Meta shares experienced a significant surge of 6% following the release of their second-quarter earnings report. The company managed to exceed the expectations set by Wall Street, leaving analysts pleasantly surprised. Meta disclosed that their revenue for the period had increased by 22%, reaching an impressive $39.07 billion, up from $32 billion in the previous
Enterprise
Microsoft’s connection with OpenAI has taken a new turn as the tech giant now views the artificial intelligence startup as a competitor. Although Microsoft has been a major investor in OpenAI, pouring billions into the company and offering exclusive cloud services, the latest annual report lists OpenAI alongside other tech giants like Amazon, Apple, Google,
In a groundbreaking announcement, Uber and BYD have unveiled a strategic partnership that could revolutionize the landscape of ride-hailing services. The collaboration will allow drivers on the Uber platform to access exclusive pricing and financing deals for BYD’s electric cars, marking a significant step towards a more sustainable and environmentally friendly transportation ecosystem. Despite the
Russia is on the brink of a significant change in its financial policies as it considers legalizing the use of cryptocurrency for international payments. The State Duma is set to discuss a new law that would enable international transactions using cryptocurrencies. This move comes in response to Western sanctions that have put immense pressure on
Apple made headlines recently when it announced that its artificial intelligence models in Apple Intelligence were pretrained on processors designed by Google. This move raised eyebrows in the tech industry as it signaled a shift away from Nvidia, a dominant player in the training of cutting-edge AI models. Apple’s decision to use Google’s Tensor Processing
The beginning of the final week of July saw a rise in cryptocurrencies as traders absorbed various political developments that occurred over the weekend. Bitcoin experienced a 2% increase, reaching a price of $69,640.00, while Ether rose by 3% to $3,382.15, according to data from Coin Metrics. This positive movement in cryptocurrency prices comes after
Former President Donald Trump recently made a surprising announcement at the biggest bitcoin conference of the year in Nashville. Despite high expectations, Trump’s proposal regarding a U.S. bitcoin strategic reserve fell short of what some crypto enthusiasts had anticipated. In this article, we will critically analyze Trump’s proposal and its potential implications. During his keynote
Former President Donald Trump made headlines by headlining the biggest bitcoin conference of the year in Nashville. This move comes as the race to capture the votes and campaign cash of America’s frontline fintech adopters is taking center stage in the 2024 presidential contest. Trump, who was previously critical of bitcoin and other cryptocurrencies during
SK Hynix, a leading memory chip manufacturer, recently announced its plans to invest 9.4 trillion Korean won ($6.8 billion) in building a new semiconductor manufacturing plant. The fabrication plant, also known as fab, will be located in South Korea’s Yongin Semiconductor Cluster, just south of the capital city, Seoul. This move aligns with the government’s
In the second quarter, Apple faced a significant setback in China as it was pushed out of the top five smartphone vendors list. This decline in rankings can be attributed to the intense competition from domestic brands, most notably Huawei. According to a report by Canalys, Apple’s market share in China dropped to 14% in