Dutch digital bank Bunq has set its sights on securing a banking license from U.K. financial regulators, marking a pivotal moment in its journey to expand its services beyond the European market. CEO and founder Ali Niknam is optimistic about the prospects of obtaining the license by the end of this year or early next
Enterprise
Nvidia, a leading technology company, recently announced its latest artificial intelligence chip architecture called “Rubin.” This new AI chip follows the previous model, “Blackwell,” which is still in production and expected to be released later this year. The rapid pace of advancement in AI chip technology highlights the competitive nature of the market and Nvidia’s
The enterprise tech industry is currently facing significant challenges, with several key players experiencing setbacks in recent weeks. Salesforce, Dell, Okta, and Veeva are just a few of the companies that have highlighted issues such as shrinking deals, delayed sales, and macroeconomic challenges. The impact of these challenges is evident in the sharp decline in
Dell Technologies experienced a significant drop in its share price by more than 16% following the release of its fiscal first-quarter results. While the company managed to surpass analysts’ expectations in terms of revenue, with $22.24 billion reported compared to the estimated $21.64 billion, the stock still plummeted in extended trading. The company provided a
The recent 20% drop in Salesforce’s stock value marks the worst trading day for the company in nearly two decades, since July 4, 2004. This significant decline came after the cloud software vendor reported fiscal first-quarter results that fell short of Wall Street’s revenue estimates for the first time since 2006. Salesforce’s revenue for the
PDD’s positioning as a value-for-money e-commerce platform in China has been key to its success in the market. The growth of its Temu marketplace has allowed the company to take the lead in China’s fiercely competitive e-commerce arena. Analysts have pointed out that PDD’s strategy of targeting price-conscious consumers has paid off, with the company
Jan Leike, a prominent safety researcher at OpenAI, made headlines earlier this month when he announced his departure from the company. Leike, who co-led the superalignment group at OpenAI, decided to resign just days before the team was dissolved. However, his journey did not end there, as he revealed on Tuesday that he has joined
Former top lieutenant of FTX founder Sam Bankman-Fried, Ryan Salame, has been handed a harsh sentence of 90 months in prison, accompanied by three years of supervised release. This decision came as a surprise, considering that prosecutors had only suggested a penalty of five to seven years. To make matters worse, Salame has also been
Australia’s online safety regulators clashed with X CEO Linda Yaccarino after a recent faceoff involving a temporary order blocking videos of a violent incident in Sydney. The incident involved Bishop Mar Mari Emmanuel being stabbed during a livestreamed sermon, which was widely circulated online and garnered hundreds of thousands of views. In response, Australia’s eSafety
The introduction of “AI Overviews” in Google Search has sparked intense public criticism due to the nonsensical and inaccurate results it has been producing. One major concern is the inability to opt out of these AI-generated summaries, leading to questionable information being presented to users. The feature aims to provide quick answers to search queries,
