Results for “Billion Loss After Torching”

SoftBank books $7 billion quarterly loss on US data centre hit Reuters

A data centre under construction in Abilene, Texas, on Sept. 23, 2025. (Shelby Tauber/Reuters)

In Tuesday’s US midterm elections, voters weighed in on more than 40 local measures on data centres, and sided against them in all but one. With Democrats taking control of Congress in January and new governors in...

Nvidia's espionage scandal continues to unravel.

Microsoft briefly surpassed Nvidia in market value after Nvidia shares fell sharply amid reports concerning CEO Jensen Huang, chip shipments to China and an independent board investigation.

Microsoft overtakes Nvidia as ndmost valuable firm amid Jensen Huang probe

Microsoft overtook Nvidia as the world's most valuable company on Tuesday, as the chip giant's shares fell on uncertainty over the outlook for AI and an investigation into whether

Wall Street suffered a sharp selloff as investors grew increasingly nervous about the staggering costs of the global AI race. The Nasdaq plunged nearly 1.4%, while the S&P 500 and Dow Jones also ended lower as...

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

Anthropic revenue hits nearly $17 billion before blockbuster IPO Moneycontrol.com See more headlines and perspectives on Google News

Roku is officially a part of Fox.

Developer: “I can’t be part of the Fox world.”

Neither Charlie Collier, who had a four-year run leading Roku’s ad and platform business, nor Tubi CEO Anjali Sud will join Fox Corp. after its acquisition of Roku. The exec departures were among several...

No Hannity on your home screen, at least for now.

The proposed transaction, approved by the Indian government on October 14, involves the sale of a combined 60.72% stake held by the Centre and Life Insurance Corporation of India (LIC) to Fairfax.

Fairfax chairman and founder Prem Watsa told analysts that IDBI Bank could pay for the businesses in cash

Fairfax is buying control of IDBI Bank, but questions have been raised over a plan in which IDBI could use its own money to buy three businesses owned by Fairfax.

The government's decision to sell a majority stake in IDBI Bank to Canadian financial services group Fairfax Financial Holdings has come under scrutiny, with questions being raised over the valuation, bidding process...

Learn about Teghaza 001, a meteorite from Mars over 4.1 billion years old that contains many minerals that could shed light on the planet's crust.

Description This global map of Mars shows 13 locations that match the mineralogy and chemistry of Teghaza 001, one of the most ancient Martian meteorites ever found on Earth. While scientists can never know for sure...

Martian meteorite found in the Sahara is 4.1 billion years old Moneycontrol.com See more headlines and perspectives on Google News

<p>DoorDash is offering $17 billion to buy Instacart to supercharge its grocery delivery business in what would be a big consolidation in grocery delivery.</p><p>DoorDash said the Instacart brand name and app will...

DoorDash is offering $17 billion to buy Instacart to supercharge its grocery delivery business in what would be a big consolidation in grocery delivery

Acquisition will supercharge DoorDash’s grocery delivery, ‘one of the hardest things to get right online’, CEO says DoorDash is gobbling up Instacart in a $17bn acquisition that will supercharge its grocery delivery...

OpenAI is also working with investment banks to raise from high net worth individuals

OpenAI has secured $11 billion in the first tranche of a funding round valuing it at $1.25 trillion, with the total potentially reaching $20 billion. The fundraising comes amid a tech sell-off and growing investor...

The deal struck by Oracle and its billionaire chairman Larry Ellison would have provided Tencent with access to up to 100,000 AI chips located at Asia-based data centers over a five-year term. Ordinarily, Tencent...

Oracle Kills $7BN Tencent AI Chip Deal Under Trump Pressure Trump administration officials went to Oracle with concerns about its chip leasing contract with Tencent , and the deal has since been cancelled, two people...

Binance says a compromised DevOps engineer's laptop may have enabled a $6.3B security incident, with about $3 billion frozen on-chain and all losses to be covered by SAFU and corporate funds.

Binance says a potentially compromised DevOps engineer's laptop may have helped enable unauthorised withdrawals worth an estimated $6.3bn, though the breach's full cause remains unconfirmed.

France's Senate has approved a controversial measure that could deduct riot-related damages from a family’s housing aid

Minister of Public Safety Gary Anandasangaree leaves West Block on Parliament Hill in Ottawa, following a cabinet meeting, on Tuesday, Oct. 27, 2026. The Canadian Press/Justin Tang

The deal makes it the largest known purchase of power-generation gear by any AI lab, according to the Financial Times. Anthropic signed the agreement back in late September with San Antonio-based supplier OnePWR...

Skydance outlines its $6 billion in planned cost savings. Here's the breakdown CNBC HBO Max-Paramount+ Bundle Set To Launch In Early 2027, David Ellison Confirms Deadline Paramount Skydance: Q3 Earnings Snapshot...