Tech News

A surge in trading activity involving near-term GameStop options contracts on Wednesday hinted to some market participants that Keith Gill, also known as Roaring Kitty, may have trimmed his recently-revealed options position in the company. Gill, a prominent figure in the 2021 meme-stock craze, disclosed a substantial holding of GameStop stock and options via a …

Strategists suggest Roaring Kitty may have reduced GameStop options position Read More »

Samsung Electronics (005930.KS) announced that its contract manufacturing division plans to provide a comprehensive solution for clients to expedite the production of AI chips. By integrating its world-leading memory chip, foundry, and chip packaging services, Samsung aims to capitalize on the AI boom. With clients benefiting from a single point of contact that coordinates Samsung’s …

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Norway’s $1.7 trillion sovereign wealth fund announced on Saturday its decision to vote against ratifying Tesla (TSLA.O) CEO Elon Musk’s $56 billion compensation package, which is up for a shareholder vote next week. This follows a Delaware judge’s decision earlier this year to invalidate the package. According to LSEG data, the fund is Tesla’s eighth-largest …

Norway’s wealth fund to oppose Musk’s $56 billion Tesla compensation package Read More »

Bitcoin mining company Bitfarms (BITF.TO) announced on Monday its decision to implement a “poison pill” strategy to safeguard against a potential hostile takeover by competitor Riot Blockchain (RIOT.O). This action follows Riot Blockchain’s recent disclosure of acquiring a 12% stake in Bitfarms as part of its takeover efforts. Despite Riot’s initial private proposal in April, …

Bitfarms Implements ‘Poison Pill’ Strategy Amidst Riot’s Takeover Bid Read More »

U.S. antitrust authorities are delving into the involvement of major tech companies in the rapid expansion of artificial intelligence (AI), examining whether the business practices of established players hinder competition in this burgeoning sector. The U.S. Department of Justice and the Federal Trade Commission (FTC) are taking steps to allocate responsibilities among the largest industry …

Insight: Concerns of US Antitrust Regulators Surrounding Dominant AI Companies Read More »

Initial public offerings for Walmart’s (WMT.N) Flipkart marketplace and PhonePe digital payments platform could take a couple of years, according to a Walmart executive. “This is something we’re considering over the next couple of years,” said Dan Bartlett, Walmart’s executive vice president for corporate affairs, at the company’s shareholder meeting near its Bentonville, Arkansas, headquarters …

Exclusive: Walmart Executive Says IPOs for Flipkart and PhonePe May Take a Few Years Read More »

The new Xbox consoles are entirely digital, eliminating the need for physical discs and embracing the growing trend towards digital media consumption. These consoles promise faster load times, improved performance, and a sleeker design, catering to the modern gamer’s demand for convenience and efficiency. Adding to the excitement, Microsoft introduced a brand-new title in the …

Microsoft reveals all-digital Xbox consoles and new ‘Doom’ game at Games Showcase Read More »