Markets

Nvidia’s (NVDA.O) shares fell nearly 3.4% on Thursday, allowing Microsoft to reclaim the title of the world’s most valuable company. Nvidia, which had surpassed Microsoft’s (MSFT.O) market capitalization on Tuesday, is expected to lose around $91 billion from its last closing market value of $3.34 trillion, bringing it to approximately $131.88 billion. Microsoft’s market value …

Nvidia falls from top position as Microsoft takes the lead following a 3% decline Read More »

Nvidia (NVDA.O) clinched the title of world’s most valuable company on Tuesday, surpassing tech giant Microsoft (MSFT.O), as its high-performance processors take center stage in the race to dominate artificial intelligence technology.The chipmaker’s shares rose 3.5% to $135.58, pushing its market capitalization to $3.335 trillion. This milestone comes shortly after Nvidia overtook Apple (AAPL.O) to …

Nvidia surpasses Microsoft to become world’s most valuable company Read More »

India’s Financial Intelligence Unit (FIU) has fined Binance, the world’s largest crypto exchange, 188.2 million rupees ($2.25 million) for operating in the country in breach of local anti-money laundering regulations. India mandates that virtual digital asset service providers like crypto exchanges must register with the FIU as reporting entities and adhere to its anti-money laundering …

India’s financial regulator fines Binance crypto exchange $2.25 million Read More »

Google (GOOGL.O) has signed an agreement with NV Energy, an electric utility owned by Berkshire Hathaway, to power its Nevada data centers with geothermal energy, the company announced on Wednesday. The agreement, pending approval from state utility regulators, aims to boost the amount of carbon-free geothermal electricity supplied to the local power grid for Google’s …

Google teams up with Nevada utility to use geothermal energy for data centers Read More »

Information technology services provider Cognizant Technologies (CTSH.O) announced on Monday its agreement to acquire digital engineering firm Belcan for approximately $1.3 billion in cash and stock. This acquisition is poised to expand Cognizant’s presence in the aerospace, defense, space, and automotive sectors. Belcan, headquartered in Cincinnati and owned by private equity firm AE Industrial Partners …

Cognizant Set to Purchase Belcan in $1.3 Billion Deal Read More »

Autonomy founder Mike Lynch was acquitted of fraud on Thursday by a San Francisco jury, marking a significant victory for the entrepreneur entangled in legal battles since the controversial sale of his company to Hewlett-Packard (HP) for $11 billion in 2011. While the Autonomy acquisition initially ranked among the largest British tech transactions, it soured …

British technology innovator Mike Lynch cleared of charges in US fraud trial Read More »

AST SpaceMobile shares surged by over 70% on Wednesday, reaching their highest level since November 2022, following the announcement of a new partnership with Verizon Communications (VZ.N) for direct-to-cellular connectivity. The stock has witnessed a remarkable increase, more than quadrupling since the beginning of May and rising approximately 50% for the year. The collaboration, revealed …

AST SpaceMobile shares soar following announcement of partnership with Verizon Read More »

Banks and investment firms in the European Union must maintain boardroom accountability and adhere to legal obligations to protect customers when utilizing artificial intelligence (AI), the bloc’s securities watchdog declared in its inaugural statement on AI. On Thursday, the European Securities and Markets Authority (ESMA) outlined how financial firms in the 27-member bloc can integrate …

EU regulator states banks must assume complete responsibility when implementing AI Read More »

Sony (6758.T) views its anime streaming platform Crunchyroll as a significant driver of growth, according to the head of its motion pictures business, as the company aims to capitalize on the expanding global popularity of anime.“Crunchyroll is poised to be the primary catalyst for growth at SPE over the next few years,” stated Sony Pictures …

Sony anticipates that the streaming platform Crunchyroll will be a key driver of growth as anime continues to gain international popularity. Read More »