Technology News

Crypto Market Wipeout: Bitcoin Plunges 14% Amid $500 Billion Selloff

Dec 23, 2024 Bitcoin’s Slide Deepens After Record Highs Last Week Key Points: Bitcoin’s Current Price: The world’s largest cryptocurrency fell another 2% on Monday, trading just below $93,000 by 9 p.m. GMT (4 p.m. EST). Recent Decline: Bitcoin is now down 14% from its all-time high of over $108,000 last Tuesday, marking its first […]

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U.S. Approves $458M Grant for SK Hynix Chip Packaging Plant

December 19, 2024 The U.S. Department of Commerce announced on Thursday that it has finalized a grant of up to $458 million to SK Hynix to support the development of an advanced chip packaging facility and a research and development center in Indiana. The project aims to enhance the production of semiconductor components essential for

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Netflix Earnings: Stock Rises After Beating Expectations—Despite Slower Subscriber Growth

Oct 17, 2024,04:28pm EDT Netflix exceeded Wall Street’s expectations for both earnings and revenue, adding 35 million paid subscribers year-over-year. This strong performance pushed the company’s stock up in after-hours trading, despite a noticeable slowdown in subscriber growth.   Key Facts Netflix reported earnings of $5.40 per share and revenue of $9.82 billion for the

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Instagram Launches New Safeguards Against ‘Sextortion’ to Protect Child Safety—What You Need to Know

Oct 17, 2024 Instagram has introduced new safety features designed to protect teenagers from the growing threat of “sextortion” scams, as concerns continue to rise over the role social media plays in child safety.   Key Facts Instagram will now block screenshots or screen recordings of disappearing messages in direct messages. When a user attempts

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X to Allow Users to View Tweets from Blocked Accounts—Here’s Why the Change is Stirring Controversy

Oct 17, 2024 X is set to implement a controversial update to its block function, allowing users to view posts from accounts that have blocked them. This is the latest in a series of changes to the Elon Musk-owned platform, formerly known as Twitter, sparking widespread backlash among users.   Key Facts X’s engineering page

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Microsoft’s Massive AI Investment Predicted to Generate Over $100 Billion in Data Center Leases

As Microsoft gears up for its quarterly earnings report this month, finance leases have become a critical metric for investors to watch.   Finance leases allow a company to spread the cost of an asset over several years instead of paying the full amount upfront. For a tech giant like Microsoft, which is aggressively expanding

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Google Spends $2.7 Billion to Bring Back Pioneer of Pre-ChatGPT AI Chatbot

Sep 25, 2024 In August, Google finalized a massive $2.7 billion deal with the AI chatbot startup Character.AI, ostensibly to acquire a license for using Character’s innovative technology. However, a Wall Street Journal report from Wednesday suggests a deeper motive: Google was keen on bringing back Noam Shazeer, a former employee and AI prodigy who

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OpenAI Considers Awarding Altman 7% Stake Amid Shift to For-Profit Model

September 25, 2024 at 7:44 PM GMT OpenAI is considering a significant transition to become a for-profit entity, with discussions around awarding Chief Executive Officer Sam Altman a 7% equity stake. This move, signaling a major shift, would mark Altman’s first ownership in the artificial intelligence powerhouse. The discussions suggest restructuring OpenAI into a public

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How a Routine CrowdStrike Update Crashed Computers Worldwide

July 19, 2024 at 11:00 PM GMT  When Brendan Delaney, a doctor with the UK’s National Health Service, arrived at his London clinic on Friday, he anticipated a busy day with patients.  Two months had passed since a devastating cyberattack impacted hospitals and clinics in southeast London. Doctors like Delaney, who also teaches at Imperial

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GameStop Tops Meme Stock Volatility Ahead of ‘Roaring Kitty’ YouTube Livestream on Friday

Jun 7, 2024,07:39am EDT Topline: Shares in GameStop, AMC Entertainment, and other meme stocks were highly volatile during premarket trading on Friday after “Roaring Kitty,” the finance influencer known for initiating the original meme stock craze, announced his first livestream in years.   Key Facts: GameStop shares fell by 15% to $40 in premarket trading

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