U.S. President Joe Biden delivered remarks and signed an executive order on “promoting competition in the American economy” during an event in the State Dining Room at the White House in Washington D.C. on July 9, 2021. This event marked a significant moment for Biden’s pro-competition agenda, which has been praised by progressives for appointing …
Sopa Images | Lightrocket | Getty Images Authorities have apprehended Su Zhu, a co-founder of the bankrupt digital asset hedge fund Three Arrows Capital, who was attempting to flee Singapore. Liquidators overseeing the bankruptcy estate of 3AC, the collapsed fund, announced on Friday that Zhu was arrested at Changi Airport in Singapore while trying to …
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase’s decision to block crypto-related transactions at its U.K. digital banking subsidiary, Chase UK. Chase UK earlier …
Lisa Su, CEO of AMD. Scott Mlyn | CNBC Shares of AMD rose almost 5% Thursday, a day after Microsoft’s technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates. So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since the launch in late …
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, U.S., on Monday, May 11, 2020. David Paul Morris | Bloomberg | Getty Images The U.S. Equal Employment Opportunity Commission (EEOC) is taking legal action against Tesla. They accuse Elon Musk’s electric car company of violating federal law by allowing widespread and persistent racial harassment …
VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast’s plan to deliver 50,000 vehicles this year is being called “unrealistic” by analysts. VinFast expects to deliver 40,000 to 50,000 vehicles in 2023, despite the weak …
An uncaptioned image posted on the company’s website appears to show Starshield technology in orbit. SpaceX The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing, a military-specific version of the company’s Starlink satellite internet system, according to a statement released by the defense agency on Wednesday. A …
Meta announced the release of Quest 3, the highly anticipated sequel to the best-selling VR headset, on Wednesday. The Quest 3, priced at $499, is $200 more expensive than its predecessor. However, it boasts a more powerful Qualcomm chip, improved screens, and a feature called “passthrough,” which is expected to be a key feature on …
Microsoft’s chief technology officer, Kevin Scott, revealed on Wednesday that the company is experiencing greater accessibility to Nvidia’s chips for artificial intelligence workloads compared to a few months ago. Speaking at Vox Media’s Code Conference, Scott explained that the market for Nvidia’s graphics processing units (GPUs) is starting to open up. The demand for these …
Drew Angerer | Getty Images News | Getty Images Meta has unveiled new artificial intelligence (AI) tools and celebrity-endorsed digital assistants in order to propel the development of the metaverse, according to CEO Mark Zuckerberg. Meta showcased the AI software, as well as its new Quest 3 virtual reality headset and latest Ray-Ban smart glasses, …