Enterprise

The conflict between Brazil and Elon Musk’s satellite internet firm Starlink has been escalating with the recent threat of sanctions from Brazil’s telecommunications regulator, Anatel. This comes as a result of a public confrontation between Musk and the country over the decision to block his social media company X. The situation began when Brazil’s supreme
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The recent decision by Brazil’s federal supreme court to suspend the use of Elon Musk’s social network X nationwide has sparked widespread debate and controversy. Justice Luiz Fux’s reservations regarding the court’s ability to penalize individuals or businesses using subterfuge to access X while it is blocked highlight the complex legal and ethical issues at
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Alibaba has recently completed a three-year regulatory “rectification” process mandated by China’s market regulator following an antitrust fine imposed in 2021. The State Administration for Market Regulation (SAMR) in China confirmed on Friday that Alibaba has successfully met the requirements to become compliant with antitrust regulations. This marks a significant milestone for the tech giant
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Dell recently announced their quarterly results which surpassed the expectations of Wall Street analysts. The company reported revenue of $25.03 billion, which exceeded the estimated $24.53 billion. Additionally, Dell’s earnings per share stood at $1.89, compared to the expected $1.71. The impressive financial performance was primarily driven by an 80% increase in server sales, with
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The tech and chip-related stocks in Asia experienced a significant decline on Thursday after U.S. chip darling Nvidia revealed its second-quarter results. This drop was particularly noticeable in companies closely associated with Nvidia, such as South Korean chipmakers SK Hynix and Samsung Electronics. SK Hynix, which produces high bandwidth memory chips for Nvidia, witnessed a
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The rise of artificial intelligence technology has created a surge in demand for more powerful processors and increased energy consumption to keep data centers cool. Sustainable Metal Cloud (SMC) has emerged as a key player in this space, offering innovative solutions to address these challenges. SMC operates “sustainable AI factories” in Singapore and Australia, utilizing
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Workday, a finance and human resources software maker, experienced a significant surge in its shares by 12% following the release of its fiscal second-quarter results. The company managed to exceed analysts’ expectations, reporting an adjusted earnings per share of $1.75 compared to the expected $1.65. Additionally, Workday’s revenue came in at $2.085 billion, beating the
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