Alibaba, the Chinese tech giant, has successfully completed a three-year regulatory “rectification” process imposed by China’s State Administration for Market Regulation (SAMR) following an antitrust fine in 2021. The company faced charges of monopolistic practices, resulting in a hefty fine of 18.23 billion yuan ($2.6 billion). The SAMR’s supervision focused on ensuring Alibaba’s compliance with
Enterprise
Dell recently reported its quarterly results, revealing a revenue of $25.03 billion, which surpassed the expected $24.53 billion. The company also experienced an 80% increase in server sales, leading to a net income of $841 million. These figures display a significant growth from the previous year, with revenue increasing by about 9% from $22.93 billion.
The impact of Nvidia’s second-quarter results was felt in Asia on Thursday, with tech and chip-related stocks experiencing a drop in value. Companies with direct ties to Nvidia, such as South Korean chipmakers SK Hynix and Samsung Electronics, were hit particularly hard. SK Hynix, a manufacturer of high bandwidth memory chips used in AI applications
Elon Musk’s artificial intelligence startup, xAI, has recently come under fire for its environmental practices in Memphis, Tennessee. The company has been accused of using natural gas burning turbines at its new data center without obtaining the necessary permits. This has raised concerns among environmental and health advocates in the area, who have pointed out
As the demand for more powerful processors and energy-efficient data centers continues to rise with the artificial intelligence boom, companies like Sustainable Metal Cloud are leading the way in creating sustainable AI factories. Their innovative approach involves using special HyperCube servers fitted with Nvidia processors that are submerged in a synthetic oil called polyalphaolefin. This
Recently, Microsoft announced plans to host a conference in September aimed at addressing the aftermath of a faulty CrowdStrike software update that wreaked havoc on millions of Windows computers in July. The repercussions of this incident were significant, with internet-connected systems experiencing disruptions in various sectors such as airlines, logistics, and healthcare. Delta Air Lines,
Recent reports from Meta have revealed that a small cluster of WhatsApp accounts linked to an Iranian hacking group, known as APT42, were targeting officials associated with President Joe Biden and former President Donald Trump. The intention behind this targeted scheme was to exploit political and diplomatic officials, as well as other public figures, including
Workday, a finance and human resources software maker, experienced a significant boost in its shares, jumping 12% following the release of its fiscal second-quarter results, which surpassed analysts’ expectations. The company reported adjusted earnings per share of $1.75, beating the estimated $1.65, and generated $2.085 billion in revenue compared to the projected $2.071 billion. This
Snowflake, a data cloud analytics company, recently released its fiscal second-quarter 2025 earnings report. The company reported $869 million in revenue, which surpassed analysts’ expectations of $851 million. However, despite beating revenue estimates, Snowflake experienced a deceleration in product revenue growth compared to previous quarters, with product revenue growing only 30% year over year, down
The Chinese government recently expressed its discontent with the European Union’s decision to impose tariffs on electric vehicle imports from China. According to a Ministry of Commerce spokesperson, Beijing believes that the EU’s investigation into China’s subsidies for its electric vehicle industry has led to biased conclusions. The government went as far as to accuse