Posts by Yurie Miyazawa
Dell nears US$5 billion AI server deal for Elon Musk’s xAI
DELL Technologies is in advanced stages of securing a deal worth more than US$5 billion to provide Elon Musk’s xAI with servers optimised for artificial intelligence (AI) work. The company will sell servers containing Nvidia GB200 semiconductors to Musk’s AI startup for delivery this year, according to sources familiar with the matter, who asked to…
Read MoreTrump’s Washington is opening its doors to eager fintechs
AFTER struggling to win much sway in a Biden-era Washington, some of the biggest fintech firms are now getting a lot more facetime on Capitol Hill. Groups that lobby for fintech companies have significantly ramped up their meetings with lawmakers, White House officials and financial regulators since Donald Trump won the election, according to sources…
Read MoreJPMorgan expects criticism over its DEI policy
The bank’s latest annual filing has only one mention of DEI, in contrast with six mentions in the previous year JPMORGAN Chase expects to face criticism on some of its business practices, including diversity, equity and inclusion (DEI), according to its regulatory filing on Friday (Feb 14). The largest US bank “has been and expects…
Read MoreThe Perfect Boss: Does Yours Make the Cut?
Ever wondered if your boss ticks all the right boxes? You know, the kind of leader who really gets it. Being a good manager isn’t just about barking orders or hitting targets. It’s about having those special qualities that make people want to work with you and not just for you. So, let’s break down…
Read MoreGM closing plant in China as part of restructuring
GM is restructuring its business in China, where domestic manufacturers backed by government subsidies have taken over the market GENERAL Motors (GM) is closing a plant this month in the northeastern Chinese city of Shenyang as part of the US automaker’s restructuring in China, according to a company source. The plant makes Buick GL8 minivans…
Read MoreBlackstone weighs US$2 billion sale of gas explorer Olympus
BLACKSTONE is exploring a sale of Olympus Energy, a natural gas explorer in the Appalachian region that could be valued at up to US$2 billion, according to sources familiar with the matter. The alternative asset manager is working with financial advisers to seek a buyer for the Canonsburg, Pennsylvania-based business, said the sources, who asked…
Read MoreNokia to gain unconditional EU nod for US$2.3 billion Infinera deal: sources
The European Commission is scheduled to finish its preliminary review of the deal by Feb 26 NOKIA is set to secure unconditional EU antitrust clearance for its US$2.3 billion acquisition of US optical semiconductors and networking equipment maker Infinera, sources with direct knowledge of the matter said on Friday (Feb 14). Nokia announced the deal…
Read MoreOil settles lower, supply worries ease on hopes for Ukraine peace deal
OIL prices settled down on Friday (Feb 14) on prospects for a peace deal between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow, but losses were limited by a delay in US immediate reciprocal tariffs. Brent futures settled down 28 US cents, or 0.37 per cent, at US$74.74 a…
Read MoreNvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing showed on Friday (Feb 14). The artificial intelligence chip giant also reported a position of 1.7 million shares in China’s self-driving startup WeRide,…
Read MoreSingapore video game company’s Nasdaq listing values it at US$1.2 billion
Grand Centrex Limited (GCL) aims to eventually build a sizeable game studio in Singapore, capable of producing blockbusters VIDEO game distributor and publisher Grand Centrex Limited (GCL) has come a long way. The company got its break in 2008, distributing physical copies of the popular video game Grand Theft Auto IV. More recently, it was…
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