China's tech sector may see fewer regulatory surprises — not zero, says S&P Global Ratings 24. May 2023 Technology (0) China's tech sector may see its worst days over, but it doesn't mean that regulations will be easing, said S&P Global Ratings in a report.
Europe and Israel are producing more startup 'mafias' than ever despite tech rout 24. May 2023 Finance, Technology (0) The development mimics the trend of startup "mafias" in the U.S., where companies like PayPal indirectly helped produce huge businesses like Tesla and Palantir.
Europe is producing more startup 'mafias' than ever despite tech rout 24. May 2023 Finance, Technology (0) The development mimics the trend of startup "mafias" in the U.S., where companies like PayPal indirectly helped produce huge businesses like Tesla and Palantir.
Goldman Sachs backs Japan's biggest taxi app with $1 billion valuation 24. May 2023 Finance, Technology (0) Goldman Sachs invested 10 billion Japanese yen ($72.1 million) into Go Inc.
Chinese Tesla rival shares dive 5% after it forecasts a plunge in car deliveries 24. May 2023 Finance, Technology (0) Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.
Top EU regulator defends mega $1.3 billion privacy fine on Meta: ‘I have to enforce the law’ 24. May 2023 Finance, Technology (0) A top European Union regulator defended a decision to hit Meta with a record-setting fine, saying she had to enforce the law based on existing rules.
Nvidia shares spike 26% on huge forecast beat driven by A.I. chip demand 24. May 2023 Finance, Technology (0) Nvidia is the top provider of advanced GPU chips for artificial intelligence.
Nvidia shares spike 25% on huge forecast beat driven by A.I. chip demand 24. May 2023 Finance, Technology (0) Nvidia is the top provider of advanced GPU chips for artificial intelligence.
Snowflake shares plunge 12% on guidance miss, acquisition of search startup Neeva 24. May 2023 Finance, Technology (0) Snowflake beat on the top and bottom lines for the fiscal first quarter, but it gave product revenue guidance that missed consensus estimates.
Alphabet CEO promises ‘AI pact,’ discussed concerns about pro-Kremlin propaganda in meeting with top EU officials 24. May 2023 Finance, Technology (0) The European Parliament earlier this month greenlighted rules for AI, including measures for generative AI tools like ChatGPT and Google's Bard chatbot.