Summary: Microsoft plans to invest $2.2 billion in Malaysia for cloud and AI infrastructure over four years, partnering with the government to establish a national AI center. This is part of the company's larger investments in countries like Indonesia and Japan for AI development and training programs.
Full articleSummary: Microsoft will invest $2.2bn in artificial intelligence and cloud infrastructure in Malaysia, establishing an AI Centre of Excellence and providing education and training to 200,000 people. This follows similar investments in Indonesia and Thailand.
Full articleSummary: Pfizer is tracking well to meet its cost-cutting goals, reducing overinvestment from pandemic era. The company posted 11% operational sales growth and is focusing on market underappreciation of margin expansion.
Full articleSummary: Tesla is reportedly planning further massive job cuts after laying off approximately 10% of its workforce earlier this month. Elon Musk warned of another wave of layoffs, aiming to cut 20% of the company, matching the sales decline. Executives are expected to downsize their teams or face resignation.
Full articleSummary: Australia's sovereign wealth fund reveals the size of its alternative investments mandates, with Man Group, BlackRock, and Citadel among the big winners.
Full articleSummary: Microsoft plans to invest $2.2 billion in Malaysia over the next four years to support the country's digital transformation.
Full articleSummary: Pfizer (PFE) beat on earnings in the first quarter of 2024, but faces challenges with declining revenues and lack of near-term blockbuster drugs. Investors are wary due to concerns about Pfizer's product pipeline, patent expirations, and dividend maintenance.
Full articleSummary: Google made significant changes within its organisation, resulting in the layoff of at least 200 employees from its 'Core' teams and relocating roles to India and Mexico. Despite recent layoffs and downsizing, Google reported its fastest growth rate since early 2022 and improved profit margins in the first quarter. The changes mainly affect teams crucial to Google's developer tools.
Full articleSummary: Nike's Aqua Swoosh slip-on shoes, initially only available in kid sizes, are highly anticipated by adults. The potential release of adult sizes is eagerly awaited by fans and fashion enthusiasts, with hopes that it will become a popular slip-on due to its unique design and futuristic appeal.
Full articleSummary: Bank of America Corp (NYSE:BAC) reveals a 15% decrease in net income but maintains a robust balance sheet, emphasizing digital expansion and wealth management growth opportunities alongside competitive pressures and potential regulatory changes as threats.
Full articleSummary: McDonald's plans to introduce bigger burgers to its menu in several markets including the United States, aiming to offer larger, more satisfying burgers at affordable prices. The company's team of chefs has developed a 'larger, satiating burger' which will be tested in select markets in 2024 before potential global rollout.
Full articleSummary: Caterpillar Inc (NYSE:CAT) reported robust sales and revenue performance with a notable increase in consolidated profits in the first quarter of 2024. The company's financial snapshot reflects growth in revenues from Financial Products despite a slight decrease in sales of Machinery, Energy & Transportation. Opportunities for growth in emerging markets and through technological advancements were highlighted.
Full articleSummary: Intel announced it surpassed 500 AI models running optimized on new Intel Core Ultra processors, enabling a wide field of innovation for software developers and simplifying the delivery of AI PC applications and features to users.
Full articleSummary: Acadia Realty Trust is a fully integrated equity real estate investment trust focused on retail properties in high-barrier-to-entry, densely populated areas in the US.
Full articleSummary: Salesforce introduces new sustainable AI initiatives including Sustainable AI Policy Principles and Salesforce Accelerator – AI for Impact, aims to guide AI regulation, minimize environmental impact, and empower purpose-driven organizations to address climate change challenges.
Full articleSummary: Meta Platforms, Inc. (META) discovered tens of thousands of racy advertisements for AI-generated 'girlfriends' on its platforms, violating its policies against adult content. The company is taking action to remove these explicit ads.
Full articleSummary: Citigroup Global Markets Australia Pty Limited has ceased to be a substantial holder in Worley Limited as of May 2, 2024, after changes in their relevant interests in the company’s voting securities.
Full articleSummary: Comcast and Diamond Sports Group failed to reach a new carriage agreement, resulting in blackout of 15 regional sports networks including MLB teams like the Los Angeles Angels, St. Louis Cardinals, and the defending champion Texas Rangers.
Full articleSummary: Philip Morris posted strong Q1 results with growth in all divisions, leading to raised guidance for record profits in FY2024.
Full articleSummary: IBM is installing a Quantum System Two at Riken in Japan to be integrated with the Fugaku Supercomputer, utilizing the latest generation Heron processor with 133 qubits, funded by Japan's NEDO and involving collaboration with SoftBank, the University of Tokyo, and Osaka University.
Full articleSummary: ConocoPhillips is set to release its first-quarter earnings results, with analysts expecting a decrease in earnings per share compared to the year-ago period. The company missed revenue consensus in the fourth quarter but beat adjusted EPS expectations.
Full articleSummary: JPMorgan Chase faces legal challenges in Russia with potential asset seizure due to lawsuits stemming from sanctions imposed on Russia for its invasion of Ukraine. The bank accuses Russian courts of ignoring contractual rights and obligations.
Full articleSummary: Tesla Inc. rescinds summer internship offers just weeks before start, leaving interns to seek other opportunities.
Full articleSummary: Microsoft announces a US$2.2 billion investment in Malaysia to advance cloud and AI infrastructure, skilling opportunities, establish AI Centre of Excellence, and enhance cybersecurity capabilities.
Full articleSummary: SK Hynix's high-bandwidth memory (HBM) chips are almost sold out for 2025 after being fully booked for 2024. The company will begin sending samples of the latest version of HBM chips in May and start mass production in the third quarter, as demand increases due to the expansion of AI technology into various applications like smartphones, PCs, and automobiles.
Full articleSummary: Microsoft announced significant commitments to build a new regional data center in Thailand, invest in AI skills training for over 100,000 people, and support local developers as part of its focus on Southeast Asia.
Full articleSummary: Super Micro Computer Inc. exceeded earnings expectations but fell short on revenue leading to a 14% drop in their stock price. Analysts adjusted price targets after earnings announcement with mixed sentiments.
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