Tag Archives: tech

FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. The price reflects a 50% discount that Moscow imposes on companies from “unfriendly” countries like the Netherlands as… Source link

The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil By DAVID McHUGH AP Business Writer February 5, 2024, 8:29 AM ET • 3 min read FRANKFURT, Germany — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil… Source link

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(Bloomberg) — Wall Street traders gearing up for the Federal Reserve decision scrambled to digest a selloff in big tech, the Treasury refunding plans and weaker-than-forecast data. Fresh concerns about regional lenders added to economic concerns that sent bond yields plunging, though banks pared losses as the session progressed. Most Read from Bloomberg The most-influential group in the S&P 500 got hammered on Wednesday after some of its biggest names failed to live up to high expectations… Source link

The hardware and software development company Singular Computing has received an undisclosed amount from Google in a settlement out of federal court in Massachusetts, bringing to an end the five-year long civil case brought by Singular’s founder Dr. Joseph Bates against the tech giant for patent infringement (PDF, hosted by The Register). Said infringement pertains to computer architectures facilitating artificial intelligence (AI) tool development and the training of large language models… Source link

Google Research Since the release of DALL-E 2 at the end of 2022, text-to-image generators have been all the rage with plenty of worthy competitors entering the market. Now, over a year later, we are at the dawn of a new technology: AI video generation.  On Tuesday, Google Research released a research paper on Lumiere, a text-to-video diffusion model that can create highly realistic video from text prompts and other images.  Also: The best AI image generators of 2024: DALL-E 2 and… Source link

A Russia-based company has become the legal owner of tech giant Yandex as it prepares to separate from its Dutch parent company, the state-run Interfax news agency reported Tuesday. MKAO Yandex was registered last month in the Kaliningrad region’s Oktyabrsky Island, an offshore zone known as a “special administrative region.” In addition to offering low taxes, the offshore zone allows major Russian companies to repatriate their businesses while avoiding Western sanctions as… Source link

The Nasdaq 100 (^NDX) hit a record high on Thursday as stocks rebounded, led by notable tech performances like Microsoft (MSFT) and NVIDIA (NVDA). Yahoo Finance Market Reporter Jared Blikre takes a closer look at the stock and sector actions. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note: This article was written by Eyek Ntekim Source link

The key drivers of the late 2023 stock market rally have faded. With investors increasingly questioning when the Federal Reserve will cut interest rates, the so-called “soft landing” trade which saw investors pour into interest-rate sensitive sectors has stumbled to start 2024. That raises the question of what the next catalyst is — and investors may not need to look further than the tech sector (XLK). Despite the recent craze over small caps and other hot trades that could benefit from… Source link

US stocks tipped higher on Thursday, eyeing a rebound from recent losses as investors looked to fresh quarterly earnings for inspiration amid dwindling hopes for an early 2024 interest rate cut. The S&P 500 (^GSPC) added around 0.4%, while the tech-heavy Nasdaq Compossite (^IXIC) led gains, rising 1%. The Dow Jones Industrial Average (^DJI) dropped about 0.3%. Techs led stocks higher after a bullish AI-fueled revenue outlook from TSMC (TSM), a key supplier to Apple (AAPL) and Nvidia (NVDA)…. Source link