In the storied timeline of Tesla Inc., few periods are as alarming as its current seven-week stock plummet, which has sent shockwaves throughout the investment community and amongst electric vehicle enthusiasts. From a peak of nearly $480 per share in December 2022, Tesla’s stock recently closed at a worrying $270.48—its longest losing streak in its
Banking
In the rapidly evolving landscape of financial technology (fintech), three significant players—Block (formerly Square), Affirm, and PayPal—have emerged as key actors, each with unique origins and visions. These companies initially targeted different market segments but are now converging towards a shared goal: transforming into comprehensive digital banking entities. Their recent financial performance, ambitions, and evolving
Affirm, the online lending platform introduced by Max Levchin, has been at the forefront of revolutionizing payment methods since its inception. Initially focused on credit, the company discerned an opportunity in the debit market and expanded its offerings four years ago by launching a unique debit card that enables users to pay over time. This
Nvidia Corporation, a leader in the artificial intelligence (AI) chip sector, has managed to capture a staggering 80% of the market share associated with AI graphics processing units (GPUs). These chips are crucial for the development and deployment of generative AI software, which has seen rapid advancements and heightened interest over the past few years.
The launch of World Liberty Financial’s cryptocurrency token, WLFI, has become a spectacle of interest amidst the chaotic landscape of cryptocurrency ventures. Co-founded by a team associated with former President Donald Trump, the project aspirations appear grandiose, aimed at delivering decentralized financial services to those traditionally cut off from banking. Yet, as one would expect
In a concerning turn of events, Bank of America found itself in the spotlight this week as numerous customers reported significant issues accessing their accounts. This situation unfolded on a Wednesday afternoon, evoking a wave of anxiety as account balances displayed erroneously, either showing as $0 or as dashes. Such outages, especially in the financial
Apple’s iPhone 16 introduces a new feature called “Camera Control,” which is essentially a button that has multifunctional capabilities. This button not only showcases Apple’s perspective on cameras and AI but also offers insight into the future of technology interaction. Despite its simplicity as a button, the Camera Control feature may be the most intriguing
Apple made a groundbreaking announcement on Monday, revealing the new iPhone 16 designed specifically for generative artificial intelligence. This move by the tech giant signifies its commitment to staying ahead in the ever-evolving world of technology while also aiming to boost sales by offering cutting-edge features that appeal to consumers. Apple’s chief executive, Tim Cook,
British fintech startup Revolut recently announced that it has achieved an impressive valuation of $45 billion in a secondary share sale. This significant increase from the $33 billion valuation just a few months ago highlights the remarkable growth and success of the company. This valuation reflects the strong financial performance and strategic execution by Revolut
In today’s fast-paced business world, where remote work has become the norm rather than the exception, companies are constantly seeking ways to enhance collaboration and productivity. Zoom, a well-known video calling app, is stepping up its game by introducing a new document tool that integrates generative AI to streamline the process of creating and editing