Author: i2wtc
Michael Intrator, CoreWeave CEO appears on CNBC on July 17, 2024.CNBCCoreWeave CEO Michael Intrator told CNBC Tuesday that the firm’s proposed acquisition of Core Scientific would be a “nice to have” rather than a necessity as shareholders prepare to potentially block the deal.In July, AI cloud provider Coreweave proposed an all-stock deal valued at around $9 billion to buy the Bitcoin miner and data center firm, Core Scientific. Immediately after the news, Core Scientific’s stock price fell, plummeting nearly 18%.The deal has received criticism with key proxy advisor Institutional Shareholder Services (ISS) recommending on Monday that shareholders vote against the acquisition. Core Scientific’s…
Global study finds Pakistan among top developing countries hit hardest by financial fraud with losses estimated at $9. KARACHI: Pakistan is among the top developing countries losing a large portion of its economy to financial scams, costing nearly 2.5% of its GDP, according to the Global State of Scams Report 2025 by the Global Anti-Scam Alliance and Feedzai. Based on Pakistan’s current GDP, the 2.5% loss equals about $9.3 billion, 33% more than the country’s $7 billion International Monetary Fund (IMF) loan, highlighting the staggering scale of damage caused by fraud and digital scams. The report, which surveyed 46,000 adults…
Apple CEO Tim Cook holds new iPhones during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California.Justin Sullivan | Getty Images Critics may sneer at the iPhone 17 Pro’s fluorescent orange finish, but Apple’s “Cosmic Orange” smartphone seems to be dazzling where it counts — in sales and shares.The newest iPhone 17 series, which includes the base iPhone 17 and its overachieving Pro and skinny Air siblings — that come in colors other than orange, to be clear — has been outselling its predecessor in the U.S. and China, according to Counterpoint Research. In China,…
Procurement to cost Rs542b amid disputes over price, storage, and provincial share ISLAMABAD: The International Monetary Fund (IMF) has once again allowed Pakistan to purchase wheat to replenish its depleting reserves, while leaving it to the government to determine the strategic stock level and proceed with plans to buy 6.2 million tonnes this year, an aide to the prime minister said on Monday. Ahmed Umair, the Prime Minister’s Coordinator on Agriculture, clarified that the officially announced price of Rs3,500 per 40 kilogrammes is not a fixed support price but an indicative rate linked to international market trends and subject to…
Sanae Takaichi created history on Oct. 21, winning Japan’s parliamentary vote to become the country’s first women prime minister.Philip Fong | Afp | Getty ImagesSanae Takaichi on Tuesday created history, winning Japan’s parliamentary vote to become the country’s first woman prime minister.Takaichi garnered 237 votes in the first round of voting, negating the need for a runoff vote in the 465-seat Lower House, according to public broadcaster NHK.Her victory comes after the ruling Liberal Democratic Party allied with the Japan Innovation Party and reportedly signed an agreement over the weekend to form a coalition government. Takaichi agreed to back JIP…
Artificial intelligence is expected to democratize access to technology, making it a boon for would-be founders in emerging markets — but some investors disagree. “AI will change everything for emerging markets,” said Anton Osika, CEO and co-founder of Swedish startup Lovable, which allows others to create apps and websites via prompting, removing the need for technical knowledge. “Most of the world’s best ideas are stuck in the heads of people who can’t code. That’s especially true in emerging markets where many people deeply understand local problems in areas such as healthcare, logistics and education, but don’t necessarily have the tools…
A General Motors Co. Chevrolet Silverado truck at a dealership in Upland, California, US, on Wednesday, Oct 15, 2025. Kyle Grillot | Bloomberg | Getty ImagesDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday amid a litany of challenges facing the automotive industry.Here is what Wall Street is expecting, according to average estimates compiled by LSEG:Earnings per share: $2.31 adjustedRevenue: $45.27 billionThose results would mark a 7.2% decrease in revenue compared with a year earlier and a 22% drop in adjusted earnings per share. GM’s 2024 third-quarter results included $48.76 billion in revenue, net…
A major AWS outage caused widespread app disruptions, prompting social media users to react with creative memes A massive outage affecting Amazon Web Services (AWS) on October 20, 2025, brought much of the internet to a standstill — and, in true online fashion, sparked a wave of memes and jokes across social media. The disruption, which hit AWS’s US-EAST-1 region, caused widespread downtime for platforms including Snapchat, Fortnite, Roblox, Venmo, and Slack. Users flooded X (formerly Twitter) and Reddit to report the outage, with “AWS down” quickly trending worldwide. While businesses scrambled to manage the fallout, netizens did what they…
A failure in DynamoDB DNS lookup caused cascading outages for dozens of popular platforms On 20 October 2025, a major internet outage knocked dozens of popular websites and apps offline, leaving users worldwide unable to log in, pay, or use familiar services for several hours. Amazon Web Services (AWS) — the cloud company that hosts whole stacks for many businesses reported the incident and engineers raced to restore normal operations. In plain terms: many online services rely on central tools that store and fetch data. One of those tools, an Amazon database called DynamoDB, started returning errors and timing out in…
Consumers experience the iPhone 17 in an Apple store in Shanghai, China on October 13, 2025. Cfoto | Future Publishing | Getty Images Critics’ displeasure at the iPhone 17 Pro’s fluorescent orange color aside, Apple’s “Cosmic Orange” smartphone has charmed fans — and investors.The newest iPhone 17 series, which includes the base iPhone 17 and its overachieving Pro and skinny Air siblings — that come in colors other than orange, to be clear — has been outselling the previous one in the U.S. and China, according to Counterpoint data. In fact, the iPhone Air sold out within minutes of going…