Esteban Tesson

Philip Morris appoints Massimo Andolina as Chief Financial Officer

Philip Morris International has announced the appointment of Massimo Andolina as Chief Financial Officer, effective on August 1, succeeding Emmanuel Babeau. Mr. Babeau, who has held the position since May 2020, will remain with the group until March 31, 2027, serving as a strategic advisor to CEO Jacek Olczak. This transition comes as the group continues its pivot toward smoke-free products amid intensifying competition.

May 20, 2026 at 05:29 pm

Philip Morris Appoints Massimo Andolina as Chief Financial Officer

Philip Morris International has announced the appointment of Massimo Andolina as Chief Financial Officer, effective August 1, succeeding Emmanuel Babeau. Mr. Babeau, who has held the position since May 2020, will remain with the group until March 31, 2027, serving as a strategic advisor to CEO Jacek Olczak. This leadership transition comes as the group continues its transformation toward smoke-free products amid an increasingly competitive landscape.

May 20, 2026 at 05:24 pm

AI-driven cyberattacks now exceed ID theft, Verizon says

Security breaches exploited via artificial intelligence became the leading cause of data violations last year, overtaking ID theft, according to Verizon's annual cybersecurity report. The US carrier stated it analyzed over 31,000 incidents and estimates that 31% of breaches originated from the exploitation of vulnerabilities in an environment increasingly shaped by the rise of AI. Verizon specifically warned of cybercriminals' ability to leverage AI to significantly accelerate the exploitation of known flaws.

May 19, 2026 at 09:59 pm

Andrej Karpathy joins Anthropic in the artificial intelligence race

Andrej Karpathy, former head of AI at Tesla and co-founder of OpenAI, has announced he is joining Anthropic, bolstering the creator of Claude in the global competition for advanced AI models. A renowned figure in the industry, Karpathy explained his desire to completely return to research and development at what he considers a decisive moment for the development of large language models. His recruitment represents a significant boost for Anthropic as it faces off against rivals like OpenAI.

May 19, 2026 at 09:18 pm

AI-Driven Cyberattacks Now Surpass Credential Theft, Verizon Reports

Security breaches exploited via artificial intelligence became the leading cause of data violations last year, overtaking credential theft, according to Verizon's annual cybersecurity report. The American carrier indicates it analyzed more than 31,000 incidents and estimates that 31% of breaches began with the exploitation of vulnerabilities in an environment increasingly defined by the rise of AI. Verizon specifically warns of the ability of cybercriminals to use artificial intelligence to significantly accelerate the exploitation of known flaws.

May 19, 2026 at 09:16 pm

Andrej Karpathy Joins Anthropic in the Artificial Intelligence Arms Race

Andrej Karpathy, the former head of artificial intelligence at Tesla and a co-founder of OpenAI, has announced he is joining Anthropic, bolstering the creator of Claude in the global competition for advanced AI models. A renowned figure in the sector, Karpathy explained his desire to return fully to research and development at what he considers a decisive moment for the evolution of large language models. His recruitment represents a significant reinforcement for Anthropic as it faces off against rivals like OpenAI.

May 19, 2026 at 07:51 pm

Workday scales up presence in India to accelerate AI push

Workday plans to rapidly expand its Indian workforce to support growing investments in artificial intelligence and the opening of new offices across the country. The US-based HR and enterprise management software provider, which already operates in Mumbai and two other Indian cities, is now set to establish a presence in Delhi and Bangalore. The group's headcount in India has more than doubled in just over a year, reaching around 1,300 employees.

May 19, 2026 at 05:43 pm

Microsoft bolsters India footprint with massive AI data center project

Microsoft plans to commission its largest data center in India by mid-2026 to meet surging demand for its artificial intelligence services. Puneet Chandok, President of Microsoft India & South Asia, cited "massive demand" for the Azure cloud platform and Copilot 365, the group's commercial AI assistant. Alongside Alphabet and Amazon, Microsoft views India as a strategic market, driven by its vast connected population and significant pool of tech talent.

May 19, 2026 at 05:23 pm

Workday Expands India Footprint to Accelerate Artificial Intelligence Initiatives

Workday plans to rapidly expand its workforce in India to support increasing investments in artificial intelligence and the opening of new offices across the country. The American provider of HR and enterprise management software already maintains offices in Mumbai and two other Indian cities, and now intends to establish a presence in Delhi and Bangalore. The group's headcount in India has more than doubled in just over a year, reaching approximately 1,300 employees.

May 19, 2026 at 04:59 pm

Microsoft bolsters its presence in India with a massive AI data center project

Microsoft plans to launch its largest data center in India by mid-2026 to meet the surging demand for its artificial intelligence services. Puneet Chandok, President of Microsoft India and South Asia, cited "massive demand" for the Azure cloud platform and Copilot 365, the group's commercial AI assistant. Alongside Alphabet and Amazon, Microsoft views India as a strategic market, driven by its vast connected population and significant pool of tech talent.

May 19, 2026 at 04:30 pm

Memory stocks hit by production capacity concerns

Memory chipmakers shares tumbled following cautious remarks from Seagate's CEO regarding industry production capacity amid the AI-driven demand surge. Seagate shares plunged over 10%, dragging down Micron (-8%), SanDisk (-9%), and Western Digital (-8%). Investors are increasingly concerned about the industry's ability to keep pace with the growing requirements of AI-dedicated data centers.

May 19, 2026 at 07:49 am

US Court Rejects Elon Musk's Claims Against OpenAI

A US federal jury has ruled in favor of OpenAI in the lawsuit brought by Elon Musk, finding that the company was not liable for allegations that it abandoned its original mission to serve humanity. The decision, handed down in Oakland, California, concluded that Musk had filed his legal action too late. Jurors deliberated for less than two hours before returning a unanimous verdict. Musk's attorney said that an appeal is under consideration.

May 19, 2026 at 07:45 am

U.S. Court Rejects Elon Musk's Allegations Against OpenAI

A U.S. federal jury has ruled in favor of OpenAI in the lawsuit filed by Elon Musk, finding that the company was not liable for allegations that it abandoned its original mission to serve humanity. The decision, delivered in Oakland, California, concluded that Musk had filed his legal action too late. Jurors deliberated for less than two hours before returning a unanimous verdict. The billionaire's attorney indicated that an appeal remains under consideration.

May 18, 2026 at 09:53 pm

Memory Stocks Hit by Production Capacity Concerns

Shares of memory manufacturers fell sharply following cautious remarks from Seagate's CEO regarding the industry's production capacity in the face of exploding demand linked to artificial intelligence. Seagate stock dropped more than 10%, pulling down Micron (-8%), SanDisk (-9%), and Western Digital (-8%) in its wake. Investors are increasingly concerned about the ability of manufacturers to keep pace with the growing needs of AI-dedicated data centers.

May 18, 2026 at 09:35 pm

Regeneron hit by advanced melanoma treatment failing trial

Regeneron shares tumbled 10% in early Wall Street trading on Monday, following the failure of its experimental advanced melanoma treatment in a Phase III clinical trial. The US pharmaceutical company announced that the combination of fianlimab and cemiplimab failed to meet the study's primary endpoint of improving progression-free survival, the duration during which the disease does not worsen.

May 18, 2026 at 05:47 pm

UnitedHealth under pressure following Berkshire Hathaway's full exit

UnitedHealth shares fell more than 1.5% on Monday after Berkshire Hathaway announced that it has liquidated its entire stake in the US health insurance giant. The move comes as part of a portfolio reshuffle overseen by Greg Abel during Q1. Last year, Berkshire Hathaway acquired 5 million UnitedHealth shares, in a move that bolstered the stock and heightened expectations for the group's turnaround under Stephen Hemsley's leadership.

May 18, 2026 at 05:44 pm

UnitedHealth shares slip following Berkshire Hathaway's full exit

UnitedHealth shares fell more than 1.5% on Monday following the announcement that Berkshire Hathaway has sold its entire stake in the American health insurance giant. The move is part of a portfolio reshuffle overseen by Greg Abel during the first quarter. Last year, Berkshire Hathaway acquired 5m UnitedHealth shares, a transaction that supported the stock at the time and bolstered expectations for the group's recovery under the leadership of Stephen Hemsley.

May 18, 2026 at 05:19 pm

Regeneron hit by failure of advanced melanoma treatment

Regeneron shares fell nearly 10% early in the Wall Street session after its experimental treatment for advanced melanoma failed in a phase III clinical trial. The U.S. drugmaker said the fianlimab and cemiplimab combination did not meet the study’s primary endpoint, improving patients’ progression-free survival, the length of time the disease does not worsen.

May 18, 2026 at 05:01 pm

Kevin Warsh takes the helm of the Fed amid heightened economic tensions

On Wednesday Kevin Warsh was confirmed as Chairman of the US Federal Reserve by the Senate, which approved his nomination by a 54-45 vote. This represents the narrowest margin in modern history for a Fed Chair. At 56, Warsh will officially succeed Jerome Powell on Friday, who has held the position since 2018. Powell will, however, remain a member of the Board of Governors until 2028, notably to oversee the completion of the investigation into the renovation work at the central bank's headquarters.

May 14, 2026 at 08:51 am

Cisco buoyed by surge in AI-related orders

Cisco reported quarterly results and guidance that topped Wall Street expectations, driven by a sharp acceleration in orders for artificial intelligence infrastructure. The US group posted revenue of $15.84bn for the quarter ended April 25, compared with $15.56bn expected by analysts according to LSEG. Adjusted EPS reached $1.06, also beating forecasts. Following the release, the stock jumped 15% in after-hours trading.

May 14, 2026 at 08:00 am

Cisco lifted by a surge in artificial intelligence-related orders

Cisco reported quarterly results and guidance above Wall Street expectations, supported by a sharp acceleration in orders for artificial intelligence-related infrastructure. The U.S. group posted revenue of $15.84bn for the quarter ended April 25, versus $15.56bn expected by analysts, according to LSEG. Adjusted earnings per share reached $1.06, also above forecasts. Following the release, the stock jumped 15% in after-hours trading.

May 13, 2026 at 11:47 pm