Autonomous vehicle

Elon Musk’s Vision for Tesla’s Trillion Dollar Future Elon Musk, the visionary CEO of Tesla, has consistently set ambitious goals for the company. Among his most audacious claims is that Tesla could potentially become a multi trillion-dollar company and even reach a valuation of $25 trillion, largely driven by theRead More →

Apple Apple’s fourth-quarter results surpassed Wall Street forecasts for revenue and earnings per share. However, net income declined due to a one-time charge related to a tax settlement in Europe. iPhone sales and overall sales both rose by 6%. Amazon Amazon’s shares soared in after-hours trading following the announcement ofRead More →

Nasdaq index at new high!

The Nasdaq Composite climbed to an all-time high on Friday 25th October 2024, boosted by BIG tech stocks. The tech-heavy index rose 0.56% to 18,518.61 Tech stocks boosted the market ahead of their upcoming earnings. Nvidia added 0.8%, and shares of Meta Platforms, Amazon and Microsoft were also higher. Some analysts are suggesting it may be time to shortRead More →

AWS nuclear power

Amazon Web Services (AWS) has announced the signing of an agreement with Dominion Energy, the utility company of Virginia U.S., to explore the development of a small modular nuclear reactor near Dominion’s existing North Anna nuclear power station. As Amazon’s cloud computing subsidiary, AWS has an ever-growing demand for cleanRead More →

Data centre powered by nuclear reactors

Why? Elevated Energy Needs AI systems, particularly generative AI, necessitate substantial computational power, leading to significant energy use. Conventional energy sources might not meet these growing demands. Environmental Commitments Numerous tech firms have pledged to lower their carbon emissions. Nuclear power, a low-emission energy source, supports these environmental commitments. DependabilityRead More →

Union Jack Flag UK

The UK Labour government aimed to attract foreign investment on Monday 14th October by hosting its first International Investment Summit in London Prime Minister Keir Starmer, Chancellor Rachel Reeves, and Business Minister Jonathan Reynolds headed the one-day event at London’s Guildhall, with an attendance of approximately 200 executives from bothRead More →

AI chips

Nvidia’s shares have reached a record peak as the company continues to benefit from the surging demand for its AI chips Tech giants such as Microsoft, Meta, Google, and Amazon are acquiring Nvidia’s GPUs in large volumes to create extensive AI computing clusters. Nvidia, with a market capitalisation of aroundRead More →

Chatbot with celebrity voices

Meta, the parent company of Instagram, has announced that voices of Dame Judi Dench and John Cena will be available as options for its AI chatbot. Moreover, users can access information through AI representations of celebrities such as Awkwafina, Keegan-Michael Key, and Kristen Bell. Meta is hopeful that this newRead More →

AI microchips

Chinese firms are reportedly intensifying their efforts to develop a competitive alternative to Nvidia’s AI chips, as part of Beijing’s ongoing initiative to reduce its reliance on U.S. technology. China faces several challenges that are impeding its technological progress, including U.S. export restrictions that limit domestic semiconductor production. The lackRead More →

Crypto exchange

The retail investment platform Robinhood has announced the introduction of cryptocurrency transfers in and out of its app for European customers As part of its international expansion efforts, the company aims to enhance its product offerings in the region. According to a blog post-dated Tuesday 1st October 2024, Robinhood willRead More →

Tech stocks up China

Chinese technology stocks, such as the previously underperforming Alibaba, have surged this week, reaching peaks not observed in over a year The stock surge follows the announcement of stimulus measures by China’s central bank to boost the world’s second-largest economy. On Thursday 26th September 2024 in the U.S., Alibaba’s sharesRead More →

Fund creation for AI

In a substantial effort to strengthen the infrastructure required for artificial intelligence (AI), BlackRock and Microsoft have unveiled a significant fundraising endeavour. The initiative, dubbed the Global AI Infrastructure Investment Partnership (GAIIP), seeks to secure $30 billion in private equity capital, with the possibility of leveraging up to $100 billionRead More →

AI development in China and U.S.

Artificial Intelligence (AI) has become a pivotal battleground in the technological race between China and the United States. “AI is expected to become a crucial component of economic and military power in the near future,” Stanford University’s Artificial Intelligence Index Report 2023 stated. Both countries are significantly investing in AIRead More →

Data centre

Nvidia has announced earnings surpassing Wall Street forecasts and has issued guidance for the current quarter that exceeds expectations. As the artificial intelligence boom continues, Nvidia remains a major beneficiary. Despite a stock price dip, after trading hours, the stock has risen approximately 150% this year. The question remains whetherRead More →

AI enabled local device

Microsoft announced on Wednesday 21st August 2024 that it will release the contentious Recall AI search feature for Windows users to test starting in October Recall captures screenshots of on-screen activity, enabling users to search for previously seen information. Security experts raised immediate concerns about the potential risks of WindowsRead More →

Magazine AI data

OpenAI has partnered with the global magazine conglomerate Condé Nast to enable ChatGPT and its search engine, SearchGPT, to showcase content from renowned publications such as Vogue, The New Yorker and GQ. The agreement represents the most recent in a series of deals made by OpenAI with prominent media companies.Read More →

Witches' stocks cauldron

The stock markets mix of toil and trouble is in the cauldron ready for a bear market in 2025, if not before. Why? These concerns are now all combining, and it will likely add-up to a bear market of around 25% in 2025 (this is my best guess). Remember –Read More →

Stock rout

U.S. stock futures slumped Monday 5th August 2024 as global markets sell-off centered around potential U.S. recession fears. About one hour before U.S. stocks open – here’s the situation Dow Jones Industrial Average futures dropped 1250 points following a 611point loss on Friday 2nd August 2024. S&P 500 futures are down 4.6%Read More →

System update fail

CrowdStrike’s shares fell a further 13% on Monday 22nd July 2024 while the cybersecurity software firm attempted to help clients from various sectors to recover from an outage that disrupted millions of Microsoft Windows devices on Friday 19th July 2024. CrowdStrike 5-day share price chart Early Friday, the company releasedRead More →

Nasdaq pull-back

On Wednesday 17th July 2024, the Nasdaq Composite and S&P 500 pulled-back as investors continued to shift from tech stocks to more interest rate-sensitive sectors. The S&P 500 dropped 1.39%, closing at 5588. The tech-geared Nasdaq tumbled 2.77%, finishing at 17996, marking its worst session since December 2022 and endingRead More →

Broad market Bull run

The Dow Jones Industrial Average closed at a record high Tuesday 16th July 2024, rallying 743 points for its biggest one-day increase in more than a year, as the bull run appeared to broaden. The small cap-focused Russell 2000 also rose for the fifth straight day, rising 3.5% fast closing in onRead More →