In a recent and controversial move, Brazil’s federal supreme court justices voted unanimously to suspend the use of Elon Musk’s social network X across the nation. This decision came after the court ordered Musk and X to appoint a legal representative within 24 hours, or face the penalty of suspension. The court’s top justice, Alexandre
Enterprise
Alibaba, the e-commerce giant, has successfully completed a three-year regulatory “rectification” process imposed by China’s State Administration for Market Regulation (SAMR) following an antitrust fine in 2021. The SAMR stated that Alibaba has achieved “good results” in becoming compliant with antitrust regulations after being fined 18.23 billion yuan ($2.6 billion) due to monopolistic practices. The
Dell recently reported its quarterly results, exceeding expectations from Wall Street analysts. The company experienced an impressive 80% increase in server sales, leading to a rise of over 3% in the stock price during extended trading. The revenue for the fiscal second quarter amounted to $25.03 billion compared to the expected $24.53 billion. Additionally, the
The recent decline in tech and chip-related stocks in Asia was primarily due to Nvidia’s second-quarter results. This led to losses in various companies with direct connections to the U.S. tech giant, including SK Hynix and Samsung Electronics. SK Hynix’s shares fell by 6.74% as they manufacture high bandwidth memory chips for Nvidia, while Samsung
Elon Musk’s artificial intelligence startup, xAI, has recently come under fire for its environmental practices in setting up a new data center in Memphis, Tennessee. The company has been accused of using natural gas burning turbines without obtaining the necessary permits, leading to concerns about increased pollution in the area. This controversy raises questions about
The artificial intelligence boom has triggered a surge in demand for more powerful processors, as well as an increase in the energy required to maintain data centers at optimal temperatures. This growing demand poses a challenge for many data center operators who are struggling to keep up with the evolving technology landscape. However, data center
In a recent turn of events, Microsoft announced plans to host a cybersecurity conference in September that aims to address the aftermath of a faulty software update by CrowdStrike. This update resulted in widespread system crashes for millions of Windows computers in July, causing chaos across various sectors such as airlines, logistics, and healthcare. As
Meta recently announced that it has blocked a “small cluster” of WhatsApp accounts that were linked to an Iranian hacking group known as APT42. This group has been targeting officials associated with both President Joe Biden and former President Donald Trump. The bogus WhatsApp accounts were part of a larger scheme to exploit political and
Workday, the finance and human resources software maker, has proven its strong performance in the fiscal second quarter, as evident in its 12% surge in shares following results that surpassed analysts’ estimates. The company reported earnings per share of $1.75 adjusted, surpassing the expected $1.65, along with revenue of $2.085 billion, which exceeded the anticipated
Snowflake, a data cloud analytics company, experienced a significant drop in its share price by 13% following the release of its fiscal second-quarter 2025 earnings report. While the company managed to exceed Wall Street’s revenue expectations with $869 million in revenue, investors were concerned about the decelerating growth in product revenue compared to previous quarters.