In a recent development, Spotify’s shares surged by 6% following reports that the company is planning to raise prices for its premium subscription service. The American music streaming giant intends to implement this price increase in multiple markets, including the United States. This marks the second time in a year that Spotify is revising its
Enterprise
Tesla has just released its first-quarter vehicle production and deliveries report for 2024. The key numbers from the report are as follows: – Total deliveries Q1 2024: 386,810 – Total production Q1 2024: 433,371 – Shares dropped 7% in premarket trading Although Tesla does not provide a detailed breakdown of sales by model, the report
Samsung is considering incorporating generative artificial intelligence technology into its voice assistant Bixby, according to a senior executive within the company. This move aims to make Samsung devices more appealing to users and to keep up with the advancements in AI technology. Bixby was launched in 2017 with the Samsung Galaxy S8 smartphone, offering various
AT&T recently made headlines for a data breach incident that occurred two weeks ago, resulting in the exposure of millions of customers’ data on the dark web. The company is currently conducting an investigation to get to the bottom of this security breach. The impact of this breach is significant, with 7.6 million current users
The market for electric vehicles (EVs) in Europe has seen a significant shift in recent years, with China-made electric vehicles making up more than a quarter of EV sales in the region this year. This marks an increase of over 5% from the previous year, according to a new policy analysis. The European Federation for
The Financial Conduct Authority (FCA) in Britain recently announced guidelines for financial services companies and social media influencers regarding the use of memes in promoting cryptocurrencies and other investments. The FCA emphasized that all marketing content, including memes, should be fair, clear, and free from misleading information. This move by the FCA aims to address
Andy Bechtolsheim, a prominent figure in the tech industry as the co-founder of Sun Microsystems and Arista Networks, recently reached a settlement with the SEC on insider trading charges. The settlement will cost him close to $1 million and will result in him being barred from serving as a public company officer or director for
Bitcoin made a significant jump at the start of the final week of March, reclaiming the $70,000 mark. The surge in price was notable, with the leading cryptocurrency climbing by approximately 7% to reach $70,617.68. Alongside Bitcoin, Ether also experienced a 7% increase, reaching $3,621.30. This upward trend was not limited to just the top
After a prolonged period of drought in the tech IPO market on Wall Street, this week marked a significant breakthrough with the market debuts of Reddit and Astera Labs. These two companies, although operating in different sectors of the technology industry, were the first prominent venture-backed tech firms to go public in the U.S. since
The Justice Department’s top antitrust official recently stated that Apple shareholders should push the company to “compete on the merits.” This call for fair competition comes in the wake of a lawsuit filed by the government against Apple for alleged anticompetitive practices. Jonathan Kanter emphasized on CNBC’s “Squawk Box” that competition based on merit is
The potential purchase of TikTok by Kevin O’Leary and his syndicate for a starting bid of $20 billion to $30 billion marks a significant valuation cut of up to 90% from the company’s last funding round. This drastic reduction in valuation raises questions about the true value of the platform and the implications for a
Elon Musk’s startup, Neuralink, made headlines once again with a groundbreaking live demonstration showcasing the potential of brain-computer interfaces (BCI) in the field of healthcare. The video released by the company featured Noland Arbaugh, a 29-year-old quadriplegic patient who became the first human to be implanted with Neuralink’s device. This innovative technology aims to provide
Saudi Arabia’s sovereign wealth fund is reportedly in talks with American venture capital firm Andreessen Horowitz to create a massive $40 billion fund dedicated to investing in artificial intelligence. This potential partnership marks a significant move towards diversifying Saudi Arabia’s economy, reducing its dependency on oil revenues. The Public Investment Fund (PIF) of Saudi Arabia,
Equinix, a prominent $80 billion data center provider, has recently come under fire from Hindenburg Research for allegedly misleading investors through questionable financial practices. According to the report, Equinix’s management has been accused of presenting an “AI pipe dream” to shareholders while manipulating key metrics to inflate profitability. This has raised concerns about the company’s