Nothing Has Changed About TikTok Use From National Security Perspective

[ad_1] WASHINGTON (Reuters) – Nothing has changed about TikTok use from a national security perspective, White House spokesperson John Kirby said on Monday after U.S. President Joe Biden’s reelection campaign launched an account on the short-form video platform to reach young voters. The campaign’s TikTok debut is notable given that U.S. officials are reviewing the…

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Palantir Shares Soar as Wall St Cheers Revenue Boost From AI Push

[ad_1] (Reuters) – Palantir Technologies shares surged 18.7% in premarket trading on Tuesday, as the data and analytics company’s strong fourth-quarter revenue growth led by increased demand for its AI offerings enthused investors. Revenue from Palantir’s commercial segment rose 32% year-over-year to $284 million in the reported quarter, helping the company post $608 million in…

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Microchip Technology Expects Dour Q4 Net Sales as Customers Deal With Excess Inventory

[ad_1] (Reuters) – Chipmaker Microchip Technology forecast fourth-quarter net sales below Wall Street estimates on Thursday, anticipating weak demand from customers as they clear excess inventory. Shares of the Chandler, Arizona-based company fell more than 3% in extended trading. Demand for auto chips has been slowing as customers are dealing with excess inventory, hitting chipmakers…

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