Nvidia Suffers Billions in Losses as Market Value Plunge
Once the most valuable company in the world, Nvidia has suffered major setbacks in the last few months. The most recent one came on Tuesday when the company’s share plunged 9.5% or $279 billion. This marked the deepest single-day decline in the history of the US stock market. Analysts state that the main reason for…
John David
Elon Vs Brazil: No X Ban on Starlink, Says Elon Musk
Elon Musk is increasing his troubles by expanding his fight against the Brazilian authorities. For weeks, the billionaire has refused the Brazilian court’s request to ban a few accounts on his X platform. As a result, the court placed a nationwide ban on the platform. However, Elon has urged the Brazilian masses to use VPNs…
Apple And Nvidia Interested in Investing in OpenAI
OpenAI, the world’s biggest AI research organization, has announced that it will be conducting another funding round that could value the firm at over $100 billion. However, the most interesting part is that two of the world’s tech companies seem to be interested in participating in the funding round. According to a report by the…
Are Nvidia’s Glory Days Over? Investors Not Happy
Nvidia’s quarterly forecast was released on Wednesday, and contrary to popular belief, it failed to meet investors’ expectations. As a result, the company’s share fell by 6% in after-hours trading. This affected not only Nvidia but also other tech giants, including AMD, Broadcom, and a few other tech behemoths. Although the company saw heady growth…
Tesla CEO Elon Musk Backs Legislation to Safeguard AI
Elon Musk, Tesla’s CEO and SpaceX’s founder has said that the state of California should pass an AI regulation bill that will require tech companies and AI developers to conduct safety testing and implement safeguards against cyberattacks. Musk, the CEO of social media platform X, who has been involved in AI companies like openeAI and…
Uber Fined $324M: Is Its Europe Business in Jeopardy?
One of the biggest multinational transport companies in the world, Uber, has been hit with a massive Є290 million($324 million) fine for violating European Union laws for data privacy. According to the Dutch Data Protection Authority, Uber, which has its European headquarters in Amsterdam, transferred the sensitive private information of many of its drivers to…
Time For Apple To Rethink Its Movie Business Strategy
Recently, Apple leaned heavily on its movie business and started producing films with some of Hollywood’s top actors, such as Joaquin Phoenix, Scarlett Johansson, Matt Damon, and many more. Similarly, Apple announced its latest movie, “Wolfs,” starring veteran actors like Brad Pitt and George Clooney. Apple had to fight a bidding war in 2021 to…
USPS’ Plans To Reduce Loss By Cutting Operation Costs
The US Postal Service said on Thursday that it needs to reduce costs more to make its operations and business profitable and improve its overall financial condition. To do that, the postal agency is looking to overhaul its delivery logistics. This might result in a delay in mail delivery for some people. Three years ago,…
Ford Halts EV Production: EV’s Future in Jeopardy?
Ford, which was once pushing for EV production to get ahead of other automakers, is once again slowing down its investment in electric technology and new battery-powered vehicles. Previously, the company announced a big pickup truck and a full-electric three-row electric Sport Utility Vehicle or SUV for its future all-electric lineup. However, the automakers announced…
EU Slashes Tariff Rates: A Winning Move For Tesla?
Recently, the EU imposed import tariffs on China-manufactured automobiles. Among these companies is the biggest automaker in the world, Tesla. However, the EU has curbed its tariffs on Tesla for various reasons. For other car manufacturers, the tariff rate is as high as 36%, but for Tesla, the tariff has been set to 9%, which…