Snowflake, a data cloud analytics company, managed to exceed Wall Street’s revenue estimates for the fiscal second quarter of 2025. However, the market reacted negatively to the news as shares dropped by 13%. While the $869 million revenue figure was higher than the expected $851 million, there was concern over decelerating product revenue growth. Product
Enterprise
The Chinese government has expressed its displeasure with the European Union’s decision to impose tariffs on electric vehicle imports. The Ministry of Commerce spokesperson criticized the EU for what they believe are unfair practices and pre-set conclusions regarding China’s subsidies for its electric vehicle industry. The spokesperson stated that China will take all necessary measures
OpenAI recently announced a collaboration with Condé Nast, through which the company’s AI products like ChatGPT and SearchGPT will now be able to showcase content from various prestigious publications such as Vogue, The New Yorker, GQ, and more. This partnership aims to make information search faster and more intuitive by combining conversational models with web
British fintech startup Revolut recently announced that it achieved an impressive valuation of $45 billion in a secondary share sale involving existing and new investors. This valuation demonstrates the company’s strong financial performance in recent quarters and its successful execution of strategic objectives. The round was led by Coatue, D1 Capital Partners, and existing investor
The rise of “pig butchering” scams is becoming a major concern for Americans, with fraudsters using flattery and false bonding to deceive their victims. This deceptive strategy has resulted in billions of dollars in stolen funds, particularly in the form of cryptocurrencies. These scams can take weeks or even months to pull off, making it
In recent years, the question of what constitutes a thought has shifted from being a purely philosophical debate to a technical one. Advancements in technology now allow us to track brainwaves and capture data on our thoughts. However, this breakthrough has also opened the door to the commodification of this data, with companies in the
Sending medical records between different hospitals, clinics, and healthcare organizations has always been a complex process. With information stored in various formats across multiple vendors, accessing relevant patient data can be a significant challenge for healthcare providers. In the United States alone, Epic Systems houses records for over 280 million individuals, indicating the widespread use
Cisco recently announced that they are cutting 7% of their global workforce, which equates to over 4,000 jobs. This move is part of a larger restructuring plan that aims to result in $1 billion in pretax charges to the company’s financial results. The goal of this plan is to allow Cisco to invest in key
The UK government, under Prime Minister Keir Starmer’s leadership, is contemplating the reinforcement of internet safety regulations in response to recent events. These events included misinformation leading to anti-immigration protests and controversial comments made by Elon Musk, the owner of X, reaching millions of people. Industry sources familiar with the matter disclosed to CNBC that
Research conducted by the Center for Countering Digital Hate has revealed that Instagram has failed to remove toxic comments aimed at Vice President Kamala Harris and other prominent female politicians on its platform as the 2024 election approaches. Despite efforts to monitor hate speech, the social media app has shown negligence in enforcing its policies
