Elon Musk, the visionary CEO of Tesla, recently sparked a debate within the tech community by proposing that Tesla invest $5 billion into his newest startup, xAI. Musk posed a question on social media platform X, asking whether Tesla should make this substantial investment in xAI, a company specializing in AI software products. This informal
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Wiz, the cloud security startup, has decided to decline a $23 billion acquisition offer from Google, despite it being the search giant’s largest-ever deal. Co-founder Assaf Rappaport announced this decision to employees, stating that the company will be pursuing an initial public offering (IPO) as initially planned. This move came as a surprise to many,
The technology services giant Capgemini predicts that by 2025, artificial intelligence-powered agents will be able to work together to solve tasks in a “multi-agent AI” system. This system will involve a collection of agents collaborating in a distributed manner to achieve common goals. Pascal Brier, Capgemini’s chief innovation officer, mentioned in a CNBC interview that
The recent global IT outage, blamed on a botched software update from cybersecurity company CrowdStrike, revealed just how interconnected and reliant our modern society has become on technology. With computer screens going blue worldwide, flights being grounded, hotel check-ins impossible, and freight deliveries stalled, the initial panic of a cyberterrorist attack turned out to be
In the realm of corporate enterprise IT, the frequency of large-scale attacks is on the rise. While companies invest significant resources in cyber defense to combat malicious hackers, a different type of threat is gaining traction – the single-point failure. This type of tech threat, often overshadowed by cyber attacks, stems from errors in specific
The cybersecurity firm CrowdStrike experienced a significant drop in its shares after a recent update caused a major outage that affected businesses worldwide. The shares of the company, known for its software that helps firms manage their IT security environments, plummeted by 15% in U.S. premarket trading. The CEO of CrowdStrike, George Kurtz, attributed the
Former President Donald Trump is set to headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is selling for a whopping $844,600 per person. This event, scheduled for July 27, will coincide with Trump’s expected keynote speech at the conference, the largest gathering of cryptocurrency enthusiasts in
The recent tech selloff on Wall Street has reverberated across Asia, particularly hitting chip stocks hard. Reports suggesting that the U.S. may be considering tighter export restrictions have sent shockwaves through the market, leading to a significant decline in shares of major chip companies in the region. Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest
Former U.S. President Donald Trump recently made controversial statements regarding Taiwan’s contribution to the United States for defense, suggesting that the country should pay for its protection. Trump’s comments came during an interview with Bloomberg Businessweek where he expressed his views on Taiwan’s role in the semiconductor industry and its significance in global chip production.
ASML, a crucial player in the semiconductor industry, recently reported second-quarter earnings and sales that surpassed analyst forecasts. The Dutch company’s net sales reached 6.24 billion euros, outperforming the expected 6.03 billion euros, while net profit amounted to 1.58 billion euros against the anticipated 1.43 billion euros. Despite a 9.5% decline in net sales and