Technology

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

China’s Momenta Eyes $6 Billion Valuation in New Funding Round as Global Automakers Line Up

September 29, 2025

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Momenta, a leading Chinese autonomous driving technology startup, is in talks to raise fresh capital at a potential valuation of around $6 billion, according to people familiar with the matter. The figure could still shift as the funding process moves forward, sources noted. The Beijing-based company specializes in developing advanced software and algorithms that enable […]

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How Huawei Rose from Telecom Player to China’s AI Powerhouse

Amazon Cut-off More AWS Jobs Amid Push to Reshape Workforce for AI Era

July 21, 2025

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Amazon has confirmed another round of job cuts, this time affecting roles within its cloud computing arm, Amazon Web Services (AWS). “In light of a careful evaluation of our organizational priorities and strategic focus areas, we’ve made the tough decision to eliminate certain roles across select AWS teams,” a company spokesperson said. “We recognize the […]

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

Senate Democrats Urge Trump to Halt AI Chip Sales Deal With China

August 18, 2025

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A group of six Senate Democrats has called on President Donald Trump to reverse his decision allowing U.S. chipmakers Nvidia and Advanced Micro Devices (AMD) to sell advanced AI semiconductors to China in exchange for 15% of revenue from those sales. The lawmakers — including Chuck Schumer, Mark Warner, Jack Reed, Jeanne Shaheen, Christopher Coons, […]

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Trump Signals Openness to Nvidia Selling a ‘Weakened’ Blackwell AI Chip to China

Nasdaq Backs Winklevoss Twins’ Gemini with $50M Investment Ahead of IPO

September 10, 2025

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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has secured a major boost from Nasdaq just days before its highly anticipated initial public offering. The global stock exchange operator is investing $50 million in Gemini as part of a strategic partnership that will enable Nasdaq to integrate the exchange’s custodial services for its […]

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Bitcoin Soars as Trump Greenlights Crypto Access in 401(k) Retirement Plans

EA to Go Private in Record $55 Billion Deal, Shareholders to Receive $210 Per Share

September 29, 2025

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Electronic Arts (EA) announced Monday that it will be taken private in a massive $55 billion all-cash acquisition led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners. Under the agreement, EA shareholders will receive $210 per share in cash, marking one of the largest leveraged buyouts in Wall Street history. The […]

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Samsung Warns of 56% Profit Drop as AI Chip Race Leaves Tech Giant Lagging

Citi Sets Sights on 2026 for Crypto Custody Launch as Wall Street Accelerates Digital Asset Push

October 14, 2025

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Citigroup is preparing to roll out its long-awaited crypto custody service by 2026, marking another step in Wall Street’s expanding embrace of digital assets. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the bank has been working on the custody solution for over two years and is now moving closer to market […]

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

Amazon to Inject £40 Billion into UK Economy Over the Next Three Years

June 27, 2025

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What Amazon is Investing In New Fulfilment & Delivery Infrastructure– Construction of four new fulfilment centres in Hull, Northampton, East Midlands, and one more (opening between 2025–2027), estimated to add ~2,000 permanent jobs at both Hull and Northampton.– Expansion and upgrades to over 100 existing logistics buildings and delivery stations nationwide. Cloud & AI Infrastructure– […]

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Amazon Merges Freevee Into Prime Video, Ending Standalone App in August

Super Micro Plans Major Expansion in Europe to Meet Soaring AI Server Demand

July 9, 2025

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Super Micro is set to boost its presence in Europe by expanding the manufacturing of its AI server infrastructure, according to CEO Charles Liang. The company, known for building high-performance servers powered by Nvidia chips, currently operates facilities in the Netherlands but is now looking to grow further across the region. “Demand in Europe is […]

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

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

August 12, 2025

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OpenAI CEO Sam Altman believes the term “artificial general intelligence” (AGI) is losing its value as the AI industry evolves at an unprecedented pace, making it increasingly difficult to define. AGI is often described as an AI system capable of performing any intellectual task that a human can do. For years, OpenAI has aimed to […]

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Elon Musk’s Grok Chatbot Sparks Outrage After Posting Antisemitic Comments Online