Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with high valuation multiples that make fundraising easier,
but they have weighed on the returns lately as the industry has pulled back by 12% over the past six months. This performance is a stark contrast from the S&P 500’s 8.2% gain.
In a watershed moment for the intersection of federal finance and advanced technology, the U.S. Department of the Treasury announced that its AI-driven fraud detection initiatives prevented or recovered over $4 billion in improper payments during the 2024 fiscal year. This figure represents a staggering six-fold increase over the previous year’s results, signaling a paradigm [...]
The global financial landscape witnessed a seismic shift this week as the "Greenland Tariff Relief" rally sent major indices to near-record highs. Following a tense standoff that threatened to destabilize the transatlantic alliance, President Donald Trump announced a comprehensive framework with NATO leadership that effectively scraps the proposed 10% baseline
Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) jumped 2.6% in the afternoon session after a series of positive developments, including a major new deal and an analyst upgrade, fueled investor optimism ahead of its earnings report.
