Technology of Business

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South Korean shares surge after chip stock rout

South Korean shares surged on Friday, with the Kospi up almost 17% in afternoon trading as chip stocks rebounded after a three-day rout.

2 min read

Three lessons from Big Tech’s latest AI spending spree

Big Tech companies are spending heavily on AI, but investors want clearer returns as profits from chatbots remain limited.

5 min read

Apple warns of future supply constraints for Mac, iPhone and iPad

Apple warned of future supply constraints for Macs, iPhones and iPads, sending shares down more than 7% after hours despite a 16% revenue rise to $109b and a 26% profit increase to $29b.

3 min read

ScotRail apologises as new app launch blocks ticket bookings

ScotRail has apologised after the launch of its new booking app left hundreds unable to book train tickets, with password resets and missing journeys among the reported issues.

2 min read

Chinese robots reshape UK retail warehouses

Geek+ says 2,000 robots are deployed across 10 UK sites as British retailers adopt Chinese warehouse automation and the company expands into humanoid robots.

6 min read

Meta shares slide as investors question AI spending plans

Meta shares fell 11% after investors questioned its rising AI spending, even as second-quarter revenue rose 28% and profits fell 14%. Mark Zuckerberg said the company plans to sell AI tools to other businesses.

3 min read

AI investors face a financial reckoning as chip stocks tumble

Chipmaker shares have fallen sharply as investors question the sustainability of AI demand, while concerns grow over spending, competition, and returns.

4 min read

Datacentre projects could face fees for grid access, Ofgem says

Ofgem has proposed upfront fees and financial security for datacentre projects seeking grid access, as Britain faces a queue of 315 sites and 73GW of demand.

3 min read

eBay agrees $56m settlement with bloggers over harassment case

eBay and former executives agreed to pay $56m to David and Ina Steiner after a 2019 harassment campaign linked to criticism from their EcommerceBytes site.

3 min read

AI sell-off deepens as chip stocks slump in market retreat

Asian markets tumbled as an AI-driven sell-off hit major chip stocks, with the Kospi halting trading and Japan’s Nikkei falling more than 4%. Concerns over AI borrowing and China’s chipmaking progress added to the rout.

3 min read

Chip shares fall in US and Asia as AI stock sell-off deepens

Chip makers fell sharply in the US and Asia as investors sold AI-related stocks. South Korea's Kospi was briefly halted after sliding 8%, while Nvidia dropped 5% and lost its top global valuation to Apple.

2 min read

CXMT becomes mainland China’s most valuable listed firm

CXMT surged more than 470% on its Shanghai debut, lifting its valuation to about 3.3 trillion yuan and making it mainland China’s most valuable listed firm.

3 min read