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Databricks announces billion financing at billion valuation

Databricks announces $10 billion financing at $62 billion valuation

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Databricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that values the software maker at $62 billion.  With the money, Databricks will be able to provide liquidity to current and former employees, make acquisitions, and expand overseas, according to a statement. The company’s new valuation is up from […]

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CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

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A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona, Spain, on October 8, 2024.  Joan Valls | Nurphoto | Getty Images CrowdStrike moved Monday evening to dismiss Delta Air Lines’ lawsuit around the July cybersecurity outage that led to canceled flights and stranded passengers, arguing that the airline’s

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China wants to dominate in AI — and some of its models are already beating their U.S. rivals

China wants to dominate in AI — and some of its models are already beating their U.S. rivals

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China’s attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and even surpassing — those from the U.S. in terms of performance. AI has become the latest battleground between the

China wants to dominate in AI — and some of its models are already beating their U.S. rivals Read More »

Nvidia falls deeper into correction territory as Broadcom rally continues

Nvidia falls deeper into correction territory as Broadcom rally continues

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Jaque Silva | Nurphoto | Getty Images Nvidia shares fell in premarket trading on Tuesday, as Broadcom continued its rapid surge higher. Nvidia stock was down about 1.8% in premarket trading at 10:47 a.m. London time. On Monday, the company a entered correction territory — broadly defined as the point when a stock falls 10%

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MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’ — a ‘good investment’ even at the top

MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’ — a ‘good investment’ even at the top

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CFOTO | Nurphoto | Getty Images Michael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it “cyber Manhattan.” “We’ll just keep buying the top forever, everyday is a good day to buy bitcoin” the founder and chairman of MicroStrategy said on CNBC’s “Money

MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’ — a ‘good investment’ even at the top Read More »

Britain brings tough online safety measures into force, gives tech giants three months to comply

Britain brings tough online safety measures into force, gives tech giants three months to comply

Finance News

Sebastien Bozon | AFP | Getty Images LONDON — The U.K. officially brought its sweeping online safety law into force on Monday, paving the way for stricter supervision of harmful content online and potentially massive fines for technology giants like Meta, Google and TikTok. Ofcom, the British media and telecommunications watchdog, published its first-edition codes

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Why the U.S. government is saying all citizens should use end-to-end encrypted messaging

Why the U.S. government is saying all citizens should use end-to-end encrypted messaging

Finance News

Think twice before sending your next text message. Or better yet, make sure you are using an end-to-end encryption method. Consumers regularly use different types of messaging technology from the biggest technology companies including Apple, Alphabet and Meta Platforms, including iMessage, Google Messages, WhatsApp and SMS, but the level of protection varies. Now, the U.S.

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How China’s satellite megaprojects are challenging Elon Musk’s Starlink

How China’s satellite megaprojects are challenging Elon Musk’s Starlink

Finance News

China faces a tall order in its efforts to catch up to Elon Musk’s SpaceX satellite service. SpaceX’s Starlink already has nearly 7,000 operational satellites in orbit and serves around 5 million customers in more than 100 countries, according to SpaceX. The service is meant to offer high-speed internet to customers in remote and underserved

How China’s satellite megaprojects are challenging Elon Musk’s Starlink Read More »

Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role

Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role

Finance News

President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company’s headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017. Getty Images When Broadcom tried to buy rival Qualcomm for $120 billion in 2018,

Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role Read More »

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