SoftBank recently announced a significant turnaround in its Vision Fund, posting a gain of 724.3 billion Japanese yen ($4.6 billion) in the fiscal year ended March. This marks the first time since 2021 that the flagship tech investment arm has been in the black. The Vision Fund segment recorded a profit of 128.2 billion yen
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In a recent legal battle between Elon Musk’s X and Israel’s Bright Data, a federal judge in California dismissed a lawsuit filed by X against Bright Data. The lawsuit involved the scraping of public online data and the appropriate uses of such data. X, formerly Twitter, alleged that Bright Data “scrapes data from X” and
The climate activists in Germany have expressed their anger and frustration over Tesla’s plans to expand its Berlin-Brandenburg Gigafactory. The situation took a drastic turn on Friday when protesters attempted to break into the plant, prompting a response from local police to prevent unauthorized access. Dynamic Situation According to the Brandenburg police, the situation was
Semiconductor Manufacturing International Corporation (SMIC) recently warned of intense competition in the chip industry following its first-quarter profit missing expectations. SMIC acknowledged that competition in the industry has been increasingly fierce with pricing for commodity products following market trends. The company emphasized the importance of constructing quality technology platforms to stay competitive in mainland China,
A recent incident involving hackers gaining access to U.S. government officials’ emails has put Microsoft in the hot seat. A House committee is requesting Microsoft’s top lawyer, Brad Smith, to attend a hearing to discuss the exploits of the company’s software. This issue has raised concerns about cybersecurity practices and the responsibility of technology companies
In response to Masimo’s settlement offer, activist Politan Capital has proposed a different approach that involves adding two new directors to the company’s board. The activist, Quentin Koffey, emphasized the importance of having a majority of truly independent directors on the board. He suggested adding William Jellison, one of Politan’s nominees, to fill an upcoming
Reddit surprised investors with a 48% increase in revenue, reaching $243 million compared to the expected $212.8 million. However, the company reported a loss per share of $8.19, slightly lower than the anticipated $8.71 loss. Despite this, the growth in revenue shows promise for Reddit’s future financial performance. Reddit’s ad revenue saw a significant increase
In the United States, a significant amount of food goes to waste, with one-third of the total production ending up in landfills. This excess waste not only contributes to environmental issues such as climate change but also leads to unnecessary production, packaging, storage, and delivery requirements. A recent study highlighted in the journal Science revealed
The recent performance of Palantir Technologies, a defense tech firm specializing in big-data and artificial intelligence software, has left investors less than impressed. After the company reported weaker-than-expected guidance, its shares plummeted by around 7% in extended trading on Monday. Despite meeting earnings per share estimates of 8 cents, Palantir fell short in terms of
The recent news of Tesla’s progress towards launching its advanced driver-assistance feature in China has sparked excitement among investors. However, according to tech investor Mark Hawtin, the expectations surrounding Tesla’s Full Self Driving (FSD) service in China may be misleading. Hawtin pointed out that Tesla’s FSD does not offer full autonomous driving capabilities, despite the