BUSINESS Archives - Page 37 of 60

Colombia Bleeds Nearly One Billion Dollars in Oil Theft 2024.06.07 Recent reports revealed that Colombia has suffered losses of nearly one billion dollars over the past five years due to oil product theft.

Goldman Sachs Predicts a Sizzling Stock Market This Summer! 2024.06.07 In an investment report on June 6, Goldman Sachs indicated that they are observing more positive signals in the market this summer.

Elon Musk to Spend $10B on Nvidia AI Hardware 2024.06.05 Tesla CEO Elon Musk is likely to spend between $3 billion and $4 billion on Nvidia artificial intelligence hardware this year. This statement was made in response to a CNBC report claiming that Tesla plans to use the AI hardware for xAI, Musk’s startup. Musk refuted the report and claimed that the investment was reserved […]

Warren Buffett Dives into Lithium: New Venture with Occidental Petroleum 2024.06.05 Warren Buffett announced a partnership with Occidental Petroleum to produce battery-grade lithium.

From Chips to Chassis: How Nvidia and Foxconn Are Reshaping Auto Production 2024.06.05 Taiwan’s Hon Hai Technology Group (Foxconn) announced plans to construct an advanced computing center in Kaohsiung, centered around the Nvidia Blackwell platform. The computing center will feature the Superchip GB200 server, which will comprise a total of 64 racks and 4,608 GPUs, with completion slated for 2026. Foxconn and Nvidia plan to introduce a platform […]

Tesla's May Sales in China Drop 6.6% Despite April Rebound, Jan-May Figures Show Decline 2024.06.05 Tesla's sales in China in May 2024 amounted to only 72,573 units, down 6.6% from last year. The slide came after an 18% fall in April that...

Microsoft's $3.2 Billion Nordic Bet: AI and Cloud Expansion Across Scandinavia 2024.06.04 Microsoft has been working to promote the adoption of AI not just in Sweden but across all of Northern Europe.

Turkish Exports to Israel Plunge by 99% Amid Humanitarian Standoff 2024.06.04 According to preliminary data from Türkiye's leading exporter's association, shipments to Israel fell by 99%, recording $4.4 million.

AMD's Big Reveal: New AI Processors Set to Outperform Nvidia by 2026 2024.06.04 AMD unveiled its latest AI processor at the COMPUTEX 2024 in Taiwan and announced plans to develop AI chips over the next two years.

SEC Shakes Up Crypto Market with Latest Ethereum ETF Developments 2024.06.03 The U.S. Securities and Exchange Commission (SEC) has requested Ethereum Exchange Traded Fund (ETF) applicants to submit an amendment to their S-1 registration statement, sparking interest in the launch schedule. According to industry sources on the 1st, the SEC requested Ethereum ETF applicants to submit an amendment to their S-1 registration statement by the 31st […]

NVIDIA Announces Launch of New AI Chip Rubin by 2026 2024.06.03 NVIDIA has announced the launch of a new AI chip platform. On the 2nd (local time), NVIDIA CEO Jensen Huang announced at the Computex Trade Fair held at the National Taiwan University in Taipei that the next-generation AI chip platform Rubin will be launched in 2026. While Huang revealed that the Rubin series of chips […]

NVIDIA's CEO Unveils Ambitious Plan for AI Chip Development 2024.06.03 NVIDIA has announced its intention to release Rubin, its next-generation artificial intelligence (AI) graphics processing unit (GPU), in 2026. This comes just three months after the announcement of the Blackwell GPU, marking a swift mention of a next-generation GPU. According to Reuters on the 2nd (local time), NVIDIA CEO Jensen Huang revealed plans to launch […]

American Airlines Crews May Soon Strike Over Failed Negotiations 2024.06.03 The American Airlines flight attendant union has called on its workers to prepare for a strike, as negotiations with the airline have...

Hyundai & Kia Models Sweep Best Cars for Teen for Safety and Reliability 2024.06.01 Hyundai and Kia have set a record for the most wins at the 2024 Best Cars for Teen, conducted by U.S. News & World Report.

American by Name, Chinese by Game: Tech Firms Sidestep U.S. Sanctions 2024.05.31 There is a growing trend of Chinese companies blacklisted by the U.S. government rebranding themselves with English names to pose as American companies. According to the Wall Street Journal (WSJ) on the 29th, Hesai, a Chinese autonomous vehicle LiDAR sensor technology startup designated as a blacklisted company by the U.S. government, has changed its U.S. […]

AI Data Centers Predicted to Devour 9% of U.S. Power by 2030 2024.05.31 Due to the surge in demand brought on by the AI boom, power consumption in data centers is projected to double by 2030.

U.S. Shoppers Beware: Fiji Water Issues Recall Over Contamination Concerns 2024.05.31 Fiji Water has initiated a recall in the United States due to exceeding the standard levels of manganese and bacteria.

How Cathie Wood Let Billions Slip Away with Early NVIDIA Sale 2024.05.31 Cathie Wood has drawn attention due to claims she missed out on a nearly $723 million profit by selling all her shares last year in NVIDIA.

Pennsylvania Could Supply 40% of U.S. Lithium Demand 2024.05.31 A research team at the University of Pittsburgh has suggested the possibility of large-scale lithium extraction in Pennsylvania.

How Amazon's AWS is Capitalizing on the AI Trend 2024.05.31 Analysts predict a favorable stock trend for Amazon.com, Inc. as its AWS sees a revival in its sales growth rate.

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