In a significant turn of events, shares of Arm Holdings experienced a notable surge of 6% following a report detailing the company’s venture into developing its own chips. Securing Meta as an early customer underscores Arm’s ambitious expansion into a territory traditionally dominated by its clientele. The report from the Financial Times accentuates Arm’s shift
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In a significant turn of events, TikTok has made its return to both the Apple App Store and Google Play following a brief but tumultuous absence. This comeback comes after the app was removed due to concerns related to national security, specifically tied to its Chinese ownership under ByteDance. The saga began on January 18
Airbnb has once again demonstrated its resilience in the competitive hospitality market, surprising analysts with its fourth-quarter earnings. A remarkable surge in stock prices—jumping 15% in extended trading following the earnings announcement—signals a growing confidence in the company’s strategic pivots and operational efficiency. The reported figures paint a positive picture for the short-term rental giant.
The artificial intelligence (AI) industry is undergoing a significant transformation in China, marked by an increasing number of players vying for dominance. Baidu, a frontrunner in this race, is poised to introduce its AI model’s next iteration, known as Ernie 5.0, later this year. This move comes at a time when innovators are reshaping the
Affirm, an online lending platform co-founded by Max Levchin, has been at the forefront of revolutionizing consumer finance through its unique approach to lendings, such as the buy now, pay later (BNPL) model. Originally focused on credit-based solutions, the company made a pivotal shift four years ago by introducing a debit card that allows users
In a recent move that has generated considerable conversation, Google’s calendar services have stripped references to the first days of significant observances, specifically Black History Month in February and Women’s History Month in March for the year 2025. This decision represents a significant pivot in the tech giant’s approach to cultural awareness and acknowledgment. Previously,
In the ever-competitive world of artificial intelligence, the emergence of China’s Deepseek has stirred significant dialogue among industry leaders. Demis Hassabis, founder and CEO of Google DeepMind, recently referred to Deepseek’s AI model as “probably the best work” from China, setting the stage for a critical exploration of its implications for the broader AI landscape.
In a notable move, Verily, a sister company of Google operating under the Alphabet umbrella, has opted to divest its stop-loss insurance arm, Granular Insurance Company, to Elevance Health. This strategic decision, confirmed by the health technology enterprise to CNBC, mirrors a broader trend of transformation within Verily—a company that has been navigating a challenging
As the tech world holds its breath, Amazon is poised to unveil its fourth-quarter earnings report, scheduled for Thursday after the market closes. Analysts’ consensus expectations spot earnings settled at approximately $1.49 per share and revenues approaching $187.3 billion. These figures will be pivotal not just for Amazon stakeholders but for the broader tech market,
Uber Technologies, Inc. experienced a noteworthy yet complex response from investors following its recent fourth-quarter earnings announcement. While the company showcased its revenue growth by surpassing analysts’ expectations, it simultaneously presented a less optimistic outlook that led to a significant drop in its stock price, approximately 7% in premarket trading. The revenue recorded for the