A recent drag show organized by Google employees to mark the end of Pride month took an unexpected turn when some attendees, including Google employees, expressed their discontent with the company. Joshua Grannell, a well-known drag performer based in San Francisco, opened the show by acknowledging the Google employees who had organized the event in
Enterprise
The Securities and Exchange Commission (SEC) and New York federal prosecutors have brought charges against the compliance chief of a Chinese payment processor for violating insider trading laws. Steven Teixeira, who held the position of chief compliance officer for the U.S. branch of LianLian Global, has pleaded guilty to the federal charges as part of
China’s artificial intelligence (AI) stocks experienced a decline on Wednesday following reports from the Wall Street Journal about the United States’ plan to restrict shipments of AI chips to China. The move, which could take place as early as July, is expected to impact U.S. chip makers such as Nvidia. Nvidia is responsible for producing
The rise of generative artificial intelligence (A.I.) has sparked a global frenzy, but according to Dan Ives, a managing director and senior equity research analyst at Wedbush Securities, this is not just another hype cycle. In fact, Ives likens the current A.I. boom to the fourth industrial revolution, drawing parallels to the transformative impact of
Shares of online money transfer firm Wise experienced a significant surge of 16% on Tuesday, following the company’s report of a substantial increase in profits. Wise announced that its profit before tax had tripled to £146.5 million ($186.5 million), and earnings per share had more than tripled to 11.53 pence. This surge in profits was
DC Studios has been struggling to keep up with Marvel Cinematic Universe (MCU) in terms of financial success, with “The Flash”, “Black Adam”, and “Shazam: Fury of the Gods” failing to make an impact. DC and its parent company Warner Bros. Discovery are envious of the MCU’s success, with the MCU’s movies grossing around $30
The first half of 2023 has not been kind to legacy media companies. Despite hopes that it would be a rebound year from a terrible 2022, where a slowdown in streaming subscribers cut valuations for Netflix, Disney, Warner Bros. Discovery, and Paramount Global roughly in half, these companies have struggled to keep up with the
Microsoft is attempting to gain approval from regulators to acquire Activision Blizzard for $68.7 billion. The company revealed that it had previously opened discussions with mobile game developer, Zynga, but did not proceed with the deal. Phil Spencer, Microsoft Gaming CEO, testified at the hearing in San Francisco on Friday. The hearing began on Thursday
During his recent visit to the United States, Indian Prime Minister Narendra Modi met with top tech executives, including Apple CEO Tim Cook, Alphabet CEO Sundar Pichai, and Microsoft CEO Satya Nadella, to discuss investment opportunities and challenges in India. Modi, who was in the US to meet with President Biden and other political and
Meta, the parent company of Facebook, announced that it would be blocking access to news on Facebook and Instagram in Canada after the country’s federal government passed the Online News Act, also known as Bill C-18. The law mandates that technology companies pay content fees to local media outlets. Impact of Bill C-18 According to