The European Union’s announcement of higher tariffs on Chinese electric vehicles has sparked a surge in the stock prices of Chinese EV makers. This move has caused a significant impact on the market dynamics, with Hong Kong’s Hang Seng index jumping 1.23% at the opening, largely driven by gains in EV stocks. Leading the rally
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Recently, Bloomberg reported that the Biden administration is considering further tightening restrictions on China’s access to chip technology critical for artificial intelligence. The focus would be on high-tech chip architecture, specifically gate all-around (GAA) technology. This new transistor architecture has the potential to enhance performance and reduce power consumption, making it a significant advancement in
The European Union is gearing up to unveil its new tariff rate plan for Chinese electric vehicles (EVs) this week. This move comes amidst growing concerns about low-priced, subsidized imports from China flooding the market. With the EU currently imposing a standard 10% duty on imported EVs, there are speculations that these fees will see
Elon Musk, known for his roles in leading Tesla and SpaceX, has recently expressed strong concerns about Apple’s partnership with OpenAI. Musk took to social media to voice his worries about the security of users’ information with this integration. He criticized Apple’s decision to collaborate with OpenAI, calling it “an unacceptable security violation” and stating
The traditional practice of HODLing in the crypto market, where investors hold onto their assets for the long term regardless of market fluctuations, is facing a potential decline. With the increasing adoption of Exchange Traded Funds (ETFs) that track the price of bitcoin, more traditional investors are entering the market, bringing with them the practice
Boeing’s Starliner is a human-grade space capsule that was designed to transport astronauts to and from the International Space Station. The capsule was part of NASA’s Commercial Crew Program, which aimed to collaborate with private companies to achieve space travel capabilities. Boeing signed a $4.2 billion contract with NASA in 2014 to develop the Starliner,
Microsoft recently announced a new artificial intelligence feature called Recall on their Copilot+ PCs, which captures screenshots and enables searching of user activity. However, security researchers have raised concerns about potential vulnerabilities that could allow attackers to access sensitive user data. In response to these findings, Microsoft has decided to make the Recall feature off
Ramp, a leading expense management company valued at $7.65 billion, is making waves in the industry by venturing into the realm of business travel. Through a strategic partnership with Priceline, a subsidiary of Booking Holdings, Ramp has introduced a new product called Ramp Travel. This innovative solution leverages AI and automation to streamline the booking
Nvidia shares soared by 5% to an impressive $1,224.40, propelling the company’s market cap above the monumental $3 trillion mark for the very first time. This achievement showcases the insatiable appetite of investors to secure a stake in the company at the forefront of the generative artificial intelligence boom. Surpassing Apple, Nvidia now holds the
Nvidia made headlines on Wednesday as it briefly surpassed Apple in market capitalization during intraday trading. This shift in market cap came as Nvidia solidified its position as the primary beneficiary of the artificial intelligence boom. With a market cap of $3.007 trillion at one point, Nvidia’s shares have risen over 24% since the company