Tesla has recently made significant changes to the pricing structure of its Cybertruck lineup. The company has stopped selling the $60,990 RWD Cybertruck, the cheapest version of the electric vehicle, and increased the price of the next-in-line AWD Cybertruck by $20,000. This price increase now sets the starting price for the AWD model at $99,990,
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The debate between open-source and closed-source artificial intelligence (AI) is gaining momentum in the tech industry. Companies are taking sides regarding the transparency and accessibility of their AI models, datasets, and algorithms. This battle has significant implications for the future of AI development and its impact on society. In recent times, Meta, the parent company
Warner Brothers Discovery recently made headlines by filing a lawsuit against the NBA for alleged breach of contract. The lawsuit, which was filed in the New York Supreme Court, claims that the NBA violated its agreement by accepting a new media rights deal with Amazon, despite Warner Brothers Discovery matching the offer. This legal action
SK Hynix, a leading memory chip manufacturer, announced plans to invest a staggering 9.4 trillion Korean won ($6.8 billion) to construct a state-of-the-art semiconductor manufacturing plant in South Korea. The new fabrication plant, located in the Yongin Semiconductor Cluster just south of Seoul, represents a significant milestone for the company. With construction scheduled to commence
Samsung Electronics, the South Korean tech giant, has made headlines with its impressive financial performance in the second quarter of the year. The company’s stock reached its highest level since January 2021, following the announcement of better-than-expected profits. The stock surged by 2.24% on Friday morning, reaching a high of 86,500 Korean won ($62.73). Samsung
The news industry has recently faced challenges due to the rise of artificial intelligence, with OpenAI being at the forefront of the controversy. The Center for Investigative Reporting, a well-known nonprofit newsroom, has taken legal action against OpenAI and Microsoft, accusing them of copyright infringement. This lawsuit is just one of many that have been
Facial recognition startup Clearview AI recently settled a lawsuit in Illinois alleging that their extensive collection of facial images violated the privacy rights of individuals. The settlement, estimated to be worth more than $50 million, involves a unique agreement that gives plaintiffs a share in the potential value of the company, rather than a typical
Dell Technologies experienced a significant drop in its stock value, plummeting more than 16% on Friday. This decline was a result of investors becoming disheartened by the company’s lower-than-expected artificial intelligence server backlog and a projected decrease in margins. Despite the fact that Dell reported fiscal first-quarter results that surpassed analysts’ expectations and provided optimistic
In a groundbreaking announcement, Elon Musk’s xAI startup has secured a staggering $6 billion in a series B round of funding. The funding round involved multiple prominent venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding.
India has become a preferred destination for companies looking to launch initial public offerings (IPOs) due to its regulatory framework and market dynamics. Shailendra Singh, managing director at Peak XV Partners, previously Sequoia Capital India & Southeast Asia, emphasized the positive environment for companies listing in India, pointing out the efficiency of regulatory bodies such