Brazil’s telecommunications regulator, Anatel, has threatened sanctions against Elon Musk’s satellite internet company, Starlink. This threat comes amid a public confrontation between Musk and Brazilian authorities over the country’s decision to block his social media platform, X. The Supreme Court of Brazil ordered the nationwide suspension of X for failing to appoint a legal representative
Enterprise
The recent decision by Brazil’s federal supreme court to suspend the use of Elon Musk’s social network X nationwide has raised significant concerns and controversies. The unanimous vote by the panel of justices to uphold the suspension orders has sparked a debate on the limits of free speech and the power of the government to
Alibaba has recently completed a three-year regulatory “rectification” process after receiving an antitrust fine in 2021. China’s market regulator, the State Administration for Market Regulation (SAMR), announced on Friday that Alibaba has successfully become compliant with antitrust regulations. This news has resulted in a positive response from investors, with Alibaba’s shares rising more than 3%
Dell recently reported its quarterly results, showcasing remarkable financial performance that exceeded Wall Street expectations. The company experienced an 80% increase in server sales, which significantly contributed to its success. In terms of revenue, Dell reported $25.03 billion, surpassing the expected $24.53 billion. Additionally, the company’s earnings per share (EPS) stood at $1.89 adjusted, compared
The tech and chip-related stocks in Asia experienced a significant decline following Nvidia’s second-quarter results. Specifically, South Korean chipmakers such as SK Hynix and Samsung Electronics were heavily affected by the news. SK Hynix, a manufacturer of high bandwidth memory chips used in AI applications for Nvidia, saw its shares plummet by as much as
Elon Musk’s artificial intelligence startup, xAI, has come under fire from environmental and health advocates for allegedly contributing to the pollution problem in Memphis, Tennessee. The company is accused of using natural gas burning turbines at its new data center without obtaining the necessary permits. xAI recently announced the opening of the data center in
The rise of artificial intelligence has sparked a surge in demand for more powerful processors, as well as the energy required to keep data centers cool. This presents a unique opportunity for data center company Sustainable Metal Cloud, which has introduced the concept of “sustainable AI factories.” These factories, located in Singapore and Australia, are
In a recent incident involving a faulty CrowdStrike software update in July, millions of Windows computers crashed, causing chaos across various industries. Internet-connected systems experienced disruptions, airlines canceled flights, logistics companies faced delays, and hospitals had to reschedule medical appointments. Delta Air Lines alone reported a $550 million loss due to the fallout from the
Meta recently revealed that it had taken action to block a “small cluster” of WhatsApp accounts associated with an Iranian hacking group targeting officials connected to President Joe Biden and former President Donald Trump. This move comes in the wake of increased concerns about cybersecurity threats and potential foreign interference in political matters. The company
Workday, a finance and human resources software maker, impressed investors with its fiscal second-quarter results, causing its shares to surge by 12%. The company reported earnings per share of $1.75, beating analysts’ expectations of $1.65. Additionally, Workday’s revenue of $2.085 billion exceeded the $2.071 billion estimated by LSEG consensus. The company’s revenue grew by 17%
