Tencent unveils AI model in high-stakes test for OpenAI hire

The Hy3 represents a big advance in areas from complex reasoning to coding

In March, Netflix repurchased 13.5 million shares for about US$1.3 billion.

Netflix buying back US$25 billion in stock after share decline

The announcement comes days after the company reported disappointing financial results

Deutsche Telekom CEO Timotheus Hoettges had said during full-year results in February that the company was reviewing opportunities to increase its stake in T-Mobile US.
EXPLAINER

How Deutsche Telekom and T-Mobile US could pull off the world's biggest M&A deal

A merger would provide scale to compete in both the US and Europe

The quarter’s earnings are the first under Nokia’s new structure, and reflect the reorganisation of its business into two units.

Nokia earnings beat estimates as data centre pivot shows promise

The company’s shares have almost doubled over the last year

Microsoft’s commitment in Australia follows similar announcements recently in Japan, Singapore and Thailand.

Microsoft commits A$25 billion to build Australian AI capacity

The company and its US cloud computing peers plan to spend about US$650 billion this year

Intel CEO Tan Lip Bu has said that the company would exit the chip manufacturing business altogether if it failed to secure an external customer.

Intel lands Tesla as first major customer for 14A chip technology

The chipmaker has previously said that it was in discussions with large customers about 14A

SK Hynix says earlier that it is accelerating capacity expansion, including bringing forward the opening of a new memory chip plant in South Korea to meet surging demand.

Nvidia supplier SK Hynix’s Q1 profit rises five-fold to a record high on AI boom

Some analysts expect the pace of price increases to ease after the second quarter

IBM has especially been hit after Anthropic said in February that one of its tools could help modernise Cobol, a language widely used on the company’s mainframes.

IBM’s slower revenue growth fans AI worries, shares fall

Concerns that AI will eat into the software business have grown with the launch of tools that can automate routine corporate functions