In a striking turnaround, Wise, the British digital payments platform, has reported a remarkable 55% increase in profits for the first half of its fiscal year 2025. This growth is attributed to a significant uptick in customer acquisition, with the company citing the expansion of its market share. The reported profit surged to £217.3 million,
Enterprise
As the 2023 U.S. elections approached, Google’s management found itself grappling with the complex interplay between employee expression and corporate governance. Recent reports indicate that Google has been actively moderating and removing discussions related to the elections within its internal communication platform, Memegen. This action reflects the company’s broader strategy to maintain a neutral workplace
The world of technology is witnessing a significant paradigm shift as leading professionals move across industry lines to adapt to emerging trends. Caitlin Kalinowski, the former head of Meta’s augmented reality (AR) initiative, has made a noteworthy transition to OpenAI, where she will spearhead efforts in robotics and consumer hardware. Her announcement on LinkedIn and
Amazon has long been at the forefront of logistical innovation, with its drone delivery service—dubbed Prime Air—often viewed as a potential revolution in how consumers receive goods. Recently, Amazon has made headlines by obtaining regulatory approval for its newest drone model, the MK30, an initiative that reignites interest and conversations surrounding the future of aerial
Affirm, an American financial technology company founded in 2012, recently made headlines with its significant move into the U.K. market, marking its first international expansion. This venture underscores a growing trend within the fintech sector—companies seeking to broaden their horizons beyond domestic borders. With existing operations primarily in the U.S. and Canada, Affirm’s foray into
Amazon has once again positioned itself in the spotlight of the financial world following a remarkable earnings report that surpassed analysts’ expectations. On a recent trading day, Amazon’s shares surged 6%, marking a significant turnaround and demonstrating investor confidence amid an increasingly competitive landscape. With a 32% increase in stock price year-to-date, the company’s performance
This past week has marked a pivotal moment for cloud computing companies as Google outshone its counterparts, a significant indicator that it is harnessing artificial intelligence for business growth. In a market where every data point is scrutinized, Google Cloud has demonstrated remarkable progress with an impressive 35% year-over-year revenue growth, totaling $11.35 billion in
As technology advances at a relentless pace, companies are continually reassessing their investment strategies to harness new opportunities that can lead to substantial returns. Amazon CEO Andy Jassy recently attempted to allay investor concerns regarding the company’s hefty investments in generative artificial intelligence (AI). During a conference call following the third-quarter earnings report, Jassy discussed
In a significant development within the Chinese smartphone market, Honor, the famed spinoff from Huawei, has secured financial backing from several prominent investors, signaling its readiness for an initial public offering (IPO). This move follows Honor’s departure from Huawei in late 2020, a strategic maneuver influenced by Huawei’s ongoing struggles due to stringent U.S. sanctions.
For nearly a decade, Ruth Porat served as the Chief Financial Officer (CFO) of Google and its parent company, Alphabet. Her move from Wall Street to Silicon Valley in 2015 was marked by a lucrative compensation package, signaling not just a personal career shift but also a strategic repositioning for one of the world’s most