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Google shares tumble as heavy AI spending trigger $9 billion cash burn

By Theunis Jansen van Rensburg
In Artificial IntelligenceBusinessFinanceGoogleInternetTechnology
16 hours ago
Alphabet shares drop 10% as search ad revenue misses targets and heavy AI spending drives a $9.1bn negative cash flow in the third quarter.

Anthropic files for historic Nasdaq IPO

By Theunis Jansen van Rensburg
In BusinessFinancePopular
3 days ago
Anthropic has filed for a Nasdaq IPO under ticker ANT, setting the stage for the first major public debut from a frontier AI developer.

SpaceX explores Tesla acquisition amid AI revenue surge

By Theunis Jansen van Rensburg
In Artificial IntelligenceAutoBusinessFinanceTechnology
6 days ago
SpaceX and Tesla have established independent special committees to evaluate a potential combination of the two companies.

Samsung projects historic R1.32 trillion profit as AI memory demand soars

By Theunis Jansen van Rensburg
In Artificial IntelligenceBusinessFinanceHardwareSamsungTechnology
3 weeks ago
Samsung Electronics projects third-quarter profits of R1.32 trillion, fuelled by the global memory chip shortage as AI spending skyrockets.

FNB partners with VALR to launch ringfenced crypto trading

By Theunis Jansen van Rensburg
In FinanceSouth AfricaTechnology
3 weeks ago
FNB has integrated cryptocurrency trading into its share trading platform through a strategic partnership with local crypto exchange VALR.

Capitec earnings rise 19% driven by surge in fintech

By Theunis Jansen van Rensburg
In BusinessFinanceSouth AfricaTechnology
4 weeks ago
Capitec Bank has reported a 19 percent increase in group headline earnings to R9.5 billion for the six months ending 31 August 2026.

Revolut pilots biometric facial recognition payments

By Theunis Jansen van Rensburg
In BusinessFinanceTechnology
1 month ago
Revolut has launched "Pay with Smile," a biometric payment system that enables consumers to complete transactions using facial recognition.

AfriForum demands withdrawal of ‘unlawful’ municipal solar tariff

By Theunis Jansen van Rensburg
In FinanceSouth AfricaTechnology
2 months ago
AfriForum has demanded that the Thaba Chweu Local Municipality and NERSA rectify a controversial solar panel levy imposed on local households.

Takealot raises free delivery threshold to R750

By Theunis Jansen van Rensburg
In BusinessEcommerceSouth AfricaTechnology
2 months ago
Takealot.com has increased the minimum order value required to qualify for free delivery from R650 to R750.

Nvidia agrees to $12.9 billion acquisition of Hugging Face

By Theunis Jansen van Rensburg
In Artificial IntelligenceBusinessNvidiaTechnology
2 months ago
Nvidia has agreed to acquire the open-source AI model repository Hugging Face for $12.9 billion, according to a report from The Information.

Xiaomi signals turnaround ahead as Q2 profit drops 43 percent on component costs

By Theunis Jansen van Rensburg
In BusinessFinanceGadgetsTechnologyXiaomi
2 months ago
Xiaomi announced that the heaviest pressures on its smartphone business have likely passed, even as second-quarter earnings missed analyst projections due to elevated component prices.

Stripe and Advent International in acquisition talks for PayPal

By Theunis Jansen van Rensburg
In BusinessFinanceTechnology
3 months ago
Payment processing giant Stripe and private equity firm Advent International are in active negotiations to acquire PayPal Holdings.
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