The intricate web of alliances and investments in the tech industry often hides motivations driven by competitive pressures. Recent revelations from emails disclosed in the Department of Justice’s antitrust case against Google shed light on Microsoft's OpenAI Partnership strategic maneuvering in the AI landscape, which ultimately led to its pivota…
News
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The courtroom drama of U.S. et al. v. Google, a Landmark Case Concludes antitrust trial against the tech giant, is reaching its crescendo as final arguments are set to be delivered on Thursday and Friday. This trial, which has been years in the making, represents one of the most significant challenges to the dominance of tech behemoths in the moder…
Wall Street's Turbulence saw a notable downturn today as disappointing GDP growth numbers and underwhelming corporate performances fueled concerns about future rate cuts and economic outlook. The market sentiment was further dampened by Meta’s dismal results, with its shares plummeting nearly 11%, dragging down other tech giants like Alphabet, Ama…
Microsoft Corp. has once again outperformed market expectations with its quarterly sales and profit figures, showcasing a robust 17% increase in revenue to $61.9 billion for the third quarter ending March 31. The tech giant reported earnings of $2.94 per share, surpassing analysts' average estimate of $2.83 per share on sales of $60.9 billion. This…
The Beijing Auto Show unveiled a futuristic vision of automobiles as more than mere transportation devices, showcasing how Chinese automakers are leading the charge in redefining cars as living spaces. From swiveling front seats that turn the car into an intelligent living room on wheels to expansive digital screens and AI-enabled connectivity, the…
Airbus one of the world's leading aircraft manufacturers, has released its financial results for the first quarter of 2024, showcasing impressive growth in revenues and profits despite ongoing challenges in the global operating environment. The Airbus Q1 Revenues company's success is attributed to increased demand for its A350 aircraft and a robu…
In the world of tech giants, Google parent company Alphabet Inc. (GOOG, GOOGL) made significant waves on Friday with an impressive 11% surge in pre-market trading Due to AI Investment Plans. This surge followed the release of standout quarterly results that not only exceeded revenue and earnings estimates but also delighted investors with the anno…
Honda is making big strides in the electric vehicle EV Manufacturing market with a groundbreaking $11 billion (CAD$15 billion) investment earmarked for constructing four new EV plants in Canada. This colossal commitment not only signifies Honda's entry into the EV domain but also marks the creation of Canada’s inaugural EV supply chain, with a capa…
Mining powerhouse Anglo-American has firmly rejected a staggering $39 billion takeover bid from rival BHP Group, citing concerns that the offer grossly undervalues the company and its promising future trajectory.
The Australian-based BHP had extended an all-share takeover proposal valuing Anglo American at £31.1 billion ($38.9 billion), with amb…
Vision for Interstellar Travel:
Kam Ghaffarian, the founder of IBX, is setting his sights on a grandiose vision beyond just space exploration – interstellar travel. Speaking at the Space Symposium in Colorado Springs, Ghaffarian outlined his ambition to combine altruism with capitalism to make a positive impact, aiming to protect Earth while als…
Latest News
The Starbucks union strike, which began on Friday, has now expanded to nine states, according to the union. On Sunday, worker…
Nike's new CEO, Elliott Hill, has announced a fresh strategy to restore the company’s growth after declining revenue and prof…
Thousands of Amazon workers across four states have gone on strike during the peak holiday season, just days before Christmas…
The Dow Jones Industrial Average plunged on Wednesday, closing by over 1,100 points, or 2.6%, following a disappointing outlo…
The Fed interest rate decision is set to be significant, sparking anticipation and debate over its next steps in managing the…
Broadcom CEO Hock Tan states that Broadcom’s rapid ascent in the AI technology sector continues to gain momentum, with its ma…