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Nvidia to Gain due to Demand for AI Servers Despite Price Challenge from AMD

Microsoft, Google, AWS, and Meta are poised to collectively dominate over 60 percent of global demand for high-end AI servers, TrendForce said. Nvidia’s GPU-based servers are leading the charge. The report underscores Nvidia’s...

Best Buy Enhances Focus on Technology Investment to Improve Efficiency

Best Buy, the popular electronics retailer, has set its sights on achieving revenue of $41.3 billion to $42.6 billion for the fiscal year 2025 and imrove operational efficiency with technology investment. Best...

Alibaba Cloud Offers Significant Price Cut to Add More Customers

Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba Group Holding, declared its most aggressive price reduction to date on Thursday. The decision to cut the price of Alibaba Cloud...

Change Healthcare Identifies Blackcat Ransomware Group Responsible for Cyberattack

UnitedHealth Group has disclosed that the cyberattack on its technology unit, Change Healthcare, was orchestrated by hackers who identified themselves as the “Blackcat” ransomware group, Reuters news report said. Initially, UnitedHealth had...

RBI Issues Guidelines for Paytm Payments Bank Customers Amid Business Restrictions

In response to the recent business restrictions imposed on Paytm Payments Bank, the Reserve Bank of India (RBI) has released a detailed list of frequently asked questions (FAQs) to guide customers...

IGT to Merge Gaming Business with Casino Platform Everi in $6.2 bn Deal

International Game Technology (IGT) has announced a strategic move to divide its lottery unit from its gaming businesses, which will subsequently merge with casino platform provider Everi Holdings to form a...

Dell Technologies Forecasts Revenue Surge Fueled by AI Boom

Dell Technologies has projected a robust revenue range of $91 billion to $95 billion for the current fiscal year, buoyed by the flourishing AI business landscape. This compares with Dell Technologies’ revenue...

Salesforce Posts Strong Financial Results Reflecting Increased Corporate IT Spending

Salesforce, the leader in customer relationship management (CRM) software, has announced robust financial results for its fiscal fourth quarter and full fiscal year, signaling a notable uptick in corporate IT investments. In...

Robotics Startup Figure Secures $675 mn in VC Funding, Forges Collaboration with OpenAI

Robotics startup Figure has announced a VC funding round of $675 million, attracting investments from prominent entities including Nvidia, Microsoft, and Amazon.com founder Jeff Bezos. This funding places Figure at a...