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Apple has begun shipping its custom-built AI servers from its manufacturing facility in Houston, Texas. This move signals a significant step in the company’s push to internalize control over the infrastructure powering its next generation of Artificial Intelligence features. The servers are essential to supporting Apple’s new suite of on-device and cloud-based AI services, which…
The White House has confirmed that the President granted a pardon to Changpeng Zhao (CZ), the convicted founder of the cryptocurrency exchange Binance. Zhao had previously pleaded guilty to federal charges related to money laundering and violating U.S. sanctions laws, resulting in a prison sentence and massive corporate fines for Binance. The decision to pardon…
Applied Materials, a major supplier of equipment and services to semiconductor manufacturers, has announced a significant workforce reduction. The company plans to lay off 4% of its global employees. This decision is part of a broader initiative aimed at simplifying operations and streamlining its organizational structure. The restructuring is designed to enhance efficiency and reduce…
Intel’s stock price experienced a significant surge, climbing nearly 10% in extended trading. This major jump followed the release of the company’s third-quarter earnings report, which revealed a substantial profit beat over Wall Street expectations. The strong results signal a potential turning point in Intel’s competitive battle with rivals. The outperformance was likely driven by…
Shares of luxury group Kering saw a strong jump in early trading. This surge follows positive news regarding its largest brand, Gucci. The company reported a sharp sequential improvement in Gucci’s performance. Sequential improvement means performance was much better than in the previous three-month period. This news is highly important for Kering. Gucci is its…
Shares of Volvo Cars experienced a massive surge today. The stock is currently on track for its best day ever on the public market. This impressive rally follows the company’s release of its latest earnings report. Volvo announced that its quarterly profit significantly beat analyst estimates. The key driver behind the profit success was strong…
Geopolitical tensions are reshaping the global oil market. The United States and its allies have imposed strict sanctions on Russia. These sanctions target major energy firms like Rosneft and Lukoil. However, two key nations are helping Russia maintain its oil revenue: China and India. China and India are buying Russian oil at discounted prices. This…
The relationship between China’s tech sector and Silicon Valley is undergoing a profound shift. Once intertwined, the two centers of innovation are now increasingly separated. This trend is driven by geopolitical tensions and government policy. US investment firms are facing tougher rules. They must now limit or stop funding certain Chinese technology ventures. This includes…
A major tension has emerged between Elon Musk and NASA Administrator Duffy. The two are currently jostling over the direction of the US space agency. Their public disagreement focuses on NASA’s priorities and leadership structure. Musk has often criticized NASA’s bureaucracy. He argues the agency should move faster on Mars missions. He wants a stronger…
Scientists in the United States and Japan have announced a major breakthrough. Their joint research offers new insights into neutrinos. Neutrinos are often called “ghostly” because they pass through matter without interacting. They are one of the most mysterious particles in the universe. The new findings concern the fundamental properties of these particles. Specifically, the…
