OpenAI has recently addressed Elon Musk’s allegations that the company has veered away from its original goal of developing artificial intelligence for the betterment of humanity, rather than for profit. In a blog post, OpenAI stated its intentions to dismiss all of Musk’s claims and defend its position. The startup contradicted Musk’s lawsuit, which accused
Wall Street
Tesla’s shares experienced a significant drop of over 7% following a decline in sales in China during February. The decrease in sales in one of its key markets has raised concerns about the outlook for Tesla’s global deliveries. This comes at a time when the company is facing challenges such as a decline in demand,
The demand for lithium, a key battery mineral, is set to rise due to the increasing adoption of electric vehicles. However, Rio Tinto’s CEO, Jakob Stausholm, warns of volatile prices in the market. Despite this, Rio Tinto is cautious about making large acquisitions in the lithium sector and is focused on enhancing lithium extraction technology.
As we look at the U.S. stock index futures in late-evening trading on Sunday, it is evident that the record-high rally is starting to show some signs of cooling. The S&P 500 Futures fell by 0.1% to 5,141.75 points, while Nasdaq 100 Futures remained steady at 18,340.50 points. Similarly, Dow Jones Futures saw a decrease
A U.S. judge ruled on Friday that Google, a subsidiary of Alphabet, must face a proposed class action lawsuit from advertisers alleging that it monopolizes the ad exchange market. However, U.S. District Judge Kevin Castel dismissed some other antitrust claims, specifically those focusing on ad-buying tools used by large advertisers. This decision came after Castel
Interactive Brokers Group, a leading global electronic brokerage firm, has recently announced its monthly performance metrics for February, highlighting significant increases in various key areas of its operations. The company recorded a 15% year-over-year surge in Daily Average Revenue Trades (DARTs), totaling 2.443 million. This figure also represents an 11% increase from the previous month,
Shell’s U.S. solar business, Savion, has recently announced plans to sell a quarter of its assets, signaling a significant shift in the oil major’s approach to owning renewable energy projects. This move comes as part of CEO Wael Sawan’s strategy to focus on more profitable ventures and reduce the company’s carbon footprint. According to a
The Hong Kong-listed Chinese property stocks experienced a significant decline on Wednesday, prompted by renewed concerns over a potential real estate meltdown. The situation worsened when Country Garden, one of the embattled developers, was hit with a liquidation petition. This move caused the stock to plummet by 11%, pushing it deeper into penny stock territory.
The premature end of the private U.S. moon lander Odysseus mission, just five days after touchdown, was a result of testing shortcuts and human error, according to Intuitive Machines. The company admitted to skipping a crucial test firing of the laser system in order to save time and money during pre-flight checks at NASA’s Kennedy
In recent times, the investing world has been buzzing with excitement over all things related to artificial intelligence (AI). This fervor has not only captivated the attention of investors but has also made a significant impact on the U.S. options market. Traders are flocking to derivatives bets in order to gain exposure to this red-hot