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Tesla and SpaceX CEO Elon Musk takes his seat at the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Saul Loeb | AFP | Getty Images Tesla reported earnings and revenue for the fourth quarter that missed analysts’…
TrumpCoin cryptocurrency price on Binance website is displayed for illustration photo. Krakow, Poland on Januar 20th, 2025 (Photo by Beata Zawrzel/NurPhoto via Getty Images) Beata Zawrzel | Nurphoto | Getty Images Meme coins plummeted over the weekend as President Donald Trump signed long threatened tariffs on Mexico, Canada and China, kicking off a trade war…
This week’s news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market. Leon Neal | Getty Images News | Getty Images Plenty of Americans are discovering the AI search powers of DeepSeek,…
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue. The shares rose as much as 10% in extended trading before giving up…
Meta continues to lose billions of dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse. The social media giant reported fourth-quarter earnings Wednesday and said its Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales. Analysts were projecting that unit to…
Orbex is a startup that develops both small and medium-sized space rockets. The firm uses a renewable form of propane known as bio-propane to fuel its rockets. Michal Wachucik | AFP via Getty Images The U.K. government announced Wednesday a £20 million ($24.8 million) investment in Orbex, a Scottish spaceflight startup aiming to rival Elon…
U.S. President-elect Donald Trump and Bitcoin. Cryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs. The price of bitcoin was last lower by 7% at $93,768.66, according to Coin Metrics. The CoinDesk 20 index, which measures the largest 20 digital assets by market cap,…
President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu and Shein. Trump on Saturday signed executive orders imposing tariffs on the country’s top three trading partners. Goods imported from Canada and Mexico will be slapped with a 25%…
Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million) in the full year ending June 30, 2024. That was a 55% improvement…
The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act. The European Union formally kicked off enforcement of its landmark artificial intelligence law Sunday, paving the way for tough restrictions and potential large fines for violations. The EU AI Act, a first-of-its-kind regulatory…
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