IBM’s stock dropped by up to 6% in after-hours trading on Wednesday, following the release of its second-quarter earnings report. While the tech giant exceeded analysts’ expectations for both earnings and total revenue, a shortfall in software sales led to investor concern. The company reported adjusted earnings of $2.80 per share, outperforming the expected $2.64. […]
More than 95% of the world’s internet traffic — including financial transactions, government communications, emails, and streaming data — travels through a vast web of nearly one million miles of underwater cables. These unseen highways are the backbone of global connectivity and a critical enabler of today’s artificial intelligence revolution. Subsea cables have come a […]
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has clarified that meme coins, including the $TRUMP token, do not fall under the agency’s regulatory purview. This stance has significant implications for investors and the broader cryptocurrency market. SEC’s Position on Meme Coins In a recent interview, Commissioner Peirce emphasized that many meme coins, such […]
A group of six Senate Democrats has called on President Donald Trump to reverse his decision allowing U.S. chipmakers Nvidia and Advanced Micro Devices (AMD) to sell advanced AI semiconductors to China in exchange for 15% of revenue from those sales. The lawmakers — including Chuck Schumer, Mark Warner, Jack Reed, Jeanne Shaheen, Christopher Coons, […]
Citigroup is preparing to roll out its long-awaited crypto custody service by 2026, marking another step in Wall Street’s expanding embrace of digital assets. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the bank has been working on the custody solution for over two years and is now moving closer to market […]
Snowflake’s acquisition of Crunchy Data for approximately $250 million marks a strategic move to enhance its AI Data Cloud platform with enterprise-grade PostgreSQL capabilities. This acquisition underscores the growing importance of robust database solutions in the development and deployment of AI applications. Why Snowflake Acquired Crunchy Data Snowflake aims to bolster its offerings for customers […]
Bitcoin dipped below the $117,000 mark on Tuesday following a legislative setback in the U.S. House of Representatives, where several cryptocurrency-focused bills were blocked from advancing. According to Coin Metrics, the digital asset was last trading 2.8% lower at $116,516, retreating from an earlier high of $120,481.86. The decline followed a 196–223 vote, where a […]
Google has significantly reduced its management layers, trimming over one-third of managers who were overseeing small teams, as part of its broader push for efficiency and streamlined operations. Brian Welle, Vice President of People Analytics and Performance, shared in an all-hands meeting that the company now has 35% fewer managers with smaller reporting teams compared […]
Amazon is set to acquire Bee AI, a San Francisco-based startup known for its AI-powered wearable device, marking another strategic move by the tech giant to deepen its investments in generative artificial intelligence. Bee AI’s flagship product is a $49.99 wristband that resembles a smartwatch and comes equipped with built-in microphones and AI capabilities. The […]
In a rare and extraordinary move, the Dutch government has taken control of Nexperia, a Netherlands-based semiconductor company owned by China’s Wingtech Technology, to safeguard Europe’s access to critical chip supplies amid escalating global trade tensions. Nexperia is a key producer of high-volume semiconductors used across the automotive, consumer electronics, and industrial sectors, making it […]