Oracle to Invest $8 Billion in Cloud Services in Japan

The U.S. computer technology company said the investment will meet the growing demand for cloud computing and artificial intelligence infrastructure in the world's fourth-largest economy. 


 
AI Chips Drive Growth at TSMC

The semiconductor giant's CEO expects AI to account for a fifth of the company's revenue by 2028 amid what he called insatiable demand. 


 
TikTok Ban Measure Attached to House Foreign Aid Bill, Boosting Odds of Passage

The legislation would extend the sale period for the popular Chinese-controlled app in the U.S. to seek new owners. 


 
Inside Amazon's Secret Operation to Gather Intel on Rivals

Staff went undercover on Walmart, eBay and other marketplaces as a third-party seller called 'Big River.' The mission: to scoop up information on pricing, logistics and other business practices. 


 
Google Fires 28 Employees for Protesting Company's Cloud Deal With Israel

A joint contract with Amazon has drawn the ire of tech workers. 


 
23andMe CEO Anne Wojcicki Plans to Take Company Private

The intentions, revealed in a public filing, come after the once-hot company's share price closed at a new low and its enterprise value fell below zero. 


 
Nokia Expects Demand in Mobile Networks to Pick Up

Nokia posted first-quarter earnings that beat expectations and said the period marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024. 


 
Apple to Spend More Than $250 Million to Expand Singapore Hub

Apple will invest more than $250 million to expand a regional hub in Singapore to support growth and new undertakings in artificial intelligence, as the U.S. tech giant seeks to diversify its footprint in Asia and cut exposure to China. 


 
BHP Maintains Annual Guidance as Third-Quarter Iron-Ore Production Falls 7%

BHP Group maintained its annual iron-ore production guidance after third-quarter volumes fell by 7% compared with the prior three months. 


 
Danone Backs Outlook as Sales, Volumes Beat Estimates

Danone said it expected like-for-like sales growth of between 3% and 5% in 2024, and confirmed it anticipated a moderate improvement in recurring operating margin.


(END) Dow Jones Newswires

04-18-24 0515ET