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…
Google's Ad Revenue Fiasco Rattles Investors Alphabet, the parent company of Google, witnessed a sharp 5.6% decline in shares after Google's December ad revenue failed to meet investor expectations. Despite quarterly figures revealing a robust ad revenue of $9.2 billion, marking a 15% year-over-year increase, the shortfall instigated a significant blow to the company's market valuation. Google acknowledged an upcoming…
ETFs Pave the Way for Easier Cryptocurrency Investment ETFs, or Exchange Traded Funds, serve as investment vehicles that consolidate a company's shares into a single portfolio based on specific attributes. These portfolios are then traded on an exchange, providing investors with a diversified and regulated approach to investing in various assets. According to reports from Engadget, the SEC has approved…
Elon Musk's Neuralink has successfully implanted a brain chip in its first patient, marking a significant step forward in the startup's mission to revolutionize brain-computer interface technology. The surgery took place on Sunday, and according to Musk, the patient is already showing signs of improvement. This development comes amid Neuralink's ongoing efforts to address neurological conditions and paralysis. Neuralink's Ambitious…
Samsung Electronics has lost its long-held position as the world's largest semiconductor chip company. Recent data from Counterpoint Research reveals a substantial 38% decline in the revenue of Samsung's chip division, dropping from $70.2 billion in 2022 to $43.4 billion in 2023. This stark decline is attributed to the downturn in the memory chip market and Samsung's challenges in attracting…
Microsoft has achieved a market valuation exceeding $3 trillion, marking a pivotal moment in the company's nearly five-decade-long history. The tech giant surged into this exclusive club after a 1.5% increase in its shares during Wednesday's trading, according to The Verge. This makes Microsoft the second company, following Apple, to reach this remarkable milestone. The Cupertino-based tech giant crossed the…
Apple's revolutionary Vision Pro headset comes with a hefty price tag, and the accessory kit follows suit, totaling a whopping $1041. While the headset itself starts at $3499, the comprehensive accessory ensemble aims to elevate the immersive experience. Let's delve into what this substantial kit entails: Travel Case - $199: Apple-designed for on-the-go protection, the Vision Pro travel case boasts…
