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The Latest Breaking News from OTC

Nvidia's Potential $250 Billion OpenAI Financing Deal Is Reviving a 1990s Tech Bubble Habit, Analyst Warns: 'Usually Don't End Well'

While the structure of Nvidia Corp.‘s (NASDAQ:NVDA) potential financing to help OpenAI lease a massive Ohio data center remains unclear, Seaport Research analyst Jay Goldberg expressed caution about such an arrangement.

Benzinga

Nvidia Reportedly Moves to Backstop $250 Billion in OpenAI Data Center Financing, Michael Burry Says, 'Around and Around We Go'

Over the weekend, ‘Big Short’ investor Michael Burry and tech commentator Ed Zitron voiced concerns after a report said Nvidia Corp (NASDAQ:NVDA) is considering backing billions of dollars in financing to support OpenAI’s massive AI infrastructure expansion.

Benzinga

Who is the Texans top cut candidate for 2025 offseason?

While some have mentioned an offensive lineman, the Houston Texans' top cut candidate resides on defense.

USA Today Sports Media Group

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Giants currently rank 31st in effective salary cap space

Following the initial free agency waves, the New York Giants currently rank 31st in effective salary cap space, according to Over the Cap.

USA Today Sports Media Group

Over The Cap finalizes comp pick projections, with good news for Saints

Over The Cap finalized their compensatory draft pick projections for 2024, with good news for the New Orleans Saints:

USA Today Sports Media Group

Broncos could save $48M in cap space with simple restructures

USA Today Sports Media Group

BacTech Environmental Provides Environmental Permitting Update on Tenguel Bioleaching Plant Progress

TORONTO, ON – TheNewswire - August 15, 2022 – BacTech Environmental Corporation (CSE:BAC), (OTC:BCCEF), (FSE:0BT1) ("BacTech" or the "Company"), a commercially proven environmental technology company delivering eco-friendly bioleaching and remediation solutions for precious metal and critical mineral recovery, is pleased to provide an environmental permitting progress report on its Tenguel,…

Benzinga

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Why China's JD Is Giving Rival Tech Giant Tencent An Additional $220M Stake

Chinese e-commerce giant JD.Com Inc (NASDAQ: JD) on Wednesday said that it renewed its strategic cooperation agreement with the tech and gaming giant Tencent Holdings (OTC: TCEHY) for a period of three years.

Benzinga

Tencent Targets Metaverse After Overseas Opportunities, EV To Drive Growth

Tencent Holding Ltd (OTC:TCEHY) acknowledged setting up a unit focused on exploring the space to tap multiple opportunities in extended reality (XR) technologies in the next 4-5 years, Reuters reports. Gaming chief Steven Ma disclosed that Tencent had set up an XR business line to combine hardware and software, betting on most…

Benzinga

InterDigital Registers 23% Revenue Growth In Q1 Reflecting Licensing Momentum, Recurring Revenue Base

InterDigital, Inc (NASDAQ:IDCC) reported first-quarter FY22 revenue growth of 23% year-on-year to $101.3 million, beating the consensus of $97.9 million. Recurring revenue rose 26.1% Y/Y to $99.1 million due to additional revenues from new patent license agreements and a new deal with Sharp Corp (OTC:SHCAY) signed in Q1 2022. Total patent royalties increased 26.1% Y/Y…

Benzinga

Alibaba Undergoes Aggressive Restructuring At Its Cloud Unit

Alibaba Group Holding Ltd (NYSE:BABA) owned Alibaba Cloud initiated a new round of organizational restructuring, the Pandaily reports. Alibaba Cloud China President Ren Geng resigned for undisclosed reasons. Geng looked to leave as early as 2021 but stayed back. Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides…

Benzinga

KPMG Says Woodside Investors To Benefit From $40B Merger With BHP Petroleum Arm: Reuters

According to an independent expert, Woodside Petroleum Ltd's (OTC: WOPEY) merger agreement with BHP Group Ltd's (NYSE: BHP) petroleum arm is in the best interest of its shareholders, valuing the c

Benzinga

MTN Hires JPMorgan To Advise On Fintech Arm Spin-off

JPMorgan Chase & Co (NYSE:JPM) advised Africa’s leading phone company MTN Group Ltd (OTC:MTNOY), on the planned spin-off of its financial technology business, Bloomberg reports. The fintech arm was worth $6 billion in 2021, Bloomberg noted. MTN looked to complete a carveout of the business by the end of the first half before seeking…

Benzinga

34 Public Companies That Made Time's 100 Most Influential For 2022: AMC, Disney, Ford And More

Time announced this week its annual 100 Most Influential Companies list. Here’s a look at the publicly traded companies that made the list.

Benzinga

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Benzinga

TSMC, Samsung Seek To Be Part Of $52B Chip production Boosting Plan

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) and Samsung Electronics Co Ltd (OTC:SSNLF) urged to participate in the $52 billion chip building federal program, Bloomberg reports. The world's top two contract chipmakers looked to spend billions of dollars building new cutting-edge plants in the U.S. TSMC argued that arbitrary favoritism based on the location of a company's…

Benzinga

Russia-Ukraine Crisis Could Further Jeopardize Ongoing Semiconductor Chip Crisis: CNBC

Russia’s war in Ukraine could hamper the production of neon, a critical gas in advanced semiconductor manufacturing, further aggravating the semiconductor chip crisis, CNBC reports. Neon is fundamental for the lasers in a chip production process known as lithography, very vital for Samsung Electronics Co Ltd (OTC:SSNLF), Intel Corp (NASDAQ:INTC), and Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM).…

Benzinga

TSMC Sees Demand Spike For Auto Chips Thanks To Tesla, Nvidia, Qualcomm, Intel

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) saw orders for automotive electronics chips accelerating at a faster-than-expected pace, Digi Times reports. TSMC's advanced technology leadership will likely attract an influx of AI chip orders for autonomous driving from vendors including NVIDIA Corp (NASDAQ:NVDA), Qualcomm Inc (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC), and Tesla Inc (NASDAQ:TSLA). TSMC commanded a more than 90% share of the 7/5nm…

Benzinga

A Fireside Chat with Evan Gappelberg - CEO of NexTech AR Solutions

OTC:NEXCF

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Benzinga

Eve, Global Crossing Airlines Sign LOI For Up To 200 eVTOL Aircraft

Eve UAM, LLC , an Embraer SA (NYSE:ERJ) company, signed a Letter of Intent with Global Crossing Airlines Group, Inc. (OTC:JETMF) for order of up to 200 of Eve's electric vertical take-off and landing aircraft (eVTOL). This potential sale is included in Eve's current order backlog of up to 1,785 eVTOLs. Delivers are expected to start…

Benzinga

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Benzinga

Cannabis Stock Movers For March 14, 2022

GAINERS: Leviathan Natural Prods (OTC:LVCNF) shares closed up 10.17% at $0.61

Benzinga

Alibaba Looks To Trim Work Force By Up To 20%

Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (OTC: TCEHY) are looking to mass layoffs,

Benzinga

JetBlue Converts 30 Airbus Aircraft Options To Firm Order; Accelerates E190 Retirement

JetBlue Airways Corp (NASDAQ:JBLU) exercises its option to add 30 additional Airbus SA (OTC:EADSY) A220-300 aircraft to its order book, bringing the total number of A220s in the airline's fleet and on order to 100. "We're already seeing benefits from the eight A220s we've added to the fleet, and we're very happy to have more…

Benzinga

India Bans 54 Chinese Apps Including That From Sea, Alibaba, NetEase, Tencent

India's Ministry of Electronics and Information Technology has banned 54 apps it says are of Chinese origin, including Sea Ltd (NYSE:SE) marquee game Free Fire, Bloomberg reports. The apps banned include those belonging to Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and NetEase Inc (NASDAQ:NTES), and are re-branded versions of apps already banned by India in 2020.…

Benzinga

Vision Marine Inks Joint Development Agreement With Weismann Marine

Vision Marine Technologies Inc (NASDAQ:VMAR) has signed a joint development agreement with Weismann Marine LLC to design and develop a lower unit assembly for its E-Motion 180 HP outboard propulsion system. The financial terms were not disclosed. The parties intend to design an operational prototype for a lower unit designated "MK5", which will…

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