Business

Musk’s xAI Takes Apple & OpenAI to Court Over Alleged Monopoly in AI & App Store

August 26, 2025

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Elon Musk’s AI company, xAI, has filed a lawsuit against Apple and OpenAI, accusing the two tech giants of engaging in an anticompetitive partnership that unfairly harms emerging artificial intelligence players. The case, filed in the U.S. District Court for the Northern District of Texas, claims that Apple has been suppressing competitors like xAI’s chatbot […]

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Sam Altman Calls ‘AGI’ an Outdated Buzzword — Experts Agree It’s Time for a New Conversation

India’s $18 Billion Bet on Semiconductors: Can It Build the Next Global Chip Powerhouse?

September 23, 2025

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NEW DELHI — India has set its sights on becoming a major player in the global semiconductor industry, pledging investments worth 1.6 trillion rupees ($18.2 billion) to build a full-fledged chip ecosystem. The push comes as nations worldwide race toward semiconductor self-reliance, following U.S. restrictions on advanced chip exports to China in 2022. For India, […]

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Microsoft Cuts 9,000 Jobs in Major Restructuring Push to Stay Agile

Alibaba Unveils $660 AI Glasses to Challenge Meta and Launches Its Own ChatGPT Rival

October 27, 2025

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Alibaba has officially entered the smart wearable race with the launch of its Quark AI Glasses and a new ChatGPT-style chatbot, signaling its strongest consumer-focused AI push yet. The tech giant announced that pre-orders for the Quark AI Glasses will begin on October 24 via Tmall, its flagship e-commerce platform. The initial pre-sale price is […]

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Alibaba Stock Soars 19% as Cloud Unit Growth and New AI Chip Plans Boost Investor Confidence

Norway’s $2 Trillion Wealth Fund Turns Against Elon Musk’s $1 Trillion Tesla Pay Deal

November 4, 2025

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Norway’s $2 trillion sovereign wealth fund, the world’s largest, has announced that it will vote against Elon Musk’s record-breaking $1 trillion compensation package at Tesla’s upcoming shareholder meeting, challenging the company’s leadership and Musk’s influence. The fund, officially managed by Norges Bank Investment Management (NBIM) and a major Tesla shareholder, revealed on Tuesday that it […]

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Tesla Fights $243M Autopilot Crash Verdict, Seeks Dismissal or New Trial

Tesla’s New Lawsuit Barrier Sparks Backlash from New York State Officials

July 17, 2025

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In May, Tesla revised its corporate bylaws, introducing a new rule that requires shareholders to hold at least 3% of the company’s stock—currently valued at around $30 billion—to file a derivative lawsuit for alleged breaches of fiduciary duty. This move has drawn strong opposition from officials in New York State, who are now formally urging […]

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Trump Meets Nvidia CEO After $4 Trillion Milestone Amid AI Chip Export Tensions

IBM Shares Slide as Software Revenue Falls Short Despite Strong Earnings and Cloud Growth

July 24, 2025

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IBM’s stock dropped by up to 6% in after-hours trading on Wednesday, following the release of its second-quarter earnings report. While the tech giant exceeded analysts’ expectations for both earnings and total revenue, a shortfall in software sales led to investor concern. The company reported adjusted earnings of $2.80 per share, outperforming the expected $2.64. […]

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Trump Meets Nvidia CEO After $4 Trillion Milestone Amid AI Chip Export Tensions

Bitcoin Slips to $113K as Market Uncertainty Weighs; Altcoins Face Double-Digit Losses

September 23, 2025

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NEW YORK — Bitcoin pulled back on Monday, cooling off after hitting a one-month high last week, as traders looked beyond the Federal Reserve’s latest rate cut and awaited fresh signals on the U.S. economic outlook. The world’s leading cryptocurrency slipped 2.5% to $113,000 as of 09:39 ET (13:39 GMT), retreating from last week’s peak […]

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Eric Trump Predicts $1M Bitcoin as Trump Family Expands Crypto Empire Across Asia

Meta Cracks Down on Predators with New Teen Safety Tools After 600,000+ Suspicious Accounts Flagged

July 24, 2025

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Meta unveiled a new wave of safety features on Wednesday aimed at better protecting teenagers across its platforms. These updates include stronger direct messaging safeguards to combat exploitative content and new tools to help teens identify and report suspicious users. Now, younger users will see added context about the people they’re chatting with—such as the […]

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Meta Wipes Out 10 Million Fake Facebook Profiles in Major Anti-Spam Crackdown

Abu Dhabi Unveils K2 Think: A Low-Cost AI Model to Rival OpenAI and DeepSeek

September 10, 2025

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A new player has stepped into the global AI race — and it’s coming from the United Arab Emirates. The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) announced the launch of K2 Think, a cost-efficient reasoning model designed to compete with OpenAI and DeepSeek. Unlike massive systems such as DeepSeek’s R1 (671 billion parameters) […]

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OpenAI Eyes $6 Billion Stock Sale at Massive $500 Billion Valuation

AI Revolution Is Real, Not a Bubble — Venture Capital Leader Explains Why This Boom Is Built to Last

November 4, 2025

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The debate over whether artificial intelligence is heading toward a market bubble has become one of the most discussed topics among global investors. While some experts, including billionaire investor Ray Dalio, have raised concerns about market overvaluation, others see today’s AI surge as fundamentally different from previous tech frenzies. One such optimist is Magnus Grimeland, […]

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Duo Behind $650M Global Crypto Scam Promising 300% Profits Now Facing Federal Charges