In a recent informal poll posted on social media platform X, Tesla CEO Elon Musk asked whether his company should invest $5 billion into his latest venture, xAI. This query came shortly after Tesla’s second-quarter earnings call, during which the company fell short of analysts’ expectations yet again. Following the earnings call, Tesla’s stock saw
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Wiz’s decision to walk away from Google’s $23 billion acquisition deal was motivated by concerns over antitrust issues and investor preferences. Co-founder Assaf Rappaport mentioned in a memo that the company would pursue an IPO and focus on achieving $1 billion in annual revenue, which were targets set before the acquisition talks. The rejection of
Artificial intelligence has been a significant area of technological advancement in recent years, with AI-powered agents making waves in various industries. According to a report by technology services giant Capgemini, AI agents are expected to collaborate and work together in a “multi-agent AI” system by 2025. This development marks a major shift in the capabilities
The recent global IT outage caused by a botched software update from CrowdStrike has shed light on the fragile nature of cybersecurity in the modern world. What initially seemed like a cyberterrorist attack turned out to be a content update gone wrong, resulting in widespread disruptions across various industries. This incident prompts a critical examination
The frequency of large-scale attacks on corporate enterprise IT is on the rise, but alongside these malicious attacks, a less talked about threat is gaining attention: the single-point failure. This type of tech threat results from errors in one part of a system that can lead to a technical disaster affecting industries, functions, and interconnected
Cybersecurity firm CrowdStrike experienced a significant drop in its shares after an update resulted in a major outage that impacted businesses globally. The company specializes in software designed to assist firms in managing their security in IT environments. The shares plummeted by 15% in U.S. premarket trading following the incident. CrowdStrike CEO George Kurtz addressed
Former President Donald Trump has recently announced his participation in a campaign fundraiser in Nashville, coinciding with the Bitcoin Conference. The event is set to take place on July 27, with the top ticket priced at a staggering $844,600 per person. This exclusive event will offer attendees a chance to engage with Trump in a
Recent reports of the U.S. considering tighter export restrictions have led to a tech selloff on Wall Street, causing a ripple effect in the Asian market. Chip stocks in Asia, particularly Taiwan Semiconductor Manufacturing Company (TSMC), saw a significant decline in share prices. The world’s largest chip supplier fell by as much as 4.3% in
Former U.S. President Donald Trump recently made waves with his comments on Taiwan, suggesting that the country should pay the U.S. for defense. In an interview with Bloomberg Businessweek, Trump stated that Taiwan “doesn’t give us anything” and likened the relationship to that of an insurance company. Implications for Taiwan’s Defense Trump’s assertion that Taiwan
ASML, a Dutch semiconductor company, recently reported second-quarter earnings and sales that exceeded expectations. With a focus on artificial intelligence chips, the demand for ASML’s semiconductor manufacturing equipment has been on the rise. Net sales for the quarter were recorded at 6.24 billion euros, surpassing the expected 6.03 billion euros. Similarly, net profit came in