In a striking turn of events, Chinese artificial intelligence lab DeepSeek has emerged as a significant player in the global AI race, a development underscored by its recent unveiling at France’s Artificial Intelligence Action Summit. Tech magnates from industry titans have weighed in on the implications of DeepSeek’s advancements, suggesting a paradigm shift in the
Enterprise
Recent developments at an Amazon facility near Raleigh, North Carolina, have once again spotlighted the struggles of workers attempting to unionize in the face of formidable corporate opposition. On Saturday, workers at the RDU1 warehouse overwhelmingly rejected a unionization bid, with 2,447 votes against compared to only 829 in favor. The election, conducted by the
In the realm of digital media and technology, few stories have sparked as much controversy and discussion as that of Trump Media & Technology Group (TMTG). Recently, the company reported its earnings for 2024, shedding light on its financial performance and overall market positioning. The numbers revealed were a mix of disheartening losses and glimmers
Reddit recently disclosed its quarterly performance, and the immediate reaction from the market was not favorable, as shares dropped by 6% following a shortfall in user growth estimates. While the platform reported an impressive 39% increase in global daily active users from a year prior, reaching 101.7 million, it still fell short of Wall Street’s
On a notable Thursday evening, TikTok made its much-anticipated return to the Apple and Google app stores. This followed the app’s removal on January 18, prompted by the app’s suspension of services in the United States due to impending national security legislation. The anxiety surrounding TikTok’s ownership, which lies with the Chinese corporation ByteDance, has
In a noteworthy shift within the semiconductor landscape, Arm Holdings has announced a significant development in its business strategy that has resulted in a 6% increase in its share value. This surge followed a report indicating that Arm is in the process of creating its own proprietary chip, with Meta Platforms Inc. emerging as one
Digital remittance companies have been touted as the future of cross-border payments, offering cheaper and faster services to immigrants and expatriates worldwide. However, the recent layoffs at British fintech company Zepz have raised questions about the industry’s viability and strategic direction. While Zepz heralds its commitment to innovation and efficiency, the reality of job losses
In a shocking turn of events during the Super Bowl, rapper Ye—formerly known as Kanye West—drew negative attention to himself by promoting a t-shirt emblazoned with a swastika. The advertisement aired on Sunday, directing viewers to his website, Yeezy.com, where the garment was offered for the relatively low price of $20. This brazen act culminated
Affirm, a trailblazer in the buy now, pay later (BNPL) sector, is shifting gears by venturing into the debit card landscape. Founded by Max Levchin, Affirm made headlines with its original focus on credit, allowing consumers to make purchases and pay for them in installments. However, in a strategic shift aimed at broadening its market
Anduril Industries, the innovative defense technology startup founded by Palmer Luckey, has catapulted itself into the spotlight with a newly proposed capital raise that estimates the company’s valuation at an impressive $28 billion. This significant leap involves plans to amass up to $2.5 billion in fresh funding, effectively doubling the company’s worth since the previous