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Microsoft and EY launch $1 billion AI partnership to accelerate enterprise adoption (MSFT)
Microsoft (NASDAQ:MSFT) and EY announced on Thursday a strategic partnership valued at more than US$1 billion aimed at helping corporate clients move artificial intelligence initiatives from experimental pilot programmes into large-scale deployment. According to a statement released by the companies, the collaboration will initially focus on AI implementation across finance, tax, human resources and supply…
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Quantum Computing Gets Washington’s Backing, and the Sector’s Next Wave May Extend Beyond Hardware
The Trump administration’s reported decision to award $2 billion in grants to leading quantum-computing companies marks one of the strongest signals yet that quantum technology has moved from experimental science into the realm of national strategic infrastructure. According to a Reuters report citing the Wall Street Journal, the U.S. Department of Commerce is expected to…
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AMD begins ramp-up of next-generation EPYC chips using TSMC’s 2nm technology (AMD)
Advanced Micro Devices (NASDAQ:AMD) announced that it has started ramping production of its sixth-generation AMD EPYC processors, known by the codename “Venice,” using Taiwan Semiconductor Manufacturing Company’s 2-nanometer manufacturing process. AMD said the launch makes Venice the first high-performance computing processor in the industry to enter production using TSMC’s advanced 2nm process technology. Initial production…
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NIO shares rally after first-quarter earnings beat and stronger revenue outlook (NIO)
NIO (NYSE:NIO) shares gained more than 5% in U.S. premarket trading on Thursday after the electric vehicle maker reported first-quarter results ahead of expectations and issued second-quarter guidance that also exceeded analyst forecasts. Revenue for the three months ended March reached RMB25.53 billion, representing year-on-year growth of 112.2% and broadly matching the consensus estimate of…
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IBM shares surge after securing $1 billion U.S. quantum computing award (IBM)
IBM (NYSE:IBM) shares climbed 6.6% on Thursday after the U.S. Commerce Department announced that the company would receive US$1 billion in government funding to accelerate the development of quantum computing technology. The grant forms part of a broader US$2 billion funding package allocated to nine quantum computing companies, according to a report by The Wall…
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Deere tops forecasts as construction and small agriculture divisions drive growth (DE)
Deere & Company (NYSE:DE) reported second-quarter earnings ahead of analyst expectations, supported by strong momentum in its construction and small agriculture businesses, sending shares up 2.2% in premarket trading on Thursday. The machinery manufacturer posted adjusted earnings per share of US$6.55 for the quarter ended May 3, exceeding analyst forecasts of US$5.70 by US$0.85. Quarterly…
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Nvidia targets next wave of AI growth with new data centre chips and expanding customer base (NVDA)
NVIDIA (NASDAQ:NVDA) chief executive Jensen Huang sought to reassure investors on Wednesday that the company can maintain its rapid growth trajectory through a broader customer base and the launch of new data centre products, while projecting that sales of its flagship AI chips could exceed US$1 trillion. Despite forecasting second-quarter revenue above Wall Street expectations…
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Google commits $15 billion to Missouri expansion with new data center project (GOOG)
Google (NASDAQ:GOOG) announced plans on Wednesday to invest US$15 billion into infrastructure projects across Missouri, including the construction of a new data centre in New Florence, located in Montgomery County. Missouri Governor Mike Kehoe said the investment highlights the state’s increasing importance as a hub for technology and innovation. He added that the project is…
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Full Truck Alliance tops forecasts as freight orders jump double digits (YMM)
Full Truck Alliance (NYSE:YMM) reported first-quarter results ahead of analyst expectations after strong growth in freight orders and user activity helped drive revenue higher. The company posted adjusted earnings per share of US$1.15, beating the analyst consensus estimate of US$0.96 by US$0.19. Revenue for the quarter reached RMB2.85 billion (US$412.9 million), exceeding analyst forecasts of…
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NetEase shares slip despite first-quarter earnings and revenue beat (NTES)
NetEase (NASDAQ:NTES) reported first-quarter results ahead of analyst expectations, although the company’s shares fell around 2% following the release as investors focused on broader earnings trends and future growth prospects. The Chinese gaming and internet group posted adjusted earnings per share of RMB17.46, comfortably above analyst forecasts of RMB15.39. Quarterly revenue reached RMB30.6 billion (US$4.4…