The world’s largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than $1 billion “operational profit”, a 30% increase on the previous quarter.
Dell Technologies on Monday launched new generative artificial intelligence (GenAI) solutions in collaboration with Nvidia whose chips enable the technology behind OpenAI’s ChatGPT.
India’s Reliance Retail will launch a $200 laptop next month as the Mukesh Ambani-owned retailer looks to repeat the success of its low-cost cell phone.
On Friday, the messaging platform company formerly known as Twitter, erected an “X” logo on the roof of its Market Street headquarters, to the chagrin of neighbors who complained about intrusive lights.
Japan’s Panasonic Holdings posted a 42% rise in first quarter operating profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook.
Warner Bros Discovery said on Monday it would restructure its advertising sales division including the leadership team, as the entertainment major seeks to address a downturn in ad demand.
Software maker New Relic has agreed to be taken private by TPG and Francisco Partners in a $6.5 billion all-cash deal, the company said on Monday, sending its shares up 13.5%.
Chipmaker ON Semiconductor Corp on Monday forecast third-quarter revenue above market estimates, on optimism that strong demand from the automotive sector will offset broader weakness in the semiconductor industry.
A German data watchdog has been investigating OpenAI CEO Sam Altman’s Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data, the regulator’s president told Reuters.
A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say.
