Financing

Nvidia incurs $5.5 billion charge due to new U.S. export restrictions limiting advanced chip sales to China.

Google acquires Wiz cybersecurity firm for $32B reinforcing the Google Cloud security services, after a failed deal attempt of $23 billion last year.

Nigeria’s Moniepoint secures $110 funding from Google Alphabet, Verod Capital, and others to expand digital payment and banking across Africa.

Alphabet anticipates slower Q3 revenue growth as increasing competition challenges its core platforms, Search and YouTube.

After causing the worst IT outage in history, CrowdStrike diminished its yearly revenue forecasts. Its officials say the situation is better than expected.

Nvidia's quarterly anticipation on Wednesday didn’t fulfill the expectations of its investors. If the share drop is kept, it could lead to a $175 billion loss.

The Australian company Woodside wants to close an agreement to acquire all outstanding and issued common stock of Tellurian.

AI startups are in the spotlight this week! World Labs – founded by Fei-Fei Li – is a $1 billion company in just four months since its launch in April.

Elon Musk might be making his final stand as Tesla’s CEO as the shareholders will vote on his $56 billion pay deal at the company’s annual shareholder meeting.

Many entrepreneurs consider VC founding to be one of the most important setbacks they face when deciding to work on a new project.