Uber is reportedly exploring the acquisition of Expedia, a leading player in the global travel booking industry, as per a recent report by the Financial Times. With Expedia valued at approximately $20 billion and having achieved its highest-ever annual revenue in 2023, this potential acquisition could mark a significant milestone for Uber, should the deal...
Amazon Ads has rolled out a comprehensive suite of new tools and capabilities aimed at helping advertisers maximize their campaigns on the e-commerce giant’s platforms. These updates, revealed during the annual UnBoxed conference, underscore Amazon’s continued push to refine its advertising technology, even as its ad services revenue growth rate shows signs of deceleration. Key...
Officials in the Biden administration are considering restricting the export of advanced artificial intelligence (AI) chips from U.S. companies like Nvidia Corp. and Advanced Micro Devices Inc. (AMD) on a territorial basis. This discussion, reported by anonymous sources familiar with the matter, is still in its early stages but has gained traction in recent weeks....
BlackRock, the world’s largest money manager, has achieved a monumental milestone by surpassing $11 trillion in assets under management (AUM) for the first time. This unprecedented growth, fueled by a robust market rebound and substantial inflows from investors, has propelled the firm’s shares to a new peak. In the third quarter, BlackRock reported a 15%...
Tesla CEO Elon Musk unveiled his vision for a “fun, exciting future,” one that includes self-driving cars without steering wheels, parks where parking lots once stood, and robots mingling with the public. This ambitious vision, dubbed an “age of abundance,” was met with enthusiasm from the audience, many of whom eagerly anticipate the arrival of...
Samsung is reportedly gearing up to launch a rollable smartphone featuring an impressive 12.4-inch display by 2025. This strategic decision comes amid fierce competition from rivals like Google’s Pixel 9 Pro Fold and OnePlus’s Open, which have significantly improved their foldable offerings. The Rollable Revolution Samsung’s shift toward a rollable smartphone represents a significant pivot...
Leading the charge in this burgeoning market is BlackRock, which dominates the U.S. ETF space with an impressive $22.91 billion in Bitcoin holdings. Following closely behind is Grayscale, managing approximately $13.75 billion in Bitcoin. While Grayscale has experienced a slight dip in market share, it remains a formidable player alongside a host of other firms...
Meta has unveiled exciting updates to its Ray-Ban smart glasses, taking a significant leap toward integrating artificial intelligence into everyday life. These updates, announced at the Connect conference, introduce a range of innovative features that enhance the functionality of the glasses, allowing them to “remember” tasks and even keep track of your groceries. A New...
Tesla’s recent decision to conduct home visits for employees on long-term sick leave has ignited a wave of criticism in Germany. André Thierig, the manufacturing director at the Berlin-Brandenburg Gigafactory, defended the move, asserting it was aimed at appealing to employees’ work ethic. However, the measure has been sharply rebuked by IG Metall, the plant’s...
lon Musk’s social media platform X, formerly known as Twitter, has seen its value plunge dramatically since its $44 billion purchase in 2022. According to recent disclosures from Fidelity, one of the company’s key investors, the platform’s current worth is less than a quarter of its original valuation. Fidelity’s Blue Chip Growth Fund has marked...
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