While Tesla may be dominating the electric vehicle market in the U.S., the landscape looks quite different on a global scale. In particular, Chinese automaker BYD, backed by Warren Buffet, has been making waves in the industry. In fact, in the fourth quarter of 2023, BYD surpassed Tesla as the world’s top EV maker, a
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Bitcoin made a strong rebound at the beginning of the final week of March, surpassing the $70,000 mark. The leading cryptocurrency’s price surged by 7% to reach $70,617.68, as reported by Coin Metrics. This impressive rally also had a positive impact on other digital assets, with Ether rising by 5% to $3,575.01. In response to
Match Group, the operator of popular dating apps such as Tinder and Hinge, has recently made some significant changes to its board of directors. Laura Jones, the Chief Marketing Officer of Instacart, and Spencer Rascoff, the co-founder of Zillow, have been appointed as new directors of the company. This move comes amidst a period of
China’s recent decision to phase out U.S. processors in government computers and servers has sparked concerns in the tech industry. The new guidelines, unveiled on December 26, come as part of China’s push to bolster its domestic semiconductor industry and reduce reliance on foreign technology. This move will have a significant impact on major U.S.
Tim Cook, the CEO of Apple, has confirmed that the company’s Vision Pro headset will be launching in China this year. This announcement was made in a video posted on CCTV’s Weibo account, a popular Chinese social media site. The Vision Pro, which is Apple’s virtual and augmented reality headset, was first introduced in the
In a surprising turn of events, Wall Street’s tech IPO bankers have finally seen a glimmer of hope after a prolonged period of silence in the market. This week marked the market debuts of Reddit and Astera Labs, the first notable venture-backed tech companies to go public in the U.S. since September of the previous
Anthropic, the AI startup competing with OpenAI, has sparked interest from several deep-pocketed sovereign wealth funds seeking a stake in the company. However, one notable exclusion from the list of potential investors is Saudi Arabia. Despite the growing demand for Anthropic’s shares, the company has made it clear that it will not be accepting any
Following the Justice Department’s lawsuit against Apple for alleged anticompetitive practices, the top antitrust official emphasized the importance of competition on the merits. Jonathan Kanter highlighted that competition benefits everyone – businesses, consumers, and the economy. The lawsuit aims to address concerns regarding Apple’s control over the smartphone market and its tactics to keep consumers
The U.K.’s Competition and Markets Authority (CMA) has raised concerns regarding Vodafone’s proposed merger with rival CK Hutchison. The CMA stated that unless “meaningful solutions” are provided by the two mobile operators, the merger will undergo an in-depth probe. The CMA’s main worry is that the deal could potentially result in a substantial lessening of
Elon Musk’s Neuralink has been making waves in the medical and technological fields with its groundbreaking brain implant technology. Recently, the company streamed a live video showcasing the first human patient, Noland Arbaugh, using the device to control a computer and play chess. This development has sparked interest and excitement, but also raised critical questions
