SAP Shares Soar to All-Time High in the Aftermath of AI Restructuring Results
SAP's shares soar high in the first quarter of 2024 after announcing the restructuring plans to adopt AI technology in its workforce.
Funding
Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035
Social Security and Medicare have improved due to stronger-than-expected economic growth. However, the safety-net programs are still expected to face a funding crisis in approximately ten years.
Heineken Announces £39 Million Investment to Reopen 62 Closed UK Pubs
The focus of the investment will be on reopening 62 pubs that were previously closed and renovating 94 existing outlets...
Apple Spends Less on AI Than Rivals; Investors Worried About Sales
Despite rivals investing heavily in AI-focused infrastructure, Apple, emphasizing hardware sales, maintains a lower capital expenditure, raising concerns about its sales and competitiveness...
FCC Faces Funding Shortfall in Effort to Remove Chinese Tech Giants Huawei, ZTE From Networks
A US scheme to pay carriers and ISPs to remove Huawei and ZTE equipment from their networks is stalled owing to a $3 billion financing gap...
Affordable Connectivity Program: Congress Fights to Refuel Low-Cost Broadband Program Amid Looming Expiration
The Affordable Connectivity Program's (ACP) funding is declining, leav...
BlackRock Joins Saudi PIF for $5B Investment in Riyadh's BRIM Platform
BlackRock and Saudi Arabia's PIF launched BRIM, a $5 billion investmen...
Latest News
Vertical Aerospace Founder Invests $50 Million to Prevent the Flying Taxi Firm From Running Out of Cash
Vertical Aerospace has secured new funding from its founder Stephen Fitzpatrick, who will invest $50 million to ensure that the flying taxi firm will still have cash until later this year.
Elon Musk Refutes xAI $500 Million Funding Report, Labels It 'Fake News'
Elon Musk took to social media to deny a report claiming that his AI startup, xAI, has secured $500 million in commitments from investors.
Disney Secures Backing From ValueAct, Blackwells in Boardroom Clash with Trian
ValueAct and Blackwells back Disney in boardroom battle against activist Trian Fund Management's challenge.
Israel Gives Intel $3.2 Billion Grant for New $25 Billion Chip Plant, Biggest Ever Foreign Investment in Country
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Sam Altman Receives $75 Million From the University of Michigan for New Venture Capital Fund: Report
OpenAI CEO Sam Altman has reportedly secured a $75 million investment for his venture capital firm, Hydrazine Capital, from the University of Michigan.
Revolutionizing Diversification: How Exchange Fund Brokerages May Shape the Future of Tech Investing
Exchange fund brokerages, a niche concept in the investment landscape, have steadily gained traction among tech investors. These brokerages help investors diversify their portfolios without facing und
Arro Social: Blockchain Security, Compensation, and a 'Buy Us If You Like Us' Approach
Giants like Facebook and YouTube have long dominated the social media landscape, while its content creators face increasing challenges, including limited monetization opportunities, censored content,
Elon Musk's AI Startup X.AI Seeks to Raise $1 Billion From Equity Investors
Elon Musk's artificial intelligence startup X.AI reportedly seeks to raise up to $1 billion in funding from equity investors.
EU Military Spending Hits Record High of €240 Billion Following Russia's Invasion of Ukraine
Military spending within the European Union (EU) reached a historic high of €240 billion ($261.8 billion) in 2022, marking a 6% increase from the previous year.
