SoFi Technologies, a California-based financial tech company, has secured up to $2.4 million in taxpayer-funded incentives to expand operations into Charlotte, North Carolina.
A major outage in Amazon Web Services (AWS) disrupted global internet infrastructure early Monday, affecting scores of popular websites, apps, and platforms used daily by millions.
The Dutch government has stepped in to take control of semiconductor firm Nexperia, citing “highly exceptional” risks to European economic security stemming from the company’s Chinese ownership and governance gaps. Nexperia, based in Nijmegen in the Netherlands, is owned by China’s Wingtech Technology.
The Department of Justice (DOJ) and Google have concluded two weeks of hearings over how to address the tech giant’s illegal monopoly in the online advertising market, marking a major moment in one of the most significant antitrust battles in decades. The case, held in the U.S. District Court for the Eastern District of Virginia, follows an April ruling by Judge Leonie M. Brinkema that found Google had unlawfully monopolized publisher tools and ad transaction software.
Elon Musk’s artificial intelligence startup, xAI, has raised $20 billion in a major funding round led by chipmaking giant Nvidia, solidifying the company’s position as one of the fastest-growing players in the AI sector. The deal combines $7.5 billion in equity and up to $12.5 billion in debt through a special purpose vehicle (SPV) that will allow xAI to acquire and rent Nvidia processors for five years.
Security researchers from Mandiant and Google are investigating a new extortion campaign targeting corporate executives with claims that hackers stole data from Oracle’s E-Business Suite systems.
