Technology

BLOOMBERG Amazon.com Inc is in talks to join other tech companies as an anchor investor in Arm Ltd’s initial public offering, according to a person familiar with the situation, part of preparations for a deal that could raise as much as $10 billion. Amazon is one of several tech companies that have talked to Arm about backing the offering, which ...

BLOOMBERG China’s largest tech companies Alibaba Group Holding Ltd and Tencent Holdings Ltd have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors warn the celebration may be premature. For the first time since 2021, China’s ...

BLOOMBERG Australia should consider extending a ban on TikTok from government devises to include WeChat, a panel of lawmakers said, in the latest move from Canberra to crack down on potential influence linked to Beijing. A Senate committee urged sweeping changes to Australia’s treatment of major tech firms in its final report. Among proposals are stricter transparency requirements on ownership ...

BLOOMBERG Results from Apple Inc and Amazon.com Inc after the recent close represent the next big hurdle for the market’s tech-fueled rally, and it may be the hardest to clear. Both stocks have been critical to the S&P 500’s advance this year, attracting investors with their relatively durable revenue streams and market dominance. But whether they can fuel further gains ...

BLOOMBERG Samsung Electronics Co introduced the fifth generation of its foldable smartphones, seeking to counter a sluggish market for devices and upcoming rival products from Apple Inc. The new Galaxy Z Flip 5, a 6.7-inch smartphone that folds down into a square shape, now has an external display covering the majority of one side, making it more useful when closed. ...

BLOOMBERG Meta Platforms Inc topped forecasts for second-quarter sales and gave a rosy outlook for the current period, signalling that the social networking giant is succeeding in migrating advertisers to its new Reels short-video feature. The company said second-quarter revenue was $32 billion, compared with analysts’ average projections for $31.1 billion. In a statement, Meta said sales in the current ...

BLOOMBERG Apple Inc is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before, according to people familiar with the matter. The Cupertino, California-based company is aiming to hold shipments steady despite tumult in the global economy and a projected decline in the overall smartphone market. It’s likely to ...

BLOOMBERG It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it. Elon Musk decreed that Twitter’s product name would be changed to “X,” and that he is getting rid of the bird logo and all the associated ...

BLOOMBERG Urban air-taxis can begin service over US cities as soon as 2028 by largely adhering to existing flight rules for helicopters and other low-altitude aircraft, according to federal regulators. The Federal Aviation Administration (FAA) timeline is three years beyond the agency’s initial goal of certifying the first of such aircraft by 2025. During initial phases, the taxis will have ...

BLOOMBERG Tata Group plans to build a £4 billion ($5.2 billion) battery plant in the UK to supply electric vehicles made by Jaguar Land Rover Automotive Plc, in a win for Britain’s struggling car industry. JLR and Tata Motors Ltd will be anchor customers for the plant capable of providing 40 gigawatt hours worth of batteries with supplies starting from ...