PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
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Dell Shares Rise Amid Positive Earnings Report
Last Thursday, August 29, Dell published information on the financial results of its operations in the second quarter of fiscal year 2025, which turned out to be more optimistic compared to the content of the preliminary forecasts of Wall Street analysts and became evidence of the company’s upward dynamic business related to servers.
German Inflation Slows
In August, Germany recorded a slowdown in the inflation process to the target level of the European Central Bank (ECB).
Nvidia Exceeds Earnings Expectations
Nvidia, last Wednesday, August 28, released earnings data for the last fiscal quarter, which testified that the financial performance of this company, which has become one of the main beneficiaries of the so-called artificial intelligence boom, once again exceeded the expectations of Wall Street analysts regarding the brand’s commercial results.
G Squared Reportedly Raises $1.1 Billion
Media reported that venture capital group G Squared raised $1.1 billion in investment funds.
Coupa Adds AI Tools to Spend Management Platform
Coupa, specializing in spending management activities, announced that more than 100 innovative solutions based on artificial intelligence have been added to its platform.
Germany’s Business Outlook Remains Low
Germany’s business outlook continues to be at a low level, currently being minimal since February.
Walmart Sells JD.com Shares
Walmart has sold its entire stake in Chinese e-commerce giant JD.com.
Microsoft to Release Windows Recall AI Search Feature in October
Microsoft on Wednesday, August 21, announced that in October it will release a controversial Recall search function using artificial intelligence.
OpenAI Rolls Out Fine-Tuning Feature for GPT-4o
OpenAI launched fine-tuning for GPT-4o and stated that as a result of using this new feature, developers will be able to increase the level of performance and improve such an aspect of their apps as accuracy.
Technology Giants Boost Hong Kong Stocks
Hong Kong stock indexes on Monday, August 19, showed growth against the background of the rising value of shares of technology companies.
AMD to Acquire Server Maker ZT Systems
It became known that Advanced Micro Devices (AMD) Inc. has reached an agreement on the implementation of the deal for the acquisition of ZT Systems, which specializes in the implementation of server manufacturing activities.
Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department
Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.
Banking Technology Firm Amount Raises $30 Million
The Amount company, which operates in the area of banking technologies, announced that it managed to raise investment funds for $30 million.
