February 27, 2024
Reddit Charts New Territory with IPO, Offers Shares to Active Users
Reddit, the social media giant, has officially filed for an initial public offering (IPO) on the New York Stock Exchange, eyeing the symbol RDDT. The filing, detailed in an S-1 statement submitted to the Securities and Exchange Commission (SEC), outlines Reddit’s...
February 26, 2024
Intel Unveils Ambitious Plans for 1nm Manufacturing Process and $100 Billion Investment in Manufacturing Capacity
Intel made groundbreaking announcements that are set to shape the future of semiconductor manufacturing. The company revealed plans to launch its 1nm manufacturing process in 2027, accompanied by a substantial investment of $100 billion in manufacturing capacity....
February 25, 2024
Mercedes-Benz Shifts Gears: Abandons Ambitious Plan for Exclusive Electric Car Sales by 2030
Mercedes-Benz has announced its departure from the bold vision it embraced just three years ago, indicating a significant deviation from its plan to sell only electric cars after 2030. The company’s decision adds to a growing sense of skepticism within the global auto...
February 23, 2024
Nvidia’s Financial Report Shatters Expectations: Profits Soar 265%, Net Income Skyrockets by 769%
Nvidia has emerged as a front-runner in the tech industry’s artificial intelligence (AI) boom, as reflected in their fiscal fourth-quarter results. The company reported profits and sales that exceeded Wall Street forecasts, sending Nvidia shares soaring by...
February 20, 2024
SoftBank’s Grand Ambition: Izanagi Seeks $100 Billion for AI Chip Domination
SoftBank Group’s visionary founder, Masayoshi Son, is scaling new heights in his quest for technological dominance. According to a recent Bloomberg report, Son is actively seeking a staggering $100 billion in funding for his latest venture, codenamed Izanagi, poised to...