In a shocking turn of events, Bybit, a prominent cryptocurrency exchange, experienced a massive security breach resulting in the theft of approximately $1.5 billion worth of digital assets. This incident has been labeled the largest crypto heist to date, surpassing previous breaches in scale and ambition. Compromising Bybit’s cold wallet—an offline storage solution designed specifically
Enterprise
The burgeoning field of artificial intelligence is at a crossroads, particularly within Europe. Major U.S. technology firms like Google and Meta have publicly voiced their concerns regarding the regulatory landscape in the European Union, asserting that excessive legislation is stifling innovation. As AI becomes integral to various industries, the debate over whether stringent regulations are
Despite a swiftly evolving competitive landscape, OpenAI is demonstrating remarkable growth, signaling its resilience and market significance. Recent statistics reveal that the San Francisco-based technology leader boasts 400 million weekly active users, marking a striking increase from 300 million just two months prior. This surge underscores not only the appeal of OpenAI’s flagship product, ChatGPT,
Baseten is emerging as a significant player in the realm of artificial intelligence (AI) deployment, recently securing $75 million in a funding round that underscores the enthusiasm of venture capitalists towards the growing AI sector. This fresh capital raises the company’s valuation to $825 million, indicating a strong belief in the expansion potential of startups
On a recent Tuesday, Elon Musk’s innovative venture, xAI, introduced its latest artificial intelligence model, Grok 3. This release is poised to shake up the existing landscape of generative AI, asserting that Grok 3 not only matches but exceeds the capabilities of notable competitors like OpenAI and China’s DeepSeek. During the unveiling, Musk expressed optimism
Huawei is making headlines once again as it introduces its much-anticipated trifold smartphone, the Mate XT, to markets beyond China. Amidst the ongoing fallout from U.S. sanctions, which have severely impacted its ability to compete internationally, Huawei is attempting to reclaim its footing in the smartphone arena. With a formidable starting price of 3,499 euros
Airbnb, the online marketplace for lodging and tourism services, experienced a significant surge in its stock price following the release of its fourth-quarter earnings report, indicating that the company is on a solid trajectory of growth and recovery. This analysis delves into the financial metrics that shaped this impressive report as well as the strategic
The competition in artificial intelligence (AI) has escalated significantly, as evidenced by the rise of the Chinese AI laboratory DeepSeek. Recent advancements highlighted at France’s Artificial Intelligence Action Summit demonstrate that the realm of AI innovation is no longer solely dominated by Western powers. Industry leaders are recognizing that DeepSeek’s breakthrough technologies signal a vital
On a seemingly routine Saturday in Garner, North Carolina, a significant event unfolded that sent ripples through the labor community. Workers at Amazon’s RDU1 facility participated in a union voting process organized by the Carolina Amazonians United for Solidarity and Empowerment (CAUSE). The results revealed a stark opposition to the union: 2,447 votes against and
The performance metrics recently released by the Trump Media & Technology Group (TMTG) raise several questions regarding the viability and strategic direction of the company, particularly in light of its ongoing challenges. Despite the high-profile association with former President Donald Trump and the nascent social media platform Truth Social, TMTG has seen a turbulent financial