Business & Finance
Samsung will receive up to $6.4 billion from the U.S. and increase investment in the country to $45 billion
According to Nikkei Asia, which quotes US officials, South Korean electronics giant Samsung Electronics would double its investment in the US from $17 billion to roughly $45 billion and get up to $6.4 billion in support from the US government. Samsung intends to construct two chip facilities...
European Commission approves Illumina's plan to sell Grail
The European Commission authorized American Illumina Inc.'s plan to sell the company that developed the Grail cancer detection tests, according to a press release from the EC. The sale will make Grail independent, enabling it to continue competing in the market, according to the regulator. EU...
Samsung regains leadership in global smartphone market in Q1
International Data Corporation (IDC) claims that South Korean corporation Samsung was the world's leading smartphone seller as of the first quarter of 2024. Apple Inc., based in the United States, took the lead for the first time by the end of 2023. According to a preliminary assessment by IDC,...
Hong Kong Is Expected To Approve Its First Spot Bitcoin ETFs In April – Reports
Spot bitcoin exchange-traded funds may debut in Hong Kong this month, with the first approvals probably being revealed the following week, according ot reports quoting information from two sources with knowledge of the matter. That schedule, which is far faster than industry forecasts of...
Report Finds The Emissions Goals Of Large Firms Are Inadequate
According to a research released on Tuesday, a number of the largest listed businesses' combined carbon emissions reduction objectives are too low, which means they are not doing enough to mitigate the most severe effects of climate change. According to a survey conducted by Carbon Market...
Meta Updates The Laws Governing Deepfakes And Other Modified Material
Ahead of the US elections that will put its capacity to monitor misleading content produced by emerging artificial intelligence technology to the test, Facebook's parent company Meta announced significant modifications to its regulations on digitally created and edited media on Friday. ...
Inside The Clandestine Big Tech Battle To Purchase AI Training Data
Photobucket was the most popular image hosting website in the world when it peaked in the early 2000s. With 70 million members, it constituted over half of the online photo market in the United States and served as the media foundation for once-popular sites like Myspace and Friendster. As...
EV Adoption Is Threatened By Its' Low Resale Prices, Several Experts Say
The saying "a car is worthless the moment you drive it off the lot" is being elevated to a new degree by electric automobiles. Certain investment and industry experts believe that this is increasingly becoming a significant obstacle to broader adoption. According to a recent iSeeCars.com...
Intel records $7 billion operating loss in custom chip segment
In 2023, Intel Foundry, the company's bespoke chip division, reported an operational deficit of $7 billion. The foundry sector's loss increased from $5.2 billion to $5.5 billion as a result of a decline in revenue. The segment brought in $18.9 billion in sales last year as opposed to $27.5 billion...
Tesla's quarterly sales fall for the first time since 2020
The American electric vehicle maker Tesla released its manufacturing and sales figures at the end of the first quarter. Over a span of three months, the corporation manufactured 433.4 thousand automobiles and supplied 386.8 thousand cars to consumers. Model Y crossovers and Model 3 sedans accounted...
