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BUSINESS

  • Why River Thinks 10% of U.S. Companies Will Invest Heavily in Bitcoin Soon River expects 10% of U.S. companies to invest $10.35 billion in Bitcoin over 18 months, driven by inflation.
  • Bill Gates vs. Fake News: Why He Believes Young People Hold the Key Bill Gates, the co-founder of Microsoft, has called on the younger generation to tackle the growing problem of misinformation.
  • Elon Musk Denies It, But Is a Big xAI-Tesla Tech Deal Really on the Horizon? Reports suggest Elon Musk's xAI may license AI technologies to Tesla, raising concerns about favoritism due to Tesla’s public status.
  • NVIDIA Invests in Applied Digital, Expanding AI Investments to Broaden Its Ecosystem NVIDIA is investing in Applied Digital’s $160 million funding round, enhancing its AI ecosystem amid broader tech expansions.
  • ChatGPT's Paid User Base Tops 1 Million—Why Businesses Are Jumping on Board ChatGPT has surpassed 1 million paid business users, with OpenAI's revenue expected to exceed $3.4 billion this year.
  • Is a Trade War Looming? JP Morgan Raises Red Flags on China Stocks JPMorgan Chase downgraded Chinese stocks from "overweight" to "neutral" due to U.S.-China tensions, weak policy support, and growth concerns.
  • Will Apple’s AI Face a Ban in China? Regulatory Challenges Ahead A recent analysis suggests that Apple's AI service, Apple Intelligence, may encounter regulatory hurdles in China.
  • August Ship Orders Go China’s Way: 90% of the Global Market In August, Chinese shipbuilders dominated global orders with 90% of the market share, while South Korea captured just 2%.
  • Tesla Soars 4.18% After Big China Announcement, But Intel and Nvidia Take Hits On Wednesday, the New York Stock Exchange experienced notable movements in the stock prices of Tesla, Intel Corporation, and Nvidia.
  • Goldman Sachs: China's Economic Slump Could Push Copper Prices Down to $5,000 Next Year Goldman Sachs has revised its forecast for copper prices next year, citing weak demand due to China's economic slowdown.
  • Money’s Gone: Why U.S. Green Tech Startups Are Crashing and Burning The clean energy sector faces rising bankruptcies due to failed fundraising and high interest rates, with notable firms shutting down.
  • Elon Musk's X Investment Disaster: $15 Billion Lost and What It Means for the Future Tesla CEO Elon Musk's acquisition of X (formerly Twitter) has seen its valuation plummet to $15 billion within just six months. 
  • Toyota Reduces Production by 500,000 Vehicles Due to Typhoon and Quality Issues Toyota lowered its annual production target to 9.8 million vehicles, citing weak Chinese sales, certification issues, and typhoon.
  • From Nvidia to Lucid: Why CalPERS Is Betting Big on Electric Vehicles CalPERS increased its Lucid Motors investment by 24%, buying 262,123 shares, anticipating growth as Lucid expands electric vehicle rollout.
  • Shocking Truth Behind China’s AI Surge—What the U.S. Can Learn from Their Success China may soon surpass the U.S. in AI, with U.S. export controls potentially accelerating China's advancements rather than hindering them.
  • China's EV Market Hits Rough Patch: Over 100 Companies Struggling Amid Price Wars and Subsidy Cuts North Korean hacking targets South Korean defense; global cybersecurity shortages drive U.S. salaries up, surpassing South Korean rates.
  • GM Hits Pause on Major Lithium Project Amid Trump Concerns GM postponed its $330 million investment in Lithium Americas' Thacker Pass project due to Trump’s potential re-election concerns.
  • Apple and NVIDIA Eye Massive Investment in OpenAI—What This Means for AI’s Future Apple and NVIDIA are exploring significant investments in OpenAI, with Thrive Capital leading a $1 billion funding round.
  • Musk vs. Brazil: Starlink's Financial Accounts Frozen in Epic Legal Battle There is an ongoing trend of holding platform owners accountable for activities occurring on their social media platforms.
  • Hyundai and Kia Earn 'A' Credit Ratings from Major Agencies Hyundai Motor and Kia recently earned A ratings from U.S. agencies Moody's Standard & Poor's (S&P) and U.K.'s Fitch.
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