Artificial intelligence
The U.S. Department of the Treasury is making significant moves in the context of foreign investment and national security, announcing its intent to launch a Fast Track Pilot Program under the Committee on Foreign Investment in the United States (CFIUS) for foreign investors and reviewing a $75 million investment
Artificial intelligence
Siemens' Questa One software portfolio will now integrate Caspia's security technologies to strengthen resistance against AI-assisted data breaches involving hardware. This collaboration addresses the critical need for advanced Security-on-Chip (SoC) designs in the face of increasing AI-fueled cyber threats. Caspia's industry-leading GenAI security technology will
Artificial intelligence
Disney and Universal Studios, the two largest film studios in the United States, have filed a copyright infringement lawsuit against Midjourney, a popular AI image generation start-up. This high-profile lawsuit marks the first time industry heavyweights have joined the fray in the ongoing debate over AI-generated content. The plaintiffs, which
Artificial intelligence
Amazon CEO Andy Jassy has sent a memo to employees warning them that artificial intelligence will likely reduce the company's workforce as AI takes over tasks previously handled by humans. In the next few years, Jassy expects AI to bring efficiency gains to the company, potentially cutting its
Artificial intelligence
Cyberattacks have surged globally, increasing the risk to creditworthiness of debt issuers, particularly in the healthcare and public sectors. Moody's credit rating agency reports that the number of organisations experiencing cyber incidents has climbed from 4-5% per year before 2019 to around 7% since 2020. These incidents are
Stock prices
Intuit Inc, the maker of financial software solutions such as TurboTax and QuickBooks, reported robust Q3 earnings, leading to a significant increase in its stock price. The company's fiscal Q3 revenue of $7.88 billion exceeded analysts' estimates, while its adjusted earnings per share rose 18% from
Stock prices
Despite reporting weaker second quarter earnings, Autodesk Inc's shares rose after hours on Thursday due to the company's raised year-end revenue target and unchanged overall business momentum. The San Francisco-based software provider's shares traded up 2.5% after hours in New York, despite earlier
Stock prices
Lightspeed Commerce Inc. reported a net loss of US$575.9-million in its fiscal fourth quarter, largely due to a goodwill writedown triggered by its weak stock price. Despite this, the company provided a year-ahead forecast that was largely in line with expectations, and its chief executive, Dax Dasilva, expressed
Artificial intelligence
Shopify, a Canadian e-commerce software company, is embracing artificial intelligence (AI) in its latest product developments to ease the process of creating online stores and shopping assistants for merchants and developers. The company announced Wednesday, through its semi-annual Editions showcase, 150 new product launches or enhancements, many of which incorporate
Artificial intelligence
Siemens Digital Industries Software and Cybord, a leading provider of advanced visual-AI electronic component analytics, have signed a new OEM agreement to integrate Cybord's cutting-edge AI technology with Siemens' Opcenter software for Manufacturing Execution Systems (MES). This collaboration will empower manufacturers to enhance quality control of their
Stock prices
A cohort of minority shareholders, including current and former employees, are alleging that FNZ Group, a financial software provider, unfairly diluted their shares by raising $1.5 billion in April 2024 and another $1.1 billion in May 2024. The shareholders claim that the company's decision to issue
Artificial intelligence
At Microsoft's annual developer conference, Build 2024, Elon Musk made a surprise virtual appearance to announce that his AI chatbot, Grok, will be hosted on Microsoft's data centers. Musk's xAI company has been working on a competitor to OpenAI's ChatGPT, and this
