The Biden administration is exploring the possibility of implementing territorial restrictions on the export of advanced artificial intelligence (AI) chips, particularly those produced by leading U.S. companies such as Nvidia Corp. The potential policy aims to control the distribution of these cutting-edge technologies, which are seen as critical assets in the global AI race. Strategic Export Licensing Under Consideration According…

BlackRock, the world’s largest money manager, achieved a historic milestone, with its assets under management (AUM) exceeding $11 trillion for the first time. This record was driven by a robust market rally and a surge in new investments, pushing the company’s shares to a new high. Revenues Exceed Expectations During the recent quarter, BlackRock’s revenues rose by 15% to $5.2…

Elon Musk, the trailblazing CEO of Tesla, once again captured the world’s attention on Thursday with his bold vision of an "age of abundance." Musk's grand announcement promised a future filled with self-driving cars that lack steering wheels, urban spaces transformed from parking lots to parks, and robots mingling with the human population. It was a dazzling spectacle—typical of Musk—complete…

The cryptocurrency market is abuzz today as a new report reveals that spot Bitcoin Exchange-Traded Funds (ETFs) now hold a staggering 5% of the total Bitcoin supply. This significant development reflects the growing interest from institutional investors in Bitcoin as an asset class, which is being increasingly embraced by financial giants. BlackRock Leads the U.S. ETF Market with $22.91 Billion…

Meta’s Ray-Ban smart glasses, already one of the more ambitious attempts at blending fashion with AI technology, are taking a leap forward with new updates that push the boundaries of wearable tech. At the recent Meta Connect conference, the company unveiled a series of software enhancements and a new translucent style for its Ray-Ban smart glasses, which promise to make…

Fidelity has dramatically lowered its valuation of Elon Musk’s social media platform X, formerly known as Twitter, highlighting the financial struggles the company faces. Since Musk acquired the platform for $44 billion in October 2022, X’s worth has plummeted, with Fidelity's latest estimate placing its value at just $9.4 billion — less than a quarter of the purchase price. Fidelity's…

Tesla's recent decision to send managers to the homes of employees on long-term sick leave has ignited significant backlash from the plant's union and raised questions about workplace ethics. This move, described by André Thierig, the manufacturing director of Tesla's Berlin-Brandenburg gigafactory, as an effort to “appeal to employees’ work ethic,” has been met with vehement opposition from labor representatives.…

Sam Altman, CEO of OpenAI, has been vocal about how artificial intelligence will reshape the future. In a recent and rare personal blog post, Altman painted a bold and optimistic picture of the world with AI, declaring that the future will be "so bright that no one can do it justice by trying to write about it now." His post…

Messaging giant Telegram is set to alter its approach to user data by providing authorities with user IP addresses and phone numbers in response to valid legal requests, as announced by CEO Pavel Durov. This significant policy shift aims to curb criminal activities and comes in the wake of Durov's recent legal troubles in France, where he faces charges related…

India’s Competition Commission of India (CCI) has accused smartphone giants Samsung and Xiaomi of colluding with e-commerce platforms Amazon and Flipkart to conduct exclusive online product launches, in violation of antitrust laws. These practices, the CCI states, have hurt smaller retailers across the country, raising concerns over free competition. Regulatory Scrutiny Deepens According to reports by Reuters, the CCI's investigation…

Samsung is reportedly accelerating plans to launch a rollable smartphone, possibly debuting as soon as 2025. This strategic shift comes amid growing challenges from rival brands that are pushing the limits of foldable technology. Facing Fierce Competition The foldable smartphone arena has become increasingly crowded, with major players like Google and OnePlus releasing compelling models. The Pixel 9 Pro Fold…

Apple has officially released iOS 18, marking a significant leap in personalization, functionality, and intelligence for iPhones. This latest software update brings deeper customization to the Home Screen, a massive overhaul to the Photos app, and the highly anticipated debut of Apple Intelligence, a system designed to revolutionize how users interact with their devices. More Customization Options Than Ever iOS…

In a highly anticipated release, Apple has unveiled its new flagship smartphones—the iPhone 16 and iPhone 16 Plus—boasting impressive advancements in technology and design. Released on September 13, 2024, these devices mark a significant upgrade over previous models, combining cutting-edge features with enhanced performance. New Features and Design Starting at $799, the iPhone 16 and iPhone 16 Plus feature the…

On Thursday, September 12, 2024, SpaceX achieved a groundbreaking milestone by conducting the world's first private spacewalk during its Polaris Dawn mission. The crew, led by billionaire and mission commander Jared Isaacman, embarked on this historic feat as they soared high above Earth. This momentous event occurred on the third day of a five-day journey in orbit, marking a new…

China has outspent South Korea, Taiwan, and the United States combined on chipmaking equipment, investing a staggering $25 billion in the first half of 2024. This unprecedented spending underscores China’s ambition to localize chip production and insulate itself from potential Western trade restrictions, as tensions surrounding technology exports continue to escalate. An Unprecedented Investment in Semiconductors China’s bold $25 billion…