Technology
Musk’s Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake
French satellite group Eutelsat, often seen as Europe’s answer to Elon Musk’s Starlink, saw its share price plummet Wednesday following a report that Japanse investor SoftBank cut its stake in the company. Shares in Eutelsat were last trading 7.2% lower as of 4.41 a.m. ET. The moves come following a Reuters report that SoftBank has […]
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iPhone 17 will drive record Apple shipments in 2025, IDC says
Apple’s latest iPhone models are shown on display at its Regent Street, London store on the launch day of the iPhone 17. Arjun Kharpal | CNBC Apple will hit a record level of iPhone shipments this year driven by its latest models and a resurgence in its key market of China, research firm IDC has […]
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Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT
Anthropic, the AI startup behind the popular Claude chatbot, is in early talks to launch one of the largest initial public offerings as early as next year, the Financial Times reported Wednesday. For the potential IPO, Anthropic has engaged law firm Wilson Sonsini Goodrich & Rosati, which has previously worked on high-profile tech IPOs such […]
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We’re raising our CrowdStrike price target following a beat and raise quarter
CrowdStrike on Tuesday evening reported better-than-expected fiscal 2026 third-quarter results and forward guidance. The numbers, however, were not enough to power shares higher, given their roughly 24% advance since the cybersecurity company’s fiscal second-quarter print back in late August. That said, the latest beat and raise should help solidify recent stock gains and set the […]
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Marvell to acquire Celestial AI for as much as $5.5 billion
Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Semiconductor company Marvell on Tuesday announced that it will acquire Celestial AI for at least $3.25 billion in cash and stock. The purchase price could increase to $5.5 billion if Celestial hits revenue milestones, […]
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The stock market believes Google is now winning the AI race over OpenAI, Nvidia
Alphabet-owned Google just gained a leg up over OpenAI’s ChatGPT, according to recent stock market performance. Shares of Alphabet and its chip partner Broadcom are surging this quarter as its new version of Gemini AI was released, while proxies for the private OpenAI — Nvidia and Microsoft — underperform. Google, once considered an AI laggard, […]
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Okta beats third-quarter earnings expectations
Okta on Tuesday topped Wall Street’s third-quarter estimates, but CEO Todd McKinnon said upside from its AI agents aren’t “fully baked” into results. Shares of the identity management provider fell as much as 3% in after-hours trading on Tuesday. Here’s how the company did versus LSEG estimates: Earnings per share: 82 cents adjusted vs. 76 […]
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ChatGPT outage: OpenAI’s chatbot is down for some users
OpenAI’s EMEA startups head Laura Modiano spoke at the Sifted Summit on Wednesday, 8 October. Nurphoto | Nurphoto | Getty Images OpenAI’s artificial intelligence chatbot ChatGPT is down for some users. The company said it is “currently experiencing issues,” including “increased ChatGPT error rates,” according to an update on OpenAI’s status page. “We have applied […]
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Broadcast station owners want to consolidate. They’re struggling to get deals to the finish line
The Sinclair Broadcast Group, Inc. headquarters are seen July 17, 2024 in Cockeysville, Maryland. Kevin Dietsch | Getty Images The broadcast television industry knows it needs to consolidate. It’s just struggling with how to do it. In August, Nexstar Media Group, the largest owner of broadcast stations in the U.S., announced a proposed $6.2 billion […]
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Beta stock jumps 9% on $1 billion motor deal with air taxi maker Eve Air Mobility
Beta Technologies shares surged more than 9% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company. Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over […]
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