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Elon Musk’s Tesla has witnessed a startling 29% decline in shares within a mere 10 weeks, marking the lowest point since May and triggering a seismic shift in market dynamics. Market Value Tumbles: More Than McDonald’s, Disney, or Nike Combined Tesla’s market value plummeted from almost $800 billion to just above $550 billion, shedding a...

SpaceX, under the leadership of CEO Elon Musk, proudly announced the achievement of a groundbreaking maximum download speed of 17 Mbps directly from the Starlink satellite to an unmodified Samsung Android phone. Elon Musk’s Twitter Revelation Musk took to X Twitter to share the milestone, stating, “SpaceX just achieved a maximum download speed of 17...

Intel dropped a bombshell on the tech world, revealing their roadmap that includes launching the 1nm manufacturing process in 2027. Simultaneously, the company announced investments of a staggering $100 billion into enhancing its manufacturing capacity. This strategic move is poised to position Intel at the forefront of semiconductor technology. Precision Timeline: 14A Node Production in...

Reddit, the social media giant, has filed its S-1 statement with the Securities and Exchange Commission (SEC), unveiling plans for an initial public offering (IPO) on the New York Stock Exchange under the symbol RDDT. The filing provides a deep dive into Reddit’s finances, revealing a revenue of $804 million in 2023, primarily sourced from...

Mercedes-Benz has decided to veer away from its once-bold commitment to selling only electric cars by 2030. This announcement, made in the company’s recent fourth-quarter earnings report, signals a noteworthy shift in the global automotive industry’s perspective on an all-electric future, echoing concerns spurred by a recent deceleration in electric vehicle (EV) sales growthOptimism to...

Nvidia has unveiled its fiscal fourth-quarter results, sending shockwaves through Wall Street with profits and sales that exceeded expectations. The technology giant’s stellar performance is attributed to its commanding position in the burgeoning artificial intelligence (AI) landscape, as evidenced by a remarkable 265% surge in profit and an astonishing 769% increase in net income. Astounding...

SoftBank Group’s founder, Masayoshi Son, is actively seeking a monumental $100 billion in funding for his latest venture, Izanagi. According to a recent Bloomberg report, this audacious project aims to challenge Nvidia’s dominance in the realm of artificial intelligence (AI) chips, signaling a strategic shift for the Japanese conglomerate. Izanagi will join forces with Arm,...

Shortly after unveiling its ambitious language model Gemini, Google has surprised the tech world by introducing its successor – Gemini 1.5. Positioned as a versatile business tool, personal assistant, and everything in between, Google aims to establish Gemini as an indispensable AI platform. Gemini 1.5 Pro: A Leap Forward Gemini 1.5 Pro, touted as Google’s...

Amazon founder Jeff Bezos has once again liquidated a significant portion of his Amazon stock, this time amounting to a staggering $2.03 billion. This marks the third time within the span of a month that Bezos has opted to sell off a substantial chunk of his holdings. Reports suggest that the billionaire entrepreneur has already...

The U.S. Patent and Trademark Office (USPTO) has clarified that artificial intelligence systems, categorized as “non-human entities,” cannot be designated as inventors in patent applications. The move comes after a series of public hearings to gather feedback on the evolving role of AI in innovation. Disclosure Mandate for AI-Assisted Creations The latest guidance emphasizes that...