Dutch Government Seizes Control of China-Owned Chip Company
The Dutch government has assumed control of Nexperia, a Chinese-owned chipmaker in the Netherlands, by invoking the Goods Availability Act. This “highly exceptional” decision aims to safeguard the European supply…
Strava Considers IPO as Gen Z Swaps Dating Apps for Running Clubs
Strava, the 16-year-old fitness-tracking application, is making preparations to go public, according to reporting by the Financial Times. CEO Michael Martin told the publication that the San Francisco-based company plans…
Peter Thiel Allegedly Compared Greta Thunberg and AI Skeptics to the Antichrist
Billionaire Peter Thiel, the co-founder of PayPal and Palantir, reportedly referred to climate activist Greta Thunberg and prominent AI critics as “legionnaires of the antichrist,” according to a recording of…
Chinese Company Plans £1.5B Turbine Factory in Scotland
A Chinese energy company, Ming Yang, the largest private wind turbine manufacturer in China, has announced significant plans to build the UK’s largest wind turbine manufacturing facility in Scotland. The…
Nevada Says Musk’s Boring Company Broke Environmental Rules Nearly 800 Times
Elon Musk’s Boring Co., the tunneling and infrastructure enterprise, repeatedly violated state environmental regulations in Nevada, even after the company had formally agreed to comply with those laws, state regulators…
Duolingo Declares It Will Never Open a San Francisco Office
Duolingo, the widely used language learning application, has stated definitively that it will never open an office in San Francisco. The company is headquartered in Pittsburgh, Pennsylvania, a city not…
PepsiCo Beats Earnings Forecasts Thanks to Strong International Sales
PepsiCo reported quarterly earnings and revenue on Thursday that surpassed analysts’ expectations, a positive result driven primarily by international growth which managed to offset yet another quarter of declining sales…
Hang Seng Bank Shares Surge 25% After HSBC’s $37B Privatization Offer
Shares of Hang Seng Bank listed in Hong Kong surged by 25.88% on Thursday following the announcement of a privatization bid by its majority parent company, HSBC, Europe’s largest lender.…
Amazon Pharmacy to Roll Out Prescription Drug Vending Machines
Amazon announced on Wednesday that it is debuting in-office prescription dispensing machines, known as Amazon Pharmacy Kiosks, within its One Medical clinics. These new self-service units, operated by Amazon Pharmacy,…
Nvidia’s Jensen Huang Says AMD’s 10% Offer to OpenAI Was a ‘Clever’ Surprise
Nvidia CEO Jensen Huang expressed surprise on Wednesday that rival Advanced Micro Devices (AMD) offered a 10% equity stake in the company to OpenAI as part of their multibillion-dollar partnership…
Motion Picture Association Tells OpenAI to Curb Copyright Abuse on Sora 2
The Motion Picture Association (MPA) on Monday urged OpenAI to “take immediate and decisive action” against its newly released video creation model, Sora 2, which the association claims is being…
Nissan Xterra Set to Make a Comeback
Nissan Motor Co. is preparing to revive its discontinued Xterra SUV model in the U.S. as a hybrid, with potential production slated for its Canton, Mississippi plant. The factory may…
Anthropic Secures Largest Enterprise Rollout Yet in Deloitte Partnership
Deloitte announced a major agreement on Monday to integrate Anthropic’s artificial intelligence assistant, Claude, across its global workforce of more than 470,000 employees. This deployment is set to be the…