Sign in Subscribe

Vishakha Singh

Is Vytautas Karalevicius Europe's SBF? $100M Scam Echoes FTX Playbook

Is Vytautas Karalevicius Europe's SBF? $100M Scam Echoes FTX Playbook

In 2017, Vytautas Karalevicius was leading what looked like the future of European blockchain finance. His company, Bankera, raised over $100 million from over 100,000 investors worldwide. He was hailed as Lithuania's answer to Silicon Valley. But years later, investigators are now drawing chilling parallels between Karalevicius

Buffett's Berkshire Hathaway Unloads One-Third of VeriSign Stake for $1.23 Billion

Buffett's Berkshire Hathaway Unloads One-Third of VeriSign Stake for $1.23 Billion

The multinational conglomerate led by Warren Buffett, Berkshire Hathaway Inc., has dramatically reduced its holdings in internet infrastructure company VeriSign Inc., best known for managing domain names like .com and .net. Berkshire sold about 4.3 million shares at $285 apiece, aggregating gross proceeds of about $1.23 billion, as

Nvidia Buys 300,000 H20 Chips from TSMC as Resurgent Chinese Demand Boosts Orders

Nvidia Buys 300,000 H20 Chips from TSMC as Resurgent Chinese Demand Boosts Orders

In a telling sign of continuing U.S.-China tech tensions, Nvidia has ordered a new batch of 300,000 H20 chips from contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), two people with knowledge of the situation said. The move is a change of approach from Nvidia's earlier

Alibaba to Develop AI Glasses Building a Chinese Counterpart to Meta

Alibaba to Develop AI Glasses Building a Chinese Counterpart to Meta

Chinese e-commerce and tech giant Alibaba announced its bold foray into the smart glasses space with the imminent launch of its AI-driven Quark AI Glasses. The new product is Alibaba's inaugural venture into wearable smart technology and is set to compete with Meta's smart glasses, which

VW's Skoda Reports 12% H1 Profit Increase as Electric Sales Gain Momentum

VW's Skoda Reports 12% H1 Profit Increase as Electric Sales Gain Momentum

Skoda Auto, the Czech automaker and Volkswagen Group's dominant subsidiary, posted a sharp increase in profitability during the first half of 2025 on the back of a strong drive for electric vehicles. The carmaker said on Monday its operating profit increased almost 12% from a year ago to

Tesla, Samsung Ink $16.5 Billion AI Chip Supply Agreement: What It Says About Industry

Tesla, Samsung Ink $16.5 Billion AI Chip Supply Agreement: What It Says About Industry

In a breakthrough for the world semiconductor and electric vehicle sectors, Elon Musk has affirmed that Tesla signed a $16.5 billion chip supply agreement with Samsung Electronics. This huge deal represents a turning point for Samsung's underperforming foundry division and may reconfigure the competitive landscape of the

Intel Lays Off More Staff as CEO Tan Rolls Out Radical Reforms to Correct Manufacturing Blunders

Intel Lays Off More Staff as CEO Tan Rolls Out Radical Reforms to Correct Manufacturing Blunders

Intel, the former crown jewel of the U.S. chip industry, is experiencing one of the largest overhauls in its history. Under the new stewardship of CEO Lip Bu Tan, Intel is dramatically shrinking, planning to trim its staff by 22% by 2025—an enormous number for a company that