Author: i2wtc

A federal judge in Texas on Thursday dismissed a criminal conspiracy case against Boeing over two crashes of its 737 Max jetliner that killed 346 people, despite expressing sharp skepticism about the wisdom of the Department of Justice’s request that he toss the case.Some families of victims of the crashes had strongly opposed the DOJ’s move in May asking Judge Reed O’Connor to dismiss the case in U.S. District Court in Fort Worth. The DOJ, which had accused Boeing of deceiving federal regulators about a flight-control system implicated in the crashes, at the time of the dismissal request said Boeing…

The ESPN Bet logo on a laptop arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty ImagesDisney’s ESPN is swapping out its sports betting partner.In separate releases Thursday, the company said it was terminating its agreement with Penn Entertainment years earlier than planned and had signed an agreement with DraftKings to make it the exclusive official sportsbook and odds provider for ESPN.Both changes take effect in December.”Our betting approach has focused on offering an integrated experience within our products,” ESPN Chariman Jimmy Pitaro said in a statement. “Working with DraftKings, a leader in the…

Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty ImagesGoogle is making its most powerful chip yet widely available, the search giant’s latest effort to try and win business from artificial intelligence companies by offering custom silicon.The company said on Thursday that the seventh generation of its Tensor Processing Unit (TPU), called Ironwood, will hit the market for public use in the coming weeks, after it was initially introduced in April for testing and deployment.The chip, built in-house, is…

“Sustainability is not a cost, it’s an investment, and an intergenerational one,” said Faraz Khan, CEO and Managing Partner of Spectreco LLC USA, as he addressed a packed hall during the Future Summit session titled “Shaping the New Climate Economy” at Karachi’s Movenpick Hotel. Spectreco is an AI-driven ESG platform that performs data management and reporting across multiple industries, including real estate, infrastructure, hospitality, and finance. The discussion was part of the two-day Future Summit 2025 organised by Nutshell Group and the National Bank of Pakistan. Sustainability experts at the session called for bold leadership and actionable strategies to steer…

Duolingo’s stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization.”We have made a slight shift over the last quarter in how we invest, and we’re investing a lot more in long-term things because we see that as such a big opportunity ahead of us,” CEO and co-founder Luis von Ahn told CNBC’s Jon Fortt.For the current quarter, Duolingo expects bookings to range between $329.5 million and $335.5 million, falling short of a $344.3 million estimate from FactSet. Adjusted EBITDA was forecasted to range between $75.4 million and $78.8…

A CarMax dealership in Santa Rosa, California, on April 11, 2023.Justin Sullivan | Getty ImagesDETROIT – Shares of CarMax Inc. fell more than 12% during morning trading Thursday after the used car retailer announced a weak preliminary outlook for its current fiscal quarter and said CEO Bill Nash would be unexpectedly stepping down.The preliminary outlook for its third fiscal quarter includes an 8% to 12% decrease in comparable store used unit sales and net earnings per diluted share of between 18 cents and 36 cents, including 9 cents in non-recurring expenses related primarily to the leadership shakeup and other workforce…

Ryan Reynolds (L), Scarlett Johansson (C), and Matthew McConaughyReutersCybersecurity startup 1Password, by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday.”We believe we’re at a pretty significant inflection point in our journey,” CEO David Faugno told CNBC. “We’re set up for this next wave of disruption, which I think is an even bigger opportunity for us.”Faugno said he expects the company to surpass a billion dollars in ARR over the next “several years,” benefiting from a shift in the threat landscape due to artificial intelligence and more complex…

The FOSSTA Chinese New Year series products of IKEA, which made their global debut, are pictured at the Consumer Goods exhibition area during the 8th China International Import Expo (CIIE) in east China’s Shanghai, Nov. 6, 2025. Many exhibitors debuted their latest products at the 8th CIIE in Shanghai. (Xinhua/Wang Jingqiang)A visitor views Uniqlo and artist KAWS’ co-branded clothing series, which made their global debut during the 8th China International Import Expo (CIIE) in east China’s Shanghai, Nov. 6, 2025. Many exhibitors debuted their latest products at the 8th CIIE in Shanghai. (Xinhua/Wang Jingqiang)A visitor tries a sunscreen product of…

Khyber-Pakhtunkhwa’s Counter Terrorism Department (CTD), district police, and civilian intelligence agencies conducted a joint operation on Thursday in the Ambiri Kalla in the southern district of Karak, killing a most-wanted terrorist commander, Nisar Hakeem. According to officials, the terrorist commander was involved in multiple acts of terrorism and has long been on the list of security forces’ most-wanted list. During the operation, an intense exchange of fire took place between the security forces and the terrorists. Several police personnel sustained minor injuries during the exchange of fire. K-P Inspector General of Police (IGP) Zulfiqar Hameed praised the efforts of the…

Scott Olson | Getty ImagesSnap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results.The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app.As part of the agreement, Perplexity is set to pay the social media platform $400 million over one year “through a combination of cash and equity,” according to Snap’s letter to investors. The social media company expects to start seeing revenue from the deal in 2026.”Snap’s strategic partnership with Perplexity AI represents a meaningful step toward building out alternative…