Airwallex, which was most recently valued at $5.6 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates. Jose Sarmento | Bloomberg | Getty Images Tencent-backed payments startup Airwallex has reached an annual revenue run rate of $500 million and will look to get ready for an initial
Technology
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: “Civil war is inevitable.” Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty Images LONDON — Prime Minister Keir Starmer’s Labour government is considering ways
In this article 9984.T-JP AMD QCOM NVDA 2330-TW SMSD-GB Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images Intel has sold its 1.18 million share stake in British chip firm Arm Holdings,
Jaque Silva | SOPA Images | Lightrocket | Getty Images The judge overseeing X’s lawsuit against advertisers has recused himself following a news report that showed he owned shares of Tesla. In a recusal notice dated Aug. 13, U.S. District Judge Reed O’Connor in Texas backed out of X’s case against the World Federation of
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge. Countries like Taiwan with TSMC, the world’s largest and most advanced semiconductor manufacturer, began to dominate in the production of chips. The U.S. is key in areas like design.
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images The European Commission on Monday warned X Corp. owner Elon Musk and CEO Linda Yaccarino that the company may
In this article MSFT MRNA EL AAPL GOOGL AMZN META Follow your favorite stocksCREATE FREE ACCOUNT OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. Altman and Brockman are still at OpenAI, serving as CEO and president,
CEO Youtube Susan Wojcicki speaks during the ‘What Matters Next’ session during the Cannes Lions Festival 2018 on June 19, 2018 in Cannes, France. Francois G. Durand | Getty Images Entertainment | Getty Images Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk and Robyn Denholm Tim Rue | Bloomberg | Getty Images; Telstra Sen. Elizabeth Warren, D-Mass., is asking the Tesla board if it’s looked into CEO Elon Musk’s use of company resources to benefit his other ventures, including SpaceX and xAI. “Tesla’s Board of Directors
Venezuela’s President Nicolas Maduro addresses the media during an event to sign an agreement to recognize the electoral results of the presidential elections of July 28, at the National Electoral Council, in Caracas, Venezuela, June 20, 2024. Miraflores Palace | Via Reuters Contested Venezuelan President Nicolas Maduro ordered a 10-day ban on social networking platform
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at
Elon Musk attends the “Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk” session during the Cannes Lions International Festival Of Creativity 2024 – Day Three in Cannes, France, on June 19, 2024. Marc Piasecki | Getty Images A global advertising group has suspended the operations of a unit focused on
An 1:2 scale model of the Anduril Fury, a multi-mission group 5 autonomous air vehicle (AAV), at Anduril’s headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty Images Defense start-up Anduril Industries announced Wednesday that it raised $1.5 billion in funding for its Series F round, valuing the
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Omer Taha Cetin | Anadolu | Getty Images Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000. The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising above the $55,000
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Jaque Silva | SOPA Images | Lightrocket | Getty Images Apple could charge its users up to $20 for its advanced artificial intelligence features, analysts told CNBC, as the company looks to boost the growth of its lucrative services business. The Cupertino giant plans to
In this article SHOP-CA Follow your favorite stocksCREATE FREE ACCOUNT The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto. Lance Mcmillan | Toronto Star | Getty Images Shares of Shopify popped as much as 22% in early trading on Wednesday after the Canadian e-commerce company topped expectations for the
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters European drugstore giant Rossmann announced Tuesday it will no longer buy Tesla‘s electric vehicles for
In this article IBM CRWD MSFT DAL Follow your favorite stocksCREATE FREE ACCOUNT Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software
The ChatGPT chat screen on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, March 9, 2023. ChatGPT has made writing computer code and cheating on homework easier. Soon, it could make email scams a cinch. That’s the warning from Darktrace Plc, the British cybersecurity firm. Gabby Jones | Bloomberg |
In this article TSLA MSFT GOOGL AAPL AMZN NVDA META Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024. Michael M. Santiago | Getty Images As U.S. markets opened for trading on Monday, tech’s mega-cap companies lost about $1 trillion
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