(Reuters) - Global mega tech companies' market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift their focus away from the AI sector. In the first half of 2024, investors pushed tech stocks higher on expectations that AI advancements would boost earnings. But the second-quarter...
South Korean authorities have arrested Kakao Corp founder Brian Kim over allegations of market manipulation, making the Internet entrepreneur the most prominent business figure in the country in years to wind up in jail. The Seoul Southern District Court made the decision to take the 58-year-old into custody, citing “concerns of evidence destruction and flight”. The...
WASHINGTON (Reuters) - CrowdStrike CEO George Kurtz apologized for a global tech failure that disrupted multiple industries on Friday, vowing to work with all of its customers as they work to get their operations back online. "We're deeply sorry for the impact that we've caused to customers, to travelers, to anyone affected by this, including our...
(Reuters) - Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies. The stock has slumped 13% and lost $430 billion in market capitalization since June 18, when it briefly became the world's most valuable...
(Reuters) -Nvidia cemented its status as the world's most valuable company after the semiconductor bellwether's shares gained 2.5% to hit another record on Thursday, as partners Dell and Super Micro Computer received server orders for Elon Musk's AI startup. Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add nearly $84 billion...
SpaceX chief executive officer Elon Musk pursued women working at the company for sex, including a former intern, the Wall Street Journal reported, citing affidavits signed by one of the women and other interviews. Former SpaceX executives told the Journal that company policies aren’t enforced with Musk, and that contributes to a culture of sexism and harassment. President Gwynne Shotwell...
(Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, Pitchbook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ETF whetted investor appetite. Funding was spread across 518 deals and rose by 40.3% from the...
(Reuters) - Salesforce is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported on Friday, citing people familiar with the matter. The price of the deal being discussed is below Informatica's current stock price of $38.48, which is a potential complication factor, the Journal said. Salesforce and Informatica did not immediately respond...
“Compose a message to customer service about a lost package”, “Can you rewrite this paragraph to make it more concise?”... It’s not always easy to know how to talk to ChatGPT. However researchers at the University of Southern California have found that conversational robots like ChatGPT perform much better when addressed politely. Abel Salinas and Fred...
TNG Digital Sdn Bhd (TNGD) will start charging a 1% conversion fee on overseas transactions made via its Touch ‘n Go ewallet platform from April 25 onwards, according to an update to its FAQ page. The new fee will be added to the daily exchange rate of the destination currency. As of time of writing, payments via...
