Rising Data Centre Demand Pushes Utilities to Invest The surge in data centre power demand is not only transforming the digital landscape but also significantly impacting the utilities sector. Across the nation, the insatiable appetite for data is driving up electricity bills, prompting utilities to make substantial investments to meet the escalating needs of these […]
Phishing scams surge with record losses in August
Phishing Scams Surge with Record Losses in August Phishing scams have long been a thorn in the side of online users, but the month of August brought a surge in fraudulent activity that left many crypto investors reeling. According to recent data, scams cost crypto investors a staggering $12.17 million in August alone, marking a […]
UAE emerges as major Bitcoin holder through mining operations
UAE’s Strategic Investments Propel It to Prominence as a Major Bitcoin Holder In recent years, the United Arab Emirates (UAE) has strategically positioned itself as a significant player in the global cryptocurrency market, particularly in Bitcoin holdings. Through a combination of enforcement actions and strategic investments, the UAE has emerged as a major Bitcoin holder, […]
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes Artemis, the holding company of the Pinault family, has recently made headlines with reassuring news amidst concerns over its financial health. Despite a noticeable increase in standalone debt, Artemis has swiftly moved to dispel any notions of financial strain, citing the spike in debt as […]
Why is the world’s most powerful quantum computer being built in Denmark?
The World’s Most Powerful Quantum Computer: Why Denmark Leads the Way Quantum technology is becoming very important for both business and global power. In the last decade, significant strides have been made in the field of quantum computing, with countries and companies worldwide racing to achieve quantum supremacy. Among these contenders, Denmark has emerged as […]
Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
Giorgio Armani Faces 24% Profit Dip in Challenging 2024, Prioritizes Strategic Investments The renowned Milanese fashion house, Giorgio Armani, recently disclosed a 24% decline in profits for the fiscal year 2024. This setback was primarily attributed to a decrease in revenues coupled with a marginal rise in operating expenses. Despite the unfavorable financial results, the […]
SoftBank shifts focus to AI and next-generation chips
SoftBank’s Strategic Shift: Investing in AI and Next-Generation Chips SoftBank, the Japanese multinational conglomerate, is making waves in the tech industry with its strategic shift towards investments in artificial intelligence (AI) and next-generation chips. This move signifies the company’s keen interest in emerging technologies that are poised to revolutionize various sectors, from healthcare to finance […]
BBVA advises wealthy clients to invest in crypto
BBVA Encourages Wealthy Clients to Consider Crypto Investments The world of finance is constantly evolving, and traditional banks are now starting to take notice of the increasing popularity of cryptocurrencies among investors. BBVA, a leading financial institution, is now advising its wealthy clients to explore the world of digital assets by considering investments in cryptocurrencies […]
Musk’s xAI seeks billions to expand AI data centres
Musk’s xAI Seeks Billions to Expand AI Data Centers Elon Musk, the renowned tech entrepreneur, has once again made headlines with his latest venture, xAI Holdings. In a surprising move, Musk has decided to step back from the chaotic world of politics and instead focus his energy and resources on the ever-expanding field of artificial […]
Felix Capital Appoints Laurent Droin Partner
Felix Capital Appoints Laurent Droin Partner Felix Capital, a renowned venture capital firm known for its strategic investments in the digital lifestyle sector, has recently made a significant addition to its team. Laurent Droin, who brings a wealth of experience and success in the investment world, has been appointed as a Partner at Felix Capital. […]