Recently, a panel of Brazil’s federal supreme court justices unanimously voted to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision was made after the court’s top justice, Alexandre de Moraes, issued controversial suspension orders late Friday. The court’s decision also involved freezing the financial assets of another Musk-led business,
Enterprise
Alibaba has recently announced the completion of a three-year regulatory “rectification” process imposed on the company following an antitrust fine it received in 2021. This process was overseen by China’s State Administration for Market Regulation (SAMR) and aimed to ensure compliance with antitrust regulations. The fine, amounting to 18.23 billion yuan ($2.6 billion), was part
Dell recently reported their quarterly results, which exceeded Wall Street’s expectations. One of the key drivers behind this success was an impressive 80% increase in server sales. This surge in performance caused the stock to rise by more than 3% in extended trading. The fiscal second quarter results showcased a significant growth in revenue, with
The aftermath of Nvidia’s second-quarter results was felt across Asia, with tech and chip-related stocks taking a hit. Companies with close ties to Nvidia, such as South Korean chipmakers SK Hynix and Samsung Electronics, experienced the most significant losses. SK Hynix, known for producing high bandwidth memory chips utilized in AI applications for Nvidia, saw
Elon Musk’s artificial intelligence startup, xAI, has been under fire for its environmental impact in Memphis, Tennessee. The company’s decision to use natural gas burning turbines at its new data center without a permit has raised concerns among environmental and health advocates. The Southern Environmental Law Center has sent a letter to the Health Department
In recent years, the artificial intelligence boom has resulted in a surge in demand for powerful processors and the energy required to maintain data centers at optimal temperatures. As a result, data center companies are exploring innovative solutions to address these challenges. One such company making waves in the industry is Sustainable Metal Cloud, which
Meta made an announcement on Friday, revealing that it had taken action to block a “small cluster” of WhatsApp accounts associated with an Iranian hacking group. These accounts were reportedly targeting officials connected to both President Joe Biden and former President Donald Trump. The group in question, known as APT42, has been previously identified by
In July, a faulty software update from CrowdStrike caused chaos in the cybersecurity industry. Millions of Windows computers crashed, leading to widespread disruptions. Airlines had to cancel thousands of flights, logistics companies faced delivery delays, and hospitals had to postpone medical appointments. The fallout from the outage cost Delta Air Lines $550 million, prompting them
Workday, a popular finance and human resources software maker, experienced a significant boost in its shares by 12% following the release of its fiscal second-quarter results. The company managed to surpass analysts’ expectations, reporting an adjusted earnings per share of $1.75 compared to the expected $1.65. Similarly, Workday’s revenue also exceeded estimates, coming in at
Snowflake, the data cloud analytics company, reported revenue of $869 million for its fiscal second quarter of 2025, surpassing Wall Street’s estimates of $851 million. However, despite beating revenue expectations, the company experienced a deceleration in product revenue growth compared to previous quarters. Product revenue, which makes up a significant portion of Snowflake’s sales, increased