Tag: Business
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FIFA unveils Netflix World Cup game timed for 2026 tournament kickoff
June 4 : FIFA will release a new football video game, FIFA World Cup: Launch Edition, on Netflix Games on June 11, timed to coincide with the start of the 2026 World Cup, the soccer governing body said on Thursday.The title will be available exclusively to Netflix subscribers at no additional cost, as world s
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Are German businesses returning to Russia’s SPIEF meeting?
Russian officials and media claim German businesses are comming back to the St. Petersburg Economic Forum despite the war in Ukraine. But who is actually attending Russia’s flagship event this year?
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Canada says AI strategy will help create 250,000 jobs, boost GDP by 3%
TORONTO, June 4 : Canada unveiled a new artificial intelligence strategy on Thursday that it says will help create 250,000 jobs by 2031 and includes a new C$500 million ($360.05 million) tech fund to help homegrown AI firms.The strategy, called “AI for all”, was announced by Prime Minister Mark Carney as the
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US House lawmakers release draft bill to regulate AI
WASHINGTON, June 4 : A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from passing laws “targeting artificial intelligence model development,” according to copy of the draft.The draft legislation, released by Democrat Lori Trahan of Massachusetts
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Honeywell’s Quantinuum set to open higher in Nasdaq debut after upsized IPO
June 4 : Shares of Honeywell-backed Quantinuum were indicated to open 1.67 per cent above their initial public offering price in their Nasdaq debut on Thursday, giving the quantum computing company a potential valuation of about $15.82 billion.The stock was last indicated to trade at $61, compared with its IP
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US Supreme Court backs FCC in clash with wireless carriers over fines
WASHINGTON, June 4 : The U.S. Supreme Court backed the Federal Communications Commission’s system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win to President Donald Trump’s administration.The ruling was 8-1. At issue in the
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Goldman Sachs expects SpaceX’s AI revenue to surge 100-fold by 2030, FT reports
June 4 : Goldman Sachs expects revenue from SpaceX’s AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank’s forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX’s total revenue to rea
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CrowdStrike shares fall as ‘Mythos moment’ fails to cheer investors
June 4 : CrowdStrike shares slid 8 per cent on Thursday after the company’s quarterly forecasts failed to meet steep investor expectations, even though demand for cybersecurity software was buoyed after Anthropic announced its Mythos AI model.If the losses persist, the cybersecurity firm’s $190.29 billion mar
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Pinterest deepens Amazon partnership with $4 billion cloud deal
June 4 : Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its largest-ever deal.Shares of Pinterest were up nearly 5 per cent, while those of Amazon rose 1.7 per cent.Amazon.com’s
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Standard Chartered’s crypto bull sticks to $100,000 bitcoin call despite ‘painful’ week
June 4 : Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of the year despite a “painful” week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has
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