Hindenburg Research’s revelation of a short position in Adani Group has left competing US investors puzzled. With Indian security rules being stringent against foreign investors betting against companies there, US investors wanted a closer look at the mechanics of the trade. So far, Hindenburg’s stance has worked out in their favor, and the Indian conglomerate …
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As of January 31, 2023, the Biden administration struck down the renewal of the export license to US companies selling essential components to China’s largest global technology company, Huawei. While the formal announcement regarding a total ban on export to Huawei has not yet been released, sources from the Department of Commerce have confirmed this …
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ChatGPT has taken over the world by storm. It has become the fastest-growing platform, with over 100 million users since its launch on 30 November 2022. It has over 13 million unique users every day, and people are finding new ways to make the best use of the platform. Now, Google is all set to …
Continue reading “Google Just Took the Wraps Off Its Long-Awaited ChatGPT Rival: Meet Bard”
On January 24, 2023, Tesla announced its plan to take a step in the direction of expansion. The plan involved investing more than US$3.6 billion to expand its Nevada Gigafactory complex with two new factories. One of these factories is finally going to be the site for the mass production of its long-delayed Semi electric …
Recently, Microsoft posted results that shed some positivity in light of the weak economy, thanks to the cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The stable results that the company posted helped soothe the fears the tech giants had about their …
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Several banks, including Bank of America and JPMorgan Chase, are collaborating to bring forth a payment wallet that gives other players in the market a run for their money. In a bid to compete with Apple Pay and PayPal, the works for a digital wallet that links with debit and credit cards are in motion. …
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Tesla vehicles in the United States are now relatively more affordable after the company reduced its prices by 20%. To increase sales, the automotive company incorporated the change two weeks into 2023. The price cut swings between 6% to 20% for Model 3 and Model Y SUVs. Tesla also implemented the new price chart in …
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The Italian electric vehicle battery maker announced their decision to license fast-charging battery technology from Israeli startup StoreDot on Monday. Through this deal, the company plans to manufacture lithium-ion batteries in Italy. Italvolt is said to procure a minimum and yet undisclosed amount of batteries produced at their plant for StoreDot’s business. This agreement is …
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Groundbreaking diagnostic technology will be introduced to Southeast Asia, starting with Singapore, through the latest Seno Medical and Genetik agreement. The exclusive distribution deal signed by the US-based company is for the former’s Imagio Opto-Acoustic/Ultrasound (OA/US) Breast Imaging System. Such an agreement is a first for Seno and Genetik will market, sell, and service the …
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Apple Inc. is in the midst of incorporating adjustments to make room for CEO Tim Cook’s pay. Tim Cook has asked for a 40% cut in his pay compared to the previous year. Per Apple’s regulatory filing in early 2023, Cook aims to reduce his compensation to $49 million this year, combining a $3 million …
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