Snowflake CEO Frank Slootman's decision to step down caused an 18% decline in the company's stock price.
Sectors
Salesforce's Chief Ethical Officer Optimistic About US AI Regulation, Says Momentum is Building
Amid rapid AI development, Salesforce's Paula Goldman sees hope for US regulation, citing bipartisan support. Despite challenges, the company thrives financially, fueled by AI integration in its offerings.
Joe Biden Orders Investigation Into 'Smart Cars' Built in China, Other Foreign Adversaries Over Security Concerns
The administration of President Joe Biden has announced an investigation into "smart cars" built in China and other "countries of concern," citing potential national security risks.
Virgin Galactic to Pause Space Flights to Focus on Developing Its Next-Generation Delta-Class Spacecraft
Virgin Galactic has announced a pause in its space flights to redirect resources to developing its next-generation Delta-class spacecraft.
Electronic Arts to Cut 5% of Employees Amid Ongoing Layoffs in Gaming and Tech Sector
Electronic Arts has announced its plan to reduce its workforce by about 5%. Electronic Arts has announced its plan to reduce its workforce by about 5%, or roughly 670 employees, amid ongoing layoffs in the technology and gaming industry.
Latest News
The IOTA foundation is investing $10 million in early-stage startups focusing on digital trade and tokenization of real-world assets, fostering innovation within the IOTA ecosystem.
Denver-based TRVE Brewing has announced the closure of its Acid Temple facility amid industry challenges post-COVID-19 pandemic.
The Federal Reserve may decrease interest rates in June following the lowest annual gain in over three years in the United States.
According to US regulators, they will be investigating internal communications to see if OpenAI's CEO, Sam Altman, potentially deceived investors.
GSK resolves California lawsuit over Zantac cancer claims in a confidential settlement, avoiding trial amid ongoing legal battles.
Reportedly, semiconductor businesses may confront water shortages as chip production technology advances.
Hacking group LockBit has issued a ransom demand to prevent the release of documents related to the criminal case against former President Donald Trump in Georgia.
House Republicans grilled President Joe Biden's son, Hunter Biden, about his foreign business dealings during his closed-door deposition on Wednesday.
Oprah Winfrey's announcement that she was leaving WeightWatchers International, Inc.'s board has made the company's shares tumbling.
