Finance
Nvidia Reports $44.062B Revenue in Q1 FY2026, Net Profit Up 26% Year-Over-Year
May 29 2025 – Nvidia Corporation unveiled its financial results for the first quarter of fiscal year 2026 today, revealing substantial growth across key metrics despite some fluctuations in profitability. The semiconductor giant reported total revenue of 44.062billionforthequarter,markingarobust6918.775 billion, reflecting a 26% annual growth but a 15% quarterly decline. Breaking down the performance by business…
Microsoft Launches Indonesia Cloud Hub to Power Azure AI Foundry Innovation
May 28 2025 – Microsoft has officially unveiled the launch of its first cloud data center in Indonesia, named “Indonesia Central,” which is now fully operational. This marks the tech giant’s second data center cluster in Southeast Asia, following its initial deployment in Singapore. Situated in the province of West Java (Provinsi Jawa Barat), the…
Apple’s Maiden Gaming Studio Buyout: RAC7 Acquisition Bolsters Arcade’s Hit Game Development
May 28 2025 – In a move that marks Apple’s first-ever acquisition of an independent gaming studio, the tech giant has confirmed it has finalized a deal to bring RAC7 into its fold, as reported by Digital Trends. The small-scale studio, consisting of just two members, rose to prominence with its exclusive title for Apple…
Musk Confirms X Money’s Debut: Limited Beta Launch on the Horizon
May 27 2025 – In a recent response to reports suggesting “Elon Musk confirms upcoming launch of X Money on X platform,” the tech mogul clarified that the rollout would initially be confined to a highly selective, small-scale beta testing phase. Musk emphasized the need for utmost caution when handling users’ savings, highlighting the significance…
Samsung Electronics Mulls System LSI’s Future: Merger with MX or Foundry on the Table
May 27 2025 – According to a report from South Korean media outlet SEDaily released earlier today, Samsung Electronics’ semiconductor division, known as the Device Solutions (DS) sector, is currently finalizing its evaluation of a proposed restructuring plan for its System LSI business operations. A final decision on the matter is expected to be made…
Nissan Eyes Sale of Yokohama HQ to Ease Financial Strains Amid Losses
May 24 2025 – Nissan Motor Co. is exploring the sale of its headquarters building in Yokohama as part of a broader financial restructuring strategy aimed at offsetting costs linked to its global operational overhaul, Nikkei reported. The automaker, which relocated its global base from Tokyo to the facility near Yokohama Station in 2009, plans…
Apple’s CEO Tim Cook Makes Unprecedented Move to Halt Texas’ App Store Age Verification Law
May 24 2025 – In an unusual move, Apple CEO Tim Cook took the initiative to personally intervene in Texas’ legislative process to halt a child safety bill targeting the App Store from becoming law, as reported by The Wall Street Journal in a blog post published yesterday (May 23). Cook directly called Texas Governor…
OnlyFans in Talks for Potential Sale, Boasting $8B Valuation Amid Market Speculation
May 24 2025 – Reuters has revealed that Fenix International Ltd, the parent company of OnlyFans, is currently in negotiations with an investment consortium regarding a potential sale, with the platform valued at approximately $8 billion. According to sources familiar with the matter, the consortium is being led by Los Angeles-based investment firm Forest Road…
Klarna’s Q1 Slump: AI Hype Fails to Offset $99M Loss After Touting 700-Job Cuts
May 23 2025 – A major crisis is unfolding at Swedish “Buy Now, Pay Later” (BNPL) behemoth Klarna, as its CEO Sebastian Siemiatkowski, who once boldly proclaimed that the company’s AI-powered customer service system could replace 700 full-time customer service representatives, now faces a harsh reality. According to reports, the fintech firm recorded a net…
FTC Officially Drops Antitrust Lawsuit Against Microsoft’s $68.7B Activision Blizzard Deal
May 23 2025 – The U.S. Federal Trade Commission (FTC) has officially withdrawn its antitrust lawsuit challenging Microsoft’s $68.7 billion acquisition of Activision Blizzard, bringing an end to nearly two years of legal wrangling. The move comes just three days after a federal appeals court denied the FTC’s request to halt the deal, effectively sealing…