Dutch digital bank Bunq has set its sights on obtaining a banking license from UK financial regulators, with hopes of achieving this milestone by the end of the year or early next year. CEO and founder Ali Niknam expressed optimism about the process, acknowledging the differences in regulatory requirements between the UK and other European
Enterprise
In a surprising move, Nvidia CEO Jensen Huang unveiled the company’s next generation of artificial intelligence chips, named “Rubin,” just months after the announcement of the “Blackwell” model. The announcement took place ahead of the COMPUTEX tech conference in Taipei, marking a significant advancement in AI chip technology by Nvidia. With the introduction of Rubin,
The past week has been a tumultuous one for the software and enterprise tech industry. With Salesforce executives revealing that deals are getting delayed, Dell experiencing shrinking margins, and Okta facing macroeconomic challenges, it was clear that the sector was in for a rough ride. Veeva’s CEO also highlighted the competition posed by generative artificial
Dell Technologies experienced a significant drop in share price, with shares falling more than 16% following the release of the company’s fiscal first-quarter results. Despite beating analysts’ expectations, investors were discouraged by Dell’s lower-than-expected artificial intelligence server backlog and the anticipated decline in margins. The stock market’s negative reaction to these news highlights the underlying
In response to the escalating demand for artificial intelligence and its impact on energy consumption, Singapore has unveiled a green data center roadmap. This initiative is geared towards supporting the digital economy’s growth while addressing the strain on energy resources caused by the surge in AI and computing requirements. Senior Minister of State for Communications
Pinduoduo (PDD) has emerged as a dominant player in China’s e-commerce landscape, beating out competitors such as Alibaba and JD.com. The company’s value-for-money positioning and the growth of its Temu marketplace have propelled it to the top spot in terms of market capitalization. With stellar first-quarter results and a surge in share value, PDD is
Ryan Salame, once a trusted lieutenant of FTX founder Sam Bankman-Fried, has been handed a harsh sentence of 90 months in prison, equating to seven and a half years behind bars, followed by three years of supervised release. These consequences are coupled with a hefty financial burden, as Salame has been ordered to forfeit more
Yaccarino, the CEO of a social media platform owned by Elon Musk, recently criticized Australia for its handling of a temporary order blocking videos of a violent incident in Sydney. She accused Australia of overreach in their attempt to regulate online content and argued that citizens should have access to information to make up their
Former Tesla board member, Steve Westly, raised concerns about Elon Musk’s divided focus and its impact on Tesla’s performance in the electric vehicle industry. Westly emphasized the importance of a CEO being laser-focused on their company’s operations, highlighting how Musk’s attention appears to be spread thin across various ventures such as SpaceX, X, Neuralink, and
Nvidia, a company once known for its niche development of 3D gaming hardware, has undergone a remarkable transformation in recent years. With the increasing demand for artificial intelligence chips from tech giants such as Google, Microsoft, Meta, Amazon, and OpenAI, Nvidia has positioned itself at the forefront of technological innovation. The company’s fiscal first-quarter earnings
The recent controversy surrounding actor Scarlett Johansson and OpenAI CEO Sam Altman has shed light on the importance of communication in business dealings. It is evident from Johansson’s statement that there was a lack of clear communication between her and Altman, leading to misconceptions and misunderstandings. Altman’s decision to use a voice similar to Johansson’s
Hims & Hers Health recently made headlines with the introduction of compounded GLP-1 weight loss injections, a new addition to their range of direct-to-consumer treatments. This move has caused the company’s shares to soar by 20% in early trading. While Hims & Hers already had a weight loss program in place, it did not include
The CEO and co-founder of Navan, Ariel Cohen, has been diligently preparing the company for an eventual initial public offering this year. With recent adjustments to the leadership structure and board of directors, Navan is showing signs of maturity and readiness for the public markets. Rich Liu, an expert in scaling companies from seed to
Elon Musk’s SpaceX has recently launched Starlink satellite internet services in Indonesia, marking a significant step towards improving internet connectivity in remote areas of the country. The inauguration event, held at a community health center in Bali, highlighted Musk’s excitement in bringing internet services to regions that have limited or no connectivity. This move by