Browsing: Finance

TOKYO, Nov 13 (Reuters) – Japan’s government will respond appropriately to currency volatility, Japanese Finance Minister Satsuki Katayama ‌said on Friday, renewing her warning as the ‌yen briefly crossed the key 160 per dollar threshold.

CEO and co-founder Jordan Wright said the fintech seeks to raise between $30 million and $50 million, although AI firms capturing investor attention has made the fundraising climate more challenging.

With Jensen Huang out as CEO at Nvidia (NVDA) and CFO Colette Kress taking on the role of interim CEO, Wall Street, the company’s partners, and its customers are waiting to find out who the next permanent CEO will be.

Jensen Huang didn’t just sell chips for the AI boom. He helped pay for it, and Wall Street is now repricing everyone on his tab.

Q3 results declined as revenue fell to $6.4 million from $7.6 million and ARR dropped to $10.8 million from $15.8 million, largely due to two previously disclosed contract changes.

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Q3 revenue surged to $153 million from $40 million in Q2, driven mainly by generator deliveries and installation work for Meta’s El Paso data center project. ERock posted $8.9 million in net income, its first profitable quarter as a public company.

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The Stuttgart carmaker is temporarily halting all further investment at its German sites. Possible plant closures are looming, increasing pressure on staff, works council and IG Metall. Volkswagen and Audi have also announced major savings programmes.