Reading Time : 3minutesThe Biden administration has tightened export controls on semiconductor tech to China, aiming to curb its AI and military advancements. These restrictions target manufacturing equipment, signaling U.S. efforts to maintain tech supremacy amid rising tensions. Beijing’s backlash hints at potential retaliatory measures, escalating the ongoing ‘chip war’ and reshaping global tech dynamics.
Reading Time : 2minutes 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 : 2minutesMeta 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 : 2minutesCanada’s legal saga with Google heats up, aiming to dismantle the tech giant’s ad empire. It’s a David vs. Goliath story where Canada swings hard at Google’s control over online ads. Will this be the battle that changes the galaxy of digital advertising?
Reading Time : 3minutesThe 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 : 3minutesChina’s high-speed rail under Xi Jinping showcases ambition, connecting the nation and extending influence globally. Yet, the rapid expansion raises questions about economic sustainability. Is China building too much rail? While it’s a symbol of progress, critics debate the financial implications and utilization, highlighting the balance between infrastructural pride and practical economics.
Reading Time : 3minutesAs Trump returns to the White House, China faces economic challenges but is strategically prepared for another trade war. With insights from past conflicts, China aims to diversify trade, boost domestic demand, and retaliate against U.S. policies. Despite economic vulnerabilities, China’s global trade share has grown, indicating a potential to leverage geopolitical shifts to its advantage.
Reading Time : 2minutesDonald Trump, the president-elect, has announced plans for significant tariffs targeting Mexico, Canada, and China, set to take effect on January 20, 2025. A 25% tariff on imports from Mexico and Canada will remain until these countries address illegal immigration and drug trafficking, while a 10% tariff will be imposed on Chinese goods, with potential increases in the future.
Reading Time : 2minutesGoldman 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 : 3minutesAmazon’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 : 2minutesIndie games are reshaping the gaming landscape, driving innovation, targeting niche markets, and achieving commercial success with low budgets. Digital platforms amplify their reach, creating global opportunities. Success stories like Stardew Valley show how passion and creativity drive profits, proving indie games are vital to the industry’s growth.
Reading Time : 2minutesElon 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 : 2minutesArgentina achieved a remarkable $888 million trade surplus in October 2024, rebounding from a $442 million deficit the previous year. This turnaround, driven by a 30% surge in exports from agriculture and manufacturing, reflects the positive impact of President Javier Milei’s libertarian policies aimed at cutting government spending and reducing red tape for businesses.
Reading Time : 3minutesWalmart’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 : 2minutesWall Street bankers are set to receive substantial bonus increases, signaling a recovery from the post-COVID slump. Debt underwriters will lead with hikes up to 35%, while other sectors also see gains. This resurgence boosts New York’s economy, with the securities industry contributing significantly to tax revenues. The financial sector is bullish on the future.
