latest news in companies

African Online Retailer Jumia Cuts Losses and Secures 50 Million Dollars in New Funding

African Online Retailer Jumia Cuts Losses and Secures 50 Million Dollars in New Funding

Lagos, Wednesday, 12 August 2026.
On August 12, 2026, e-commerce giant Jumia reported a 36% reduction in core losses for Q2 2026 and announced $50 million in new financing to drive profitability.

Leaked Microsoft Controller Reveals New Built-In Display and Repairability Features

Leaked Microsoft Controller Reveals New Built-In Display and Repairability Features

Redmond, Wednesday, 12 August 2026.
An unreleased Xbox Elite Series 3 prototype accidentally sold online shows Microsoft testing an integrated screen and user-repairable design, signaling major hardware strategy updates before year-end.

Super Micro Stock Surges Following Exceptional Profit Results

Super Micro Stock Surges Following Exceptional Profit Results

San Jose, Wednesday, 12 August 2026.
Super Micro Computer shares jumped in late trading after reporting fourth-quarter earnings of $1.70 per share, significantly outperforming Wall Street expectations of 92 cents per share.

Oracle and Quantinuum Team Up to Bring Quantum Computing to Cloud Platforms

Oracle and Quantinuum Team Up to Bring Quantum Computing to Cloud Platforms

Austin, Wednesday, 12 August 2026.
Oracle and Quantinuum have partnered to integrate the Helios quantum processor into Oracle Cloud Infrastructure, enabling ultra-efficient hybrid AI and quantum processing for enterprise customers.

How Smart Model Selection Cuts Enterprise Artificial Intelligence Costs by 47 Percent

How Smart Model Selection Cuts Enterprise Artificial Intelligence Costs by 47 Percent

Singapore, Wednesday, 12 August 2026.
Singapore’s AICC platform reduced enterprise artificial intelligence API costs by 47 percent, revealing that up to 80 percent of corporate tasks do not require expensive, top-tier models.

Beloved Kirkland Chocolate Chips Return to Costco Shelves After Two-Year Hiatus

Beloved Kirkland Chocolate Chips Return to Costco Shelves After Two-Year Hiatus

Issaquah, Wednesday, 12 August 2026.
After a two-year hiatus caused by surging cocoa prices, Costco has reintroduced Kirkland Signature chocolate chips, offering home bakers a key staple that undercuts national brand pricing.

SpaceX Strengthens Global Internet Network with Dual Coast Rocket Launches

SpaceX Strengthens Global Internet Network with Dual Coast Rocket Launches

Cape Canaveral, Wednesday, 12 August 2026.
SpaceX completed back-to-back rocket launches from Florida and California on August 11, pushing its active satellite constellation beyond 10,900 and intensifying competitive pressure on traditional telecommunications operators.

TrellisWare Demonstrates Advanced Radio Networks in Army Modernization Trial

TrellisWare Demonstrates Advanced Radio Networks in Army Modernization Trial

San Diego, Wednesday, 12 August 2026.
TrellisWare successfully networked over 1,100 battlefield radios during U.S. Army field tests, delivering high-speed communications across 800 nodes to advance military command system modernization.

CBD Pioneer Launches New Digital Platform to Expand Into Non-Hemp Wellness Products

CBD Pioneer Launches New Digital Platform to Expand Into Non-Hemp Wellness Products

San Diego, Wednesday, 12 August 2026.
CV Sciences has launched PlusHLTH.com, expanding beyond its traditional CBD line to offer non-cannabinoid supplements, including plant-based protein with creatine, targeting general health and healthy aging markets.

Famous Big Short Investor Bets Against Rapidly Growing AI Provider

Famous Big Short Investor Bets Against Rapidly Growing AI Provider

New York, Tuesday, 11 August 2026.
Famous investor Michael Burry has shorted Nebius Group despite its massive forty billion dollar order backlog, citing high financial risks from massive server investments before earnings.