Flex announced a $4.4 billion acquisition of EPC Power, a leader in high-performance power conversion technologies for data centers and energy storage. The deal, expected to close in Q4 2026, will integrate EPC Power into Flex's Cloud and Power Infrastructure segment, enhancing Flex's portfolio with advanced power solutions critical for AI infrastructure and grid modernization. EPC Power's technology addresses rising power demands and grid stability challenges amid AI growth, supporting faster, more resilient data center power delivery and stable grid operations. This acquisition strengthens U.S. manufacturing and innovation in power technology.
Tesla began offering rides in its new two-seat Cybercab in Austin, Texas, marking its first vehicle designed solely for autonomous driving without manual controls. The launch event was low-key, with no live footage or executive speeches, and the vehi...
RBC Capital Markets reaffirmed its 'outperform' rating on Oxford BioMedica, despite clinical trial pauses by partners Novartis and BMS. The broker views the trial halts as having limited financial impact, with only £10-16 million in annual clinical r...
Cheetah Mobile Inc., a China-based AI-focused IT company, will release its financial results for the second quarter of 2026 on September 11 before the U.S. market opens. The company will host a conference call for investors on the same day to discuss...
A Bitcoin wallet from the Satoshi era, dormant since 2011, moved 40 BTC worth about $3.09 million, showing a 2,571,899% gain. This move challenges a $293 billion class-action lawsuit in New York claiming dormant crypto is abandoned property. The tran...
Bitcoin surged past $80,000 following a 4.3% gain on Friday, extending a strong recovery that began in late August after a tough third quarter. Despite the rally, Fidelity warns the bear market might not be over, citing Bitcoin's historical four-year...
