SoftBank Group, a titan in the investment world, unveiled a surprising quarterly loss for the period ending December 31, 2023. This development has raised eyebrows and sparked discussions within financial circles and among investors. The company’s Vision Fund portfolio, critical for its growth strategy, was significantly impacted by declines in both public and private equity
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In an alarming turn of events, Shopify was compelled to take action against an online store promoted by rapper Ye, formerly known as Kanye West, that offered t-shirts emblazoned with a swastika. This development unfolded during the Super Bowl, a highly viewed event where Ye aired an ad encouraging viewers to visit his website, Yeezy.com.
Recent discussions have centered on the AI model released by Deepseek, a Chinese company that has caught the attention of industry leaders, including Demis Hassabis, the CEO of Google DeepMind. While Hassabis has praised Deepseek’s work as potentially the best to emerge from China, he cautions against overstating its significance in terms of scientific innovation.
The landscape of artificial intelligence (AI) is rapidly evolving, and the recent rise of DeepSeek is shaking the foundations of established giants like Nvidia. As the latest contender in the AI arena, DeepSeek has not only taken market shares by storm but also dramatically affected Nvidia’s market valuation, which experienced a staggering decline worth hundreds
On Thursday, Doximity’s shares surged by an impressive 21%, a testament to the company’s robust fiscal third-quarter results for 2025 that exceeded analysts’ expectations. Analysts following the company’s performance anticipated earnings of around 34 cents per share, but Doximity reported a substantial 37 cents. Such results not only reflect the company’s operational excellence but also
Alphabet Inc., the parent company of Google, recently witnessed a notable decline in its stock value, dropping more than 7% in early trading following its disappointing fourth-quarter revenue report. This decline raises significant concerns about the future trajectory of the tech giant, particularly in relation to its investment strategies in artificial intelligence (AI). While the
The automotive landscape, especially for electric vehicle (EV) manufacturers, is experiencing considerable upheaval as geopolitical tensions and market fluctuations converge. Recently, Tesla, the leading EV manufacturer, has faced a significant decline in its stock, plummeting approximately 5% on the stock market after President Donald Trump announced steeper tariffs on imported goods from various countries, including
The world of venture capital lost a defining figure when Dick Kramlich, co-founder of New Enterprise Associates (NEA), passed away at the age of 89. His unexpected departure on Saturday left many in the financial and tech sectors reflecting on a remarkable legacy that spanned nearly half a century. Kramlich’s daughter, Christina Kramlich, shared the
In the dynamic world of financial technology, few companies have garnered as much attention as GoCardless, particularly with its recent announcement regarding financial improvements and future profitability goals. The London-based startup, renowned for enabling businesses to seamlessly collect recurring payments like subscriptions, has reported significant progress by more than halving its losses in the fiscal
In recent months, Google has taken significant strides to adapt to the shifting landscape of the tech industry. Among these efforts, the company has announced voluntary buyouts for employees within its “Platforms and Devices” (P&D) unit, which is responsible for a wide array of products, including Android, Chrome, and Pixel devices. With over 25,000 full-time