November 2024 was the worst month for U.S. video game hardware sales since 1995, and Xbox was hit hardest. Series console dollar sales crashed 70% year-over-year, setting a new all-time low for Xbox in November. With repeated price hikes and a shift away from exclusives, the brand’s hardware future
Google is diving deeper into India’s finance scene with Flex by Google Pay, a new RuPay credit card linked to UPI. It’s a play to convert the country’s massive digital payment users into first-time credit customers. But they’re entering an already crowded and competitive field.
The Nancy Grace Roman Space Telescope, a $4 billion instrument with the capacity of “200 Hubbles,” is set to launch in 2027. Its first major task will be the High-Latitude Wide-Area Survey, staring into sparse cosmic voids to study dark energy. Researchers plan to analyze tens of thousands of these
Red Hat has acquired London-based AI safety startup Chatterbox Labs to bolster responsible AI tools. The move aims to help enterprises move AI projects from experimentation into secure, monitored production.
According to a presentation at the Fortune Brainstorm AI conference, most workers are barely scratching the surface of AI’s potential. Allie K. Miller, CEO of Open Machine, argues this misuse is making expensive corporate subscriptions worthless.
OpenAI’s chief communications officer, Hannah Wong, is departing the company in January 2025. She led communications through the explosive growth of ChatGPT and the internal crisis of Sam Altman’s brief 2023 firing.
PayPal is taking a major step to become a full-fledged bank. The company has applied for a US charter to form PayPal Bank, a move that could reshape its business and the fintech landscape.
Investors are using credit default swaps, the financial instrument from “The Big Short,” to hedge against a potential AI bubble. Trading volume targeting tech firms like Oracle and Meta is set to quadruple to over $8 billion a month. This signals rising Wall Street fear that the AI investment boom c
The White House is creating a new US Tech Force to accelerate AI adoption in government. The program will place engineers in agencies like Treasury and Defense and partners with major tech firms.
Lightspeed Venture Partners has secured a record $9 billion in fresh capital, the largest in its 25-year history. This comes as limited partners pour money into a handful of established firms with recent IPO wins, while smaller VCs are left out in the cold.
