1. Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
Palantir’s forecast for 2024 revenue has been increased once more, driven by strong demand for AI solutions, leading to a surge in stock prices. FinTech Global
2. Robot AI startup Physical Intelligence raises $400 million from Bezos, OpenAI
Physical Intelligence secures $400 million in funding from major investors like Jeff Bezos and OpenAI to accelerate AI-driven robotics innovation. FinTech Global
3. SK Telecom bets big on AI: Plans for AI ‘superhighway’ across Asia Pacific
SK Telecom announces an ambitious plan for an AI-powered ‘superhighway’ spanning the Asia Pacific, enhancing connectivity and AI integration. Telecoms.com
4. Meta opens its AI models to US defence agencies and contractors
Meta has granted US defense agencies and contractors access to its powerful AI models, sparking discussions on AI’s role in national security. Telecoms.com
5. SPH Media cuts 10% of tech employees in restructuring move in bid to stay sustainable
SPH Media announces a 10% reduction in its tech workforce as part of a restructuring strategy to improve long-term sustainability. Telecoms.com
6. New York Times tops estimates as digital subscribers grow
The New York Times exceeds revenue estimates as digital subscriptions reach new heights, reflecting the success of its paywall strategy. Finextra
7. Fox Corp beats revenue estimates on robust political advertising
Fox Corp reports strong earnings, surpassing expectations, primarily driven by an increase in political advertising revenue. Telecoms.com
8. South Korea fines Meta $15 million for illegally collecting information on Facebook users
South Korea imposes a $15 million fine on Meta for illegally gathering user data on Facebook without proper consent. Finextra
9. Nvidia rides AI wave to pass Apple as world’s largest company
Nvidia overtakes Apple as the world’s largest company by market cap, driven by the soaring demand for AI technologies. Finextra
10. Super Micro slips on sales outlook that falls short of estimates
Super Micro shares drop after the company revises its sales outlook downward, failing to meet market expectations. Telecoms.com
11. Thomson Reuters reports higher third-quarter revenue
Thomson Reuters reports a strong third-quarter performance, driven by sustained growth in its AI-focused offerings. Telecoms.com
12. A year on, Intel’s touted AI-chip deals have fallen short
Intel’s ambitious AI-chip partnerships fail to deliver as expected, casting doubt on its AI market prospects. Telecoms.com
13. Striking Workers to Vote on New Boeing Offer
Boeing’s striking workers prepare to vote on a new offer that could end the labor dispute affecting the company. Telecoms.com
14. Advantest hikes profit forecast as AI boosts testing demand
Advantest raises its profit forecast after seeing significant demand for AI-driven testing solutions, particularly in semiconductor markets. Telecoms.com
15. Temera expands digital product passport with Zakeke’s 3D and AR platform
Temera partners with Zakeke to enhance its digital product passport with 3D and AR features for better customer engagement. Telecoms.com
16. TouchDIVER Pro to Introduce Enterprise-Ready Haptic XR Interactions
TouchDIVER Pro unveils its new enterprise-ready system, bringing haptic XR (Extended Reality) interactions to businesses. Telecoms.com
17. ChromeOS gets a big update with Quick Insert, Focus mode, and new AI features
Google updates ChromeOS with new features, including Quick Insert and Focus mode, to improve productivity and enhance AI tools. Telecoms.com
18. Infineon strengthens Edge AI offerings with DEEPCRAFT
Infineon expands its Edge AI solutions with the acquisition of DEEPCRAFT, reinforcing its AI portfolio. Telecoms.com
19. Global satellite IoT revenue to double by 2027
Juniper Research forecasts that global satellite IoT revenue will grow from $2.9 billion in 2024 to $5.8 billion by 2027, driven by increasing demand. Telecoms.com
20. GenAI suffers from data overload, so companies should focus on smaller, specific goals
GenAI’s potential is limited by overwhelming data; experts urge companies to focus on smaller, targeted objectives for better results. Telecoms.com
