In a shocking turn of events, Bybit, a prominent cryptocurrency exchange, recently fell victim to the largest cyber attack in the history of the digital asset sector, losing an astonishing $1.5 billion. This incident has sent ripples throughout the crypto industry, prompting exchanges and investors to reassess their security measures and strategies in the wake
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On Monday, Hims & Hers Health experienced a staggering 18% decline in its stock value during after-hours trading. This drop occurred despite the company reporting stronger-than-anticipated earnings and revenue figures, which at first glance seemed promising for investors. The earnings per share stood at 11 cents, slightly surpassing the analysts’ expectations of 10 cents. Similarly,
23andMe, a household name in consumer genetic testing, is facing a fraught moment as it contemplates a significant shift from public to private ownership. The recent proposal put forth by CEO Anne Wojcicki in collaboration with New Mountain Capital seeks not only to stabilize the company but to navigate through a year wherein its stock
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
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