What’s Going On With Taiwan Semiconductor Stock On Wednesday?
TSMC plays crucial role as Chinese AI firms face U.S. sanctions. China's dependency on TSMC highlighted, with two firms downgrading chip designs.
What’s Happening With Chinese EV Maker Nio’s Stock On Wednesday?
Nio is set to boost its production capacity with the approval for a third factory in China, elevating its annual production capability to nearly 1 million vehicles. This expansion, aimed at competing with Tesla, addresses growing demand for Nio and its new budget brand, Onvo. The factory in Huainan will initially produce 100,000 units, scaling up to 600,000 annually.
Giga Berlin To Break On 5 Days This Month As Tesla Rolls Out Efficiency Upgrades
This is the third production halt at Giga Berlin this year.
Cult Of Tesla Crumbling: Early ‘Die-Hard’ Backers Bail As Musk’s EV Empire Faces Reality Check Amid Stock Slump
Tesla's stock has lost roughly 30% this year and 58% since its November 2021 peak.
Former Meta Engineer Accuses Company Of Bias In Handling Gaza Content, Files Lawsuit For Wrongful Termination
A former Meta engineer, Ferras Hamad, has filed a lawsuit against the company, alleging wrongful termination after attempting to fix content suppression issues related to Palestinian posts about the Gaza conflict.
Bye-Bye NYSE, Nasdaq? Wall Street Bigwigs BlackRock, Citadel Lead Charge For New ‘Apolitical,’ ‘CEO-Friendly’ Stock Exchange In Texas
The reported move comes amidst concerns over stringent regulatory requirements laid down by the NYSE and Nasdaq.
Apple’s Upcoming Back To School Promotion Reportedly Features Gift Cards For Mac Buyers
Apple is expected to launch its annual Back to School promotion for university students in the U.S. and Canada soon, offering discounts and gift cards up to $200 with Mac purchases, according to social media ads.
Microsoft To Fund Startup That Enhances AI Deployment
Touchcast Inc., a startup focused on caching generative AI queries, is set to raise $100 million from venture backers, including Microsoft Corp. The New York-based company aims to reduce computational and energy requirements for models like OpenAI's GPT-4. CEO Edo Segal expects the new funding to push Touchcast's valuation to at least $350 million.
Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike
Chip stocks, including NVDA, AMD, QCOM, ARM, and Big Tech stocks like MSFT, META, GOOGL, AAPL, and AMZN, are trading lower due to TSMC's plans to raise AI chip production prices.
National Institutes of Health Kickstarts Gilead Sponsored Trials For Twice-Yearly HIV Prevention Injection
The US National Institutes of Health has launched two clinical trials to test a new long-acting form of HIV PrEP in cisgender women and people who inject drugs. These mid-stage studies will evaluate the safety and pharmacokinetics of lenacapavir, a bi-annual injectable antiretroviral drug.