Microsoft Reports $246.67 Billion Net Income in First Quarter of 2025 Fiscal Year, Up 11% Year-Over-Year

October 31, 2024 – Microsoft has released its financial results for the first quarter of the 2025 fiscal year, revealing a significant growth in revenue and net income. According to the report, the company’s revenue for the quarter stood at 655.85billion,markinga16565.17 billion reported in the same period last year. This growth was consistent when excluding…

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Seagate Completes Acquisition of Upstream Supplier Intevac, Strengthening HDD Position

April 3, 2025 – Seagate, a leading manufacturer of hard disk drives (HDDs), has announced the completion of its acquisition of Intevac, a supplier of upstream equipment, on March 31st, local time. The deal, valued at approximately 109million,wasfinalizedatapriceof4 per share as offered by Seagate. Intevac specializes in the manufacturing, sales, maintenance, and upgrading of thin-film…

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Google’s Parent Doubles Down on AI: $75B Investment in Chips and Infrastructure

April 10, 2025 – Alphabet Inc., Google’s parent company, has reaffirmed its commitment to pouring approximately $75 billion into expanding its data centers this year, underscoring its aggressive push into generative AI despite lingering uncertainties around returns and rising costs triggered by global trade tensions. CEO Sundar Pichai, speaking at Google Cloud’s annual conference, emphasized…

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US Demand for 100 km/h AEB Capability Faces Opposition from Automakers

June 28, 2024 –In a recent development, prominent lobbying groups within the American automotive industry have addressed a joint plea to the National Highway Traffic Safety Administration (NHTSA) and members of Congress, urging a “reconsideration” of the recently imposed Automatic Emergency Braking (AEB) regulations. These organizations argue that the stringent standards set by the government…

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