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Nvidia Hit With DOJ Subpoenas in Escalating Antitrust Investigation

Nvidia shares tumbled further in after-hours trading Tuesday following a report by Bloomberg that the Department of Justice (DOJ) has issued subpoenas to the chipmaking giant as part of an ongoing antitrust investigation. This news comes on the heels of a brutal day for Nvidia, which saw its stock plummet

Canva's Price Shock, Nvidia's AI Power Play, and ByteDance's Big Borrow

SaaS & Infra | AI | Consumer | Venture SaaS & Infra Canva Price Hike Sparks Backlash Australian design platform Canva is facing criticism for a significant price increase to its Canva Teams product. Some users have seen their annual bills more than triple, prompting complaints about affordability and the value proposition of

Samsung Acquires French AI Ultrasound Startup Sonio for €86 Million

Samsung Medison, the medical equipment subsidiary of tech giant Samsung Electronics, has finalized its acquisition of Sonio, a French startup specializing in AI-powered ultrasound technology, for €86 million ($93 million). This strategic move highlights Samsung's growing interest in leveraging artificial intelligence to enhance its healthcare offerings. Founded in

CrowdStrike Braces for Legal and Congressional Firestorm Following Global IT Meltdown

Cybersecurity firm CrowdStrike is facing a multi-front battle in the wake of a disastrous software update that crippled millions of computers worldwide in July. Alongside mounting lawsuits from disgruntled customers and shareholders, the company is now set to be grilled by US lawmakers over the incident. As reported by TechCrunch,

Nvidia: From Chip Powerhouse to AI Data Center Architect

Nvidia, already a dominant force in AI chips, is aggressively expanding its reach to encompass the entire data center ecosystem. The company's CEO, Jensen Huang, envisions Nvidia as a "one-stop shop" for building "AI factories," offering not just its renowned chips but also software,

Canva Sparks Outrage With Steep Canva Teams Price Hike

Graphic design platform Canva is facing backlash from users following a significant price increase for its Canva Teams product, as reported by the Australian Financial Review. The change, which introduces a per-user pricing structure, has sparked accusations of being "outrageous" from long-time subscribers. Under the new model, US-based

ByteDance Seeks Record $9.5 Billion Loan

ByteDance, the Chinese tech giant behind TikTok, is seeking a massive $9.5 billion loan, aiming to secure the largest dollar-denominated corporate facility ever seen in Asia, excluding Japan. This news comes from separate reports by Reuters and Bloomberg. Citigroup, Goldman Sachs, and JPMorgan are reportedly coordinating the loan, structured

OpenAI Lures New Funding as Dell Surges on AI Demand, Atlassian Snags Rewatch for AI Meetings

Cloud & Infra | AI | Consumer | Venture Cloud & Infra Dell Experiences Soaring Server and Networking Revenue Thanks to AI Dell Technologies has reported an 80% surge in server and networking revenue, driven by high demand for AI infrastructure. The company's close partnership with Nvidia and its focus on

Box's AI Gamble Shows Early Promise, But Revenue Growth Still a Question Mark

Cloud content management company Box Inc. saw its stock surge in after-hours trading on August 27th, following a strong second-quarter performance that exceeded Wall Street's expectations. The company reported earnings before certain costs of 44 cents per share on revenue of $270 million, prompting an increase in its

Snowflake Stock Stumbles Despite Earnings Beat as AI Concerns Persist

Snowflake Inc. (SNOW) shares took a tumble on Wednesday, plunging 14.7% despite reporting second-quarter earnings that beat analyst expectations. The stock's decline stemmed from a combination of a modest earnings beat and a guidance update that failed to quell investor worries about the company's AI