Michael Saylor’s recent announcement of MicroStrategy purchasing an additional 12,000 bitcoins for $822 million has caused a surge in MicroStrategy’s stock value. Saylor’s continuous endorsement of Bitcoin has a direct impact on the company’s performance in the market. His statements regarding Bitcoin’s potential and the company’s strategic investments have been driving up MicroStrategy’s stock value.
Enterprise
The United States is intensifying its efforts to counter competition from China, with plans to impose further restrictions in various sectors. According to Steven Okun, founder and CEO of consultancy APAC Advisors, the process of “decoupling” from China is gaining momentum. The key question at this juncture is the extent and breadth of these upcoming
OpenAI, the AI research lab, has found itself embroiled in a legal battle with Tesla CEO Elon Musk over the commercialization of its ChatGPT chatbot and AI models. In addition to Musk’s lawsuit, OpenAI is also facing cases of copyright infringement from the New York Times and other authors, making it a challenging time for
Former U.S. President Donald Trump has raised concerns about the potential ban of the Chinese-owned social media app TikTok in the United States. He believes that banning TikTok would only serve to increase the power of Meta’s Facebook platform. In an interview on CNBC’s “Squawk Box,” Trump expressed his opinion that Facebook is “an enemy
Walmart is making bold moves in the realm of online shopping by leveraging generative AI to revolutionize the search experience for its customers. No longer just a retail giant, Walmart is positioning itself as a tech innovator in the industry. By providing a seamless, solution-oriented search experience through its app, Walmart aims to become a
In a significant development, a group of approximately 600 software testers at Activision recently established the largest union in the U.S. video game industry. This momentous occasion marks a turning point for labor relations within the industry, setting a new precedent for worker empowerment and collective bargaining. The union, known as Activision Quality Assurance United-CWA,
The Sony PlayStation has undoubtedly made a significant impact on the video game industry since its inception three decades ago. Jim Ryan, the president and CEO of Sony Interactive Entertainment, played a pivotal role in shaping the success of the PlayStation. His leadership began in 1994, coinciding with the release of the PlayStation in Japan,
UnitedHealth Group recently announced that it expects to have Change Healthcare’s systems fully restored by mid-March following a ransomware attack. The cyber threat actor breached part of Change Healthcare’s information technology network on February 21st, prompting UnitedHealth to isolate and disconnect the impacted systems immediately upon detection. This disruption caused interruptions to pharmacy services, payment
Recently, House Democrats Robert Garcia and Jamie Raskin wrote a letter to SpaceX urging transparency from the company. This demand comes in light of reports claiming that Russia may be illegally using Starlink satellite internet equipment in occupied territories of Ukraine. The congressmen have also launched a probe into SpaceX to investigate the company’s safeguards
The tech sector in Asia-Pacific has been experiencing growth despite the challenges faced by other industries due to global macro uncertainty. JPMorgan’s chief economist, Bruce Kasman, highlighted the recovery of the tech sector in the region, particularly in China and North Asia, attributing it to the semiconductor boom. This growth comes after a slowdown in