Dutch digital bank Bunq, known for its innovative approach to banking and focus on digital nomads, is hoping to secure a banking license from UK financial regulators in the near future. The CEO and founder, Ali Niknam, expressed optimism about the process, but also acknowledged the challenges that come with obtaining a license in a
Enterprise
Nvidia has once again set the bar high in the world of artificial intelligence with the unveiling of its latest AI chip architecture, dubbed “Rubin.” This comes just months after the announcement of the upcoming “Blackwell” model, which is still in production and set to be delivered to customers by the end of 2024. The
Recent reports from various software and enterprise tech companies have shed light on the challenges faced by the industry in recent times. Salesforce, for example, reported a significant drop in revenue which led to a plunge in its shares by almost 20%. The company’s CEO, Marc Benioff, attributed this decrease to the rush of companies
Dell Technologies, a renowned name in the tech industry, experienced a significant drop in its stock value, with shares plummeting by more than 16% in a single day. This decline came after the company’s announcement of lower-than-expected artificial intelligence server backlog and a projected decrease in margins. Despite reporting fiscal first-quarter results that surpassed analysts’
Salesforce, a cloud software vendor, experienced a significant drop in its stock price, plunging 20% in just one day. This downward spiral was triggered by the company’s first-quarter results, which failed to meet Wall Street’s revenue estimates for the first time in over a decade. The revenue for the period increased by 11% to $9.13
PDD has solidified its position as the most valuable company in China’s e-commerce segment, surpassing even the industry giant, Alibaba Group. The company’s strategic value-for-money positioning and the impressive growth of its Temu marketplace have been key factors in its success. Analysts attribute PDD’s surge in shares, which have more than doubled in the past
Jan Leike, a prominent safety researcher at OpenAI, made headlines earlier this month when he announced his resignation from the company and his subsequent move to rival AI startup Anthropic. Leike, who co-led OpenAI’s superalignment group focusing on long-term AI risks, expressed his enthusiasm for continuing the superalignment mission at Anthropic. This shift represents a
Former top lieutenant of FTX founder Sam Bankman-Fried, Ryan Salame, has been met with a harsh sentence of 90 months in prison, accompanied by three years of supervised release. The sentence, handed down by Judge Lewis Kaplan, was more severe than what prosecutors recommended but fell in line with the severity of the crimes committed.
X CEO Linda Yaccarino recently made comments criticizing Australia’s online safety regulators after a faceoff regarding the sharing of a video depicting a violent attack in a Sydney church. The incident involved a court order that requested X to hide posts containing footage of the attack, which highlighted a clash between the social media platform
Google recently introduced “AI Overviews” in Google Search, which aims to provide quick summaries of answers to search queries. However, since its debut, the AI feature has faced significant criticism due to inaccurate and nonsensical results. Users have expressed concerns over the lack of an opt-out option and the potential misinformation being spread through this