Xiaomi Corporation announced its foray into the electric vehicle (EV) arena, triggering the largest intraday surge in its share prices in over a year. The tech giant's decision to step into the highly competitive EV market marks a pivotal moment in its trajectory, signaling ambitions to rival industry behemoths like Tesla and BYD. Xiaomi's Long-Awaited Entry into the Electric Vehicle…

Pavel Durov, the founder of Telegram, proudly highlighted the staggering success of the messaging app, which now boasts a whopping 900 million monthly active users. Durov revealed that the platform's user base has surged from 500 million at the beginning of 2021, underscoring its exponential growth in a short span. Monetization Milestones: Hundreds of Millions in Revenue Durov disclosed that…

Elon Musk's Tesla has witnessed a staggering 29% plunge in its stock value within a mere 10 weeks, hitting its lowest point since May. This nosedive has led to a jaw-dropping $234 billion reduction in market capitalization, now resting just above $550 billion. Outshining Giants: More Than McDonald's, Disney, or Nike The repercussions are significant, overshadowing the market values of…

SpaceX, under the leadership of visionary CEO Elon Musk, announced a remarkable achievement on X Twitter - a groundbreaking 17 Mbps download speed directly from the Starlink satellite to an unmodified Samsung Android phone. Maximizing Potential: Peak Speeds and Coverage Clarifications Elon Musk proudly shared the achievement, stating, "SpaceX just achieved a maximum download speed of 17 Mbps from the…

Amazon founder Jeff Bezos has offloaded approximately $2.03 billion worth of Amazon stock over the past few days, marking his third significant sale this month alone. The transactions, part of a pre-established trading plan that commenced in November, have garnered attention, especially as Amazon reports total sales reaching an impressive $6 billion for February. Repetitive Trend Emerges This latest development…

During the Intel Foundry Direct Connect event, the tech giant Intel made waves with a bold announcement regarding its future manufacturing endeavors. The company declared its intention to commence the production and development of the Intel 10A node, boasting an incredibly small 1nm analog, by late 2027. Simultaneously, production based on the 14A (1.4nm) node is slated for 2026, marking…

Mercedes-Benz has decided to veer away from its ambitious plan to exclusively sell electric vehicles (EVs) by 2030. The luxury automaker's announcement on Thursday has sent ripples through the automotive industry, signaling a broader sense of caution towards an all-electric future amidst a recent slowdown in EV sales growth. Optimism to Realism: A Reversal of Fortunes Just three years ago,…

Reddit has taken a significant step towards going public, filing an S-1 statement with the Securities and Exchange Commission (SEC) as it eyes an initial public offering (IPO) on the New York Stock Exchange under the symbol RDDT. Financial Snapshot: Revenue Soars, but Profits Elusive According to the filed document, Reddit reported a robust $804 million in revenue for the…

NVIDIA has defied expectations with staggering growth across the board, riding the wave of the artificial intelligence boom. The tech giant's profits soared by an astonishing 265%, while net income experienced an astronomical surge of 769%. As a result, NVIDIA's shares witnessed an impressive 10% surge in the aftermath of the report. NVIDIA, a prominent player in the tech industry,…

SoftBank Group's visionary founder, Masayoshi Son, is embarking on a colossal mission to secure a staggering $100 billion in funding for a groundbreaking venture, codenamed Izanagi. This ambitious project seeks to revolutionize the artificial intelligence (AI) landscape by establishing a formidable presence in the production of cutting-edge AI chips, placing itself in direct competition with industry giant Nvidia. The move…

Shortly after the launch of Gemini, Google's ambitious language model, the tech giant is already introducing its successor - Gemini 1.5. Unlike its predecessor, Gemini 1.5 is initially targeting developers and enterprise users, with a consumer rollout planned later. Google positions Gemini as a versatile tool, serving as a business companion, personal assistant, and everything in between. Gemini 1.5 Pro:…

Tesla's Lucrative Business Model In an unexpected turn of events, Tesla, known for its exclusive focus on pure Battery Electric Vehicles (BEVs), has amassed a staggering $9 billion since 2009 by assisting competitors in selling internal combustion engine cars. This unconventional revenue stream, primarily driven by regulatory credits, has become a significant source of income for Elon Musk's tech-forward company.…

On the day of the highly-anticipated launch of Apple's Vision Pro headset, Tim Cook, the CEO of Apple, took the stage in New York to share his insights with ABC reporters. Cook enthusiastically spoke about the future possibilities of this cutting-edge device. A Spatial Revolution: The First Spatial Computer "I think it [Apple Vision Pro] will be used in many…

The U.S. Patent and Trademark Office (USPTO) has declared that artificial intelligence (AI) systems cannot be named as inventors in patent applications. The recent guidance, following public hearings, emphasizes that individuals can utilize AI tools in the inventive process but must disclose this information during patent registration. AI's Role in Inventions: Limited Recognition The USPTO underscores that while AI and…

In a surprising turn of events, the quarterly reports from tech giants Google and Microsoft have sent shockwaves through the artificial intelligence (AI) landscape, resulting in a staggering $190 billion loss in market capitalization for AI-related companies. Google's Ad Revenue Stumble Rattles AI Market Alphabet, Google's parent company, experienced a 5.6% drop in shares after its December ad revenue failed…