Private-equity firm KKR will launch a tender offer to acquire Japan’s Fuji Soft following a higher counter bid from a rival for the software developer.
Asian chip stocks took a hit on Wednesday as markets were unnerved by artificial-intelligence chip giant Nvidia’s slump overnight and renewed fears of an economic slowdown.
A takeover tussle could break out over Fuji Soft as two U.S. private-equity firms compete to acquire the Japanese software developer for more than $4 billion.
Developers in China are working with brokers to access computing power overseas, sometimes masking their identity using techniques from the crypto world.
Chinese technology companies cut off from the world’s most advanced chips for artificial-intelligence computing are rallying around an appealing message from industry pioneers: to make money, they might not necessarily need them.
Hong Kong-listed shares in JD.com fell by the most in nearly two years after U.S. retailer Walmart moved to sell its stake in the e-commerce giant worth up to $3.7 billion.
The OpenAI chief’s Worldcoin project involves an attempt to scan the irises of every person on Earth and pay them with his own cryptocurrency. Authorities aren’t buying it.
Charging isn’t the headache that many people think it is. The outlet that’s already in your garage is almost always all you’ll need to keep an EV running.
Lenovo’s profits rose for a second-straight quarter as the world’s largest PC maker emerges from a yearslong downturn in the industry and captures opportunities in artificial intelligence to drive growth.