Nvidia Seeks EU Approval for Arms Deal, Decision expired Oct 13: European Commission Request

Nvidia has sought EU antitrust approval for its $54 billion acquisition of Arm (about Rs. 3,98,090 crores), according to a European Commission document, with regulators likely echoing concerns similar to those expressed by the Arm’s watchdog. UK last month. The world’s largest graphics chip and AI maker announced the deal last year, raising concerns in … Read more

PayPal heats up, buy now, pay later with $2.7 billion deal in Japan

PayPal said it would buy the Japanese company buy now, pay later (BNPL) Paidy in a $2.7 billion (about INR 19,840 crores) deal largely up front, taking another step towards claiming first place in a industry witnessing a pandemic-led boom. The deal follows rival Square’s deal last month to buy the success story of Australian … Read more

Online cryptocurrency promotions must be regulated to deal with “problematic content”, says British watchdog

Britain’s Financial Conduct Authority (FCA) on Monday asked for powers to govern the online promotion of cryptoassets to combat a flood of “problematic content” it said was worthless. With some cryptoassets using social media influencers and other celebrities to promote so-called tokens, Britain’s finance ministry has already consulted on the need to regulate them. The … Read more

Elon Musk, CEO of Tesla, signals competition concerns about Nvidia-Arm deal: report

Tesla Chief Executive Elon Musk has signaled concerns about competition over Nvidia’s planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing several sources. E-commerce giant Amazon and smartphone maker Samsung also opposed the deal with US officials, the newspaper reported. Earlier this year, the US Federal Trade Commission opened an in-depth … Read more

Nvidia said to seek EU antitrust approval for a $54 billion armed deal

Nvidia is likely to seek EU antitrust approval for its $54 billion (about Rs. 3,97,240 crore) acquisition of British chip designer Arm early next month, with regulators expected to launch an investigation into large scale after preliminary review, people familiar with the matter said. The world’s largest maker of graphics and AI chips announced the … Read more

Apple closes App Store deal with small developers while waiting for Fortnite’s decision

Apple agreed on Thursday to ease App Store restrictions on small developers, settling in a class-action lawsuit while the iPhone maker awaits a decision by the same judge in a separate App Store dispute brought by the developer behind Fortnite . The settlement includes changes to the way all developers can communicate with customers, an … Read more

Nvidia Polaris supercomputer deal to be closed by the US while waiting for the delayed Intel machine

The US Department of Energy is nearing a deal to buy a supercomputer made with chips from Nvidia and Advanced Micro Devices while a key lab waits for a larger Intel supercomputer that has been delayed for months, two people familiar with the subject. The Nvidia and AMD machine, to be called Polaris, will not … Read more

Taiwan is again trying to reassure the US about how to deal with the chip shortage that has affected car production

Taiwan is doing everything possible to address the global semiconductor shortage, Economy Minister Wang Mei-hua said on Tuesday after talks with the newly appointed de facto US ambassador to Taipei, a problem that has froze some automobile production lines. Democratic US senators from Michigan and Ohio last week called on the Taiwanese government to help … Read more

Anthony Mackie Closes New Deal to Lead Captain America 4: Reports

Anthony Mackie will star in Captain America 4, according to reports that the Hawk and Winter Soldier actor has signed a new deal with Marvel in what is the most unavoidable news since late April. Mackie will return as his character Sam Wilson / Captain America of the Marvel Film Universe – formerly the Hawk … Read more

Nvidia-ARM’s $40 Billion Deal May Harm Competition, Needs Long Investigation: UK Regulator

Nvidia’s planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could hurt competition and weaken rivals, and demanded a longer investigation. Closed in September last year, the deal for Britain’s most important technology company by the world’s largest maker of graphics and AI … Read more