Chinese smartphone maker Honor is carving out its own path as it gears up for an initial public offering (IPO), following its separation from Huawei in late 2020. On Thursday, the company announced significant investments from a cadre of new backers, signaling a renewed confidence and commitment from the financial world. Key players such as
Enterprise
Ruth Porat’s tenure as Chief Financial Officer (CFO) of Google and its parent company, Alphabet, has set a high bar over her nine years of service. Her decision to leave a lucrative Wall Street career for the fast-paced environment of Silicon Valley in 2015 was marked by a substantial compensation package, reflecting the high stakes
The rapid advancement of artificial intelligence (AI) technologies is reshaping the landscape of data centers globally. As firms like Nvidia introduce more powerful chips, organizations are grappling with the delicate balance between performance and sustainability. According to research conducted by Goldman Sachs, the demand for data centers is projected to explode by a staggering 160%
Tesla’s stock has recently demonstrated a remarkable rebound, showcasing its resilience in the ever-volatile market of electric vehicles (EVs). On the heels of a sharp rally—the most pronounced since 2013—Tesla shares have gained significant traction. As of last Friday, the stock was poised for its highest close in over a year, reflecting investor confidence buoyed
Waymo, the autonomous driving division of Alphabet, has recently crossed a significant milestone by securing $5.6 billion in its Series C funding round. This infusion of capital is set to catalyze the expansion of its robotaxi services beyond its current operational hubs of Los Angeles, San Francisco, and Phoenix. With this funding, Waymo plans to
In an unprecedented move, Delta Air Lines has initiated legal action against cybersecurity firm CrowdStrike, citing severe negligence and breach of contract. The lawsuit follows a catastrophic software outage in July that disrupted Delta’s operations drastically, leading to the cancellation of 7,000 flights and a staggering loss of up to $380 million in revenue. Unlike
In recent developments within the tech industry, the compensation of executives, particularly in the realm of cybersecurity, has come under scrutiny. Microsoft CEO Satya Nadella’s pay package, which witnessed a significant increase to $79.1 million for the fiscal year ending in June 2023, illustrates the complexities of aligning leadership incentives with company security priorities. This
As investors eagerly await Tesla’s quarterly earnings report, a significant concern looms large: the intersection of politics and corporate management under Elon Musk. The CEO’s political pursuits and outspoken nature have sparked a flurry of investor inquiries, particularly regarding how these factors might influence the company’s performance and shareholder value. The questions raised reflect a
In a recent performance report, IBM has emerged with a mixed bag of results, prompting a noticeable drop in its stock price. The renowned technology giant experienced a 3% decline in shares during after-hours trading on Wednesday, reflecting disappointment among investors as its revenue figures fell short of Wall Street’s expectations for the third quarter
The story of 23andMe serves as a cautionary tale in the realm of biotechnology and entrepreneurship. Established in 2006, this genetic testing company aimed to democratize access to DNA analysis through its direct-to-consumer model, allowing individuals to uncover their ancestry and health-related genetic traits. A promising start saw it valued at a staggering $6 billion,