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Workday shed $40 billion in value. Founder Aneel Bhusri is back with a $139 million bet he can turn it around

Bhusri’s return to the top job at the human resources software company reflects the belief that only a founder with billions on the line and a personal legacy at stake has the unique vision and authority to steer the ship through difficult waters. And with majority voting control plus operational authority as CEO, Bhusri will have more power to make…

Matt Shumer’s viral blog about AI’s looming impact on knowledge workers is based on flawed assumptions

It is true that there are benchmarks that show the most recent AI models making rapid progress on professional tasks outside of coding. One of the best of these is OpenAI’s GDPval benchmark. It shows that frontier models can achieve parity with human experts across a range of professional tasks, from complex legal work to manufacturing to health care. So…

Instagram boss reveals he’s paid $900k per year plus stock worth ‘tens of millions of dollars’ as he denies ‘addiction’ claims

Mosseri, who has led Instagram since 2016, revealed under questioning that he is paid roughly $900,000 a year and receives annual performance-based bonuses that can be up to half his salary, according to multiple outlets covering the trial. Mosseri also earns stock-based pay, which he said varies yearly but has been in the “tens of millions of dollars.” Some years,…

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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge

The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…

India Revs Up EV Industry: New Policy to Attract Investment

Buckle up, India! The Indian government has shifted into high gear with…

UBS Recommends European Stocks Over US: A Shift in Investment Strategy

In a surprising shift, investment banking giant UBS urges investors to focus…

US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends

It's a pivotal week for the US stock market as earnings season…

Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry

Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…

Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies

The Indian stock market has witnessed a period of turbulence, with the…

Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans

Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…

AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development

Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…

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