Caroline Ellison, former CEO of Alameda Research LLC, is set to face sentencing for her role in the implosion of FTX, a crypto empire. She was the star witness in the criminal case against Sam Bankman-Fried, her former boss and ex-boyfriend. Ellison is accused of lying to investors, helping to steal billions of dollars from FTX customers, and re-purposing those funds towards bets and debts at Alameda Research. She faces charges of two counts of wire fraud and two counts of conspiracy to commit wire fraud.
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FinanceFTX | Rating: 53 | 2024-09-24 10:20:35 AM |
Sovereign wealth funds from Middle Eastern countries such as Saudi Arabia, United Arab Emirates, Kuwait, and Qatar are investing heavily in Silicon Valley's artificial intelligence companies. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, with MGX, a new AI fund from The United Arab Emirates, participating in OpenAI's latest fundraise. The round is expected to value OpenAI at $150 billion.
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AISilicon | Rating: 58 | 2024-09-22 12:10:40 PM |
US Vice President Kamala Harris has agreed to a potential debate with former President Donald Trump on October 23, ahead of the November presidential election. The debate was invited by CNN. Harris spoke about abortion and reproductive rights in Georgia as she campaigns against Trump.
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PoliticsTrump | Rating: 53 | 2024-09-21 06:40:38 PM |
Elon Musk, CEO of Tesla and xAI, is building two supercomputers, Dojo and Cortex, to boost innovation and improve Tesla's driver assistance features. Dojo will be built in Buffalo, New York, for $500 million, while Cortex will be built at Tesla's headquarters in Austin, Texas. The supercomputers will process and train AI models using data captured by Tesla cars.
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AITesla | Rating: 62 | 2024-09-21 01:10:37 PM |
Intel CEO Patrick Gelsinger announced the separation of its manufacturing division from its core business of designing and selling computer processors. The company has lost over half its value this year. Qualcomm has approached Intel about a takeover, which would be one of the biggest tech deals ever. The separation and takeover talks come after Intel's worst day on the market in 50 years following a disappointing earnings report.
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BusinessIntel | Rating: 53 | 2024-09-21 12:20:44 PM |
The Securities and Exchange Commission has asked a federal judge to sanction Elon Musk if he continues to violate the court's order to appear for a deposition in a probe of his 2022 Twitter acquisition. The SEC is investigating whether Musk or anyone else working with him committed securities fraud in 2022. The court ordered Musk to appear for a deposition by the financial regulators regarding the Twitter deal in May.
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PoliticsSEC | Rating: 53 | 2024-09-20 10:50:44 PM |
Qualcomm approached Intel about a takeover in recent days, according to the Wall Street Journal. Intel shares rose 8% on the report. The deal would be one of the largest technology mergers in years, with Intel's market cap around $96 billion.
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BusinessIntel | Rating: 49 | 2024-09-20 07:40:32 PM |
Apple debuted the iPhone 16, Apple Watch Series 10, and AirPods 4 at its stores worldwide. The new iPhone features Apple Intelligence, which includes text rewriting, object removal from photos, and improved Siri. The products were available for pre-order since September 13 and will be available with software advancements starting in October. The event was held at the Fifth Avenue Apple Store in New York City.
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AIApple | Rating: 62 | 2024-09-20 12:50:31 PM |
Indian ed-tech startup Physics Wallah raised $210 million in funding, led by Hornbill Capital, and valued at $2.8 billion. The company aims to expand its business through acquisitions and offers free and paid-for courses for competitive examinations in India, with courses averaging less than $50. Physics Wallah was founded in 2020 and aims to make education accessible to more kids in poorer parts of the country.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
Ed-TechPhysicsWallah | Duplicated with: | Rating: 51 | 2024-09-20 06:50:26 AM |
Tesla and Nvidia led the Nasdaq to a 2.5% gain, its fourth-sharpest rally of 2024, after the Federal Reserve cut its benchmark interest rate for the first time since 2020. Nvidia CEO Jensen Huang presented the Nvidia Blackwell platform at an event in Taipei, Taiwan. The rate cut and reduced borrowing costs made risky bets more attractive, benefiting tech stocks.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
FinanceTesla | Rating: 54 | 2024-09-19 08:50:40 PM |
