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…
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…
Nvidia stormed the market in 2024, placing it alongside names such as Apple, according to likelihood as an eventual usurper of the world’s most valuable company title. The semiconductor giant’s stock recently closed at a record $138.07, pushing its market capitalization to $3.39 trillion. That puts it closer to Apple’s $3.52 trillion and closer than…
Verizon’s $9.6 billion cash takeover of Frontier Communications drew fire from key investors at Frontier, some of whom think the offer undervalues the company in itself. Frontier’s second-biggest shareholder, Glendon Capital Management, holds close to 10% and will vote against the deal, saying Verizon’s offer of $38.50 a share isn’t high enough. With debt assumption,…
AI chipmaker Cerebras Systems, famous for its massive wafer-scale engine chips, is reportedly planning its IPO for 2024 to really shake up Nvidia, the giant in the AI chip market. The company is really going to be put under the spotlight by its cutting-edge technology: the WSE-3 chip, which contains many more cores and much…
