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EBay stock sinks after lackluster Q4 guidance, election distraction
31/10/2024

EBay stock sinks after lackluster Q4 guidance, election distraction

EBay reported better-than-expected earnings for the third quarter, but the results were overshadowed by a disappointing forecast for the current period.

Microsoft CFO says OpenAI investment will cut into profit this quarter
31/10/2024

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.

Oracle applies to join Epic and others in new federal medical record network
29/10/2024

Oracle applies to join Epic and others in new federal medical record network

Oracle announced Monday that it intends to join a federally-backed medical information exchange network called TEFCA

Microsoft says Google is running ‘shadow campaigns’ in Europe to influence regulators
29/10/2024

Microsoft says Google is running ‘shadow campaigns’ in Europe to influence regulators

Microsoft suggested Google has a pattern of funding organizations with the mission of discrediting the software company with regulators.

Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google
23/10/2024

Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced AI agents that can use a computer to complete complex tasks.

Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’ and can increase profitability
23/10/2024

Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’ and can increase profitability

Salesforce has become more profitable in the past few years, but one activist investor says there's more for the software company to do.

BlackRock’s ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street
19/10/2024

BlackRock’s ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street

Bitcoin ETF inflows surpass $2.1 billion in a week as bitcoin touches highest price level since July.

Crypto’s $130 million congressional election binge has candidates like Utah’s John Curtis poised for big wins
19/10/2024

Crypto’s $130 million congressional election binge has candidates like Utah’s John Curtis poised for big wins

In running to take Mitt Romney's Senate seat, Republican John Curtis has benefited by being a friend to the crypto industry.

Intel seeks billions for minority stake in Altera business, sources say
18/10/2024

Intel seeks billions for minority stake in Altera business, sources say

This move that would represent a sharp about face from its earlier public messaging about the larger company's prospects.

After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’
18/10/2024

After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’

Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants to meet before going public.

ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth
15/10/2024

ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth

American enterprise software giant ServiceNow and cloud computing startup CoreWeave plan to invest billions of dollars in their U.K. operations.

Nvidia closes at record as AI chipmaker’s market cap tops $3.4 trillion
15/10/2024

Nvidia closes at record as AI chipmaker’s market cap tops $3.4 trillion

Nvidia shares closed at an all-time high on Monday as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.

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