The legal saga surrounding Sam Bankman-Fried, the disgraced founder of FTX, took a surprising turn recently. Prosecutors have decided not to pursue a second trial against Bankman-Fried, citing the fact that much of the evidence had already been presented in his first criminal trial. This decision raises questions about the overall handling of the case
Enterprise
Apple, a tech giant that is renowned for its innovation and market dominance, faced significant challenges in 2023. Despite a rally in its stock, the company’s performance was overshadowed by its mega-cap tech peers. Apple experienced four consecutive quarters of declining revenue, marking its longest such slide since the dot-com bust of 2001. This downturn
In the not-so-distant past, Affirm faced a multitude of challenges that cast doubt on its future as a leading point-of-sale lender. Rising interest rates, recession fears, and weakening consumer spending dampened the company’s prospects. The result? A staggering 90% decline in Affirm’s shares in 2022, erasing billions of dollars in market value. Fast forward to
The personal computer (PC) market has experienced a significant slump in recent years, but industry analysts are predicting its revival in the near future. After a challenging period due to various factors, including macroeconomic headwinds and the shift in IT budgets, there is finally a glimmer of hope on the horizon. Analysts anticipate that the
MicroStrategy, a once little-known software company, has soared to new heights in recent years, defying expectations and capturing the attention of Wall Street. With its stock surging by 337% in 2023, it has become one of the biggest gainers in the U.S., outperforming tech giants like Nvidia and Meta. The key to its success? Bitcoin.
The generative AI market has seen tremendous growth in recent years, and investors have been quick to capitalize on its potential. Nvidia, with its high-performance processors, has emerged as the big winner in this boom, with its stock price skyrocketing by 234%. However, there are other players in the market that investors are keeping a
The rapid advancement of generative artificial intelligence (AI) is not only reshaping human life but also revolutionizing the gaming industry. Non-playable characters (NPCs), which populate virtual worlds in video games and typically rely on limited scripts, are now being targeted as one of the primary areas where AI can enhance gameplay and immersion. The recent
China’s sudden announcement of new regulations aimed at curbing excessive gaming and spending sent shockwaves through the financial markets. As a result, Tencent, NetEase, and Bilibili, some of the largest online gaming-related companies, collectively lost about $43.5 billion in market value on Friday. This unexpected move by China’s National Press and Publication Administration had a
Anthropic, a leading AI startup, is currently in discussions to secure a funding round worth $750 million, spearheaded by Menlo Ventures. This investment would position Anthropic at a staggering valuation of up to $18.4 billion, marking an incredible growth trajectory compared to its previous valuation of $4.1 billion earlier this year. The company, co-founded by
Artificial intelligence (AI) continues to revolutionize various industries, including intellectual property rights and patent law. However, the recent ruling by the U.K.’s highest court has highlighted a significant barrier for AI. In a decision that will have far-reaching implications for the future of AI tools, the court ruled that AI cannot be listed as an