The Trump administration has appointed venture capitalist and podcaster David Sacks as the “White House A.I. & Crypto Czar,” in a move that signifies an increasing interest in technology policy from the political realm. This development, announced by President-elect Donald Trump via Truth Social, positions Sacks at the forefront of shaping the United States’ approach
Enterprise
The recent green light granted by Britain’s Competition and Markets Authority (CMA) for the merger of Vodafone and Three U.K. marks a pivotal moment in the telecommunications industry. This €15 billion (approximately $19 billion) consolidation effectively reduces the competitive framework from four to three major players, signifying a shift in market dynamics that warrants both
In a remarkable display of performance, Okta Inc. saw its stock price soar over 18% in after-hours trading following the release of its third-quarter earnings. The identity management firm surpassed analysts’ expectations with a reported adjusted earnings per share (EPS) of 67 cents, outpacing the 58 cents anticipated by LSEG. This financial rebound marks an
On a Tuesday that unfolded with notable volatility in global markets, major Asian semiconductor stocks outside China displayed remarkable resilience, rallying in the face of new U.S. export restrictions aimed at crippling China’s capacity to produce advanced chips. The upward trajectory of shares for the Taiwan Semiconductor Manufacturing Company (TSMC), a titan in the chip
Elon Musk, the CEO of Tesla, has found himself at the center of a significant legal dispute regarding a staggering $56 billion compensation package that he was awarded in 2018. This package was hailed as the largest executive compensation plan in U.S. history. However, in a recent ruling, a Delaware judge reaffirmed prior decisions deeming
On Wednesday, Bitcoin regained its footing, climbing back above the critical threshold of $95,000. Following a brief decline earlier in the week that saw its value dip from unprecedented highs, Bitcoin’s recovery signals both resilience and ongoing investor interest. The cryptocurrency closed the day at $95,886.00, marking a notable increase of approximately 5%. Similarly, Ether,
The legal confrontation between Elon Musk and OpenAI has escalated, raising significant questions about the future of artificial intelligence and corporate governance in tech. Initially founded with a mission to ensure that AI benefits all of humanity, OpenAI has undergone significant changes since its inception. Musk, a co-founder himself, now finds himself at odds with
November has proven to be a significant month for Bitcoin, with the cryptocurrency tracking to achieve one of its highest gains of the year. This uptick has been propelled largely by the political landscape, particularly the implications of former President Donald Trump’s recent election victory. According to data from Coin Metrics, Bitcoin is poised to
As Bitcoin’s value soars, recently crossing the threshold of $90,000, the allure of cryptocurrency has intensified, drawing in a surge of investors eager to participate in this lucrative market. However, with this increased interest comes heightened risks, particularly from cybercriminals who are keen to exploit the chaos and excitement surrounding such financial peaks. Eva Velasquez,
On Thursday, shares of leading semiconductor equipment companies saw a notable uptick, influenced by speculation regarding U.S. sanctions on China’s semiconductor sector. The fluctuating landscape of global technology has investors closely monitoring companies like ASML and Tokyo Electron, which experienced a rise of approximately 3.6% and over 6%, respectively. This market movement stems from a
