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
Enterprise
Elon Musk’s artificial intelligence startup, xAI, has come under fire for its environmental impact in Memphis, Tennessee. The company has been accused of contributing to the pollution problem in the area by using natural gas burning turbines at its new data center without a permit. Despite its ambitious goals and groundbreaking technology, xAI is facing
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
Meta, formerly known as Facebook, announced on Friday that it had blocked a “small cluster” of WhatsApp accounts that were linked to an Iranian hacking group targeting officials associated with President Joe Biden and former President Donald Trump. This action by Meta comes at a time when the company is attracting increased public attention due
Cybersecurity has become a critical aspect of our technological world, especially in the wake of a faulty software update by CrowdStrike that caused chaos for millions of Windows users in July. The repercussions of this incident extended beyond just individual users, affecting airlines, logistics companies, and hospitals. As a result, Microsoft has taken the initiative
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
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.
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