Databricks, a leading data analytics software vendor, recently announced to investors its projected annualized revenue of $2.4 billion by the midpoint of the current year. This estimate represents a significant 60% increase in annual sales through July compared to the previous year. Despite challenges faced by the software industry due to economic factors such as
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The International Energy Agency (IEA) recently announced that a surge in global oil production, mainly led by the United States, is expected to exceed demand growth until the end of the decade. This oversupply of oil is predicted to result in unprecedented levels of spare capacity, potentially causing chaos in the OPEC+ market management. As
In a scathing response to House Republicans, the Department of Justice vehemently denied the unfounded allegations that the agency had any influence over the recent New York hush money trial involving former President Donald Trump. Assistant Attorney General Carlos Uriarte rebuked the claims, labeling them as “completely baseless” and “irresponsible.” The accusations by Republicans, particularly
OpenAI made significant moves on Monday by appointing two new top executives and announcing a collaboration with Apple. These developments mark a pivotal moment for the company as it continues to expand its reach in the tech sector. Sarah Friar, the former CEO of Nextdoor and finance chief at Square, has been appointed as the
Former President Trump is facing the aftermath of being found guilty on all counts in the hush money trial. The upcoming virtual interview with a New York City probation officer, scheduled to take place from his home at Mar-a-Lago, adds another layer of complexity to an already historic case. The probation interview, required by the
Boeing’s Starliner is a significant player in NASA’s Commercial Crew Program, aimed at transporting astronauts to and from the International Space Station. This human-grade space capsule was developed as part of a $4.2 billion contract signed in 2014. NASA’s decision to involve private companies like Boeing and SpaceX in the Commercial Crew Program marked a
Recently, Microsoft announced that they would be making changes to the Recall feature on their new Copilot+ PCs. This decision comes after security researchers raised concerns about potential vulnerabilities that could allow attackers to access user data through the AI feature. In response to these findings, Microsoft has taken steps to ensure that user privacy
The Federal Trade Commission and the Justice Department are gearing up to launch antitrust investigations into tech giants Microsoft, OpenAI, and Nvidia. These investigations will delve into the companies’ significant impact on the artificial intelligence industry, focusing on their behavior rather than mergers and acquisitions. As emerging startups like OpenAI and Anthropic gain traction in
The Amazon Labor Union made headlines as the first group of company workers to organize at a U.S. warehouse. Formed in 2021, the grassroots group of current and former workers gained national attention by winning a historic union election in Staten Island, New York at the JFK8 facility. Initially choosing to remain independent from major
In a recent announcement, data analytics software maker Databricks revealed its acquisition of Tabular, a startup specializing in optimizing data stored in the cloud. This strategic move is aimed at enhancing Databricks’ product development speed, especially in the face of increasing competition from entities like Snowflake. Although the exact price of the acquisition is undisclosed,