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Microsoft Rides ‘AI Infrastructure Wave’ as Cloud Services Demand Jumps
Microsoft ended its fiscal year with a blowout fourth-quarter performance, driven by demand for cloud and artificial intelligence (AI) services that led to a 34% increase in Azure’s annual revenue t...
Robinhood Rides Crypto Surge, Bitstamp Deal to Nearly $1B Revenue
Robinhood Markets on Wednesday (July 30) delivered second-quarter 2025 results that reveal a company pivoting sharply from its roots in commission-free retail trading toward a diversified, multilane f...
White House Says 60 Firms Commit to Build Digital Health Ecosystem
The White House said Wednesday (July 30) that several healthcare and tech companies pledged to begin building a “next-generation digital health ecosystem.” [contact-form-7] This initiati...
Senator Reintroduces Bill to Create AI Regulatory Sandbox for Financial Services
A bipartisan bill to establish regulatory sandboxes for artificial intelligence (AI) experimentation in financial services took center stage at a Senate subcommittee hearing Wednesday (July 30), as la...
Microsoft Backs Up A.I. Spending With $27.2 Billion Quarterly Profit
The company’s results are likely to ease investors’ worries that big investments in artificial intelligence aren’t paying off....
‘Superintelligence’ Will Create a New Era of Empowerment, Mark Zuckerberg Says
Mr. Zuckerberg made his comments about the hypothetical artificial intelligence as Meta posted a 36 percent quarterly increase in profit and a 22 percent jump in revenue....
White House Report Says Stablecoins Will Keep Dollar Dominant
On Wednesday (July 30), the White House released its long-awaited report on digital asset policy, marking one of the most concerted federal efforts yet to bring structure to the cryptocurrency sector....
Fintechs Flood JPMorgan With 1,890,000,000 Customer Data Requests, ‘Massively Taxing’ Bank’s Systems, According to Insider
Financial technology middlemen reportedly sent investment banking giant JPMorgan Chase 1.89 billion data requests in the month of June. In an internal company memo reviewed by CNBC, a JPMorgan systems...
Canada’s Bill C-2 Opens The Floodgates To U.S. Surveillance
The Canadian government is preparing to give away Canadians’ digital lives—to U.S. police, to the Donald Trump administration, and possibly to foreign spy agencies. Bill C-2, the so-called Strong ...
Legislation Introduced in House to Promote Utilization of AI in Financial Services
The House Financial Services Committee, along with the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, have joined to introduce legislation that aims to support the ...
Newswire > Tag: technology
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