Panasonic Holdings Corp. shares soared by 15%, the most since 2014, on bolstered investor hopes that a years-long restructuring will start paying off in the next fiscal year.

Baidu Inc. authorized a multi-year stock buyback program of as much as $5 billion and plans to issue its first dividend in 2026, establishing a major shareholder return plan.

Alphabet topped projections for quarterly revenue and outlined an ambitious capital spending plan, far surpassing predictions, leveraging its growth to build out the data centers and infrastructure needed to lead in the AI age. The Google parent said capital expenditures would reach as much as $185 billion this year, compared with the $119.5 billion analysts expected. The company’s fourth-quarter sales, excluding partner payouts, were $97.23 billion, surpassing the $95.2 billion expected on […]

There have been many AI-driven selloffs in the three years since ChatGPT burst into the mainstream. Nothing, though, quite rivals the rout rippling through stock and credit markets this week.

A rotation out of software stocks showed little signs of a retreat Wednesday as investors worried about business risks posed by better AI tools. Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods, joins Bloomberg Businessweek Daily to discuss, saying that while it's legitimate, broader AI fear "feeds on itself." Hunt also says that the "huge ecosystems" around software stocks can serve as a cushion for any worry. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Analog chipmaker SiTime Corp. has agreed to acquire Renesas Electronics Corp.’s timing unit in a cash-and-stock transaction valued at about $2.9 billion.

New data on China’s relentless energy installations underscore warnings from Elon Musk and Jensen Huang that the nation’s world-beating power network will deliver a major advantage over the US in the race to dominate artificial intelligence.

Australia’s online safety regulator blasted major technology companies including Meta Platforms Inc., Apple Inc. and Google for failing to stamp out child sexual exploitation and abuse on their services, even after repeated calls to address shortfalls.