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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...
Read moreMicrosoft 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...
Read moreBitcoin 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...
Read moreApple 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...
Read moreTSMC 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...
Read moreRipple 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...
Read moreApple Agrees to EU Antitrust Demand in Fight on App Payment
Apple Inc. has made a significant move in response to European Union antitrust demands by agreeing to allow music-streaming apps on its App Store to inform users of alternative payment options. This decision...
Read moreAI Technology Shift to Help Drive Samsung’s Comeback
Samsung 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...
Read moreApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car Fizzles
In 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...
Read moreTesla Also Losing Ground in China as It Disappoints Globally
In 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...
Read moreTrump Pays $175 Million Bond to Avert Asset Seizure
Former 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...
Read moreThe wealth of the 1% just hit a record $44 trillion
The global wealth held by the top 1% has reached an all-time high of $44 trillion, fueled by the booming stock market, according to economists. The surge in money is attributed to the...
Read moreMeta to Add AI Features to Ray Ban Stories Smart Glasses Next Month
Meta, 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...
Read moreHuawei Profit Surges as It Takes Share From Apple and Alibaba
In 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...
Read moreAI Startup Cohere Nears Deal to Raise Funds at $5 Billion Valuation
Cohere, the artificial intelligence startup, is on the brink of securing a significant round of funding that would propel its valuation to an impressive $5 billion. The company, known for its cutting-edge AI...
Read moreUK Stands to Lose 8 Million Jobs From AI, Analysis Warns
In a recent analysis conducted by the Institute for Public Policy Research (IPPR), it has been revealed that up to eight million workers in the United Kingdom are at risk of losing their...
Read moreElon Musk’s Starlink Terminals Are Falling Into the Wrong Hands
In 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...
Read moreNvidia’s AI ambitions in medicine and health care are becoming clear
At the forefront of cutting-edge technology, Nvidia has unveiled groundbreaking developments in the healthcare sector during its 2024 GTC AI conference. Collaborating with industry giants like Johnson & Johnson and GE Healthcare, Nvidia's...
Read moreNorth Korean Hackers Stalk Crypto Startups Scrimping on Security
In 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...
Read moreBitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the ‘Pullback Is Over
Bitcoin's price dipped below $65,000 on Thursday as the U.S. dollar surged following a surprise interest rate cut by the Swiss central bank. Despite this, some altcoins like XRP, FIL, and ICP managed...
Read moreTech Fund Beating 99% of Peers Says AI Rally Is Just Starting
In the dynamic landscape of the stock market, the surge in artificial intelligence (AI) stocks shows no signs of abating, as indicated by the insights of a top-performing tech fund manager. Tony Wang,...
Read moreSamsung Jumps Most in Six Months After Nvidia CEO’s Backing
Samsung Electronics Co. saw a surge in its stock price on Wednesday, marking its largest gain in over six months. The boost came following a report by Nikkei Asia indicating that Nvidia Corp....
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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...
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...
Troy Candy: From Cleaning Dishes to Building Million Dollar Brands
How do you go from making money cleaning dishes to building multi-million dollar iconic brands? In this article, that is...
Failed Mt. Gox’s $9 Billion of Bitcoin Closer to Being Disbursed to Creditors
In a long-awaited development, creditors of the defunct Mt. Gox cryptocurrency exchanges are finally seeing progress in the return of...