Technology business news on AI, semiconductors, software and Big Tech, and what it means for investors.
In a significant earnings announcement Thursday, Apple demonstrated strong financial performance for its third quarter, surpassing analyst expectations on both revenue and earnings per share. The tech giant reported revenue of $94.04 billion, considerably higher than the estimated $89.3 billion, while earnings per share reached $1.57, exceeding
The rapid integration of artificial intelligence into daily life has raised serious concerns about its impact on cognitive development, particularly among young people. The recent emergence of AI companions like Grok’s Ani, an AI-powered virtual girlfriend created by Elon Musk’s team, exemplifies the potential dangers of these
With AI pushing infrastructure to its limits, global tech giants are betting that Teramount’s optical connectivity platform will become the backbone of next-generation data centers.
Amazon founder Jeff Bezos has orchestrated a significant sell-off of his company’s shares, liquidating approximately $5.7 billion worth of stock since late June through a pre-arranged 10b5-1 trading plan. The substantial divestment comes amid speculation that the billionaire entrepreneur may be positioning himself for a
A California water utility recently detected over 6 million connection attempts from China-based IP addresses within a single week, highlighting ongoing concerns about Chinese cyber activities targeting U.S. critical infrastructure. The South Coast Water District (SCWD), which serves approximately 40,000 residents, 1,000 businesses, and 2 million
Intel surprised analysts with better-than-expected second quarter revenues, marking a potential turning point for the semiconductor giant that has struggled to keep pace with the AI revolution. The company reported Q2 revenue of $12.9 billion, representing a modest 0.2% year-over-year increase and significantly exceeding
The passage of significant stablecoin legislation in the Senate through the GENIUS Act, coupled with the House’s upcoming “Crypto Week,” represents a fundamental transformation in financial services. With a decisive 68-30 vote, lawmakers have established comprehensive federal oversight for stablecoins, encompassing crucial aspects like reserve requirements, issuer transparency,
In today’s digital landscape, those who dare to speak truth face unprecedented challenges and consequences. Society has evolved into an environment where inconvenient facts are met not with thoughtful consideration, but with mockery and dismissal. The bearers of uncomfortable truths find themselves targeted and marginalized, while those who maintain
Tech giant Microsoft revealed on Tuesday that Chinese state-sponsored hacking groups have been actively exploiting vulnerabilities in the company’s SharePoint collaboration software to launch widespread cyber attacks against various organizations. The company identified three distinct Chinese threat actors – Linen Typhoon, Violet Typhoon, and Storm-2603 – who have been
The Biden administration’s ambitious initiative to transition the United States Postal Service fleet to electric vehicles has encountered significant challenges, with recent reports revealing concerning inefficiencies and cost overruns. A New York Post investigation has uncovered that despite a massive $10 billion investment, only 250 electric mail trucks have
During a recent conversation with CNN’s Fareed Zakaria, Nvidia’s Chief Executive Officer Jensen Huang defended the importance of maintaining global access to American AI technology, including in markets where advanced chips are currently restricted. The discussion centered on the ongoing debate about providing high-tech AI components to
The emergence of artificial intelligence has sparked concerns about robotic threats, but the real danger may be more insidious than humanoid machines. This reality became clear through the experiences of one man who chose to resist medical mandates during the COVID-19 pandemic a decade ago. When everyone around him
