Apple in Talks to Boost Apple TV+ Library with More Movie Rights Acquisitions
July 19, 2024 – According to Bloomberg, Apple is actively engaged in negotiations to acquire more film rights from various Hollywood movie studios, aiming to expand the content library of its streaming platform, Apple TV+. Sources familiar with the matter revealed that while Apple has traditionally focused on producing original content for its streaming service,…
Buffett’s 2025 Letter: A Lifetime of Reliance on Stocks without Special Talents
February 23, 2025 – Berkshire Hathaway, the company owned byWarren Buffett, released its annual letter to shareholders yesterday evening. In the letter, Buffett revealed that Berkshire’s performance in 2024 exceeded expectations, with operating earnings reaching $47.4 billion and a stock market return of 25.5%, surpassing the S&P 500’s gain of 25%. Over the long term,…
Boeing to Lay Off 2,199 Employees in Washington, Total Cuts Reach 17,000
November 19, 2024 – Boeing has announced plans to lay off 2,199 employees in Washington state, part of a larger company-wide reduction that will ultimately affect approximately 17,000 workers. The news was released by the Washington State Employment Security Department on Monday. Currently, Boeing employs around 66,000 individuals in the state. According to the Society…
Alibaba Cloud Unveils Historic Price Cuts at 2024 Strategy Conference
February 29, 2024 – Today marks a significant milestone for Alibaba Cloud as they hosted their “2024 Alibaba Cloud Strategy Conference,” announcing unprecedented price reductions across their entire product line on their official website. With an average discount exceeding 20% and a maximum reduction of 55%, this move represents the most significant offer in the…
LG & Samsung Sue Indian Govt Over E-Waste Rules: Costs to Triple, Firms Claim
April 22, 2025 – Legal documents filed in the Delhi High Court reveal that LG Electronics and Samsung Electronics have jointly filed a lawsuit against the Indian government this month, challenging a provision in the “2024 E-Waste Management Amendment Rules” related to “minimum recycling payout standards.” The move marks the eighth foreign-owned corporation to contest…
Tech Moguls Cash Out Ahead of Trump’s Tariff Turmoil: Zuckerberg Leads with $733M Haul
April 21, 2025 – A wave of significant stock sales by top corporate executives emerged just prior to President Donald Trump’s announcement of tariff policies, as reported by Bloomberg. Executives from major companies, including Meta CEO Mark Zuckerberg, Oracle CEO Safra Catz, and JPMorgan Chase CEO Jamie Dimon, collectively divested billions of dollars in company…
Meta Set to Unveil New Image-Video and Text AI Models Next Year, Led by Alexandr Wang
December 22, 2025 – According to The Wall Street Journal, Meta is fully mobilizing its workforce to develop a new generation of artificial intelligence models at its super – intelligence lab, which is led by Alexandr Wang, the co – founder of Scale AI. At present, the company is advancing two new projects. One is…
“Thanks” to ChatGPT Drains OpenAI’s Budget by Tens of Millions
April 21, 2025 – Artificial intelligence (AI) has become an integral part of daily life, assisting with tasks, solving problems, and even engaging in casual conversations. Yet, beneath these interactions lies a substantial cost. OpenAI CEO Sam Altman recently revealed that processing simple greetings and polite exchanges costs “tens of millions of dollars” monthly. Phrases…
Samsung Readying Enhanced HBM3E Memory for Major Clients’ Next-Gen AI GPUs
November 01, 2024 – During the 2024Q3 earnings call, Kim Jae-june, Vice President of Samsung Electronics’ Memory Business Division, confirmed that the company is preparing optimized and improved versions of HBM3E memory for the next-generation AI GPUs of multiple key clients. Previously, reports had suggested that Samsung Electronics’ HBM3E business was being hindered by 14nm-class…
xAI Valuation Skyrockets, Rewarding Twitter Acquisition Backers
November 29, 2024 – Investors who backed Elon Musk’s acquisition of Twitter are poised to reap significant benefits from the soaring valuation of his artificial intelligence venture, xAI, according to reports from the Financial Times. Musk has offered a 25% stake in xAI, which he founded last year to rival competitors like OpenAI and Anthropic,…