Databricks Inc. says it has topped $1 billion in annualized revenue, a milestone that comes as the nine-year-old data analytics company looks to acquire other tech startups to drive growth.
The sale of airwaves for high-speed platforms exceeded forecasts, lifting hopes of a rapid rollout as New Delhi seeks to close a technology gap with other countries, including China.
Amgen is fighting a $10.7 billion tax bill from the IRS, which says the biotech improperly shifted nearly $24 billion in profits to a Puerto Rico subsidiary to reduce its tax burden.
Political wrangling has slowed progress on what began as a bipartisan effort to restore America’s semiconductor production prowess.
Before the Tesla CEO’s billion-dollar battle over Twitter, another fight broke out over how his charitable giving should be managed. Ex-professional gambler Igor Kurganov became a top Musk adviser on giving his fortune away. Jared Birchall, his wealth manager and key player in financing the bid for Twitter, wanted him out.
The Swedish telecom-equipment giant said the Committee on Foreign Investment in the U.S. had authorized its proposal purchase of Vonage, clearing the way for the deal to be completed next week.
The move comes amid a rout in technology stocks and a series of layoff announcements and hiring freezes in the industry tied in part to a slowdown in digital advertising sales.
The foundation said it plans to increase its annual payout by billions of dollars in coming years.
Twitter sued Elon Musk over the billionaire’s attempt to walk away from his $44 billion takeover bid, seeking to force him to honor the terms of the deal.
The tech entrepreneur is seeking to terminate his deal to buy the social-media company, saying it hasn’t provided data he needs to assess the prevalence of fake accounts, according to a regulatory filing.