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Elon Musk’s Tesla and xAI Set to Spend $20 Billion on AI Projects by 2024

Sep 26, 2024 15:21 pm UTC| Business Technology

Elon Musks Tesla and xAI are projected to allocate $20 billion to AI initiatives by the end of 2024, according to a Morgan Stanley analysis. This includes significant investments in supercomputers, GPU clusters, and...

OpenAI Restructures, Nonprofit Board Loses Control as CEO Altman Gains Equity Stake

Sep 26, 2024 15:18 pm UTC| Business Technology

OpenAI is undergoing a significant restructuring, shifting control away from its nonprofit board to attract investors. CEO Sam Altman is set to receive equity in the for-profit subsidiary, further solidifying his...

Sonic Unveils Witch's Brew Slush Float with Green Apple Flavor for Halloween Season

Sep 26, 2024 15:03 pm UTC| Business Life

Sonic embraces Halloween with a new limited-time drink, the Witchs Brew Slush Float. The eerie treat will feature a green apple slush and salted caramel bubbles from September 30 to November 3 at participating locations,...

OpenAI's Bold Move: Sam Altman Gains Equity as Non-Profit Control Fades

Sep 25, 2024 23:11 pm UTC| Technology Business

In a dramatic restructuring, OpenAI is shifting to a for-profit benefit corporation, granting CEO Sam Altman equity and diminishing non-profit board control to attract investors and potentially reach a $150 billion...

Tesla's 'We, Robot' Invitations Stir Excitement for October Robotaxi Event in LA

Sep 25, 2024 22:52 pm UTC| Technology Business

Tesla is generating buzz by sending out We, Robot invitations for its October 10 Robotaxi Event at Warner Bros. Studios in Burbank, Los Angeles. Postponed in August, the event aims to unveil Teslas advancements in fully...

Cybertruck Lands in Mexico with First Deliveries – Canada to Join the Party Soon!

Sep 25, 2024 22:32 pm UTC| Technology Business

Teslas Cybertruck officially hit Mexican roads with the delivery of its first 10 units in a special event. Canada is set to receive deliveries in the coming weeks, expanding the highly anticipated rollout of Teslas...

Coca-Cola Discontinues Spiced Flavor After Six Months Due to Low Consumer Demand

Sep 25, 2024 21:54 pm UTC| Business Life

Coca-Cola is discontinuing its Spiced flavor just six months after its launch due to poor consumer response. Despite being marketed as a bold innovation, the raspberry-infused soda failed to attract lasting attention,...

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Economy

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher

Marchs Consumer Price Index is expected to post its sharpest monthly increase in nearly four years, driven by skyrocketing oil prices tied to the U.S.-Iran conflict and the ongoing ripple effects of import tariffs. The...

Asian Stocks Rally on Ceasefire Hopes and Bargain Buying

Asian equity markets climbed higher on Friday, driven by cautious optimism surrounding ceasefire negotiations between Iran and the United States. Regional benchmarks were also on track to close out the week with strong...

White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets

The White House issued an internal warning to staff on March 24, cautioning employees against exploiting their government positions to gain an unfair advantage in financial futures markets. The directive came just one day...

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Politics

Global Elections 2026: What Investors and Markets Are Watching

Political uncertainty is sweeping the globe in 2026, with a series of high-stakes elections poised to reshape economic policies and rattle financial markets. From Eastern Europe to South America, investors are keeping a...

Xi Jinping and KMT's Cheng Li-wun Meet in Beijing Amid Cross-Strait Tensions

Chinese President Xi Jinping met with Kuomintang (KMT) Chairwoman Cheng Li-wun in Beijing on Friday, emphasizing that people on both sides of the Taiwan Strait share a common Chinese identity and that the future of...

Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict

Airline pilots expressing safety concerns about flying through Middle Eastern airspace are reportedly facing threats of lost wages or termination if they decline assignments, according to Ron Hay, president of the...

Iran Denies Negotiating Team Traveled to Pakistan for U.S. Talks Amid Ceasefire Uncertainty

Iran has firmly rejected reports suggesting that a diplomatic delegation traveled to Islamabad to engage in negotiations with the United States, calling the claims entirely false. The denial was issued through state-linked...

U.S.-Iran Ceasefire Under Pressure Ahead of Pakistan Peace Talks

A fragile two-week ceasefire between the United States and Iran is showing serious cracks just one day before scheduled peace negotiations in Pakistan. Washington has accused Tehran of violating commitments related to the...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...