Verily, the health tech subsidiary of Alphabet, has confirmed its decision to sell Granular Insurance Company to Elevance Health, a notable player in the insurance sector. This move is part of a broader trend of dramatic organizational changes within Verily, which has undergone significant restructuring in the wake of leadership transitions and workforce reductions. The
Enterprise
As Amazon prepares to release its fourth-quarter earnings report, scheduled for Thursday after the market closes, analysts and investors are eager to glean insights into the company’s financial health and future prospects. Expectations set by LSEG indicate that Amazon will report earnings of approximately $1.49 per share and generate revenue around $187.3 billion. Such figures
In the ever-evolving landscape of ride-sharing services, Uber Technologies Inc. remains a significant player, revealing a complex financial narrative as it disclosed its fourth-quarter results. Despite showing an impressive year-over-year revenue increase, investor sentiment took a hit post-announcement, particularly as guidance for the upcoming quarter fell short of expectations. Uber’s fourth-quarter performance painted a picture
The venture capital community is mourning the loss of Dick Kramlich, who passed away recently at the age of 89. His death came unexpectedly, as confirmed by his daughter, Christina Kramlich. Unlike many who face prolonged illnesses, his passing came as a shock, leaving his family and colleagues to grapple with the suddenness of it
The world of financial technology (fintech) has seen numerous players scaling remarkable heights, but navigating the path to profitability remains a substantial challenge. GoCardless, a London-based fintech unicorn, serves as a compelling case study in this regard. Known for simplifying recurring payment collection for businesses, GoCardless has recently demonstrated significant strides in reducing losses and
TikTok, a platform that has revolutionized the social media landscape, recently faced a significant setback when its services were temporarily halted in the U.S. The fallout was dramatic—a staggering 85% drop in usage, prompting an urgent need for recovery. However, recent data from Cloudflare Radar indicates that TikTok has made remarkable strides toward regaining its
Recently, an air of intrigue enveloped the tech community following claims from China’s DeepSeek, which suggested that its large language model (LLM) has outperformed OpenAI’s offerings while incurring significantly lower training costs. However, the rapid emergence of this development has raised critical questions regarding the semiconductors utilized in constructing DeepSeek’s R1 reasoning model. Amid stringent
In an environment marked by rapid technological evolution and shifting priorities, Google is laying the groundwork for a significant transformation within its Platforms and Devices division. With more than 25,000 full-time employees engaged in critical projects such as Android and ChromeOS, the company is now presenting an option for voluntary buyouts to its employees. This
On a particularly tumultuous Thursday in the stock market, United Parcel Service (UPS) saw its shares tumble by over 15%, marking a poignant moment of reckoning for the shipping giant. This dramatic decline followed the company’s revelation of underwhelming revenue guidance for the upcoming year, coupled with a significant strategic pivot: the decision to slash
Tesla, a trailblazer in the electric vehicle (EV) market, is no stranger to scrutiny. As the company released its fourth-quarter earnings report, it found itself at the precarious intersection of political engagement and business performance. The timing could not have been more notable; just a week prior, a politically charged atmosphere enveloped Washington, D.C., with