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 future dominated by robotaxis has led to a significant...
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 moreMeta 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 landscape of AI model, where companies like OpenAI and...
Read moreIn 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 giants. The European Commission's decision not to launch a...
Read moreIn 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 of chip production facilities in central Texas. The Department...
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 more
