Esteban Tesson

CVC weighs selling Arthea for about $2bn

According to Reuters sources, CVC Capital Partners is exploring the sale of Arthea, the parent company of brands including Dr. Teal's and Cantu, in a deal that could value the business at around $2bn. The fund is working with Moelis and William Blair on the project, which remains at an early stage. CVC acquired the company in 2017 for $1.43bn, when it was previously known as PDC Brands.

September 09, 2026 at 12:17 am IST

Rigetti secures $100m under the CHIPS Act

Rigetti Computing has reached a definitive agreement with the US Department of Commerce for $100m in funding. Granted under the CHIPS Act, the package is intended to support the group's research and development work in superconducting quantum computing. In return, Washington will receive a minority, non-controlling stake in Rigetti.

September 08, 2026 at 07:34 pm IST

Qualcomm soars after strategic AI partnership with Amazon

Qualcomm shares rose more than 7% on Tuesday after the announcement of a partnership with Amazon Web Services (AWS) focused on data center infrastructure. The deal calls for the development of 'multiple generations of custom chips' to support AWS's artificial intelligence infrastructure, particularly for inference operations. The collaboration combines Amazon's cloud capabilities with Qualcomm's expertise in energy-efficient processors and semiconductor design.

September 08, 2026 at 07:12 pm IST

ByteDance puts $30bn on the table to win the AI battle

ByteDance secured a $29.6bn loan from nearly 30 banks, the second-largest bank financing completed in Asia this year behind the $40bn raised by SoftBank in March. Initially set at $20bn, the amount was increased in response to strong demand from financial institutions. Arranged by Citigroup and JPMorgan, the three-year loan can be extended by an additional two years.

September 05, 2026 at 12:31 am IST

Zscaler surges on AI-driven cybersecurity demand

Zscaler beat Wall Street expectations in the fourth quarter and delivered a solid outlook, supported by rising demand for cybersecurity tools as companies grapple with risks tied to artificial intelligence. Revenue rose 25% to $898m, versus $877m expected, while adjusted profit came in at $1.19 per share, compared with $1.09 anticipated. Net loss narrowed to $3.4m. The stock rose 2% in after-hours trading.

September 04, 2026 at 12:49 pm IST

Adobe names Anil Chakravarthy to succeed Shantanu Narayen

Adobe has appointed Anil Chakravarthy as chief executive officer effective December 1, succeeding Shantanu Narayen after 18 years at the helm of the creative software specialist. Until now president of customer experience orchestration and global commercial operations, Anil Chakravarthy will also join the board of directors. Shantanu Narayen, who joined Adobe in 1998, will become executive chairman and will support his successor during the transition.

September 04, 2026 at 02:29 am IST

Nvidia to launch the first PCs equipped with RTX Spark in October

Nvidia said Lenovo and Acer will market in October the first Windows PCs equipped with its RTX Spark chip, designed to boost on-device execution of artificial intelligence applications. The group is seeking to broaden its presence beyond data centers by putting more AI-dedicated computing power directly into personal computers.

September 03, 2026 at 11:53 pm IST

Microsoft to limit cloud gaming time on Xbox Game Pass

Microsoft will introduce monthly quotas starting in November for game streaming via Xbox Game Pass, ending the unlimited access offered until now. The group is justifying this shift by citing the rising cost of its infrastructure as cloud gaming usage grows. Once users have exhausted their quota, players will be able to buy additional hours, though pricing has not yet been disclosed.

September 03, 2026 at 10:47 pm IST

Broadcom disappoints despite a surge in sales of AI chips

Broadcom unveiled revenue guidance that came in slightly below expectations for its fourth quarter, despite strong growth in its artificial intelligence-related businesses. The company is targeting about $34.8bn in revenue, versus $35.03bn expected by analysts, according to LSEG. The stock is down nearly 3% in after-hours trading and is up only about 6% since the start of the year.

September 03, 2026 at 02:18 am IST

John Ternus Takes Over With Many Challenges Ahead at Apple

As announced, Tim Cook is stepping aside as Apple CEO in favor of John Ternus, until now the company's senior vice president of Hardware Engineering. Ternus thus becomes only the company's second CEO since Steve Jobs' departure, and will carry the heavy responsibility of steering the Apple empire, with roughly $4.6tn in market capitalization.

September 01, 2026 at 09:12 pm IST

The FTC accuses Amazon of overcharging its advertisers

The US Federal Trade Commission has filed suit against Amazon, accusing the company of 'secretly and systematically' overcharging advertisers using its platform. Backed by the attorneys general of 22 states, the complaint says more than $20bn may have been collected through hidden surcharges. The practices at issue are said to date back to a change in the ad auction system introduced in 2019.

August 01, 2026 at 01:10 am IST

OpenAI tops $1bn in annualized advertising revenue

OpenAI says its advertising business, launched about 200 days ago, is now running at an annualized revenue pace of $1bn. The rise marks a new milestone in diversifying its business model, alongside consumer subscriptions, enterprise offerings and usage-based APIs. It comes as the company prepares for an initial public offering and looks to justify an estimated valuation of $852bn.

August 31, 2026 at 07:20 pm IST

Nvidia invests $3.5bn in MediaTek

Nvidia has invested $3.5bn in convertible bonds issued by MediaTek, strengthening its partnership with the Taiwanese semiconductor maker. The deal underscores Nvidia's strategy of financing companies that build products around its technologies to expand its artificial intelligence ecosystem. It could, however, fuel investor concerns about circular financing mechanisms in the sector.

August 31, 2026 at 06:59 pm IST

Lisraya wins FDA approval in dermatomyositis

The US FDA has approved Lisraya, a treatment developed by Roivant and Priovant Therapeutics for dermatomyositis, a rare disease affecting the skin and muscles. The drug becomes the first authorized oral treatment for the condition, which affects fewer than 5,000 people in the United States, according to the National Institutes of Health. Roivant shares were up nearly 3% at $37.69 after the announcement.

August 28, 2026 at 01:38 am IST

SK Hynix to launch production of its HBM4E chips in Indiana in 2029

SK Hynix plans to begin mass production of its next-generation HBM4E memory in its Indiana plant in the third quarter of 2029. The project, valued at more than $4bn, is intended to bolster the South Korean group's US capabilities and bring output closer to major customers such as Nvidia, Microsoft and Google, as demand for artificial intelligence infrastructure surges.

August 27, 2026 at 11:15 pm IST

Nvidia: the prophets of decline will have to wait

Nvidia once again beat expectations and delivered guidance above consensus. After an initially hesitant reaction, Wall Street quickly changed its tune: the stock is now up more than 7%. With demand still outstripping supply and Vera Rubin ramping quickly, fears about in-house chips and a slowdown in growth look, for now, far away.

August 27, 2026 at 07:54 pm IST

Okta soars on the stock market, buoyed by securing AI agents

Okta is up about 19% after-hours after beating second-quarter expectations and raising its full-year guidance. The identity management specialist is benefiting from new cybersecurity needs tied to the proliferation of artificial intelligence agents, which are creating a growing number of digital identities to monitor and protect.

August 27, 2026 at 02:30 am IST

Nvidia Beats Expectations Despite the Rise of In-House AI Chips

Nvidia delivered third-quarter revenue guidance above expectations, underscoring the ongoing strength of investment in artificial intelligence infrastructure. The company is targeting $108bn in revenue, with a 2% margin of error, versus $104.19bn expected by analysts, according to LSEG. The outlook does not include any sales of data center chips in China. Even so, the stock is down nearly 1% in after-hours trading.

August 27, 2026 at 02:18 am IST

Salesforce jumps on AI momentum and its stake in Anthropic

Salesforce rose nearly 14% after hours after posting results and guidance that beat expectations, supported by a surge in its artificial intelligence business. In the second quarter, revenue climbed 11% to $11.35bn, versus $11.32bn expected, while adjusted profit reached $5.90 per share. Net income jumped 87% to $3.53bn, notably thanks to a $2.6bn gain tied to its stake in Anthropic.

August 27, 2026 at 01:59 am IST

Anthropic to lease $45bn in computing capacity from Nscale

Anthropic will commit $45bn to leasing AI-dedicated computing power from Nscale, according to Bloomberg. The deal is expected to give the start-up the infrastructure it needs to support the strong growth anticipated for its services, including Claude Code, its AI tool focused on programming.

August 27, 2026 at 12:03 am IST

OpenAI's Jalapeño chip turns up the heat on Nvidia in inference

OpenAI has unveiled the first performance results for Jalapeño, its first custom-built artificial intelligence chip developed with Broadcom and designed specifically for inference. Early tests point to high speed and strong energy efficiency, which could gradually reduce OpenAI's reliance on Nvidia's GPUs. The move comes as Google, AWS and Meta are also developing their own processors, intensifying competition in a market that until now has been largely dominated by Nvidia.

August 26, 2026 at 07:46 pm IST