Bumble to Go Private in $1.3 Billion Deal with Ithaca Holdings
Bumble said on Tuesday it had agreed to be taken private by Ithaca Holdings in a deal valued at $1.3 billion, as the dating app seeks to revive growth amid declining paying users and...
Qualcomm and Arm Face Jury Verdict in Licensing Dispute
Qualcomm’s lawsuit against chip technology supplier Arm Holdings is heading to a jury in a five-day trial to determine whether Arm breached licensing agreements and deliberately undermined Qualcomm’s business dealings with Meta Platforms. The...
Netflix Reportedly Plans to Cut 5% of Its Workforce
Netflix is planning to cut approximately 5% of its workforce, with an announcement expected as early as next week, according to a report by Puck News on Friday, citing people familiar with the matter....
GlobalFoundries Signs $2 Billion TSMC AI Chip Deal
GlobalFoundries said on Thursday it has reached a $2 billion, five-year agreement to manufacture silicon interposers for TSMC at its facility in Malta, New York. Silicon interposers are critical components used in advanced AI...
Amazon Unveils Premium Android Tablets With Alexa+ AI
Amazon has unveiled a new range of higher-end tablets that run on Google’s Android operating system and feature its AI-powered Alexa+ voice assistant. The new Alexa Tablets start at $230 and go up to...
Meta Expands Muse AI Agent to Small Businesses
Meta Platforms is expanding its Muse artificial intelligence agent to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and Canva. The move is part of the Facebook parent’s broader effort to...
UK Tribunal Revives Part of Consumer Lawsuit Against Apple and Amazon
Britain’s Competition Appeal Tribunal has allowed part of a revived consumer lawsuit against Apple and Amazon to proceed over allegations that the companies restricted competition in the sale of Apple and Beats products on...
Microsoft Expands Copilot With Coding and AI Agent Tools
Microsoft on Friday unveiled new capabilities for its Copilot app, including a coding tool and an always-on artificial intelligence agent, as the software giant seeks to turn its AI assistant into a one-stop workplace...
Oracle Cites Force Majeure to Shield Against Data Centre Cost Risks
Oracle is seeking to protect itself from potential cost increases linked to a major data centre project in New Mexico by issuing a “force majeure” notice to developer Blue Owl, Bloomberg News reported on...
Apple Extends Patent Licensing Agreement with Qualcomm
Qualcomm announced on Thursday that Apple has extended its patent-licensing agreement with the chip designer, even as the iPhone maker continues efforts to reduce its reliance on Qualcomm’s modem chips. The company did not...