Mobvoi Inc., a Chinese artificial intelligence company supported by Google's parent company Alphabet Inc., faced a rough start on its first day of trading in Hong Kong. The stock price plummeted by as much as 22%, making it the third company this week to see a disappointing debut in...
Read moreIn a long-awaited development, creditors of the defunct Mt. Gox cryptocurrency exchanges are finally seeing progress in the return of their funds. The exchange, which famously collapsed in 2014 after losing approximately 850,000 bitcoins, is now closer to disbursing its remaining $9 billion worth of BTC holdings. Recent updates...
Read moreBitcoin, 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 the reward given to miners for verifying transactions on...
Read moreMicrosoft 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 ties with China as part of a deal with...
Read moreBitcoin 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, the halving will cut the amount of Bitcoin that...
Read moreApple 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 Apple aims to expand its presence in the Indian...
Read moreIn 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 to establish new chip manufacturing facilities in Arizona, as...
Read moreIn 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 momentum and attract significant interest from both individual and...
Read moreIn a challenging landscape for electric vehicle manufacturers, Tesla Inc. is experiencing a significant drop in market share in China, the world's largest automotive market. The company's struggles in China are part of a broader global slowdown in EV demand, leading to Tesla's largest quarterly sales miss to date....
Read moreFormer President Donald Trump has successfully paid a $175 million bond in order to prevent the seizure of his assets, as he appeals a massive civil fraud verdict imposed on him earlier this year. The bond was posted with a Manhattan appeals court on Monday, ensuring that the state...
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