Dutch digital bank Bunq is setting its sights on obtaining a banking license from U.K. financial regulators, as announced by the company’s CEO, Ali Niknam. Bunq had previously launched in the U.K. in 2019 but was compelled to exit the market in late 2020 due to Brexit. The regulatory changes post-Brexit required EU-based financial institutions
Enterprise
In a bold move to stay ahead in the competitive AI chip market, Nvidia revealed its latest artificial intelligence chips, introducing the new architecture called “Rubin.” This announcement comes just months after the previous model, “Blackwell,” was announced in March, showing Nvidia’s commitment to a rapid pace of advancement in the field of AI technology.
The recent week has been a challenging one for software and enterprise tech companies, with Salesforce, Dell, Okta, and Veeva all facing setbacks. Salesforce experienced a significant drop in shares by almost 20% after posting weaker-than-expected revenue and issuing disappointing guidance. Companies like MongoDB, SentinelOne, UiPath, and Veeva also pulled down their full-year revenue forecasts.
Investors were taken aback by the recent news of Dell Technologies’ lower-than-expected artificial intelligence server backlog, resulting in a significant drop of over 16% in the company’s share price. Despite Dell reporting better-than-expected fiscal first-quarter results, concerns about declining margins and operational challenges have overshadowed the positive news. Dell’s revenue for the first quarter came
Salesforce, a renowned cloud software vendor, experienced a significant setback in the stock market as its shares plummeted by 20% on Thursday morning. This decline marks one of the worst trading days for the company in nearly two decades. Interestingly, Salesforce’s previous record for the worst trading day dates back to July 4, 2004, when
PDD, also known as Pinduoduo, has managed to secure its position as the most valuable company in China’s e-commerce segment by leveraging its value-for-money positioning and the growth of its Temu marketplace. With a market-cap of about $208 billion, PDD has surpassed its competitor, Alibaba Group, whose market-cap stands at $196 billion. This significant achievement
Jan Leike, a prominent safety researcher at OpenAI, recently announced his resignation from the company to join rival AI startup Anthropic. This move came shortly after OpenAI dissolved the superalignment group that he co-led, which was focused on long-term AI risks. Leike’s departure, along with co-founder Ilya Sutskever’s, marks a significant shift in the AI
Ryan Salame, once a trusted confidante and top lieutenant of FTX founder Sam Bankman-Fried, has been handed a severe punishment by the legal system. A federal judge sentenced Salame to 90 months in prison, which amounts to seven and a half years behind bars. In addition to the lengthy prison term, Salame has also been
Ever since Google introduced “AI Overviews” in Google Search, users have been encountering a multitude of issues with the feature. The AI Overviews are designed to provide quick summaries of answers to search queries at the top of the search results page. However, these summaries have been generating nonsensical and inaccurate results, leading to public
Linda Yaccarino, the CEO of X, launched a scathing attack on Australia following a confrontation with online safety regulators. The incident occurred after X was taken to court over a temporary injunction blocking videos of a violent attack from being shared online. Yaccarino accused Australia of overreach in this matter and defended X’s actions, claiming