IQSTEL's CEO highlights key business achievements, including surpassing a $400 million revenue run rate ahead of projections, the launch of AI-powered platforms like IQ2Call.ai, and an additional $60-70 million in revenue from the Globetopper acquisition. The company has also reduced its debt to $2 per share, improving shareholder value and positioning itself for its long-term goal of reaching $1 billion in revenue by 2027.
Lucid Group, a company behind autonomous ride-hailing technology, is gaining global exposure through its partnership with Uber. With over 34 million daily trips facilitated in 70 countries, Lucid's vehicles will be owned by Uber or its partners and integrated into the Uber app. A working prototype is being tested at Nuro's Las Vegas site, indicating a potential real-world deployment on the horizon. Lucid has also announced a proposed 1-for-10 reverse stock split to make its stock more attractive to institutional investors, with shareholders voting on the move on August 18.
Mahriah Alf, a seasoned enterprise AI leader, has joined BeyondTrucks as its new Head of Product, bringing her expertise in AI product development from her previous role as Chief Product Officer at Noodle.ai to accelerate the development of its transportation management system.
Parents are finding unexplained charges on their bank accounts linked to digital gifts purchased by their children, who have been engaging in "PK Battle", a trend where losers are subjected to humiliating punishments such as walking naked, streaming live while showering, and applying flour or cow dung on their faces. The platform's regulations have been repeatedly violated, with some accusing the trend of being used to launder money. Malaysia's PK Battle has sparked concerns over online regulation, parental controls, and platform accountability, with President L. Francis calling for action from the MCMC and police to address the issue.
Meta Platforms Inc. and Alphabet Inc. are facing a consolidated lawsuit in the US District Court for the Northern District of California, alleging that an Android operating system vulnerability violated users' privacy rights by deanonymizing them. The vulnerability allowed Meta to connect web browsers and locally installed applications, raising concerns about user data protection.
Microsoft plans to stop providing technical assistance to the U.S. military from engineers based in China following a report by ProPublica that raised concerns. Defense Secretary Pete Hegseth has ordered a review of Pentagon cloud deals amid the controversy, sparked by a senator's questions.
Microsoft is investing millions to improve its AI performance in European languages, with company president Brad Smith stating that the survival of these languages and cultures depends on it. This move comes as there's a growing push for European technological sovereignty.
The individual attended The Harker School in San Jose before pursuing higher education at MIT, where he earned degrees in Computer Science. He co-founded Windsurf in June 2021, which gained prominence for its AI tools that streamline software development workflows, making it one of Silicon Valley's most promising names in AI infrastructure under his leadership.
NextNRG, Inc., a leading AI-driven energy innovation company, has completed a comprehensive financial restructuring that reduces its monthly cash burn by approximately $1 million. The restructuring involves converting debt obligations to equity at a premium and securing new financing to pay off short-term debt. As a result, the company's Executive Chairman and CEO, Michael D. Farkas, expects improved financial stability, allowing for increased resources to be allocated towards scaling its AI-driven energy platform and achieving profitability.