The software and enterprise tech industry faced a challenging week as various companies reported shrinking deals or delayed transactions. Salesforce, one of the leading cloud software vendors, witnessed a significant drop in its shares, falling almost 20% after posting weaker-than-expected revenue and giving disappointing guidance. CEO Marc Benioff mentioned that the rapid growth experienced during
Enterprise
The recent report on Dell Technologies’ fiscal first-quarter results has caused quite a stir in the stock market. Shares of Dell fell by more than 16% after the company disclosed a lower-than-expected artificial intelligence server backlog and a potential decline in margins. Despite beating analysts’ expectations for the quarter, investors were not satisfied with the
In a shocking turn of events, shares of Salesforce plummeted 20% on Thursday morning, marking one of the worst trading days for the company in nearly 20 years. This significant drop comes just days after Salesforce reported fiscal first-quarter results that fell short of Wall Street’s expectations for the first time since 2006. Salesforce reported
The value-for-money positioning of PDD, along with the success of its Temu marketplace, has catapulted the company to the forefront of China’s e-commerce arena. Analysts have noted that PDD Holdings has become the most valuable company in the segment, surpassing even industry giant Alibaba Group. The surge in PDD’s shares, up 109% in the past
Jan Leike, a key safety researcher at OpenAI who recently left the organization, has announced that he is now part of the rival AI startup, Anthropic. This move comes shortly after his resignation from OpenAI and the disbanding of the superalignment group that he co-led. Despite the challenges of leaving his previous role, Leike expressed
Ryan Salame, a once highly respected figure in the cryptocurrency world, has recently been sentenced to a staggering 90 months in prison followed by three years of supervised release. This hefty sentence far surpasses the initial expectations of many, including the prosecution, who had suggested a milder punishment of five to seven years. Salame’s defense
The introduction of “AI Overviews” by Google in Google Search has sparked public criticism due to the inaccurate and nonsensical results it has been providing to user queries. The AI feature generates quick summaries of answers to search questions at the top of Google Search results. However, users have reported controversial responses from the AI
X CEO Linda Yaccarino recently found herself in the midst of a controversy with Australian online safety regulators after a faceoff regarding the sharing of videos depicting a violent incident. The Elon Musk-owned social media platform X was at the center of the storm when a court in Australia refused to extend a temporary order
Former board member Steve Westly has raised concerns about Elon Musk’s divided focus and its impact on Tesla. According to Westly, Musk’s involvement in various ventures is leading to a lack of focus on Tesla’s core business. This lack of focus, he argues, is contributing to Tesla falling behind its competitors in the electric vehicle
Nvidia, once known as a niche developer of 3D gaming hardware, has now become a major player in the technology industry. The company’s fiscal first-quarter earnings report is eagerly awaited, with Wall Street expecting an adjusted Earnings Per Share of $5.59 and revenue of $24.65 billion. Over the past two quarters, Nvidia has seen a