Samuel Nwite
AUTHOR: Samuel Nwite
Instacart Shares Jump 7% as Earnings Reassure Investors Despite Competitive Pressures
Instacart’s “beat-and-raise” quarter — its strongest GTV growth in three years — helped calm fears that Amazon, Uber Eats, and DoorDash are eroding its...
United States Grants General License to Reliance Industries Ltd for Venezuelan Oil Purchases
The United States has issued a general license permitting Reliance Industries Ltd to purchase Venezuelan crude oil directly without violating U.S. sanctions, according to...
Meta Platforms Considers Facial Recognition Rollout for Smart Glasses
Meta is preparing to introduce facial recognition capabilities to its smart glasses as early as this year, according to a report by The New...
Credit Markets Brace for AI Disruption Wave as UBS Warns of $75B–$120B in Defaults...
Credit markets are emerging as the next major arena for artificial intelligence disruption, with UBS credit strategy head Matthew Mish warning that tens of...
Scale AI Sues U.S. Department of Defense Over $708m AI Data Contract
Meta-backed artificial intelligence training firm Scale AI is suing the U.S. Department of Defense in a case that could involve classified information, according to...