Explained - page 7

News

Donald Trump Raises Tariffs on Aluminum and Steel Imports

President of the United States Donald Trump has ordered to impose a 25% tariffs on steel and aluminum imports, which means stepping up his efforts to protect those US industries that are of particular importance in the context of the economic aspect of the country’s existence and at the same time are essential from a […]

News

Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI

On Monday, February 10, a consortium led by Elon Musk announced that it has offered $97.4 billion for the purchase of a nonprofit, which controls OpenAI.

Blockchain & Crypto

Web3 Exec Says Current Chain Abstraction Methods Fragment Crypto

Industry executives and competing companies continue to try to grapple with abstracting away from the complexities of blockchain for the end user.

Blockchain & Crypto

Tether CEO Says Quantum Сomputing to Bring Lost Bitcoin Back in Circulation

Tether chief executive officer Paolo Ardoino predicts that quantum computing will eventually crack Bitcoin wallets classified as inactive and return digital assets to circulation.

Fintech & Ecommerce

ACI and Banfico Team to Tackle APP Fraud

The payment technology company ACI Worldwide has teamed with the fintech brand Banfico.

Fintech & Ecommerce

Oracle Adds New AI Features to Financial Software

Oracle on Thursday, February 6, added another set of artificial intelligence tools to NetSuite, one of its corporate finance software offerings, some of which, among other things, can speed up for consumers to receive a price quote on purchases like custom bicycles.

Science & Technology

Qualcomm Tops Estimates for Earnings

Qualcomm last Wednesday, February 5, released information about its financial results for the first quarter of fiscal 2025, which exceeded preliminary expectations.

News

Alphabet Shares Demonstrate Decline on Revenue Miss

On Wednesday, February 5, the value of shares of one of the world’s largest technology giants, Alphabet, showed a drop of more than 7% after this company, which owns Google, published information about its earnings for the fourth quarter of 2024, which fell short of Wall Street’s preliminary expectations and announced large-scale spending plans for […]

Science & Technology

AMD Reports Earnings

Advanced Micro Devices (AMD) last Tuesday, February 4, published information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations.

News

Juniper Networks Beats Quarterly Revenue Estimates

Juniper Networks on Tuesday, February 4, released information about its earnings for the fourth quarter of 2024, which exceeded analysts’ preliminary expectations, helped by steady consumer demand for the company’s networking gear amid the so-called artificial intelligence boom.

Fintech & Ecommerce

Fintech Firm Jack Henry Reports Earnings

Fintech company Jack Henry & Associates on Tuesday, February 4, reported a 6.4% increase in its profit for the second fiscal quarter, as consumer demand for this firm’s services in the financial technology area remained robust.

Blockchain & Crypto

Crypto Market Liquidations Reportedly Reach $10 Billion

According to Bybit’s chief executive officer, a recent correction in the cryptocurrency market may have caused capital liquidation of up to $10 billion, which is an indicator exceeding previous estimates.

News

Apollo Starts Tokenized Private Credit Fund

Private equity company Apollo Global Management, in partnership with Securitize, has launched a tokenized private credit fund.

News

Oracle Launches AI Agents to Automate Supply Chain Tasks

Oracle has added role-based artificial intelligence agents to its cloud supply chain and manufacturing suite.

Finance & Economics

Donald Trump Vows Tariffs to Hit Saturday

President of the United States Donald Trump said on Friday, January 31, that he would impose tariffs on a wide range of imported goods, including oil and metals, in the coming months.

News

OpenAI Reportedly Aims to Raise $40 Billion in New Funding Round

The media published information according to which OpenAI is currently negotiating a new $40 billion funding round.