Informing The Best Since 2010
Reading Time : 2 minutes Excerpt: Tenstorrent has raised $693 million in a Series D funding round led by Jeff Bezos’ Bezos Expeditions and Samsung Securities, valuing the startup at $2.6 billion. This investment highlights growing interest in alternatives to Nvidia’s dominance in the AI chip market, as Tenstorrent focuses on open-source technology and RISC-V architecture.
Reading Time : 2 minutesMeta is launching an ambitious subsea cable network, codenamed “W,” spanning 40,000 kilometers to enhance global connectivity. This project will reduce reliance on third-party networks, improve data transmission security, and support the company’s platforms. With an estimated cost of $10 billion, the initiative aims to reshape digital infrastructure and strengthen Meta’s competitive edge in the tech landscape.
Reading Time : 2 minutesThis holiday season, generative AI is revolutionizing online shopping. With tools like ChatGPT and Perplexity AI, finding the perfect gift has never been easier. From personalized recommendations to seamless mobile browsing, AI-powered assistants are taking the stress out of holiday deals. Dive into how technology is reshaping gift shopping and making it smarter than ever.
Reading Time : 3 minutesThe UAE’s craft beer scene is blossoming, with Abu Dhabi leading the way through the opening of Craft by Side Hustle, the country’s first commercial brewery. This innovative venue showcases a variety of beer styles and reflects a cultural shift towards embracing craft brewing. As regulations relax, both locals and tourists are discovering the joys of unique, artisanal brews.
Reading Time : 2 minutesGoldman Sachs is set to spin out its digital assets platform into a standalone company, aiming to enhance blockchain-based financial transactions for large institutions. Led by Mathew McDermott, the initiative seeks to foster collaboration among financial firms and streamline the creation and trading of digital assets, marking a significant step in integrating blockchain technology into mainstream finance.
Reading Time : 3 minutesAmazon’s recent $4 billion investment in Anthropic marks a significant step in the AI race, positioning the company as a key player alongside competitors like Microsoft and Google. This partnership enhances Amazon Web Services’ capabilities by integrating Anthropic’s Claude AI models, paving the way for innovative applications across various industries and driving future growth in the rapidly evolving AI market.
Reading Time : 2 minutesElon Musk’s X faces turmoil as users flee post-election, while advertisers eye a comeback. Over 115,000 users left in one day, many joining Bluesky. Brands may return to leverage political ties under the new administration. With ad revenue down 68%, X urgently needs to regain footing amid shifting dynamics.
Reading Time : 3 minutesWalmart’s strong Q3 results have led to an optimistic outlook, with revenue hitting $169.59 billion and adjusted earnings per share at $0.58. The company has raised its fiscal year guidance, projecting net sales growth of 4.8% to 5.1%. The market responded positively, with shares climbing over 4% in premarket trading, reflecting investor confidence in Walmart’s strategies.
Reading Time : 3 minutesAI’s workplace role: productivity soars for users, yet trust lags. While AI enhances efficiency and innovation, skepticism about its reliability persists. Companies need to invest in education to bridge this gap, ensuring AI complements human skills, fostering an innovative work culture.
Reading Time : 2 minutesTech giants Meta, Microsoft, and Alphabet are undeterred by Wall Street’s concerns, continuing to heavily invest in AI infrastructure. This relentless focus on long-term AI gains, from data centers to new features, reflects their commitment to future-proofing operations while promising a steady payoff in time, even as investors grow impatient with near-term spending.
Reading Time : 3 minutesThe establishment of semiconductor megafabs in the U.S. by companies like TSMC and Micron raises significant geopolitical questions for Taiwan. As the U.S. seeks to diversify its chip production away from Taiwan amid rising tensions with China, Taiwan’s dominant position in the global semiconductor market may be challenged, potentially diminishing its influence and economic leverage on the world stage.
Reading Time : 2 minutesChina Airlines is preparing a significant order for up to 20 new long-haul jets, split between Boeing and Airbus. This move aligns with Taiwan’s commitment to modernize its fleet and strengthens ties with the U.S. amid regional tensions. The decision reflects how Taiwan’s aviation procurement is influenced by both operational goals and geopolitical considerations.
Reading Time : 3 minutesTaiwanese companies are increasingly relocating their operations from China to the United States, driven by geopolitical tensions and a growing demand for “Made in the USA” products. This strategic shift allows firms to enhance their branding while diversifying investments. With government support and a focus on stability, Taiwanese businesses are positioning themselves for success in the evolving global market.
Reading Time : 3 minutesTGI Fridays, once the ultimate singles bar turned family-friendly chain, has filed for Chapter 11 bankruptcy due to pandemic-related setbacks. With restaurant closures and industry-wide financial pressures, casual dining faces an uncertain future, as other beloved brands like Red Lobster also struggle to survive. Will the industry adapt, or is this the end of an era?
Reading Time : 2 minutesSingapore-based companies have agreed to pay $102 million to settle a civil suit after their container ship, Dali, crashed into the Francis Scott Key Bridge. The settlement addresses expenses incurred by the U.S. government, but bridge reconstruction costs remain unresolved. Maryland is pursuing a separate claim, highlighting the complex legal and financial aftermath of this maritime disaster.