ITV (ITVPF), the 71-year-old British television company, has agreed to sell its media and entertainment arm to Sky Group, the Comcast-owned broadcaster, in a deal worth as much as 1.6 billion including debt. The transaction could reshape the UK television market by separating ITV's free-to-air chan…
Meta Platforms NASDAQ:META may have a better AI-cloud opportunity in renting out excess compute than trying to become a full-scale hyperscaler, according to Morgan Stanley analyst Brian Nowak.Nowak believes Meta is more likely to build a neocloud business, focused on leasing GPU-powered AI capacity…
Microsoft NASDAQ:MSFT is cutting about 2.1% of its workforce, or roughly 4,800 jobs, the latest in a wave of tech layoffs as the Windows maker spends heavily on AI infrastructure and uses the technology to improve efficiency across its business.Big Tech's historic AI outlays, set to top $700 billio…
Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discretionary, transport and biotechnology shares.In a note dated Monday, the brokerage said hyperscalers —…
U.S. stock futures rose early Monday as markets reopened after the Fourth of July weekend, building on last week’s rally. Investors are gearing up for the start of Q2 earnings season and await the release of the Federal Reserve’s June meeting minutes on Wednesday, the first under new Fed Chair Kevi…
Meta Platforms NASDAQ:META is discussing a potential agreement with Samsung Electronics' foundry business to design and manufacture next-generation MTIA artificial intelligence chips worth more than $6.5 billion.The report said the chips would be produced using Samsung's 2-nanometer process technol…
Meta Platforms NASDAQ:META slipped into a fresh AI reality check after CEO Mark Zuckerberg reportedly told employees that AI agent development has not accelerated in the way we expected over the past 4 months.According to Reuters, Zuckerberg made the comments during an internal town hall Thursday…
Meta Platforms NASDAQ:META is reportedly weighing a $6.5 billion AI chip deal with Samsung Foundry, a move that could shift part of its MTIA roadmap away from Taiwan Semiconductor NYSE:TSM.Sedaily reported that Meta is in talks with Samsung Electronics (SSNLF) to design and produce next-generation…
Meta Platforms Inc. (META, Financials) may be preparing a major change in its AI chip strategy. The company is reportedly in talks with Samsung Electronics over a deal worth more than $6.5 billion to develop and manufacture its next-generation MTIA AI chips. South Korean financial publication Sedai…
