On Wednesday, Apple CEO Tim Cook announced a significant financial commitment to artificial intelligence, marking a noteworthy indication of the tech giant’s embrace of the prevailing generative AI trend. Speaking at Apple’s virtual annual shareholder meeting, Cook expressed the company’s recognition of the remarkable breakthrough potential within generative AI, explaining ...
Read More »Crypto Venture Funding Surges Following Bitcoin’s Remarkable Performance, Marking First Increase in Nearly Two Years
The year 2023 witnessed a significant resurgence in the crypto industry, and now, venture investors are re-entering the scene. According to PitchBook’s report on Thursday, venture funding for companies associated with crypto reached $1.9 billion in the fourth quarter of 2023, indicating a 2.5% increase from the previous quarter. This ...
Read More »Saudi Arabia Inaugurates Its First Liquor Store, Exclusively Available to a Limited Audience
According to two sources reported by CNBC, Saudi Arabia has launched its inaugural alcohol store within the diplomatic quarter of Riyadh, the capital city. While the Saudi government has not officially confirmed this development, the news signifies a significant milestone in the highly conservative Muslim theocracy, where the prohibition of ...
Read More »Biden Administration Allocates $162 Million to Enhance Computer Chip Production Facilities in Colorado and Oregon
Microchip Technology is set to receive $162 million from the Biden administration as part of efforts to bolster domestic computer chip production, marking the second funding announcement aligned with a 2022 law aimed at revitalizing U.S. semiconductor manufacturing. The financial incentives comprise $90 million earmarked for enhancing a facility in ...
Read More »Bitcoin Surpasses $45,000, Marking Its First Time Since April 2022 as Cryptocurrency Surges to Start the New Year
Commencing the year 2024 with a robust surge, Bitcoin surpassed the $45,000 mark for the first time since April 2022. This notable increase was attributed to escalating geopolitical tensions in the Red Sea and growing optimism surrounding the potential approval of a Bitcoin exchange-traded fund. According to Coin Metrics, the ...
Read More »Tragic Collision at Tokyo Airport Claims Five Lives; All Passengers Safely Evacuate Japan Airlines Flight
On Tuesday, a Japan Airlines flight, carrying numerous passengers, ignited on a runway at Tokyo’s Haneda airport following a collision with a Japan Coast Guard aircraft. According to Tokyo police, Japanese national broadcaster NHK reported that five out of the six crew members aboard the Coast Guard aircraft have tragically ...
Read More »Amazon Prevails in $270 Million Tax Dispute with the European Union
On Thursday, Europe’s highest court ruled in favor of Amazon in a case where the European Commission had accused the U.S. e-commerce giant of receiving unlawful tax advantages. The European Court of Justice (ECJ) stated that the Commission, representing the EU’s executive branch, had failed to demonstrate that the tax ...
Read More »Controversy Surrounds Edited Gemini AI Demo Video by Google
Google is currently under scrutiny for the demonstration video accompanying the launch of its latest artificial intelligence model, Gemini. In a move that coincided with the approach of the year’s end, Google introduced Gemini, touting it as their most extensive and advanced AI model to date. The demonstration video, shared ...
Read More »Pentagon Confirms Houthi Drone Encounters with U.S. Warship and Commercial Vessels in the Red Sea
On Sunday, the Pentagon announced that a U.S. naval ship successfully intercepted and destroyed multiple Houthi drones in the Red Sea following attacks on commercial vessels. This development coincided with a statement from Yemen’s Houthi rebel group, claiming responsibility for targeting two Israeli ships in the same region. The Pentagon ...
Read More »New Zealand Dollar Surges 1% Following Central Bank’s Decision to Maintain Rates
The New Zealand dollar experienced a 1% surge, reaching close to 0.62 against the U.S. dollar following the announcement by the Reserve Bank of New Zealand to maintain its official cash rate at 5.5%. The central bank issued a warning about the potential for further rate increases as a measure ...
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