Tag: WLES1
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Alibaba’s break-up plan raises hopes that China’s crackdown on technology will come to an end
March 29 (Reuters) – Shares in Alibaba Group (9988.HK) and other leading Chinese tech companies rose on Wednesday as investors hailed an unprecedented revamp of the Jack Ma-founded company as the beginning of the end of Beijing’s crackdown on the sector. Alibaba said Tuesday it planned to split into six units and explore fundraising or […]
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Nvidia announces technology to accelerate chip design at AI conference
March 21 (Reuters) – Nvidia Corp. (NVDA.O) Chief Executive Jensen Huang unveiled a new product on Tuesday to accelerate semiconductor design as it rolled out a range of new artificial intelligence technologies based on its chips and software. Huang made the remarks at GTC, the company’s annual conference for software developers. Analysts look forward to […]
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SoftBank’s Arm aims to raise at least $8 billion in US IPO, sources say
NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to look to raise at least $8 billion from what is expected to be a blockbuster in the US stock market be this year, people familiar with the case said Sunday. Arm is expected […]