Elon Musk’s Robotaxi Dreams Plunge Tesla Into Chaos
In a tumultuous turn of events, Tesla Inc., led by the enigmatic Elon Musk, is facing a challenging year filled with stock market plunges, declining sales, and strategic shifts causing chaos within the company. Musk’s ambitious goal of creating a...
Bitcoin ‘Halving’ Cuts Supply of New Tokens in Threat to Miners
Bitcoin, the leading cryptocurrency, recently underwent a highly anticipated software upgrade known as the “halving.” This event, which occurs approximately every four years, has significant implications for the cryptocurrency market and the mining community. The Bitcoin halving event involves cutting...
Meta Debuts Llama 3, Latest AI Model for Powering Chatbots
Meta Platforms Inc., the parent company of Facebook, has introduced its latest innovation in artificial intelligence with the debut of the Llama 3 model. This new AI technology marks the company’s ongoing efforts to stay competitive in the rapidly evolving...
Microsoft’s $13 Billion OpenAI Deal to Avoid Formal EU Probe
In a significant development, European Union merger watchdogs have given the green light to Microsoft Corp.’s massive $13 billion investment in OpenAI Inc., thereby avoiding a formal investigation that could have potentially disrupted the burgeoning relationship between the two tech...
US awards Samsung $6.4 billion in grants to boost Texas chip output
In a significant move to bolster U.S. chip manufacturing, the Biden administration has announced a groundbreaking $6.4 billion grant for South Korea’s tech giant Samsung. This funding, provided through the 2022 Chips and Science Act, aims to support Samsung’s expansion...
Microsoft Invests $1.5 Billion in UAE’s G42, Will Get Board Seat
Microsoft Corp. has announced a significant investment of $1.5 billion in G42, the top artificial intelligence (AI) firm based in the United Arab Emirates. This strategic move comes after G42, headquartered in Abu Dhabi, made a groundbreaking decision to cut...
Bitcoin Halving Will Deal a $10 Billion Blow to Crypto Miners
Bitcoin miners are bracing for a significant revenue hit as the “Bitcoin halving” event approaches. This event, which occurs every four years, will reduce the amount of Bitcoin that miners can earn each day for validating transactions. Around April 20,...
Apple doubles India iPhone production to $14 billion as it shifts from China
Apple has significantly increased its iPhone production in India, reaching a total value of $14 billion. This marks a doubling of output compared to previous years, with 14% of iPhones now being produced locally. The boost in production comes as...
TSMC Gets $11.6 Billion in US Grants, Loans for Chip Plants
In a significant move to bolster domestic semiconductor production, the United States has announced plans to provide Taiwan Semiconductor Manufacturing Co. (TSMC) with $6.6 billion in grants and up to $5 billion in loans. This funding will support TSMC’s endeavor...
Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024
In a bold prediction, Ripple CEO Brad Garlinghouse anticipates that the cryptocurrency market will double in size to reach a staggering $5 trillion by the end of 2024. This optimistic outlook comes as the digital asset industry continues to gain...
