China is encouraging its tech giants to opt for locally-produced AI chips instead of those from Nvidia, as per a report by The Information. This move aims to reduce reliance on foreign-made chips and boost the domestic chip industry. Chinese Tech Giants Directed to Prioritize Local AI Chips Major companies like Alibaba, Baidu, ByteDance (parent company of TikTok), and Tencent have been advised … [Read more...]

Elon Musk's strategic maneuvers seem to be aligning with Argentina's libertarian president, Javier Milei, in a bid to secure vital lithium supplies, a key component for electric vehicle (EV) batteries. The Significance of Argentina's Lithium Reserves Argentina boasts the world's second-largest lithium reserves, making it a crucial player in the EV market due to its abundant metal … [Read more...]

Two sisters took legal action against their insurer after receiving a mere $5,000 offer to repair their flooded home following a storm. The outcome? A substantial $18 million victory. Legal Battle and Award Following extensive flood damage to their residence during a February 2019 rainstorm, the sisters, Jennifer Garnier and Angela Toft, filed a claim with American Reliable, their insurance … [Read more...]

Alphabet, the parent company of Google, shattered expectations in the first quarter of 2024, leading to a surge in stock prices. Key revenue drivers such as Google Search, YouTube, Google Cloud, and cutting-edge AI technologies like Gemini demonstrated robust performance. This success story follows a challenging 2023 marked by significant workforce reductions. Alphabet's Quarterly Earnings … [Read more...]

Lucid CEO Peter Rawlinson believes that Chinese automakers are still playing catch-up with Elon Musk's Tesla when it comes to EV technology. Despite the rapid growth of companies like BYD in China, Rawlinson warns that Chinese firms are still years behind in certain aspects. Chinese EV Makers Making Strides, But Not Quite There Yet Rawlinson acknowledged the progress made by Chinese EV … [Read more...]

Equinox, the luxury health club chain, has introduced a new membership program focused on longevity, priced at $40,000 per year. While the program promises to help clients live a healthy life for 100 years, experts suggest that achieving similar benefits can be done without breaking the bank. What Does the $40,000 Equinox Longevity Program Include? The "Optimize by Equinox" program, … [Read more...]

The Federal Deposit Insurance Corporation, known as the FDIC, has come under scrutiny for its alleged 'boys club' culture where senior executives reportedly engaged in romantic relationships with their staff members. An independent report has shed light on the organization's patriarchal atmosphere and its handling of harassment complaints. Issues Highlighted in the Report The 234-page … [Read more...]

The deadline looms for ByteDance to offload its US TikTok operations, as President Joe Biden's recent bill mandates a sale or risk the app's ban in the country. In this uncertain landscape, creators are exploring Clapper as a potential alternative to TikTok. Clapper: A Contender or a Pretender? Clapper, a video platform akin to TikTok, targets millennials and Gen X users. Founder Edison … [Read more...]

Former Twitter CEO Jack Dorsey has been making headlines recently with his surprising announcement regarding his departure from the Bluesky board. Let's delve into the details and explore what might have led to this decision. Jack Dorsey's Recent Activities Over the weekend, Jack Dorsey was actively engaging on social media, sharing his thoughts and updates. Amidst a posting spree, he … [Read more...]

Elon Musk and Jeff Bezos were spotted socializing with celebrities in Miami over the weekend during the highly anticipated F1 Grand Prix event. The Miami Grand Prix The Miami Grand Prix, a prestigious Formula 1 event, unfolded this past weekend, attracting a plethora of attendees and creating a buzz in the city. High-profile Attendees Billionaires such as Jeff Bezos and Elon Musk were among … [Read more...]