The apocryphal quip attributed to Mark Twain, “the rumors of my death are greatly exaggerated,” rings true for certain companies in the software space amidst widespread but premature fears of AI-driven obsolescence. Over the last year, approximately $2 trillion in software value has been torched on fears that AI will render many software businesses obsolete
Nvidia jolted investors on Wednesday with a projection that its revenue would skyrocket by 70% next fiscal year and said demand for its AI chips is growing at 100%, prompting an after-hours stock rally. The 70% preliminary expectation wildly exceeded projections for fiscal 2028 revenue of roughly $570 billion, or 44% growth from fiscal 2027
The Food and Drug Administration on Wednesday approved Rasonque, a once-daily pill developed by Revolution Medicines to block several forms of the RAS protein — the mutation that drives tumor growth in most pancreatic cancers, and in roughly a quarter of all human cancers overall. For investors like Dr. Danish Nagda, an early shareholder in
Memecoins once again seized on a viral news moment, with Dolly Parton becoming their latest target. After news broke Tuesday that the beloved country singer had died, users rushed to popular memecoin platforms to launch tokens, known for being driven by online trends and hype rather than underlying value, in her name. What followed was
Meta is not actually committing to pay the $17.1 billion figure attached to this week’s child safety settlement, at least not on its own. California Attorney General Rob Bonta, whose office led the case, put the settlement at “up to $17 billion,” saying Meta “must make massive transformations that will reduce the risk of harm
If there’s one thing that AI companies are known for, it’s their fondness for seemingly incomprehensible numbers. Over the last few years, the industry has seen eye-watering salaries, unprecedented adoption figures, and never-before-recorded capital expenditure. Now come total addressable market estimates—known as TAMs—worth roughly 40% of the entire US equity market. AI lab Anthropic, reportedly