Billion
Nvidia chases US$30 billion custom chip market with new unit: sources
NVIDIA is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, according to nine sources familiar...
Unilever launches US$1.6 billion buyback as CEO demands improvements
UNILEVER launched a US$1.6 billion share buyback on Thursday (Feb 8) after volumes increased for the first time in 10 quarters, although its CEO said its performance needs to...
SoftBank posts US$6.6 billion profit, first in five quarters
SOFTBANK Group on Thursday (Feb 8) posted a net profit of US$6.6 billion in the October-December quarter, ending a streak of four consecutive quarters in the red, as the...
Crypto ransom attack payments hit record US$1 billion in 2023: Chainalysis
PAYMENTS from crypto-related ransom attacks nearly doubled to a record US$1 billion in 2023, blockchain analytics firm Chainalysis said on Wednesday (Feb 7). Scammers targeting institutions such as hospitals,...
Alibaba misses revenue estimates; boosts buyback by US$25 billion
CHINA’S Alibaba Group Holding on Wednesday (Feb 7) missed analysts’ estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world’s second-largest....
UBS offers US$1 billion AT1s in fast start to its funding plan
UBS Group is offering dollar-denominated Additional Tier 1 notes just a day after setting out plans to sell billions more of the risky securities in the coming years. The...
This Tech CEO Became $4.2 Billion Richer Overnight | Entrepreneur
Jensen Huang is having a really good week.On Wednesday, the CEO and co-founder of Nvidia surpassed all predictions with a Q2 revenue projection, thanks to the surge in demand...
Is The $1 Billion, One-Person Business Around The Corner? This Freelance Platform, Which Just Raised $50 Million, Is Betting On A Bold Future For Solopreneurs
In the latest sign of the explosive growth of one-person businesses, Collective, an AI-powered back-office platform for solopreneurs, just raised $50 million in funding. The San Francisco startup provides...
