Technology

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SoftBank soars as Nvidia earnings signal strong AI momentum

CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of SoftBank Group skyrocketed Thursday as blockbuster earnings from Nvidia overnight signaled strong momentum in the artificial intelligence...
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IPO filing sets stage for record offering

Major SpaceX investors include Valor’s Antonio Gracias and Founders Fund’s Luke Nosek Antonio Gracias, CEO of Valor Equity Partners and a SpaceX board member, will have sizable control over SpaceX. Ahead of the IPO, the venture capitalist owned 503.4 million Class A shares, or 7.3% of the total. SpaceX’s xAI subsidiary leases equipment from Valor,...
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Company cutting 17% of staff

Intuit CEO Sasan Goodarzi speaks at the ribbon-cutting ceremony during opening night at Intuit Dome in Los Angeles on Aug. 15, 2024. Amy Sussman | Wireimage | Getty Images Tax and finance software maker Intuit said Wednesday that it’s cutting 17% of its full-time workforce, the latest tech company to announce a mass downsizing during...
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