Technology - CybAI news

07 Aug

Cyber Researchers Push Water, Oil Utilities to Fix Weak Spots

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Outside interference remains too easy despite frequent warnings, experts warn. Source link lol

07 Aug

WPP Sells $775 Million Stake in PR Firm FGS Global to KKR

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, business, china, deals, Debt, environment, Government, KKR & CO INC, london, Mark Read, Technology, WPP PLC

WPP Plc agreed to sell its stake in communications consultancy FGS Global to KKR & Co Inc. for $775 million as the British advertising agency streamlines its business to make room for investments in newer technologies. The sale of the approximately 50% stake gives FGS Global an enterprise value of $1.7 billion, the company said in a statement on Wednesday. KKR will increase its stake in the company to about 80% from 30%. Source link lol

07 Aug

As Airbnb Shares Plunge, CEO Says ‘It’s a Good Time to Buy’

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Airbnb Inc. Chief Executive Officer Brian Chesky’s response to his company’s disappointing outlook and an ensuing share-price plunge: “I’m confident it’s a good time to buy.” Source link lol

07 Aug

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

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Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK. The EU similarly wavedBloomberg Terminal through the deal last week, saying it did not raise competition concerns in the markets examined. Source link lol

07 Aug

Micron Resumes Buybacks That Had Been Suspended Amid Downturn

stp2y0 CommentsRAG modelsartificial intelligence, Credit Rating, Earnings, hardware, Manish Bhatia, Markets, MICRON TECHNOLOGY INC, new york, NVIDIA CORP, Technology, Utilities

Micron Technology Inc. is resuming a stock buyback program that it had suspended nearly two years ago during an industry downturn. Shares gained on the news. The largest US maker of computer memory chips sells a vital component of artificial intelligence hardware — high-bandwidth memory — that works with processors from Nvidia Corp. to crunch data. While its earnings forecast last month failed to impress investors, the company has been hailed as one of the biggest potential beneficiaries of the generative AI boom. Source link lol

07 Aug

Swiss Chipmaker U-Blox to Review Options for Connectivity Unit

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Swiss chipmaker U-Blox Holding AG will review strategic options for its connectivity business and plans to expand a cost-cutting initiative, citing “muted” market conditions. U-Blox didn’t elaborate on its plans for the connectivity unit, which sells modules that can be built into equipment used to operate cellular networks. It said Wednesday that revenue declines in the business was “more pronounced” than for overall sales. The stock dropped as much as 3.1% before rebounding. Source link lol

07 Aug

Disney Tops Views With First Streaming Profit; Parks Disappoint

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Walt Disney Co. gave a mixed picture as it reported third-quarter results on Wednesday, with weakness at its famed theme parks offsetting its first-ever profit in streaming. Disney’s US theme parks, which were buffeted by rising costs and tepid demand, missed Wall Street estimates for sales and profit. The company said its Disneyland Paris park suffered from a reduction in summer travel due to the Olympics, and noted some “cyclical softening in China.” Source link lol

07 Aug

Google’s Search Dominance Faces Limited Risks Despite Antitrust Ruling

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A federal judge ruled Monday that Google illegally monopolized the search market. Now the hard part: what to do about it. But first... Source link lol

07 Aug

Intel Has Lost Wall Street’s Patience as Headwinds Keep Mounting

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After another catastrophic earnings report, Intel Corp. bulls are increasingly few and far between on Wall Street.Intel shares have shed nearly a third of their value since the firm gave a grim growth forecast, announced plans to slash 15,000 jobs, and suspended a dividend that has been in place since 1992. The report was the latest in a series of discouraging updates, and underlined the myriad headwinds facing the chipmaker as it struggles to execute an ambitious turnaround and compete in the artificial intelligence era. Source link lol

07 Aug

Shopify’s Second-Quarter Results Exceed Estimates; Shares Rise

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Shopify Inc. reported second-quarter results that exceeded analysts’ estimates, suggesting that the Canadian e-commerce company is managing to navigate cautious consumer spending. Revenue for the period came in at $2.05 billion, up about 21% year-over-year and beating the $2 billion average estimate of analysts surveyed by Bloomberg. Profit, excluding one-time items, was 26 cents a share, above the 20 cents expectation. Source link lol