Following Nvidia’s second-quarter results, tech and chip-related stocks in Asia experienced a significant decline. Companies with direct ties to Nvidia, such as South Korean chipmakers SK Hynix and Samsung Electronics, were hit the hardest. SK Hynix, known for manufacturing high bandwidth memory chips for Nvidia, saw shares plummet by as much as 6.74%. Similarly, Samsung
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Elon Musk’s artificial intelligence startup, xAI, is under fire by environmental and health advocates in Memphis, Tennessee. They claim that the company has been contributing to the pollution problem in the area by using natural gas burning turbines at its new data center without obtaining the necessary permits. This has sparked concerns about the environmental
The artificial intelligence boom has brought about a surge in demand for powerful processors and the energy required to cool data centers. Sustainable Metal Cloud, a data center company, has seized this opportunity by introducing “sustainable AI factories” powered by its HyperCubes in Singapore and Australia. These HyperCubes house servers equipped with Nvidia processors submerged
Meta recently announced that it had blocked a “small cluster” of WhatsApp accounts associated with an Iranian hacking group targeting officials linked to President Joe Biden and former President Donald Trump. These accounts were believed to have originated from APT42, an Iranian state-sponsored cyber espionage actor. The group has a history of targeting activists, non-government
In response to the recent software update incident involving CrowdStrike that caused widespread disruptions in July, Microsoft has announced plans to host a cybersecurity conference in September. The conference aims to bring together industry leaders to discuss ways in which the cybersecurity sector can evolve and prevent similar issues in the future. The faulty CrowdStrike
Workday, the finance and human resources software maker, reported fiscal second-quarter results that exceeded analysts’ estimates. The company saw a 17% increase in revenue year over year, with subscription revenue growth also at 17%. Earnings per share came in at $1.75 adjusted, surpassing the expected $1.65. Net income increased to $132 million or 49 cents
Snowflake, a data cloud analytics company, reported its fiscal second-quarter 2025 earnings, which surpassed Wall Street’s estimates. However, despite beating expectations, the company experienced a deceleration in product revenue growth compared to previous quarters. The company reported $829.3 million in product revenue, reflecting a 30% increase year over year. While this growth is substantial, it
In response to the European Union’s decision to lower import duties on electric vehicle manufacturers, including Tesla, the Chinese government has expressed deep disappointment. The Ministry of Commerce spokesperson criticized the EU’s probe into China’s subsidies for the electric vehicle industry, stating that the conclusions were “pre-set” and promoted unfair competition. This has led Beijing
OpenAI recently announced a collaboration with Condé Nast, a well-known media company, to improve the accessibility of their content using artificial intelligence technologies. This partnership will allow OpenAI’s innovative products like ChatGPT and SearchGPT to showcase content from various Condé Nast publications, including Vogue, The New Yorker, Wired, and others. The goal is to provide
In a recent announcement, British fintech startup Revolut revealed that it had achieved a staggering valuation of $45 billion in a secondary share sale involving both existing and new investors. This valuation is a clear reflection of the company’s exceptional financial performance in recent quarters and the successful execution of its strategic objectives. The round