SAP, and Oracle, and IBM, oh my! ‘Cloud and AI’ drive legacy software firms to record valuations

There’s something of a trend around legacy software firms and their soaring valuations: Companies founded in dinosaur times are on a tear, evidenced this week with SAP‘s shares topping $200 for the first time. Founded in 1972, SAP’s valuation currently sits at an all-time high of $234 billion. The Germany-based enterprise software provider was valued … Read more

IRS finalizes new regulations for taxing crypto

Crypto platforms will need to report transactions to the Internal Revenue Service, starting in 2026. However, decentralized platforms that don’t hold assets themselves will be exempt. Those are the main takeaways from new regulations that the IRS and U.S. Department of Treasury finalized Friday — essentially implementing a provision of the Biden Administration’s Infrastructure Investment and … Read more

Detroit Police Department agrees to new rules around facial recognition tech

As part of a legal settlement, the Detroit Police Department has agreed to new guardrails limiting how it can use facial recognition technology. These new policies prohibit the police from arresting people based solely on the results of a facial recognition search, or on the results of photo lineups conducted immediately after a facial recognition … Read more

Laravel Under The Hood – What Are Facades?

You’ve just installed a fresh Laravel application, booted it up, and got the welcome page. Like everyone else, you try to see how it’s rendered, so you hop into the web.php file and encounter this code: <?php use IlluminateSupportFacadesRoute; Route::get(‘/’, function () { return view(‘welcome’); }); It’s obvious how we got the welcome view, but … Read more