Policy
X goes to war with advertisers over boycott
Elon Musk’s X Corp., which has long felt that the pulling away of advertisers from the platform over hate speech concerns is unfair, today fought back and launched a lawsuit against a number of…
Infra
Intel finally delivers some good news, hitting key 18A process node milestone
Intel Corp. finally had some good news to share for a change, providing an encouraging update on the progress of its most advanced 18A fabrication process, which will be used to manufacture a new…
Emerging Tech
Rivian shares slide as electric car maker reports cost blowouts in second quarter
By Duncan Riley
Shares in Rivian Automotive Inc. fell more than 6% in late trading today after the electric car maker reported a higher-than-expected loss in its second quarter. For the quarter ended June 30, Rivian reported…
Infra
Strong earnings report pushes GlobalFoundries’ stock higher in extended trading
Shares of the contract chip manufacturer GlobalFoundries Inc. edged higher in the after-hours trading session today following a strong earnings and revenue beat. The stock ticked upward, even though investors were likely to have…
Security
Cyber upside: Fortinet and Rapid7 impress investors with earnings beats
By Duncan Riley
Shares in cybersecurity companies Fortinet Inc. and Rapid7 Inc. both rose in late trading today after they beat analysts’ expectations in their fiscal second-quarter earnings reports. For the quarter ended June 30, Fortinet reported…
Apps
Uber shares up over 10% as higher bookings deliver earnings and revenue beats
By Duncan Riley
Shares in Uber Technologies Inc. rose more than 10% in regular trading today after the ride-hailing company impressed investors with better-than-expected earnings and revenue in its fiscal second quarter. For the quarter that ended…
AI
OpenAI co-founder John Schulman joins rival LLM developer Anthropic
John Schulman, a member of OpenAI’s founding team who played a key role in its product development efforts, is leaving for rival Anthropic PBC. Schulman announced his resignation today in a post on X.…
Security
Fortinet acquires Next DLP to extend its data security capabilities
Fortinet Inc. has acquired Next DLP Inc., a startup that helps enterprises ensure their workers interact with internal data in a secure manner. The companies announced the deal today without disclosing the financial terms.…
Emerging Tech
Quantum error correction startup Riverlane closes $75M investment
Riverlane Ltd., a U.K. startup working to make quantum computers more reliable, today disclosed that it has closed a $75 million Series C funding round. Growth equity firm Planet First Partners led the investment.…
Cloud
Big data gets a tailwind: Analysts see AI driving growth of next-gen data platforms
The era of big data has morphed into the era of generative artificial intelligence powered by data innovation. This was of one of the conclusions drawn from the Supercloud 7: Get Ready for the…