Tech giants are showing the AI market isn’t slowing anytime soon. Microsoft and Google just reported massive cloud growth, proving they’re making serious money from artificial intelligence. Google’s parent company Alphabet hit $110 billion in revenue, its fastest growth in four years, with cloud sal
Big banks smell money in prediction markets—places where people bet on real-world events like election outcomes or sports results. Jamie Dimon, CEO of JPMorgan, casually mentioned his firm might jump in, but ruled out betting on sports or politics. Goldman Sachs is already deep in talks with leading
The smartphone world is changing. Asus, a well-known tech company, has decided to stop making budget-friendly Android phones. This move is part of a bigger trend where companies are shifting their focus to artificial intelligence (AI) instead of phone hardware. Why is this a big deal? Well, fewer c
Novo Nordisk's new weight loss pill, Wegovy, is off to a strong start in the U. S. Analysts say it was prescribed over 18, 000 times in its first full week. This is a big deal because it shows people are interested in a pill they can take instead of a shot. The race to make the best weight loss pil
PNB Housing has shown a profit boost of 8% in the last quarter of 2023, but the road ahead is not all smooth. The company made a net profit of 5. 20 billion rupees, up from 4. 83 billion rupees a year before. Revenue also saw a 9% increase, reaching 21. 19 billion rupees. This growth is partly due t
Ola Electric, a major player in India's electric two-wheeler market, has a new leader in charge of its money matters. Deepak Rastogi is stepping in as the new Chief Financial Officer (CFO), starting January 20. He's coming from Puravankara, where he was the top finance guy. This move comes after Har
JPMorgan Chase is ready to open its wallet wide to keep up with the competition. The bank's CEO, Jamie Dimon, made it clear that they won't hold back on spending to stay ahead of companies like Stripe, SoFi, and Charles Schwab. He said they are always watching what these competitors are doing and ho
The world of technology is moving at lightning speed. What used to take years to catch on now happens in months. Think about it: the telephone took 75 years to reach 100 million users, but the internet did it in just seven years. And get this, GenAI reached that number in a few months. This rapid ch
The race to create the most advanced self-driving cars is heating up. Tesla, a major player in this field, is now facing a new challenge from Nvidia. This tech giant is stepping into the autonomous vehicle market, which could shake things up. Tesla has been working on self-driving technology for ye
PDD Holdings, the company behind Temu, is in hot water. Both China and the European Union are investigating them. In China, the State Administration for Market Regulation (SAMR) is looking into claims of fake deliveries. This is serious because SAMR is a powerful regulator. They can dig deep into PD
