In his role, Alex Chriss will replace Daniel Schulman who decided to leave the company in February, with retirement effective from December 31, 2023.
It is very likely that Kraken Ventures will support many projects rather than making a few large-sized investments.
Foxconn sees sluggish demand for electronics within the global economy for the rest of the year and thus it has reduced its revenue estimates.
In the midst of this strategic partnership, MTN has delivered impressive financial results for the first half of the year.
As part of their partnership, Anthropic and SK Telecom will work together for building large language models (LLMs) for telcos.
The global rice market is experiencing a significant upheaval as prices soar to their highest levels in nearly 12 years.
Arm is scheduled to go public in September, with the listing of its shares on the Nasdaq exchange. Arm’s market capitalization by that time is expected to be $60 billion to $70 billion, which would make the deal the world’s biggest initial public offering so far this year.
Despite the US sanctions and the current economic situation in China, Huawei has continued to innovate and diversify.
The decelerating inflation reduces some of the pressure from the Fed, however, remains high over the central bank’s 2% target. Thus, the Fed is less to announce rate cuts anytime soon.
This move by a16z signals the firm’s intent to actively partake in the development of some of the core tech that power the companies it backs with its venture dollars.
The company’s expansion into new business verticals has played a significant role in bolstering its fiscal Q1 2024 results.
Virgin Galactic has highlighted that its narrative doesn’t end with the launch of the VSS Unity, but extends to the development of an even more sophisticated fleet, aptly named the Delta class.
Following the release of the earnings report, Disney stock declined by 0.73% to close at $87.49. After hours, Disney shares added 2.24%. Year-to-date, Disney stock is 0.70% up.
The decision to consolidate these operations coincides with Rakuten’s unveiling its financial performance for the second quarter.
Riot Platforms reported total revenue of about $76.7 million and hit a new high hash rate at about 10.7 EH/s in Q2 2023.