general

Microsoft Faces $800 Million Charge on Stake in GM's Cruise

11 days ago

In a recent financial revelation, Microsoft Corp. has announced it will incur an $800 million charge related to its investment in Cruise, General Motors' autonomous vehicle subsidiary. This substantial write-down comes as part of the tech giant's broader strategy to adjust its investments in emerging technologies amidst an ever-evolving market landscape.

CFOs Embrace Venture Capital Techniques: A New Era for Corporate Growth

2 months ago

In a significant shift towards innovative growth strategies, finance chiefs from leading companies such as Aflac and General Mills are increasingly adopting venture capital approaches to enhance their corporate portfolios. This trend marks a departure from traditional business growth methods, signaling a robust response to the evolving market dynamics that demand agility and creativity in corporate finance.

OpenAI Secures Massive $6.5 Billion in Latest Funding Round

3 months ago

The pragmatic news in the technology world is that Open AI successfully closed its new funding round, raising over 6.5 billion dollars. It follows from an announcement on October 2nd of very robust confidence by investors in future projects that the Artificial Intelligence research lab will carry out.

Google Triumphs in $1.5 Billion EU Antitrust Fine Appeal

3 months ago

The European Union General Court broke ground in the ongoing legal tussle between Google and EU regulators as it overturned the Union's earlier decision to slap the tech giant with a fine of $1.5 billion for antitrust violations centers around its advertising practices. The ruling held on September 18, was the chief keystones of Google's ongoing battle with EU regulators.