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Category: Business News

19Nov

Schneider Electric seals $2.3 billion in US data centre deals to power AI boom

Schneider Electric, opens new tab said on Wednesday that it had signed new deals worth almost $2.3 billion with two U.S. data centre operators, as surging adoption of artificial intelligence…
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19Nov

Alphabet stock surges on Gemini 3 AI model optimism

Alphabet stock jumped 3% on Wednesday after Google debuted its latest artificial intelligence model, Gemini 3, sparking optimism from investors. The new model is an improvement on its predecessor, Gemini 2.5,…
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19Nov

Adobe to buy Semrush for $1.9 billion, sending marketing platform’s shares up 74%

Adobe said Wednesday that it reached a deal to acquire search engine marketing platform Semrush for $1.9 billion to boost its tools for marketers in the age of artificial intelligence. Semrush shares…
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19Nov

Perplexity announces free product to streamline online shopping

Perplexity on Wednesday announced it will roll out a free agentic shopping product for U.S. users next week, as consumers ramp up spending for the holiday season. “The agentic part…
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19Nov

Meta chief AI scientist Yann LeCun is leaving to create his own startup

Yann LeCun, known as one of the godfathers of modern artificial intelligence and one of the first AI visionaries to join the company then known as Facebook, is leaving Meta.…
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19Nov

Elon Musk’s xAI will be first customer for Nvidia-backed data center in Saudi Arabia

Nvidia and xAI said on Wednesday that a large data center facility being built in Saudi Arabia and equipped with hundreds of thousands of Nvidia chips will count Elon Musk’s…
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19Nov

Nvidia CEO Jensen Huang rejects talk of AI bubble

In the weeks leading up to Nvidia’s third-quarter earnings report, investors debated whether the markets were in an AI bubble, fretting over the massive sums being committed to building data centers…
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19Nov

Porsche reveals all-electric Cayenne SUV, ‘most powerful’ production vehicle ever made by sports car company

Porsche on Wednesday revealed an all-electric version of its Cayenne SUV, calling it the “most powerful” production vehicle ever made by the German sports car manufacturer. The 2026 Cayenne EV is…
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18Nov

Tesla obtains permit to operate ride-hail service in Arizona

Tesla has obtained a permit to operate a ride-hailing service in Arizona, the state’s department of transportation said. The electric vehicle company applied for a “transportation network company” permit on Nov.…
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18Nov

Bitcoin sinks to six-month low as risk-off sentiment persists

Bitcoin dropped to its lowest level in six months on Friday, as a broad sell-off in risk assets deepened amid fading hopes that the Federal Reserve will cut U.S. interest…
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