Blockchain Technology

AI Boom Driving ‘Astronomical’ Profit Growth, Lifting Information Technology, Energy and Two Other S&P 500 Sectors

The rise in demand for artificial intelligence technologies is driving up profit expectations for companies in the S&P 500. Analysts are now forecasting a 32% growth in full-year profits for 2026, a significant increase from the previous estimate of 24%, …

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Revolut tricked into handing hackers the passports and Bitcoin histories of wealthy customers

Revolut recently faced a data breach that resulted in the disclosure of customers’ sensitive information, including passports, verification selfies, and Bitcoin transaction histories. The breach occurred when the company mistakenly treated a fraudulent government request as legitimate. Affected customers were …

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US Tech Firms Post Record 24% Profit Margins Amid AI Surge, Outpacing Non-Tech Companies by Wide Margin

US technology companies are experiencing unprecedented profit margins due to advancements in artificial intelligence. According to reports from The Kobeissi Letter, profit margins for Technology, Media, and Telecom stocks have surged to 24%, doubling from levels seen during the market …

US Tech Firms Post Record 24% Profit Margins Amid AI Surge, Outpacing Non-Tech Companies by Wide Margin Read More »