Databricks, a leading data analytics software vendor, recently provided investors with an optimistic outlook on its financial performance. The company projected that its annualized revenue would reach $2.4 billion by the midpoint of the current year, representing a 60% increase from the previous year. This growth comes at a time when the software industry is
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The International Energy Agency recently released a report indicating a significant shift in the global oil production landscape. According to the report, a surge in U.S.-led oil production is expected to outstrip demand growth until the end of the decade. This surge will result in unprecedented levels of spare oil production capacity, potentially disrupting OPEC+
The Department of Justice recently issued a scathing response to House Republicans for spreading baseless claims that the federal agency was involved in the New York hush money trial of former President Donald Trump. Assistant Attorney General Carlos Uriarte vehemently denied the conspiracy theory, stating that there is no evidence to support such allegations. Uriarte
Recently, OpenAI made significant moves in reshaping its leadership team by hiring two top executives. Sarah Friar, who previously held roles as the CEO of Nextdoor and the finance chief at Square, will be stepping into the role of chief financial officer at OpenAI. Additionally, Kevin Weil, a former president at Planet Labs, has been
Former President Trump is set to undergo a virtual interview with a New York City probation officer at his home in Mar-a-Lago, accompanied by his attorney Todd Blanche. The interview comes after Trump was found guilty on all counts in the hush money trial. This probation interview is a requirement set by the court as
Boeing’s Starliner, a human-grade space capsule intended for transporting astronauts to and from the International Space Station, has faced numerous setbacks since its inception in 2014. Despite being awarded a $4.2 billion contract with NASA as part of the Commercial Crew Program, Boeing has struggled to meet its obligations to deliver six missions as promised.
Microsoft recently announced that the Recall feature on new PCs, which uses artificial intelligence to capture screenshots and search user activity, will be turned off by default due to security concerns. This decision comes after security researchers discovered that attackers could potentially access the data collected by the feature. As Microsoft continues to integrate generative
The Federal Trade Commission and the Justice Department are gearing up to launch antitrust investigations into technology giants Microsoft, OpenAI, and Nvidia. These investigations will delve into the influence these companies wield over the artificial intelligence industry. The FTC will be responsible for looking into Microsoft and OpenAI, while the DOJ will focus its efforts
The Amazon Labor Union, a group of company workers who organized at a U.S. warehouse, recently announced an affiliation with the International Brotherhood of Teamsters. Formed in 2021, the ALU gained national attention by winning a historic union election in Staten Island, New York, at a facility known as JFK8. Initially established as an independent
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 move comes at a crucial time for Databricks as it faces stiff competition from industry giants like Snowflake. The acquisition, although the exact price remains undisclosed, is reported to be