Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, posted its highest-ever third-quarter revenue, largely driven by a surge in demand for artificial intelligence (AI) servers. The company, best known as the primary assembler of Apple’s iPhones, exceeded market expectations with a significant 20.2% year-on-year increase in revenue, reaching T$1.85 trillion ($57.3 billion). In a statement…
Apple has reportedly exited negotiations to participate in a significant funding round for OpenAI, expected to raise approximately $6.5 billion. The Wall Street Journal broke the news on Friday, citing sources familiar with the matter. According to these reports, the tech giant recently withdrew from the talks, just before the round is set to close…
Former U.S. President Donald Trump, now the leading Republican candidate for the 2024 presidential election, has made a new and bold accusation against Google, alleging that the tech giant manipulates search results to display predominantly negative news stories about him. In a post on his social media platform, Truth Social, Trump declared that, if elected…
Over $800 million has been pledged to support the Africa Centres for Disease Control and Prevention (Africa CDC) in its fight against a rapidly escalating mpox outbreak, exceeding initial funding goals. The announcement was made by the agency’s director general, Jean Kaseya, on Thursday, marking a significant step forward in the continent’s response to the…
The recent developments in the European banking sector, particularly the emerging takeover battle between Italy’s UniCredit and Germany’s Commerzbank, represent a significant moment for the region’s financial landscape. This confrontation, sparked by UniCredit’s bid to acquire a substantial stake in Commerzbank, underscores the ongoing tensions and challenges within the European banking system, particularly regarding the…
At its annual Connect conference on Wednesday, Meta Platforms, the owner of Facebook, highlighted its commitment to artificial intelligence (AI) with significant announcements, including new capabilities for its services and the introduction of its first working prototype of augmented-reality glasses, dubbed Orion. While the unveiling of the Orion glasses attracted considerable attention, the core narrative…
India’s investigation into the local business practices of U.S. streaming giant Netflix has drawn significant attention, focusing on allegations of visa violations, racial discrimination, and other corporate misconduct. These developments, which were revealed in a government email, signal increasing scrutiny of foreign companies operating in the country, especially as they expand their presence in one…
Despite ongoing tensions between Russia and the West, demand for the new iPhone in Russia is reportedly 15% higher than for its predecessor, according to a reseller. This surge in interest comes despite the phone being at least 50% more expensive than in Western markets. The iPhones are being sold through “parallel” imports, a practice…
Central Bank Digital Currencies (CBDCs) are becoming a focal point of monetary policy and financial innovation worldwide, with 134 countries—representing 98% of the global economy—exploring digital versions of their currencies. Recent research from the Atlantic Council highlights that nearly half of these nations are at an advanced stage of development, with early adopters like China,…
Indian education technology startup Physics Wallah recently announced a significant fundraising milestone, securing $210 million in a financing round led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge. This funding round, which elevates the company’s valuation from $1.1 billion to $2.8 billion, marks a critical juncture for Physics Wallah as it…
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