Business News

Business

ServiceTitan's Successful US IPO: Raising $625 Million and Valuing at $6.30 Billion

ServiceTitan priced its U.S. IPO at $71 per share, raising about $624.8 million and valuing the company at $6.30 billion. The company plans to use the proceeds to increase capitali...

Business

Meta Platforms Apps Face Widespread Disruptions, Users Complain

Thousands of users experienced disruptions across Meta Platforms Inc.'s social media apps on Wednesday, including Instagram, WhatsApp, Facebook, Facebook Messenger, and Threads, ac...

Business

Adobe's Impressive Q4 Revenue Surges to $5.6 Billion, Driven by Strong Growth

Adobe Inc. reported a 11% increase in Q4 revenue to $5.61 billion, with net income rising 13% to $1.68 billion. The company also repurchased 4.6 million shares and set new FY24 rec...

Business

US Set to Tighten AI Chip Export Rules to Block China's Access

The US plans to tighten export rules on AI chips to block China's access through third-party countries, targeting high-bandwidth memory chips essential for AI model training.

Business

Kraken Crypto Exchange Fined $5.1 Million by Australian Regulators

Australia's federal court orders Kraken's local operator, Bit Trade, to pay an $8 million fine for unlawfully issuing a credit facility to over 1,100 customers, marking the first p...

Business

OpenAI Addresses Global ChatGPT Outage and Sora Issues

OpenAI apologizes for a global outage affecting ChatGPT, its API, and the Sora video generation model. The disruption coincided with ChatGPT's integration with Apple's Siri, raisin...

Business

Texas Plane Crash: Pilot Survives, Four Injured on Highway

A twin-engine propeller aircraft crashed onto a Texas highway, causing four injuries. Three individuals sustained non-life-threatening injuries, while one was taken to a hospital. ...

Business

Thailand's Consumer Confidence Rises: Stimulus Measures and Tourism Boost

Thai consumer confidence increased for the second month in November, driven by government economic measures and tourism. The consumer index rose to 56.9, reflecting growing economi...