Elon Musk, the CEO of Tesla, recently posted a poll on social media platforms asking whether his company should invest $5 billion into his newest startup, xAI. This informal poll was intended to gauge public sentiment and interest in such a significant investment. Musk specifically mentioned that board approval and shareholder votes would be necessary
Enterprise
The decision by Wiz to walk away from a $23 billion deal to be acquired by Google raises questions about the true motivation behind this move. While co-founder Assaf Rappaport cited antitrust and investor concerns, it is crucial to delve deeper into what these concerns actually entail. By choosing to pursue an initial public offering
Artificial intelligence-powered agents have the potential to revolutionize the way tasks are solved in the near future. According to a report by Capgemini, a technology services giant, multi-agent AI systems are expected to be fully functional by 2025. These systems will consist of a network of agents working collaboratively to tackle tasks in a distributed
In recent times, there has been a noticeable increase in large-scale attacks on corporate enterprise IT systems. While this trend is not surprising considering the ongoing battle against hackers, a new type of threat has emerged that often goes unnoticed – the single-point failure. These errors in specific parts of a system can lead to
On a day when computer screens across the world turned blue, chaos ensued. Flights were grounded, hotel check-ins were impossible, and freight deliveries came to a stand-still. The initial suspicion was a cyberterrorist attack, but the reality was much simpler: a botched software update from the cybersecurity company CrowdStrike. The domino effect of this single
CrowdStrike, a prominent cybersecurity firm, experienced a significant drop in its shares due to a major outage caused by an update issue. This incident not only affected CrowdStrike but also had ripple effects on businesses worldwide. Let’s delve deeper into the repercussions of the outage and its impact on cybersecurity stocks. The outage at CrowdStrike
Former President Donald Trump is set to headline a campaign fundraiser in Nashville, coinciding with the Bitcoin Conference. The event, scheduled for July 27th, offers varying ticket prices for attendees. The top-tier tickets, priced at $844,600 per person, include a seat at a roundtable with Trump, the Republican party’s largest joint fundraising committee, known as
The recent tech selloff on Wall Street has sent shockwaves through the chip stocks in Asia. Specifically, the world’s biggest chip supplier, Taiwan Semiconductor Manufacturing Company (TSMC), saw its shares fall by as much as 4.3% in Asia trade. This decline has led to a ripple effect on TSMC’s suppliers, with companies like Tokyo Electron
Former U.S. President Donald Trump recently made headlines with his comments on Taiwan and defense costs. In an interview with Bloomberg Businessweek, Trump stated that he believes Taiwan should pay the U.S. for defense, arguing that the country “doesn’t give us anything.” This controversial statement has sparked discussions about the relationship between the U.S., Taiwan,
ASML, a Dutch firm specializing in semiconductor manufacturing equipment, reported second-quarter earnings that exceeded expectations. This surge in profits can be attributed to the growing interest in artificial intelligence chips, which are driving up demand for ASML’s critical technology. Net sales for the quarter reached 6.24 billion euros, surpassing the 6.03 billion euros that was