Mercedes-Benz, Starbucks to Add Fast-Charging Stations in US
On Wednesday, Mercedes-Benz announced a partnership with Starbucks to install fast-charging stations at over 100 US sites According to…
Google-Backed GitLab, Explores Sale
After receiving purchase offers, GitLab, a U.S. cloud-based software development tool company backed by Alphabet, is considering a sale,…
Musk to Move SpaceX, X HQs to Texas Over California Law Frustration
On Tuesday, Elon Musk said that X and SpaceX will move their headquarters from California to Texas, citing a new gender-identity law as the…
Musk Delays Robotaxi Unveiling for Design Change
Elon Musk said Monday that Tesla would take longer to launch its robotaxi so it could make a major design update to the front and “show…
Russia’s Kaspersky Labs to Exit U.S. Market
On Monday, over a month after the Biden administration banned US sales of Kaspersky Labs, the Russian anti-virus software firm announced it…
28 U.S. AI Startups Raise $100M+ in 2024
In the first half of 2024 alone, more than $35.5 billion was invested into AI startups globally, with recent Crunchbase data finding that five…
Stripe Investor Sequoia Confirms $70B Valuation
Sequoia Capital, Stripe’s primary investor, is employing unconventional strategies to provide returns to its limited partners due to the…
Google in Talks to Buy Cyber Startup Wiz for $23B
Google is in advanced negotiations to purchase cybersecurity company Wiz for $23 billion, potentially marking its largest acquisition to date,…
Apple Rises After Morgan Stanley Names Stock ‘Top Pick’ for AI
Apple’s shares gained 2% on Monday after Morgan Stanley boosted its price target and named it a “top pick,” citing…
UK Court Dismisses Tesla’s 5G Patent Lawsuit
On Monday, U.S. technology firm InterDigital and a patent licensing platform won their bid to dismiss Tesla’s London lawsuit seeking a…
TSMC Q2 Profit to Jump 30% on AI Chip Demand
Taiwan Semiconductor Manufacturing Co., the leading maker of AI chips, is likely to publish a 30% second-quarter profit increase on Thursday…
Smartphone Market Grows 6.5% in Q2, Led by Samsung, Apple
Samsung Electronics and Apple drove 6.5% growth in global smartphone shipments in the second quarter, provisional IDC data showed on Monday…
Nvidia Investors Face Stock Portfolio Dilemma
Large positions in artificial intelligence darling Nvidia have increased portfolio managers’ gains this year, but if the…
Polish Watchdog Fines PayPal $27.3M for Ambiguous Clauses
On Monday, UOKiK announced that PayPal Europe was penalized 106.6 million zlotys ($27.3 million) by Poland’s antitrust and consumer…
Alphabet in Talks to Buy Wiz for $23B
Alphabet is in early talks to acquire cybersecurity startup Wiz for $23 billion, a source claimed Sunday. It would be the tech giant’s…
Global EV Sales Rise 13% in June, Fall 7% in Europe
According to Rho Motion, global sales of fully electric and plug-in hybrid vehicles grew 13% in June compared to 2023, driven by China, while…
SoftBank Buys British AI Chipmaker Graphcore
SoftBank Group of Japan bought Graphcore for an unknown amount, settling long-term speculation about its future Graphcore, a British company,…
TCS Shares Surge on Q1 Results
After India’s leading IT services provider reported first-quarter earnings that showed early hints of resurgence for a sector struggling…
U.S. House Pushes DOJ Defense in TikTok Crackdown
On Thursday, a U.S. House committee released a transcript of a March closed-door meeting on TikTok’s threats to the Justice Department…
China’s E-Commerce Price War Leaves Sellers Struggling
Chinese e-commerce sellers are struggling as sales growth slows, pricing pressure intensifies, and shopping platforms compete with more…