defense services. Bloomberg sources indicate that the aerospace and defense giant received 32 billion USD from the federal government last year, representing 46% of its total net sales across three...
Microsoft Corp. is embarking on an innovative project to test a miniaturised data centre aboard the International Space Station (ISS). This initiative is part of a collaboration with startup LEOcloud, Sierra Space, Microsoft IT, and Red Hat. The objective is to establish a functioning cloud service infrastructure in space, a goal that Microsoft is already...
Advanced Micro Devices Inc. (AMD) has announced significant advancements in its processor architectures, including unveiling the new CPU, NPU, and GPU processors designed to power AI infrastructure from data centres to PCs. The highlight of the announcement was the introduction of the AMD Instinct MI325X accelerator, which boasts advanced memory capacity and is...
Delta Air Lines Inc. is experiencing a positive shift in its business dynamics, driven by an uptick in premium passenger air travel. As reported by the International Air Transport Association (IATA), this trend is returning premium travel segments to normal levels. This is particularly significant for airlines like Delta, known for its robust business-class...
On Friday, 24 May 2024, Mitek Systems, Inc., a solutions provider for digital user identification, announced the receipt of a patent to protect its voice authentication service. Although generative artificial intelligence (AI) has posed a serious threat to this sector, Mitek Systems intends to capitalise on the widespread business interest in biometrics...
Northrop Grumman Corp. has reported successful flight tests of its new B-21 Raider bomber, marking a significant milestone as the aircraft edges closer to entering service by the end of this decade. The success of these initial flights suggests that Northrop Grumman is on track to begin receiving substantial orders for the serial production of the B-21 as the US...
Pfizer Inc. (PFE) has announced a new multi-year plan to reduce operational costs by approximately 1.5 billion USD by the end of 2027. This initiative is in addition to a previously announced 4 billion USD cost reduction strategy in response to decreased investments and a sharp decline in sales from its COVID-19 vaccine. Amid these challenges, Pfizer has...
Dell Technologies Inc. has seen a significant uptick in its market valuation following an upgrade by Evercore ISI, which raised its target price for Dell shares from 140 USD to 165 USD. This positive re-evaluation stems from Tesla’s decision to source most of its artificial intelligence server capacity from Dell Technologies. This partnership positions Dell...
OSI Systems, Inc., a specialised electronics manufacturer, has secured a new contract to supply medical scanners, boosting its stock prices as the company highlights increasing demand in this market segment. This latest order, valued at USD 7 million, is from a long-standing customer for portable patient health monitoring devices. These devices have sensors and...
On 20 May, Microsoft Corp. (MSFT) hosted a private product presentation , a precursor to the official Microsoft Build 2024 developer conference. The highlight of this event was the unveiling of the Copilot+ PCs, a new category of personal computers. These PCs are distinguished by their embedded neural processing units (NPUs), designed to enable artificial...
