Nvidia short sellers make $5 billion from three-day selloff, data shows

(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...

Nvidia solidifies position as world’s most valuable company

(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...

Elon Musk pursued women working at SpaceX for sex, report says

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...

Venture capital funding in crypto rises to $2.4 billion, Pitchbook says

(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...

Salesforce is in advanced talks to buy Informatica, WSJ reports

(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...

How you address ChatPT can affect your response

“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...

Touch ‘n Go ewallet to charge 1% conversion fee for overseas transactions starting April 25

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...

A school removed bathroom mirrors to keep students from making TikToks. Will it work?

Administrators at Southern Alamance Middle School in Graham, NC, recently removed bathroom mirrors after discovering students were spending copious amounts of classroom time in front of them creating TikTok videos. Some students were asking to use the bathroom five or more times a day and spending upwards of five minutes out of class during each excused...

Dutch watchdog fines Uber 10 million euros over privacy regulations infringement

AMSTERDAM (Reuters) -The Dutch data protection authority (DPA) on Wednesday fined Uber 10 million euros ($11 million) for infringement of privacy regulations regarding its drivers' personal data. The DPA found that Uber had not specified in its terms and conditions for how long it retained its drivers' personal data, or how it secured the data when...

Ripple’s XRP falls amid reports it was likely hacked – CoinDesk

(Reuters) - Cryptocurrency company Ripple's XRP token was down more than 5% on Wednesday amid speculation the network was likely hacked and drained of tokens worth $112.5 million, according to a CoinDesk report. Blockchain analyst ZachXBT claimed on social media platform X, formerly Twitter, that 213 million XRP tokens were stolen from one wallet, and laundered...