The rate of economic growth in the United States has decreased to 1.6%, while inflation rates have remained stable The U.S. economy continued to grow in the first quarter, albeit at a slower pace, which disappointed investors who were hoping for a cut in interest rates by the Federal Reserve in the coming months. According … Read more
Meta’s stock experienced a significant drop of 15% due to their ‘aggressive’ plans to invest in AI technology Meta’s stock fell by 15% due to its “aggressive” plans to invest in artificial intelligence, which raised concerns among investors. When the Nasdaq opened, the stock dropped to $421.40, resulting in a decrease in market value of … Read more
Tesla’s shares surged by 13% following Musk’s announcement that the company plans to begin production of a new, affordable electric vehicle by early 2025 Tesla reported its largest decline in first-quarter revenue since 2012, with a 9% drop, missing analysts’ estimates. The decline can be attributed to ongoing price cuts. However, after CEO Elon Musk … Read more
Google Photos is extending access to its AI-driven photo editing tools to all users. Google has announced that Magic Eraser, Photo Unblur, and Portrait Light can now be used by Google Photos users, including those without a Google Pixel 8 or a Google One subscription. By 2024, on-device AI is expected to be widely used. … Read more
Mega Millions has announced a winner of $1.13 billion. Lottery officials have confirmed that a single ticket, which won the jackpot, was sold in Monmouth County, New Jersey, as reported. The Garden State recently experienced an increase in its greenery as an individual emerged victorious in the $1 billion Mega Millions jackpot on Tuesday. Officials … Read more
Monday morning saw Alphabet‘s shares rise by over 7% following reports that Apple is considering using Gemini for future iPhones. Additionally, Apple’s shares increased by more than 2%. Monday morning saw a more than 7% increase in Alphabet’s shares following reports of active negotiations between Alphabet and Apple regarding the use of Gemini for iPhone … Read more
Elon Musk Sues OpenAI and Sam Altman, Alleging Abandonment of Founding Mission. Elon Musk has initiated legal action against OpenAI and its Chief Executive, Sam Altman, alleging that they have prioritized profits over the advancement of humanity, thereby breaching the original agreement of the artificial-intelligence company. This lawsuit, filed in a San Francisco court on … Read more
Bitcoin Price Surges to $62,500, Up Nearly 50% in 2024. Bitcoin experienced a significant surge on Thursday, surpassing the $62,500 mark. This increase can be attributed to heightened institutional involvement and speculation surrounding the upcoming halving event scheduled for April. The leading cryptocurrency reached a new two-year high on Wednesday before undergoing a rapid reversal. … Read more
Bitcoin has surpassed the $57,000 benchmark, leading a rally in the cryptocurrency market. This surge marks a notable increase in Bitcoin’s value and has triggered positive momentum across various digital assets. Bitcoin reached a significant milestone on Tuesday, surpassing $57,000 for the first time in over two years. This surge was driven by substantial investor … Read more
The S&P 500 closed lower, marking the commencement of a crucial earnings week in the stock market on February 20, 2024. The Nasdaq Composite fell by 0.9% and the S&P 500 by 0.6%, while the market’s volatility index, also referred to as the “fear gauge,” rose. The technology giant Nvidia is set to announce its … Read more