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Reuters3d agoneutral
Qatar's Ooredoo leads $800 million investment in AI platform Zankore

Qatari telecommunications services provider Ooredoo is expanding its AI computing ambitions through an investment in ‌Zankore, a dedicated AI compute and neocloud platform being ‌developed with Indosat Ooredoo Hutchison, Nokia and Nvidia, it said on Thursday. As founding shareholder and lead investor with a 49% stake, Ooredoo will commit about $800 million to Zankore's launch and initial development • The initial investment is expected to contribute approximately $600 million in cumulative ‌EBITDA over its first ⁠five years, according to current estimates • Zankore, which will initially be developed in Indonesia before expanding ⁠across Southeast Asia, is targeting 1 gigawatt of NVIDIA DSX A...

Qualcomm’s (QCOM) BMW Deal Adds To A Bigger Diversification Push
Insider Monkey3d agoneutral
Qualcomm’s (QCOM) BMW Deal Adds To A Bigger Diversification Push

Qualcomm (NASDAQ:QCOM) signed a long-term deal on July 29 to supply chips for BMW’s future digital cockpit and advanced driver-assistance systems through the next decade. The agreement builds on a partnership that already put the Snapdragon Ride Pilot system into BMW’s iX3, and it arrives while investors are still deciding whether Qualcomm’s push beyond smartphones […]

Novavax (NASDAQ:NVAX) Exceeds Q2 CY2026 Expectations
StockStory3d agoneutral
Novavax (NASDAQ:NVAX) Exceeds Q2 CY2026 Expectations

Vaccine biotechnology company Novavax (NASDAQ:NVAX) announced better-than-expected revenue in Q2 CY2026, but sales fell by 76.3% year on year to $56.7 million. Its GAAP loss of $0.32 per share was 16.6% above analysts’ consensus estimates.

Transocean (RIG) Stock May Be Cheap On Cash Flow But Fair On Sales
Simply Wall St.3d agoneutral
Transocean (RIG) Stock May Be Cheap On Cash Flow But Fair On Sales

Transocean stock has delivered a strong 69.6% return over the past year, yet the valuation checks and an intrinsic value estimate based on a Discounted Cash Flow (DCF) model suggest the current share price of US$5.14 may still sit below what the company’s cash flows imply. Over the last 12 months Transocean has returned 69.6%, which puts the recent share price performance front and center for anyone weighing upside against downside risk. Future contract activity and day rates can support...

Mark Zuckerberg Wants to Accelerate AI Development Further
24/7 Wall St.3d agoneutral
Mark Zuckerberg Wants to Accelerate AI Development Further

While rival AI leaders push for regulations and safety guardrails, Mark Zuckerberg is making the case that slowing down may be the most dangerous move of all. His latest op-ed challenges the entire premise of AI doomerism in ways that could reshape the debate.