This past week has been a challenging one for the software and enterprise tech industry. Salesforce, a prominent cloud software vendor, experienced a significant setback with a nearly 20% drop in its shares. The company reported weaker-than-expected revenue and issued disappointing guidance. CEO Marc Benioff acknowledged that the growth seen during the Covid age was
Enterprise
The stock market saw a significant drop in Dell Technologies’ shares, by more than 16%, following the company’s disappointing lower-than-expected artificial intelligence server backlog and projected margin decline. Despite beating analysts’ first-quarter results expectations and providing optimistic guidance, investors were not impressed. Dell reported a first-quarter revenue of $22.24 billion, surpassing the analysts’ estimated $21.64
Salesforce, the cloud software vendor, experienced a major setback in the stock market as its shares plummeted by 20% on Thursday morning. This marked the worst trading day for the company in nearly two decades. The previous record was set back in July 2004 when shares dropped by 27% shortly after the company’s initial public
PDD’s strategic value-for-money positioning and the rapid growth of its Temu marketplace have catapulted the company to the forefront of China’s competitive e-commerce sector. Analysts have highlighted that these factors have been instrumental in establishing PDD as the most valuable company in the segment within the country. The recent first-quarter results released by PDD Holdings
Ryan Salame, once a prominent figure in the world of cryptocurrency and finance as the former co-CEO of FTX’s Bahamian subsidiary, has been handed a hefty sentence of 90 months, or seven and a half years, in prison. This sentencing comes as a result of his guilty plea to charges of conspiracy to make unlawful
Jan Leike, a prominent safety researcher at OpenAI, recently made headlines after announcing his resignation from the artificial intelligence company. This decision came shortly before the dissolution of the superalignment group that he co-led, a team dedicated to addressing long-term AI risks. Leike’s departure was followed by a statement from OpenAI co-founder Ilya Sutskever, who
Ever since Google introduced “AI Overviews” in Google Search, it has faced a wave of criticism due to the nonsensical and inaccurate results generated by the AI feature. This quick summary of answers to search questions displayed at the top of Google Search has caused quite a stir. For instance, queries like “How many Muslim
The recent clash between X CEO Linda Yaccarino and online safety regulators in Australia has sparked a heated debate over the boundaries of free speech versus the need for online safety. The incident in question involved a court ruling that a temporary order blocking videos of a violent attack at a Sydney church be lifted,
It seems that Tesla could be in trouble due to CEO Elon Musk’s divided focus. Former board member Steve Westly has raised concerns about Musk’s lack of laser-like focus on the electric vehicle company. According to Westly, Musk’s attention is spread thin across multiple ventures, such as SpaceX, X, Neuralink, and The Boring Company. This
Nvidia recently reported its fiscal first-quarter earnings, showcasing impressive results that exceeded Wall Street’s expectations. The chipmaker, known for its evolution from a niche developer of 3D gaming hardware to a key player in the technology industry, reported an adjusted Earnings Per Share of $5.59 and revenue of $24.65 billion. This growth can be attributed