Apple Is Developing AI Chips for Data Centers, Seeking Edge in Arms Race 

The company is leaning on its long history of chip development in the effort, code-named Project ACDC.

Amazon to Invest $9 Billion More in Singapore Cloud Infrastructure 

The tech giant's clouding-computing arm said the investment will be rolled out over the next four years in Singapore to meet growing demand for cloud technology and services.

ANZ's Profit Falls, Announces Share Buyback 

The Australian lender reported a 4% fall in interim profit, but boosted its dividend by almost 2.5% and announced a share buyback as its capital position remained strong.

Self-Driving Startup Wayve Raises More Than $1 Billion in Funding Led by SoftBank 

The U.K. startup raised more than $1.0 billion to accelerate its efforts to redefine autonomous driving via artificial intelligence.

Starliner Launch Delayed After Issue Identified With Rocket Valve 

Boeing spacecraft was due to take its inaugural crewed flight Monday, carrying NASA astronauts to the International Space Station.

BP Earnings Are on Tap. It's Betting Big on the Gulf of Mexico. 

The company is back to exploring for new oil wells, and some of its most aggressive exploration projects are in the Gulf.

Disney's Streaming Could Be All the Earnings Talk 

The entertainment company has said it expects its streaming division to become profitable by the fourth quarter of this fiscal year.

FAA Opens New Boeing Inquiry Over 787 Inspections 

The jet maker recently said its employees may have skipped some Dreamliner checks related to electrical safeguards.

UPS Finance Chief to Exit, Citing Focus on Health 

United Parcel Service said Chief Financial Officer Brian Newman would depart the company as he looks to focus on his health.

LIV Golf's New CMO Doesn't Come From Sports. He Comes From PepsiCo 

Adam Harter, a former ringleader of the Pepsi Super Bowl Halftime Show, is tasked with turning the Saudi-backed golf circuit from a controversial brand into a household favorite.

(END) Dow Jones Newswires

05-07-24 0115ET