In a significant development for financial technology, Affirm, a U.S.-based buy now, pay later (BNPL) company, officially launched its services in the United Kingdom. This marks the first international venture for the company since its inception in 2012. With a customer base exceeding 50 million and a network of over 300,000 active merchants, including giants
Enterprise
In an unexpected turn of events, Amazon’s shares surged by 6% on Friday, driven by results that exceeded Wall Street’s projections. This leap brings the stock’s year-to-date gains to approximately 32%, marking a significant rebound for the tech giant. The stock’s performance saw it momentarily peak at $200.50, inching closer to its historic thresholds. Although
In the rapidly evolving landscape of cloud computing, tech giants are locked in fierce competition, each striving to carve out a lucrative share of the expanding market. This week, financial analysts have scrutinized the latest earnings reports from prominent players, notably Google, Amazon, and Microsoft, revealing intriguing developments in their respective cloud businesses. As of
In the wake of significant technological advancements, Amazon has shifted its strategic focus towards generative artificial intelligence (AI), a move spearheaded by its CEO, Andy Jassy. As the tech giant navigates an era defined by rapid AI adoption, the company is keen on calming investor anxieties regarding the sizable investments being funneled into this burgeoning
Recently, the Chinese smartphone manufacturer Honor made headlines by announcing a fresh influx of investments from several prominent investors, signaling its intentions to elevate its market standing ahead of an anticipated initial public offering (IPO). Among the new backers are China Telecom, a leader in the domestic telecommunications industry; CICC Capital; the venture capital firm
The recent transition in Alphabet’s financial leadership marks a significant moment for the tech giant. After nine years of guidance from Ruth Porat, who famously swapped the fast-paced world of Wall Street for the innovation-rich sphere of Silicon Valley, Anat Ashkenazi has stepped into the role of Chief Financial Officer (CFO). Her debut in the
In recent years, artificial intelligence (AI) has emerged as a transformative force across various sectors, paving the way for unprecedented efficiency and insights. However, this surge in demand for AI capabilities is accompanied by significant challenges, particularly concerning sustainability in data centers. A recent Goldman Sachs report foresees a staggering 160% increase in demand for
After a remarkable rally, Tesla’s stock has captured significant attention in the financial markets, particularly following its recent third-quarter earnings report. As the electric vehicle (EV) manufacturer saw a dramatic 22% jump in share price on the preceding Thursday, expectations soared. By Friday morning, shares were trading at $267.79, leading many investors and analysts to
In an ambitious move to solidify its foothold in the competitive landscape of autonomous ride-hailing services, Waymo has recently closed a significant funding round of $5.6 billion. This capital injection is key to expanding its robotaxi operations beyond its established markets of Los Angeles, San Francisco, and Phoenix. As part of Alphabet Inc., the parent
In a significant legal turn, Delta Air Lines has initiated a lawsuit against cybersecurity firm CrowdStrike, focusing on allegations of breach of contract and negligence. The lawsuit stems from a catastrophic software failure in July that led to widespread disruptions across Delta’s operations. As a result, the airline experienced a staggering 7,000 flight cancellations, wreaking