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NVIDIA’s New AI Model Challenges OpenAI’s $157B Valuation Amid Rising Industry Competition

Oct 04, 2024 21:15 pm UTC| Technology

NVIDIAs release of its open-source AI model, NVLM-D 1.0, has sparked fresh debate over OpenAIs soaring $157 billion valuation. With near-parity performance to OpenAIs GPT-4o and increased inference capability, NVIDIA is...

Waymo Taps Hyundai’s IONIQ 5 for Robotaxi Fleet Ahead of Tesla's Autonomous Ride-Hailing Reveal

Oct 04, 2024 12:24 pm UTC| Technology Business

Waymo has partnered with Hyundai to integrate IONIQ 5 electric vehicles into its robotaxi fleet, with on-road testing set to begin by 2025. The announcement comes days before Teslas expected reveal of its own robotaxi...

Nintendo Switch 2 Leaker Shakes Up Rumors – 2024 Announcement Still Happening!

Oct 04, 2024 12:08 pm UTC| Technology Business

A trusted Nintendo insider has shaken up the rumor mill by confirming that the Switch 2 is still on track to be revealed in 2024. Fans who feared a delay can now expect the announcement to come before the years...

Cybertruck Non-Foundation Pre-Orders Open at $79,990—Tesla Drops Foundation Series Exclusivity

Oct 04, 2024 11:28 am UTC| Technology Business

Tesla has started accepting pre-orders for its Cybertruck Non-Foundation model, offering the all-electric pickup truck at a starting price of $79,990 without the additional features of the Foundation Series. This move...

Digital Currency Revolution

Ethereum's History Hints at Massive 50% Price Correction—Analysts Sound the Alarm

Oct 04, 2024 11:11 am UTC| Digital Currency Technology Business

Facing significant selling pressure, Ethereum (ETH) has lost over $50 billion in market cap this week. Historical data indicates a possible 50% price correction, leading analysts like Benjamin Cowen to predict a drop to...

Is big tech harming society? To find out, we need research – but it’s being manipulated by big tech itself

Oct 04, 2024 10:25 am UTC| Insights & Views Technology

For almost a decade, researchers have been gathering evidence that the social media platform Facebook disproportionately amplifies low-quality content and misinformation. So it was something of a surprise when in 2023...

Digital Currency Revolution

'Uptober' Crumbles into 'Selltober': $200 Billion Crypto Crash Wrecks October Bull Run

Oct 04, 2024 10:22 am UTC| Digital Currency Technology Business

Octobers bullish sentiment quickly eroded, as Uptober has been crushed by a $200 billion market crash, pushing traders into Selltober panic mode. Uptober Hype Turns into Selltober Panic As markets keep falling, the...

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Economy

Asian Stocks Slide as U.S.-Iran Fighting Lifts Oil Prices

Asian stock markets fell on Monday as renewed U.S.-Iran fighting heightened geopolitical risks, pushed oil prices higher and added to inflation concerns at a time when investors are increasingly pricing in another Federal...

Gold Prices Rebound as Fed Rate Hike Bets Rise

Gold prices edged higher on Monday, recovering slightly after a sharp selloff in the previous session as investors reassessed the Federal Reserves interest rate outlook following Chair Kevin Warshs hawkish comments on...

Ukraine Seeks Early EU Funds to Cover $27B Defence Gap

Ukraines new Defence Minister Yevhenii Khmara has pledged to give Kyivs international partners a clear strategy for fighting Russia as the government seeks additional financing to address a $27 billion military budget...

Canada Backs €100B Global Defence Bank as G7 Support Lags

Canadian Prime Minister Mark Carney is backing plans for a new global defence bank designed to accelerate military investment, although several major economies have yet to join ahead of a planned charter signing this...

US Stock Futures Fall as Iran Strikes, Fed Rate Fears Rise

U.S. stock futures moved lower Sunday evening as renewed military tensions between the United States and Iran pushed oil prices higher, while investors remained concerned about the Federal Reserves increasingly hawkish...

Politics

Nepal Seeks More China Glacier Data After Deadly Himalayan Flood

Nepal is pushing for stronger disaster data-sharing with China after a catastrophic Himalayan glacier collapse triggered floods and mudslides that killed nearly 800 people across both countries and left more than 3,000...

Iran Targets U.S. Forces in Jordan as Missiles Intercepted

Iran launched missile attacks targeting U.S. forces stationed in Jordan on Sunday, marking a fresh escalation in tensions between Washington and Tehran as military exchanges resumed across the region. Fox News reporter...

Iran’s Khamenei Urges Muslim, Gulf Unity Against ‘Real Enemy’

Irans Supreme Leader Mojtaba Khamenei has called on Muslim countries, particularly Gulf Arab states, to strengthen unity and confront what he described as their real enemy, arguing that divisions across the Islamic world...

U.S. Strikes Iranian Launchers on Larak Island

U.S. forces struck two Iranian launchers on Larak Island after detecting preparations by Irans Islamic Revolutionary Guard Corps (IRGC) to deploy sea mines into the Strait of Hormuz, Reuters reported, citing a U.S....

Ukraine Eyes US Investment for New Defence Tech Fund

Ukraines former defence minister Mykhailo Fedorov is seeking investment from the United States for a proposed defence technology fund focused on developing next-generation weapons systems, according to a Financial Times...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Faraday Future Delivers First Robots in Middle East, Plans September Launches

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has completed its first robotics sale and delivery in the Middle East, marking an early milestone in the electric vehicle and AI technology companys regional...

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....

Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns

Nvidia has temporarily halted some deals tied to a recently introduced financing program for artificial intelligence cloud companies, amid internal concerns that the arrangement could attract greater antitrust scrutiny,...

Google Changes EU Spam Policy Amid Antitrust Scrutiny

Google has revised its spam policy in Europe after concerns from European Union regulators raised the possibility of a significant antitrust fine for Alphabet, the search giants parent company. The company said Friday that...