All Eyes on AI to Drive Big Tech Earnings
Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse into the bankability of artificial intelligence and whether the major investments AI requires are sustainable for the long haul. Analysts at Wedbush Securities, one of Wall Street’s...
China and India’s Coal Dependency Keeps CO2 Emissions Steady
China Three Gorges Renewables Group is set to construct an 8 GW solar farm as part of an ambitious $11 billion integrated energy project in Ordos, Inner Mongolia. This massive undertaking will not only be the largest solar farm in the world but will also include a diverse...
Seattle Firm Offers Subdermal Crypto Wallets for Secure Transactions
Seattle-based VivoKey Technologies offers subdermal crypto wallets for safe cryptocurrency transactions using NFC and RFID technology.
The thought of losing a crypto wallet full of Bitcoin, Ethereum, or the latest meme coin can give any investor nightmares. Seattle-based...
TSMC’s Rise to Trillion-Dollar Status: Five Must-Know Insights
Taiwanese semiconductor titan TSMC briefly joined a rarefied club of companies valued at more than $1 trillion on Monday. Here are five things to know about the Taiwan Semiconductor Manufacturing Company:
MIT and Stanford graduate Morris Chang founded TSMC in 1987 after...
Samsung Outperforms Expectations with 15-Fold Profit Increase
Samsung Electronics Co. has reported a remarkable surge in profits, marking its strongest growth in years, fueled by robust demand for memory chips amidst a global resurgence in AI development. The South Korean tech giant announced a staggering 15-fold increase in operating...
LG Energy Solution profits fall sharply amid global EV downturn
Battery maker LG Energy Solution Ltd.’s second-quarter profit fell short of analyst expectations, as the global electric vehicle (EV) market continues to experience a slowdown.
Operating profit for the three months ending June 30 dropped 58% year-on-year to 195.3...
Threads vs. X: Meta’s App Reaches 175 Million Users in First Year
Threads, Meta’s alternative to X (formerly Twitter), has hit 175 million monthly users a year after its unexpected launch.
“What a year,” Meta CEO and Facebook founder Mark Zuckerberg said Wednesday on Threads, announcing the platform’s impressive...
Google’s Greenhouse Gas Emissions Spike 48% Amid AI Boom
Google’s greenhouse gas emissions in 2023 were 48% higher than in 2019, according to its latest environmental report. The tech giant attributes this rise to the increasing amounts of energy needed by its data centers, exacerbated by the explosive growth of artificial...
Amazon Hits $2 Trillion in Value as AI Frenzy Fuels Rally
Amazon.com Inc. has reached a $2 trillion market valuation for the first time ever as an artificial intelligence-fueled rally pushed the tech giant deeper into record territory. Shares rose 3.9% on Wednesday to close at $193.61, pushing the market value to more than $2...
Investor Beware: Micron’s Selloff Exposes AI Stock Risks
Micron Technology Inc.’s post-results selloff serves as a fresh reminder to global investors about the risks inherent in betting on artificial intelligence chipmakers. The memory chip manufacturer’s shares fell about 8% in extended trading after issuing a forecast that did...