During the Intel Foundry Direct Connect event, a seismic shift in the semiconductor industry unfolded as Intel announced its bold strategy for the future. The tech giant revealed plans to launch the 1nm manufacturing process in 2027, coupled with a staggering $100 billion investment in manufacturing capacity. These pivotal moves mark Intel's commitment to staying at the forefront of innovation…
In a groundbreaking move, social media giant Reddit is charting a new course towards its initial public offering (IPO) on the New York Stock Exchange, as it invites active users, including moderators and those with high karma scores, to partake in its stock offering. The company, symbolized as RDDT, has filed an S-1 statement with the Securities and Exchange Commission…
In a resounding victory for Nvidia, the tech giant reported fiscal fourth-quarter results that surpassed Wall Street expectations, riding the wave of the ongoing artificial intelligence boom. The financial figures revealed a staggering 265% increase in profit and a jaw-dropping 769% surge in net income, signaling a period of unprecedented growth for the semiconductor giant. Booming AI Models Propel Profits…
SoftBank Group's founder, Masayoshi Son, is embarking on an audacious mission to raise $100 billion for a groundbreaking AI chip venture, codenamed Izanagi, challenging Nvidia's supremacy in the artificial intelligence chip market, according to a Bloomberg report. Izanagi's Strategic Partnership with Arm The venture will strategically partner with Arm, the chip design company spun off by SoftBank last year. SoftBank…
Mercedes-Benz has decided to veer away from its ambitious plan to exclusively sell electric cars by 2030. The announcement made on Thursday marks a significant departure from the automaker's optimistic stance just three years ago, signaling a growing sense of skepticism within the global auto industry regarding an all-electric future amidst a recent slowdown in sales growth. A Shift in…
Google's ambitious language model, the tech giant is already making waves with its latest iteration, Gemini 1.5. Positioned as a versatile business tool and personal assistant, Gemini 1.5 Pro boasts a remarkable 87% performance boost over its predecessor, Gemini 1.0 Pro, in tests. Utilizing the innovative "Mixture of Experts" (MoE) technique, the model processes specific requests with a segmented approach,…
Amazon founder Jeff Bezos has once again offloaded a substantial portion of his Amazon stock, this time totaling a staggering $2.03 billion. This marks the third instance in the past month that Bezos has engaged in such significant stock liquidation, sending shockwaves through the financial world. February's Sales Surge to $6 Billion The recent sale comes as part of a…
Tesla has raked in a staggering $9 billion since 2009, not from its electric vehicle (EV) sales, but by aiding competitors in selling internal combustion engine (ICE) cars. Despite exclusively producing pure battery electric vehicles (BEVs), Elon Musk's brainchild has found an ingenious revenue stream – regulatory credits. Unveiling Regulatory Credits: A Lucrative Side Hustle Tesla's annual report reveals a…
The U.S. Patent and Trademark Office (USPTO) has clarified its stance on artificial intelligence (AI) in patent applications. The agency explicitly states that AI systems cannot be named as inventors, yet individuals can employ AI tools during the inventive process, provided they disclose such usage. After conducting hearings to gather public input, the USPTO emphasized that the utilization of AI…
On the day of the launch of the Vision Pro headset, Apple CEO Tim Cook spoke to ABC reporters in New York. He spoke about the vision of the future of such devices. "I think it [Apple Vision Pro] will be used in many different ways because it's a spatial computer. You know, the iPhone introduced us to the mobile…
