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 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 moreSamsung Electronics Co. is set to lead the global rally in semiconductor stocks, driven by newfound optimism surrounding its artificial intelligence strategy. The company, which has lagged behind competitors in recent years, is now poised for a comeback due to the increasing demand for NAND memory, where the company...
Read moreIn a strategic move to diversify its product offerings, Apple Inc. has delved into the realm of personal robotics, signaling a potential shift towards innovative home technology solutions. Sources familiar with the matter reveal that Apple's dedicated teams are exploring the development of mobile robots that can autonomously follow...
Read moreMeta, the parent company of Facebook, has revealed plans to introduce new AI features to its smart glasses product, Ray Ban Stories. The company initially developed these smart glasses in collaboration with Ray Ban, offering users a stylish and innovative way to interact with augmented reality technology. The addition...
Read moreIn a significant development within the technology industry, Huawei Technologies Co. has maintained its momentum of robust quarterly profit growth, further solidifying its position against global giants Apple Inc. and Alibaba Group Holding Ltd. The Chinese networking and electronics leader reported a remarkable net profit of approximately 13.9 billion...
Read moreIn a world where high-speed internet is a valuable commodity, SpaceX's Starlink service has become a sought-after solution. However, a dark shadow looms over the global market, with a black market for Starlink terminals emerging in regions where the service has no official agreements to operate. The illegal trading...
Read moreIn the fast-paced world of cryptocurrency, security is paramount. However, recent reports indicate that a significant number of crypto firms are falling victim to well-organized hacking attacks from hackers, potentially backed by rogue states like North Korea. These cybercriminals are exploiting vulnerabilities in the digital infrastructure of various projects,...
Read moreNvidia CEO Jensen Huang unveiled a groundbreaking development in artificial intelligence technology, announcing the launch of a new series of AI chips during a highly anticipated press conference on Monday. Emphasizing the growing demand for more powerful GPUs, Huang highlighted the need for innovation in the field of AI...
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