The CEO of blockchain startup Ripple, Brad Garlinghouse, has made bold predictions about the future of the cryptocurrency market. Garlinghouse anticipates that the combined market capitalization of all cryptocurrencies will exceed $5 trillion by the end of the year. He attributes this potential growth to various macro factors, including the recent approval of the first
Enterprise
The value of a car starts to decline the moment it is driven off the lot, but when it comes to electric vehicles, the depreciation seems to be taking a whole new level. According to a recent study conducted by iSeeCars.com, the average price of a 1- to 5-year-old used EV in the U.S. has
In a significant move, SK Hynix, a major player in the memory chip industry, has announced its plan to invest $3.87 billion in its first chip packaging facility in the U.S. This decision comes as a part of the Biden administration’s efforts to bring chip production back to American soil. The facility, set to be
The introduction of Waymo self-driving cars into the Uber Eats delivery fleet in the Phoenix metropolitan area marks a significant milestone in the evolution of food delivery services. This groundbreaking partnership between Uber and Waymo signifies a shift towards greater reliance on autonomous technology in the food delivery industry. While Phoenix is the seventh location
Tesla’s first-quarter report for 2024 revealed a significant drop in both deliveries and production compared to the year-ago quarter and the previous quarter. Total deliveries in Q1 2024 amounted to 386,810, down 8.5% from the same period last year and a staggering 20% decline from the fourth quarter. On the production side, Tesla manufactured a
Samsung is considering adding generative artificial intelligence technology to its voice assistant Bixby to improve the overall functionality of its devices. Bixby was initially introduced in 2017 alongside Samsung’s Galaxy S8 smartphone, offering various features such as live translations and restaurant recommendations. However, traditional voice assistants like Bixby have primarily focused on answering user queries
AT&T recently made headlines with the announcement of a data breach that exposed millions of customers’ information on the dark web. The company has taken immediate action by resetting passwords for affected current and former users. Despite this breach, AT&T claims that it has not experienced any significant operational disruptions as a result of the
The presence of China-made electric vehicles (EVs) in Europe is on the rise, with these vehicles expected to account for more than a quarter of EV sales in the continent this year. The European Federation for Transport and Environment (T&E) reported that about 19.5% of battery-powered EVs sold in the EU last year were from
In response to the increasing prevalence of scams in the financial services industry, the Financial Conduct Authority (FCA) in Britain has announced strict guidelines for financial services companies and social media influencers who use memes to promote investments. The FCA emphasized the importance of fair, clear, and non-misleading marketing of financial products, including those expressed
Andy Bechtolsheim, a well-known figure in the tech industry as the co-founder of Sun Microsystems and Arista Networks, has recently reached a settlement with the SEC on insider trading charges that have tarnished his reputation and cost him nearly $1 million. This settlement raises questions about the ethics of Bechtolsheim’s actions and the consequences he
