The FinTech Hub
Source: The Verge Google parent company Alphabet expects to invest “approximately $75 billion” in capital expenditures in 2025, according to a statement from CEO Sundar Pichai in Alphabet’s Q4 2024 earnings release. Capital expenditures have become a hot topic as of late as big tech companies race to build infrastructure to support their growing AI…
Source: The Verge The world’s hottest AI company went through three CEOs in under a week and ended up with the same one it had at the start — so what happened, and what’s next? On November 17th, 2023, OpenAI’s nonprofit board abruptly announced that co-founder and CEO Sam Altman was out. The shake-up came…
Source: The Verge Meta CTO Andrew Bosworth is giving the metaverse a year to become a hit, according to an internal forum post reported by Business Insider. That time period will determine whether Reality Labs’ mixed reality efforts are “the work of visionaries or a legendary misadventure,” he writes. Bosworth details his expectations early in…
Source: The Verge Spotify raked in enough cash and new subscribers in 2024 to celebrate its first full year of profitability since the service was launched in 2008. The announcement comes as part of Spotify’s fourth-quarter earnings release, with net profits at €1.14 billion (around $1.17 billion) for the whole of 2024, compared to the…
Source: The Verge Elon Musk has an uncanny ability to sort out which of America’s rules are real. It turns out punishment from the National Labor Relations Board isn’t real, punishment from NASA isn’t real, and punishment from the FAA isn’t real. The Delaware Chancery Court is extremely real. Based on the past two weeks,…
Source: The Verge President Trump announced tariffs as high as 25 percent on goods imported from Canada, China, and Mexico over the weekend. But some of the biggest names in tech and gaming – who could be significantly impacted by the tariffs – have stayed quiet about them. Shortly after the tariffs were announced, The…
Source: The Verge Today, I’m talking with Andy Hunter, the CEO of Bookshop.org. Bookshop, at its core, is a website that lets local bookshops all over the country — and in a few other countries — sell their books online. If you want a book, you go to Bookshop and click buy — it’s just…
Source: The Verge Companies have been cutting costs. | Photo by Natt Garun / The Verge Over the last couple years, it feels like we’ve heard news of mass layoffs and hiring freezes from tech companies nearly every week, and since the beginning of 2024, there’s been a new wave of layoffs and firings. In…
Source: The Verge President Donald Trump has announced that he’s imposing a tariff on goods from some of the US’s biggest trade partners: Canada, Mexico, and China. Under the executive orders signed on February 1st, Canada and Mexico will face a 25 percent tariff, while goods from China will be subject to a 10 percent…
Source: The Verge As has become an annual tradition, Apple just reported blockbuster earnings for the company’s most recent holiday quarter. “Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up four percent from a year ago,” CEO Tim Cook said in a press release. Revenue was up nearly across the…
