In a surprising turn of events, a pair of tech investors and podcasters are making headlines by hosting a high-profile fundraiser for Donald Trump in San Francisco. This move comes as a stark contrast to the once-hostile attitude the tech industry held towards the former president. David Sacks, a well-known venture capitalist and part of
Enterprise
Ramp, one of the fastest-growing expense management companies in the market, has recently entered into the business travel sector through a strategic partnership with Booking Holdings’ Priceline. This move comes as an increasing number of corporate spend platforms are looking to expand their services and provide additional value to their customers. The new product, Ramp
Kneron, a startup specializing in artificial intelligence chips, has recently unveiled its latest products in an attempt to capitalize on the growing interest in AI applications among businesses. Their second-generation “edge GPT” server, named KNEO 330, is designed to cater to companies looking for an alternative to industry giants like Nvidia and AMD. The server
Cisco’s ThousandEyes internet monitoring unit has recently introduced new artificial intelligence-powered capabilities known as Digital Experience Assurance (DXA). This new AI technology aims to revolutionize the prediction and diagnosis of internet outages and disruptions, enabling customers of Cisco’s networking technology to automatically address network quality issues. This marks a significant shift from the traditional approach
Dutch digital bank Bunq is facing a tough challenge as it aims to secure a banking license from UK financial regulators. In an interview with CNBC, CEO and founder Ali Niknam expressed his hopes of obtaining the license by the end of the year or early next year. However, the uncertainty surrounding the UK’s regulatory
Nvidia recently introduced its latest generation of artificial intelligence chips, known as “Rubin,” during the COMPUTEX tech conference in Taipei. This new architecture follows the announcement of the upcoming “Blackwell” model just a few months prior in March. The rapid succession of these chip releases showcases Nvidia’s commitment to advancing AI technology at an accelerated
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
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