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Sam Altman Signals Profit-Driven Future for OpenAI as Nonprofit Structure Faces Overhaul

Sep 15, 2024 21:02 pm UTC| Technology Business

OpenAI CEO Sam Altman announced a major corporate restructure, with the company expected to abandon its nonprofit status and shift toward a profit-driven model by next year. The change reflects increasing investor demand...

Digital Currency Revolution

$103 Million Bitcoin Whale Withdrawal Sends Shockwaves Through Market as Fed Decision Looms

Sep 15, 2024 20:24 pm UTC| Digital Currency Technology Business

A mysterious Bitcoin whale moved $103 million from BitGo, triggering widespread market speculation. The massive transfer coincides with the Federal Reserves upcoming interest rate announcement, adding fuel to bullish...

Digital Currency Revolution

Shiba Inu Whales Spark 74% Outflow Surge, Shift 1.62 Trillion SHIB Overnight

Sep 15, 2024 18:45 pm UTC| Digital Currency Technology Business

In a dramatic overnight shift, Shiba Inu whales transferred 1.62 trillion SHIB, causing whale outflows to surge by 74% and netflow to drop by 200 billion tokens. The increase in token removal casts uncertainty on SHIBs...

Digital Currency Revolution

XRP Whale Transfers 20 Million Coins From South Korean Exchange, Stirs Bullish Speculation

Sep 15, 2024 18:24 pm UTC| Digital Currency Technology Business

A whale moved 20 million XRP, valued at $11.7 million, from South Koreas top crypto exchange to a private wallet, sparking market discussions on potential price trends. XRP Whale Makes 20 Million Token...

Digital Currency Revolution

Crypto and Commodities Set for Major Surge as Global Liquidity Expands, Analysts Predict

Sep 15, 2024 18:09 pm UTC| Digital Currency Technology Business

Cryptocurrency and commodities markets are poised for a substantial rally, according to prominent analysts. Experts cite undervalued assets and a forthcoming increase in global liquidity as key drivers that could trigger...

Accidental Leak? Apple’s Store App Suggests MacBook Pro with Face ID Might Be on the Way

Sep 15, 2024 16:46 pm UTC| Technology Business

Apples Store app sparked speculation by displaying a Face ID icon on a MacBook Pro, leading to theories of an accidental leak. While Apple has previously tested Face ID for MacBooks, its unknown if this indicates a...

GM Partners with Hyundai to Boost EV Development Amid Growing Competition from China

Sep 15, 2024 16:44 pm UTC| Business Life

General Motors has formed a strategic partnership with Hyundai Motors to enhance electric vehicle development and battery material procurement. This alliance marks GMs shift from its previous collaboration with Honda, as...

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Economy

Asian Currencies Slip as Dollar Stabilizes Ahead of U.S. CPI Data

Asian currencies edged lower on Friday as the U.S. dollar steadied, with traders closely monitoring upcoming U.S. consumer price index (CPI) data for signals on the Federal Reserves interest rate outlook. Despite the daily...

Oil Prices Steady but Head for Weekly Loss as Supply Glut Concerns Weigh

Oil prices were mostly steady during Asian trading on Friday, yet both benchmark crude contracts remained on track for weekly losses after a sharp selloff in the previous session. Brent crude futures for April delivery...

Fed Governor Stephen Miran Warns Tight Monetary Policy Threatens U.S. Economic Growth

Federal Reserve Governor Stephen Miran cautioned that the central banks current monetary policy stance could pose a significant risk to U.S. economic growth. Speaking at a Dallas Fed event on Thursday, Miran argued that...

Japan, U.S. Speed Up Talks on $550 Billion Investment Deal Amid Tariff Pressure

Japan and the United States have agreed to accelerate negotiations on the first round of projects under Tokyos $550 billion investment package, as both sides work to resolve outstanding issues. Japanese Trade Minister...

Yen Surges After Takaichi Election Win as Markets Eye U.S. Inflation Data

The Japanese yen is on track for its strongest weekly performance in nearly 15 months after Prime Minister Sanae Takaichis historic election victory eased investor concerns about Japans fiscal stability. The currency has...

Politics

Starmer Proposes Joint Defense Procurement Plan to Cut UK and NATO Rearmament Costs

British Prime Minister Keir Starmer is set to unveil a new joint defense procurement initiative aimed at reducing rearmament costs through coordinated weapons purchasing among Western allies. According to a Financial Times...

Munich Security Conference 2026: Transatlantic Tensions, Ukraine War and Europe’s Strategic Shift

One year after U.S. Vice President JD Vance sharply criticized European allies at the Munich Security Conference, transatlantic relations remain under intense strain. As global leaders gather again in Munich, Washingtons...

US Lawmakers Urge Taiwan to Boost Defence Spending Amid Rising China Threat

A bipartisan group of 37 U.S. lawmakers has urged senior Taiwanese political leaders to move forward with a stalled defence spending proposal, warning that the threat from China is intensifying. In a letter addressed to...

Federal Judge Blocks Trump Administration’s $600 Million Public Health Funding Cuts to Democratic-Led States

A federal judge in Chicago has temporarily blocked the Trump administration from moving forward with $600 million in proposed public health funding cuts affecting four Democratic-led states. The ruling marks the latest...

U.S.–Taiwan Trade Agreement Sets 15% Tariff, Boosts Energy and Semiconductor Investment

The United States and Taiwan have finalized a reciprocal trade agreement that sets a 15% U.S. tariff rate on imports from Taiwan while paving the way for lower Taiwanese tariffs on nearly all American goods. The deal,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

GE Aerospace Expands Singapore Engine Repair Hub with Automation and AI to Tackle Aviation Bottlenecks

GE Aerospace is accelerating automation and AI-driven innovation at its Singapore engine repair hub as global airlines grapple with maintenance delays, parts shortages, and extended turnaround times. At the center of this...

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...