Markets

Slack spikes 32% following reports of potential takeover by Salesforce

Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $US17 billion market cap it held before shares jumped. There’s no guarantee the talks will lead to […]
Slack spikes 32% following reports of potential takeover by Salesforce
Tech

Apple reportedly bought a video AI startup for $50 million as it tries to improve Siri and other apps

Apple purchased artificial intelligence startup Vilynx earlier this year for approximately $US50 million, Bloomberg reported Tuesday. Barcelona-based Vilynx built AI tools that analyse videos with the goal of “understanding” what’s in them and categorising that information, which Apple could use to improve Siri and other apps. Bloomberg also reported that […]
Apple reportedly bought a video AI startup for $50 million as it tries to improve Siri and other apps
Markets

US stocks trade mixed as investors weigh strong earnings against stimulus hold-up

US stocks traded mixed on Tuesday as investors weighed strong earnings reports and deal news against the latest delay in economic stimulus. Merck,HSBC,Corning, and others beat third-quarter estimates when they reported figures Tuesday morning. The healthy readings suggest the bulk of the coronavirus’s economic fallout landed earlier in the year. […]
US stocks trade mixed as investors weigh strong earnings against stimulus hold-up
Markets

Xilinx rockets 17% after finalising $35 billion sale to AMD

Xilinx shares soared as much as 17% higher in early Tuesday trading after Advanced Micro Devices agreed to buy the company in a $US35 billion deal. The acquisition is expected to close by the end of 2021, according to a press release. Xilinx shareholders will receive 1.7234 shares of AMD […]
Xilinx rockets 17% after finalising $35 billion sale to AMD