Snowflake, a data cloud analytics company, experienced a 13% drop in their shares following the release of their fiscal second-quarter 2025 earnings. While the revenue of $869 million exceeded analysts’ expectations, the deceleration in product revenue growth from past quarters raised concerns. The company reported $829.3 million in product revenue, marking a 30% increase year
Enterprise
The Chinese government recently criticized the European Union for imposing tariffs on electric vehicle imports. They believe that the EU’s investigation into China’s subsidies for the electric vehicle industry is biased and has led to unfair competition. The Ministry of Commerce spokesperson stated that Beijing will take all necessary measures to defend the legitimate rights
OpenAI recently announced a partnership with Condé Nast, allowing their artificial intelligence products to display content from various popular outlets such as Vogue, The New Yorker, GQ, and more. This collaboration aims to improve search features and provide reliable content sources for users. This collaboration between media outlets and AI startups like OpenAI has become
Revolut, a British fintech startup, has announced a significant milestone in its journey with a valuation of $45 billion in a recent secondary share sale. This valuation is a testament to the company’s strong financial performance in recent quarters and its successful execution of strategic objectives. The round was led by Coatue, D1 Capital Partners,
In recent years, there has been a concerning increase in the number of Americans falling victim to “pig butchering” scams. These schemes, named for the way fraudsters “fatten up” their victims with flattery and false promises, have become more sophisticated and widespread. Unlike traditional scams that rely on quick transactions, pig butchering scams involve a
In recent years, the definition of a “thought” has transcended philosophical musings and entered the realm of technical data collection through tracking brainwaves. This advancement has paved the way for the commodification of captured brain data, resulting in companies within the wearable consumer technologies space buying and selling this personal information with minimal protections for
In a recent announcement, Epic Systems revealed its plan to transition all of its customers to a new government-backed medical records exchange by the end of next year. This move is part of the company’s effort to support the Trusted Exchange Framework and Common Agreement (TEFCA), which aims to provide a secure platform for sharing
Recent research conducted by the Center for Countering Digital Hate (CCDH) has shed light on Instagram’s failure to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians as the 2024 election nears. This non-profit advocacy organization analyzed 560,000 comments on Instagram posts from five Republican and five Democratic women politicians
Recently, Prime Minister Keir Starmer’s Labour government has been under scrutiny following a series of anti-immigration protests and controversial comments made by Elon Musk on his platform X. These events have brought to light the importance of strengthening internet safety regulations in the UK to prevent the spread of misinformation, hate speech, and incitement to
Cisco, a well-known networking company, recently announced a significant cut of 7% of its global workforce. This decision comes in the wake of their quarterly results exceeding analysts’ expectations. While the company reported positive numbers, including adjusted earnings per share of 87 cents versus 85 cents expected, and revenue of $13.64 billion compared to $13.54