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
Enterprise
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
Dick Kramlich, a seminal figure in the world of venture capital, passed away at the age of 89, leaving behind a transformative legacy that reshaped Silicon Valley. As the co-founder of New Enterprise Associates (NEA), established nearly 50 years ago, Kramlich helped carve out an industry that would grow to support countless tech entrepreneurs, significantly
In the ever-evolving landscape of financial technology, GoCardless, a London-based unicorn dedicated to streamlining recurring payments, has carved out a significant presence. As the company aims to achieve full-year profitability by 2026, it has demonstrated a commitment to refining its operations while simultaneously expanding its revenue. This article delves into GoCardless’s recent financial performance, strategic
In recent weeks, TikTok faced a critical juncture when it temporarily shut down in the United States following a significant legal maneuver. The shutdown was precipitated by a Supreme Court ruling that upheld legislation mandating the divestiture of ByteDance, the app’s Chinese parent company, or risk facing a complete ban in the U.S. This drastic
Singapore’s Ministry of Trade and Industry (MTI) has found itself in the spotlight following the emergence of a controversy involving the AI startup DeepSeek. This situation arose after DeepSeek announced that its large language model could outperform the industry giant, OpenAI, while being far more cost-effective to train. Such claims would typically evoke excitement in
In a significant move signaling its ongoing evolution, Google has launched a voluntary buyout program for employees within its Platforms and Devices division. This initiative reflects the company’s strategic redirection towards artificial intelligence and highlights the challenges currently faced by large tech firms as they navigate market pressures, workforce management, and evolving consumer expectations. The
Shares of United Parcel Service (UPS) experienced a significant downturn, dropping over 15% following the company’s announcement of disappointing revenue projections for the upcoming year. The shipping powerhouse revealed plans to drastically reduce its delivery volume for Amazon, its largest yet not most profitable customer, by more than 50% by mid-2026. This strategic shift has
The intertwining of business and politics has become increasingly complex in recent years, particularly for high-profile leaders like Elon Musk. As Tesla navigates the murky waters of public perception, especially in light of Musk’s recent political engagements, the relationship between his political activities and the company’s shareholder value has come into sharp focus. The fourth-quarter