LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023
TECHNOLOGY POWERING BUSINESS
News Enterprise
Elon Musk Will Not Fund Candidates After Meeting Donald Trump
SpaceX CEO Elon Musk says he will not fund Joe Biden or Donald Trump in US Presidential election, after Trump meeting
UK Approves Newport Wafer Fab Sale To US Vishay Intertechnology
Government approves sale of UK's largest chip-making facility to US firm, after blocking sale to Chinese owned entity
Reddit Looks For $6.5bn Valuation In NYSE IPO
Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round
Nvidia Shares Close Over $2tn For First Time
Shares of Nvidia close over $2tn for first time after Dell reports surge in demand for AI servers, amidst ongoing stock market boom
Microsoft Investment In Mistral AI Prompts EU Scrutiny Calls
European lawmakers call for investigation after Microsoft this week made small investment in French startup Mistral AI
US SEC Investigates If OpenAI Investors Were Misled – Report
Financial regulator examines internal comms of CEO Sam Altman, after his shock firing for not being “consistently candid in communications”
Bitcoin Pushes Past $60,000, In First Time Since November 2021
Going up. Bitcoin surges past $60,000 on Wednesday, reportedly driven by huge inflows into the US-based spot ETFs
President Biden To Plug US Data Transfers To China, Russia Etc
US President issues executive order to protect Americans’ sensitive personal data from being transferred to hostile nation states
Lawyer For Bankman-Fried Urges Judge Not To Impose 100-Year Sentence
Sam Bankman-Fried’s lawyer asks US judge to reject 100-year recommended prison sentence for disgraced FTX co-founder
Google Pay To Close In US, To ‘Simplify’ Payment Apps
Mobile payments service from Google to be changed again, with shuttering of standalone Google Pay app in the US
Terra’s Do Kwon To Miss Start Of SEC Trial In US
US lawyer for disgraced cryptocurrency tycoon Do Kwon admits his client will likely miss start of SEC fraud trial
Nvidia Briefly Surpasses $2tn Valuation On AI Demand
Investors drive Nvidia shares briefly over $2tn after company reveals staggering financial benefits from AI boom
Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales
Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark
Terra’s Do Kwon Should Be Extradited to US, Montenegro Court Rules
Court in Montenegro rules disgraced cryptocurrency tycoon Do Kwon should be extradited to US, not South Korea
BT Tower In London Sold, And Will Become Luxury Hotel
Landmark BT Tower in central London to become a luxury hotel, after it is sold for £275m to US hotel group
First Neuralink Patient ‘Controls Mouse With Thoughts’
First human recipient of Neuralink brain implant can 'control a computer mouse with their thoughts', as company begins trials
China’s JD.com Considers Bid For UK Retailer Currys
Currys may be focus of bidding war after rejected bid by US investment firm Elliott as e-commerce giant JD.com considers offer
Microsoft To Invest €3.2 billion In Germany, Mirroring UK Investment
Microsoft confirms it will invest 3.2 billion euros in Germany for AI and data centres, in welcome move amid a slumping economy
Cisco Confirms It Will Cut More Than 4,000 Jobs
Bad news confirmed for employees at Cisco, after business confirms that more than 4,000 jobs are to be axed
Musk Confirms SpaceX Incorporation Moved From Delaware To Texas
After Delaware judge vetoed Elon Musk's $56 billion pay package, billionaire moves SpaceX incorporation to Texas
Bitcoin Rise Sees Market Cap Cross $1 Trillion
Value of all bitcoin in circulation, or market cap, on Wednesday rose above $1 trillion mark for first time since 2021
SEC Chairman Calls For AI Caution, Cites Financial Stability Risk
Gary Gensler urges companies to be cautious over rushing onboard the AI hype train and points out its risk for fraud and financial stability
Nvidia Now Worth More Than Amazon, Amid AI Chip Demand
Nvidia now worth more than the e-commerce and cloud giant Amazon, thanks to ongoing industry demand for AI chips
ARM Shares Nearly Double Amid AI Surge
Shares in ARM Holdings have exploded over the past week, after an optimist forecast almost doubled its share price
OpenAI’s Sam Altman Seeks Trillions To Overhaul Chip Industry – Report
Sam Altman reportedly seeking between $5 and $7 trillion to overhaul semiconductor industry to remove AI chip limitations
Jeff Bezos Offloads $2 Billion Worth Of Amazon Shares
Not enough yachts? Amazon founder Jeff Bezos sells 12 million shares for $2bn, after relocating to tax friendly Florida
Elon Musk Ordered To Testify In SEC Twitter Takeover Probe
SEC doubles down and orders Elon Musk to testify again, for investigation of his $44 billion Twitter purchase
Disney To Take $1.5 Billion Equity Stake In Epic Games
Disney to collaborate with Epic Games on new content, and will sink a $1.5bn investment into the gaming giant
Hacking Victims Paid $1.1bn In Ransoms Last Year
Chainalysis report finds ransomware victims paid cybercriminals a record $1.1 billion in cryptocurrency in 2023