The recent announcement by the White House regarding Intel being awarded up to $8.5 billion in CHIPS Act funding signifies a significant step towards enhancing semiconductor manufacturing within the United States. This funding, coupled with a possibility of an additional $11 billion in loans from the CHIPS and Science Act, highlights the Biden administration’s commitment
Enterprise
Ledger, a prominent crypto wallet maker, has recently announced the upcoming launch of its highly anticipated hardware wallet, Ledger Stax. The product, designed by Tony Fadell, the inventor of iPod, promises to revolutionize the way users manage their cryptocurrency holdings. However, despite the excitement surrounding this new product, Ledger has faced significant challenges and delays
Nvidia’s CEO Jensen Huang recently revealed that the company’s next-generation graphics processor for artificial intelligence, known as Blackwell, will come with a hefty price tag of between $30,000 and $40,000 per unit. This new chip is expected to revolutionize the AI industry, but the high cost raises some eyebrows. According to Huang, Nvidia had to
Apple’s potential plans to license Google’s Gemini AI for future iPhones have caused Alphabet shares to rise significantly in early premarket trade. This move could potentially revolutionize the iPhone user experience by incorporating Google’s suite of generative AI tools, such as chatbots and coding assistants, into Apple’s ecosystem. According to reports from Bloomberg, Apple and
India has set its sights on becoming one of the top five semiconductor producers in the world within the next five years. Ashwini Vaishnaw, the minister of electronics and information technology, railways, and communications, expressed this ambition, highlighting the complexity of the global chip industry and the supply chains associated with it. As of December,
Norway has emerged as a global leader in electric vehicle (EV) adoption, with an impressive 82% of new cars sold in the country in 2023 being electric. This remarkable achievement can be attributed to the generous subsidies provided to EV owners and the substantial investment in charging infrastructure. The Norwegian Road Federation’s data showcases the
An Indiana jury recently delivered a verdict in a legal case involving electric vehicle manufacturer Tesla and one of its employees. The case stems from a 2017 crash between a Tesla-owned Ford truck and a motorcycle, resulting in severe injuries to the motorcyclist, Christopher Dugan. The jury determined that both Tesla and its employee, Kyle
Reddit recently disclosed that it had received a letter from the Federal Trade Commission (FTC) regarding its data-licensing business operations, particularly related to the training of artificial intelligence (AI) systems. The FTC’s staff is conducting a non-public inquiry focused on Reddit’s sale, licensing, or sharing of user-generated content with third parties for the purpose of
Recently, Tesla settled a racist discrimination lawsuit by paying $3.2 million in damages to Owen Diaz, a Black employee who worked as an elevator operator at its Fremont, California factory in 2015. The lawsuit was settled amicably with confidentiality terms between the parties. The lawsuit highlighted the ongoing issue of racial discrimination and harassment faced
In a recent interview with CNBC, Palantir CEO Alex Karp didn’t hold back when discussing his feelings towards short sellers. He expressed a level of satisfaction in seeing short sellers suffer when their bets against his company fail. Karp’s blunt comments shed light on the contentious relationship between companies and investors who try to profit
