The valuation of Elon Musk’s SpaceX has reached nearly $150 billion as a result of a recent share sale by existing investors, according to sources familiar with the matter. An agreement has been reached between SpaceX and new and existing investors to sell up to $750 million in stock at $81 per share, as stated …
Africa’s video game market is experiencing significant growth. According to exclusive data shared with CNBC, the gaming industry in sub-Saharan Africa is projected to generate over $1 billion in revenue for the first time by 2024. This suggests a thriving market for gaming in Africa, despite the region’s economic challenges such as inflation, financial conditions, …
A DBS study conducted in May 2023 revealed that gig workers in Singapore are facing significant financial strain. These workers experience less stable income flows and have seen their savings decline year after year, reaching an “unhealthy range.” This study, which analyzed data from about 1.2 million customers, highlights the impact of high inflation and …
Emin Sansar | Anadolu Agency | Getty Images Threads, the new Twitter competitor from Meta, experienced a surge in user sign-ups, but recent data suggests a decline in growth and engagement. Sensor Tower and Similarweb reported a decrease in daily active users and usage time on the platform since its launch. Anthony Bartolacci, the managing …
The Federal Trade Commission (FTC) is currently conducting an investigation into OpenAI, the company behind ChatGPT, to determine if they have violated consumer protection laws. The Washington Post was the first to report this news and has published the FTC’s civil investigative demand, which serves as a subpoena, outlining the areas of focus for the …
A hand holding a smartphone with the Google Bard logo is seen, in front of a computer screen showing Google’s logo. Nikos Pekiaridis | Nurphoto | Getty Images Google is enhancing its chatbot Bard with new features to maintain its competitive edge in the rapidly evolving generative AI space. This move comes amidst growing competition …
Public, the American stock brokerage startup, has expanded its services to the U.K. This marks their first international expansion since its launch in 2017. The app, supported by celebrities like Will Smith and Tony Hawk, will provide U.K. users with commission-free trading of over 5,000 U.S.-listed stocks during regular trading hours. Public plans to broaden …
The Federal Trade Commission (FTC) is persisting in its efforts to halt Microsoft’s $68.7 billion acquisition of game publisher Activision Blizzard. On Wednesday, the FTC filed an appeal against a federal judge’s denial of a preliminary injunction that would have prevented the deal from closing. This development came after Judge Jacqueline Scott Corley ruled in …
Luisa Moreno, President of mining company Defense Metals Corp, anticipates further limitations on metal exports from China, including rare earths. Jakub Porzycki | Nurphoto | Getty Images China’s restrictions on gallium and germanium exports may motivate certain countries to diversify their supply chains and reduce dependence on China. Stewart Randall, a consultant at Shanghai-based firm …
A stunning long-exposure photograph captures the mesmerizing trail left by SpaceX’s Falcon Heavy rocket during the successful launch of the ViaSat-3 Americas satellite in Florida on April 30, 2023. Image source: Viasat Viasat‘s stock experienced a decline in after-hours trading on Wednesday following the announcement of a malfunction in its recently deployed communications satellite. The …