Collaboration Between States and Cybercriminals A recent report from Microsoft reveals that countries like Russia and Iran are increasingly enlisting the help of cybercriminals to conduct cyber espionage and hacking…
Category: Business
Tesla Receives Approval to Expand Controversial Factory in Germany
Initial Steps Toward Expansion Tesla has received the green light to begin expanding its electric vehicle factory located in Grünheide, near Berlin, Germany. The Brandenburg State Environmental Agency granted an…
Compliance with the EU AI Act: New Tool Evaluates AI Companies’ Adherence
AI Companies Face Compliance Challenges As AI technology rapidly advances, big tech companies like Apple and Meta have adopted a cautious approach to deploying their AI models in Europe. A…
Elon Musk’s Social Media Platform X Avoids EU’s Gatekeeper Designation
EU Confirms X’s Status The European Commission recently announced that Elon Musk’s social media platform, X, does not qualify as a gatekeeper according to the EU’s groundbreaking Digital Markets Act…
Nvidia Shares Soar to New Heights Amid Surging Demand for AI Chips
Record-High Stock PerformanceNvidia’s shares reached an all-time high on Monday, closing at $138.07, propelled by soaring demand for its latest supercomputing AI chips, known as Blackwell. Analysts have expressed continued…
Google Partners with Kairos Power to Deploy Small Nuclear Reactors for AI Data Centres
Revolutionizing Energy with Nuclear PowerTech powerhouse Google has announced a groundbreaking partnership with Kairos Power to harness small nuclear reactors (SMRs) to fuel its data centres. This move aims to…
Dutch Authorities Investigate Telegram’s Inadequate Response to Illegal Content Requests
Investigation Launched Over Non-ComplianceDutch prosecutors and law enforcement are scrutinizing Telegram for its insufficient cooperation with requests to remove illegal content from the platform. In a recent letter to Parliament,…
Swiss Regulator Demands UBS to Enhance Emergency Protocols After Credit Suisse Takeover
Crisis Management Improvements RequiredThe Swiss financial regulator, FINMA, has mandated UBS to bolster its crisis planning following the bank’s acquisition of Credit Suisse in 2023. In a statement released on…
ASML Faces Major Stock Decline After Earnings Misstep
Early Earnings Release Triggers Market ReactionASML, a leader in semiconductor manufacturing equipment, experienced a dramatic 15.7% fall in share value on Tuesday—the largest single-day drop since the company’s IPO in…
EU Moves Toward Faster Securities Trades with T+1 Settlement Plan
Regulators Embrace Faster TransactionsIn a significant move, EU regulators announced their intention to accelerate the settlement process for securities transactions, aiming for completion within one day, or T+1. This announcement…