Nvidia Corporation has agreed to pay $5.5 million to settle civil charges that the technology firm did not properly disclose the impact of cryptomining on its gaming business, the U.S. Securities and Exchange Commission (SEC) said on Friday. Nvidia failed to disclose that cryptomining was a “significant element” of its revenue growth during back-to-back quarters […]
Search results for "X"
Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential. With the technology investor poised to post full-year earnings, comments from founder and Chief Executive Masayoshi Son […]
No one yet knows what exactly the Metaverse will look like. Large companies are pouring not millions but billions of investment money to stake their claim on the Metaverse before it fully materializes, Among the tech giants most invested in the Metaverse, Qualcomm. Meta, formerly Facebook, has sunk over $3 billion “laying the groundwork” for […]
European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2 percent to touch its lowest since March 10. Miners fell 2.8 percent as Chinese […]
Omantel (formerly known as General Telecommunications Organization) is the first telecom company in Oman founded in the 1990s and offering a wide range of services including fixed telephony, fixed and mobile broadband, and mobile voice and data services. The last few years were not all rosy for the leading Omani operators. One of the first […]
The prospect of being replaced by robots or AI has long lived in the collective human psyche. From science fiction novels to economic influencers and doomers, they all see some future where humans must contend with mass automation and job loss brought by the 4th industrial revolution and its effect on employment. While arguments about […]
Elon Musk’s decision to accept some foreign investors as part of his $44 billion buyout of Twitter Inc runs the risk of inviting the kind of regulatory scrutiny over U.S. national security that social media peer TikTok faced, legal experts say. Musk disclosed on Thursday that Saudi Arabia’s Prince Alwaleed bin Talal, Qatar’s sovereign wealth […]
Uganda’s central bank is considering whether to issue a digital currency and has not banned cryptocurrencies, but has concerns about risks from the technology including consumer protection and financial inclusion, a senior bank official said on Friday. “Bank of Uganda is currently doing preliminary studies on whether or not a central bank digital currency should […]
A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility. The S&P 500 index dropped 3.6 percent on Thursday, a day after racing 3.0 percent higher on the Federal Reserve’s monetary policy statement. Over the last five sessions, the index […]
The smartification pandemic has massively hit vehicle software intelligence in automotive industry. All areas from car manufacturing to the tiniest component of the resulting vehicle have witnessed an overhaul that rely on artificial intelligence (AI)-based operational optimization. Power delivery, predictive component performance, assistant/autonomous driving are just a few instances exemplifying the radical change in progress. […]