Innovations, gadgets, and tech industry news.
Just a few months ahead of the 2024 U.S. presidential election, it was revealed that crypto mogul Chris Larsen, who co-founded Ripple Labs, donated hugely to Vice President Kamala Harris’s presidential campaign. Meanwhile, according to recent Federal Election Committee records, after Larsen’s contributions to Harris’s presidential campaign, the sum went beyond $11.8 million, making him…
As part of a building effort to shield national security and maintain its technological lead, the U.S. government is fine-tuning reviews of proposals that would set strong curbs on American investments in China’s artificial intelligence and semiconductor sectors. It is part of a wider strategy forming the bedrock of efforts to restrain China’s accelerated strides…
With every new model, carmakers are currently striving to bring something to their vehicles that would help them stand apart in the very crowded market. Chinese automakers have been no exception: they pushed the envelope as far as possible in terms of technology and performance, not to mention an increasingly long list of quirky and…
The competition in generative AI is now on full boil, and IBM is joining the fray with its announcement of a new line of AI models aimed at enterprise use. These new tools aim at giving business an extreme advantage in adopting artificial intelligence in a gamut of applications-from workflow automation to enhancing customer service….
The Altera business, which is Intel’s buy into field-programmable gate arrays (FPGAs), now is searching for billions for what reports claim to be a minority stake in the business—Intel’s most drastic change in its strategic approach. Intel bought Altera back in 2015 for $16.7 billion. While Altera had always been a compliant winner since its…
Israeli cybersecurity firm Wiz has made headlines by spurning a massive acquisition offer worth $23 billion by Alphabet, the parent company of Google. The company plans to pursue an IPO when the time is right and is looking to reach $1 billion in annual recurring revenue before its public offering. Founded in 2020, Wiz has…
The billionaire investor, who bet big on Nvidia when it heralded the AI boom, began scaling back his position after the stock jumped from the $150 area to over $900 per share within a year. In a recent interview, Stanley Druckenmiller is said to have regretted selling Nvidia stock too early and admitted that he…
This price action propelled Bitcoin to its highest in nearly four months, when the latter half of July set off a bigger rally in the broader cryptocurrency market and boded well for many crypto-related stocks. Bitcoin soared past $34,500 on Oct 24 as investors eagerly look forward to positive developments in the crypto sector. The…
The 42 U.S. states are legally challenging Meta Platforms Inc., the company behind Facebook and Instagram, on allegations that the corporation intended to design their platforms socially addictive for teens. The lawsuits acknowledge that the company was very well aware of the kind of damage they would cause at the adolescent mental level. This is…
Turbulence runs deep in China’s stock market. Market corrections over the summer have shown the vulnerability of China’s economy under domestic as well as international pressures. By 2024, this is going to be a major source of turbulence in the Chinese stock market. For instance, the Hang Seng China Enterprises Index plummeted 3.9%, the worst…
