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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...

Digital Currency Revolution

Solana Eyes $330 Target, Set to Shake Ethereum’s Market Dominance with Unmatched Speed and Low Fees

Sep 25, 2024 21:54 pm UTC| Digital Currency Technology Business

Solanas price is projected to hit $330 as its explosive transaction growth and cheaper fees attract users away from Ethereum. With SOL significantly outpacing ETH in terms of daily active users and efficiency, market...

Digital Currency Revolution

Ethereum Burn Rate Up 168%—Will ETH Prices Heat Up?

Sep 25, 2024 21:41 pm UTC| Digital Currency Technology Business

Over the past week, Ethereums burn rate has risen by 168%, reducing the circulating supply amid growing network activity. Historical trends suggest this could precede an ETH price increase. The burn rate of Ethereum has...

Digital Currency Revolution

Breaking: PayPal Launches Crypto Services for Millions of US Businesses

Sep 25, 2024 21:07 pm UTC| Digital Currency Technology Business

In a groundbreaking move, PayPal has expanded its cryptocurrency services to millions of U.S. merchants, enabling businesses to buy, hold, sell, and transfer digital currencies like Bitcoin directly from their PayPal...

Digital Currency Revolution

BlackRock Amplifies Bitcoin Buying—529 BTC Added; Is $70K the Next Target?

Sep 25, 2024 20:54 pm UTC| Digital Currency Technology Business

BlackRock has ramped up its Bitcoin buying by adding 529 BTC, bringing its total holdings to 359,606 BTC. This aggressive accumulation by the investment titan is stirring optimism about Bitcoin reaching the $70,000...

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Economy

Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal

Indonesia expects to finalize its tariff negotiations with the United States by the end of the year, signaling continued momentum in bilateral trade relations despite reports of growing tensions. The announcement was made...

Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook

Most Asian currencies traded in a narrow range on Friday as investors digested the U.S. Federal Reserves latest interest rate decision and assessed the outlook for monetary policy next year. While regional foreign exchange...

Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals

U.S. stock futures edged lower on Thursday evening as renewed pressure on technology and artificial intelligence stocks overshadowed optimism surrounding a more accommodative Federal Reserve. The pullback was driven...

Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade

Indian Prime Minister Narendra Modi said he held a phone conversation with U.S. President Donald Trump on Thursday, as New Delhi intensifies efforts to secure relief from steep U.S. tariffs imposed on key Indian exports....

Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns

Most Asian stock markets surged on Friday, driven by a rebound in technology shares after recent volatility sparked by concerns over the artificial intelligence trade. Investor sentiment improved following positive cues...

Politics

Democrats Face Uphill Battle in Midterm Elections Despite Recent Victories, Reuters/Ipsos Poll Shows

Recent Democratic election wins have fueled optimism that the party could reclaim one or even both chambers of the U.S. Congress in next years midterm elections. However, a new Reuters/Ipsos poll suggests that this...

Trump Claims Pardon for Tina Peters Despite No Legal Authority

U.S. President Donald Trump said Thursday that he is pardoning Tina Peters, a former Colorado county clerk convicted of tampering with voting machines following the 2020 presidential election, even though he has no legal...

Trump Signs Executive Order to Establish National AI Regulation Standard

U.S. President Donald Trump on Thursday signed a sweeping executive order aimed at creating a unified national framework for regulating artificial intelligence, marking a significant shift in how AI governance is handled...

Trump Signals Conditional Push for Ukraine Peace Talks as Frustration Mounts

U.S. President Donald Trump has indicated that his administration may send a senior representative to Europe this weekend for potential peace talks on the war in Ukraine, but only if there is a genuine opportunity to...

U.S. Bomber Flights Over Sea of Japan Signal Strong Alliance With Tokyo Amid China-Russia Drills

U.S. nuclear-capable bombers conducted a high-profile flight over the Sea of Japan alongside Japanese fighter jets this week, underscoring the strength of the U.S.-Japan security alliance amid rising regional tensions...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO

Moore Threads Technology Co Ltd (SS:688795), a Chinese graphics chipmaker often described as Chinas potential rival to NVIDIA Corporation (NASDAQ:NVDA), saw its share price fall sharply on Friday after the company issued a...

Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies

Evercore ISI analysts have reiterated their Outperform rating on Alphabet Inc. (NASDAQ: GOOGL), emphasizing that Googles core search business continues to dominate the market despite intensifying competition from...

Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case

Apple secured a partial victory in its long-running legal battle with Epic Games after a U.S. appeals court on Thursday modified parts of a lower court order that required changes to the iPhone makers highly profitable App...

SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand

South Koreas leading memory-chip producer SK Hynix is exploring a potential listing on the U.S. stock market through American Depositary Receipts (ADRs), according to a regulatory filing released Wednesday. The company...

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...