Snowflake, the data cloud analytics company, recently released its fiscal second-quarter 2025 earnings report which led to a significant drop in its stock price. The company reported $869 million in revenue, surpassing analysts’ expectations of $851 million. However, the main cause of concern for investors was the decelerating product revenue growth compared to previous quarters.
Enterprise
The recent dispute between China and the European Union regarding tariffs on electric vehicle imports has sparked tensions between the two economic powerhouses. The EU’s decision to lower import duties on electric vehicle manufacturers, including Tesla, has not been well-received by the Chinese government. Beijing believes that the EU’s probe into China’s subsidies for its
OpenAI, the Microsoft-backed artificial intelligence company, recently announced a partnership with Condé Nast that will allow its products to display content from various media outlets such as Vogue, The New Yorker, GQ, and others. This collaboration aims to enhance user experience by providing faster and more accurate information through OpenAI’s products like ChatGPT and SearchGPT.
In a recent secondary share sale, British fintech startup Revolut announced that it had achieved a staggering valuation of $45 billion. This significant milestone was reached through a successful round led by Coatue, D1 Capital Partners, and existing investor Tiger Global. The company attributes this impressive valuation to its strong financial performance in recent quarters
In recent years, a disturbing trend known as “pig butchering” scams has been on the rise, leaving thousands of Americans devastated after falling victim to elaborate schemes. These scams earn their name from the deceptive tactics used by fraudsters to flatter and manipulate their victims, ultimately leading to significant financial losses. The consequences of pig
As advancements in technology continue to push the boundaries of what was once thought possible, the issue of consumer brain data privacy has emerged as a topic of significant concern. With companies now able to capture and interpret brainwaves through wearable consumer technologies, the need for robust privacy protections has become increasingly urgent. Colorado recently
The exchange of medical records among different hospitals, clinics, and healthcare organizations has always been a complex process. The information is stored in various formats by different vendors, making it challenging for healthcare providers to access all the necessary data about their patients. Epic Systems, a major player in the healthcare software industry, holds records
Cisco made headlines in extended trading when they announced a 7% reduction in their global workforce and revealed quarterly results that surpassed analysts’ expectations. The key numbers from the report include earnings of 87 cents per share (adjusted), higher than the anticipated 85 cents per share, and revenue of $13.64 billion, exceeding the projected $13.54
The recent incidents of misinformation leading to anti-immigration protests and violent outbreaks in the UK have highlighted the inadequacy of the existing Online Safety Act. The legislation, which aims to hold tech giants accountable for preventing the spread of harmful content on their platforms, is being called into question for not being stringent enough. In
In a recent report by the Center for Countering Digital Hate (CCDH), Instagram has been called out for its failure to remove toxic comments directed at Vice President Kamala Harris and other prominent female politicians. As the 2024 election approaches, the non-profit organization has been monitoring large internet platforms to ensure they are effectively monitoring