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BUSINESS

  • Intel Introduces Gaudi 3 AI Chip, Eyes Competition with Nvidia and AMD Intel is launching its Gaudi 3 AI chip to compete with Nvidia and AMD, claiming superior efficiency and speed for generative AI.
  • China’s Stimulus Boosts Oil Prices as U.S. Faces Hurricane Threats The price of New York crude oil rose after China announced interest rate cuts and a large economic stimulus package.
  • Silicon Valley vs. Seoul: U.S. Tech Fears Korean Laws Could Help China The CCIA opposes South Korea's Platform Competition Promotion Act, arguing it may harm U.S. firms and benefit Chinese competitors.
  • Lemon8 vs. TikTok: ByteDance's Battle for Social Media Supremacy Lemon8, a social media platform owned by ByteDance, is steadily rising in the U.S. App Store rankings, according to a report from TechCrunch.
  • Israel's AI Ambition Skyrockets Them to 4th in the World: Their Plan to Outshine the U.S. and China Israel's AI technology ranks fourth globally, with a high talent percentage and a $2.7 million plan to attract overseas experts.
  • Coca-Cola Bets Big on Nigeria: $1 Billion Investment to Transform the Market Bola Tinubu, the President of Nigeria, and senior executives from Coca-Cola have concluded an investment-related meeting.
  • Judge Approves Terraform Bankruptcy—Can Investors Get Their Money Back? Terraform Labs, the company behind the cryptocurrencies Terra and Luna, has received bankruptcy approval in the United States.
  • Casino Fever: 80% of Thais Support Legalizing Casinos for Tourism Boost The Thai government is advancing casino legalization to boost tourism, with strong public support and plans for entertainment complexes.
  • Musk's Lithium Nightmare? Russia and Bolivia’s $970 Million Deal Could Shake Up the Market! Russia's state nuclear company subsidiary Uranium One Group will partner with Bolivia to build a lithium carbonate plant. 
  • China's AI Models Racing Ahead: Could They Outpace U.S. in Just Months? A recent report suggests that while China's artificial intelligence(AI) models lag behind their American counterparts by about six months.
  • Nvidia’s Plan B: Jensen Huang Reveals Backup Strategy if TSMC Faces Geopolitical Challenges Nvidia CEO Jensen Huang recently discussed the partnership with TSMC, hinting that he could utilize other foundries as necessary. 
  • House Passes Bill Blocking Tax Credits for Chinese-Backed EVs: Big Win for U.S. Auto Industry? On Thursday, U.S. House of Representatives passed H.R. 7980, the End Chinese Dominance of Electric Vehicles in America Act of 2024.
  • Trump's Ex-Security Chief Calls for Tougher Protection of U.S. Companies! Robert O'Brien highlighted the need for the U.S. to shield American companies from stringent regulations imposed by Korea and Japan.
  • U.S. Deputy Secretary Calls for Ban on Samsung’s and SK Hynix’s High-Tech Memory in China The U.S. government mentioned the potential export ban on high-bandwidth memory (HBM) produced by Samsung Electronics and SK Hynix in China.
  • No SIM Tray in the U.S.? Apple’s iPhone 16 Keeps It Old-School for International Users Apple's iPhone 16 series retains a nano SIM card tray in select countries, unlike the U.S., which uses only eSIM.
  • Saudi Arabia's Vision 2030 Budget Slashed—41% Drop in Project Contracts Revealed Saudi Arabia's Vision 2030 real estate projects, now valued at $1.3 trillion, saw a 41% drop in new contracts this year.
  • Michael Saylor Predicts Bitcoin Will Crush the S&P 500—Can It Really Reach $13 Million? Michael Saylor forecasts Bitcoin could reach $13 million by 2045, significantly outperforming the S&P 500, despite Peter Schiff's skepticism.
  • Apple's Big Reveal: What’s Leaving and What’s New? Apple's event unveiled iPhone 16, new AirPods, and Apple Watches. The iPhone 15 Pro, 14 Plus, and older models may be discontinued.
  • Tesla’s 47% Drop: Shocking Truth About Why EVs Aren’t Selling The Motley Fool blames Tesla’s 47% stock drop on reduced EV interest due to range and charging issues. The Motley Fool attributes Tesla's 47% stock decline to waning EV interest, citing limited range and charging station access.
  • Canadian Mining Giant Bets Big: $3.5 Billion Copper Investment Shakes Up Argentina First Quantum Minerals is investing $3.5 billion in Argentina's Taca Taca copper project, spurred by the suspension of the Cobre Panamá mine.
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