Following Meta’s second-quarter earnings report, the company’s shares experienced a significant 6% increase on Thursday. This surge was driven by their impressive financial results which surpassed the expectations of Wall Street analysts. Meta revealed that their revenue for the period had surged by 22% to $39.07 billion, exceeding the previous year’s figure of $32 billion.
Enterprise
In a surprising turn of events, Microsoft has listed OpenAI as a competitor in its latest annual report, adding the artificial intelligence startup to its roster of competitors which includes tech giants like Amazon, Apple, Google, and Meta. Despite being the biggest investor in OpenAI with a significant partnership as the exclusive cloud provider, Microsoft’s
In a groundbreaking announcement, Uber and BYD have joined forces to offer ride-hailing drivers special pricing and financing options for BYD’s electric cars. This strategic partnership is set to revolutionize the ride-hailing industry, starting in Europe and Latin America. Despite recent tariffs on Chinese-made electric cars, this collaboration aims to introduce “autonomous-capable vehicles” to Uber’s
In response to ongoing financial pressures from Western sanctions, Russia is contemplating legalizing the use of cryptocurrency for international payments. The State Duma, the lower house of the Russian Parliament, is set to deliberate on a law that would allow for international settlements through cryptocurrencies, as announced by Elvira Nabiullina, the governor of Russia’s central
In a recent announcement, Apple revealed that it has opted to utilize Google’s Tensor Processing Units (TPUs) for the training of its artificial intelligence models, shifting away from the dominance of Nvidia in the high-end AI training chip market. This move signifies a growing trend among tech giants to explore alternative options for AI training,
The cryptocurrency market saw a positive start to the final week of July, with Bitcoin rising by 2% to $69,640.00 and Ether increasing by 3% to $3,382.15, according to Coin Metrics. This boost in prices comes as investors are returning to the market following a week where Bitcoin gained 1% and Ether dropped 7%. Traders
Former President Donald Trump recently made headlines at the Bitcoin Conference in Nashville by pledging to maintain the current level of bitcoin holdings that the U.S. government has acquired, rather than establishing an official U.S. bitcoin strategic reserve currency. This decision marks a departure from the traditional approach of selling off seized assets from financial
Former President Donald Trump’s appearance as the main speaker at the biggest bitcoin conference in Nashville marks a significant shift in his stance towards cryptocurrencies. After previously dismissing bitcoin as a “scam” and expressing his preference for the dollar as the global currency, Trump is now actively engaging with the crypto community. This change in
SK Hynix recently announced its plan to invest 9.4 trillion Korean won ($6.8 billion) in building a new semiconductor manufacturing plant in South Korea. The fabrication plant, also known as a fab, will be located in South Korea’s Yongin Semiconductor Cluster. This area is situated just south of the country’s capital, Seoul, and is part
Apple, known for its innovative products and loyal customer base, has recently faced a setback in the Chinese smartphone market. According to a recent Canalys report, Apple has been edged out of the top five smartphone vendors’ list in China in the second quarter. This decline can be attributed to the increased competition from domestic