DMR News

Advancing Digital Conversations

Amazon’s Bold Move: Developing AI Chips to Outpace Nvidia in Cost and Speed

Inside Amazon.com‘s chip lab in Austin, Texas, a team of engineers was busy testing a new server design on a Friday afternoon. This server, loaded with Amazon’s own artificial intelligence…

European Investment Bank Advocates for Enhanced Innovation Financing in the EU

The European Investment Bank (EIB) has recently emphasized the urgent need for increased innovation financing within the European Union. A detailed report released on July 24, 2024, outlines the significant…

Ferrari Expands Cryptocurrency Payment System to Europe Following Success in the U.S.

Ferrari, the renowned Italian luxury sports car manufacturer, is set to broaden its cryptocurrency payment options to its European dealerships starting from the end of July 2024. This expansion follows…

Kamala Harris Takes to TikTok for Presidential Campaign Outreach

Vice President Kamala Harris officially launched her TikTok account on Thursday, July 25, adding a new dimension to her 2024 presidential campaign strategy. This move marks a significant step in…

Jio Joins Forces with MediaTek to Revolutionize the Two-Wheeler EV Market

India’s conglomerate Jio has partnered with Taiwanese semiconductor leader MediaTek to enhance the growing electric scooter market with advanced digital dashboards. Announced at an industry event in New Delhi on…

Republican Senator Withdraws Support for Elizabeth Warren’s Anti-Crypto Bill

United States Senator Roger Marshall, a Republican, has officially withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a notable anti-cryptocurrency bill he co-sponsored with Democratic Senator Elizabeth…

Toyota Announces Plans for New EV Battery Plant to Power Future Lexus Models, Reports Nikkei

Japan’s Toyota Motor Corporation is planning to build a new battery plant for electric vehicles (EVs) in Fukuoka, located in the southwestern region of Japan. The Nikkei business daily reported…

SK Hynix Announces $6.8 Billion Chip Plant in South Korea, Boosting Nvidia Supply Chain

Memory chip giant SK Hynix announced on Friday plans to invest 9.4 trillion Korean won ($6.8 billion) in constructing a new semiconductor manufacturing plant. The new facility, known as a…

IBM Boosted by Growing Demand for Software and AI Despite Decline in Consulting

IBM has exceeded analysts’ expectations for its second-quarter revenue and increased its annual growth forecast for its software division, benefiting from a surge in AI-related spending by clients eager to…

Elon Musk Rejects Claims of $45 Million Monthly Donation to Trump

Elon Musk has firmly denied claims that he is donating $45 million per month to support Donald Trump. This statement comes after the Wall Street Journal reported Musk’s alleged monthly…

Meta Shuts Down 63,000 Instagram Accounts Linked to Sextortion Scams

Meta has recently removed 63,000 Instagram accounts linked to sextortion scams, primarily targeting American men. This action is part of a larger effort to combat such scams on the platform.…

Ethereum ETF Launch Triggers Market Sell-Off, Forecasts Further Declines: 10x Research Analysis

The debut of spot Ether exchange-traded funds (ETFs), initially met with market optimism, quickly catalyzed a sell-off, significantly impacting Ether’s price. This reaction is part of a recurring trend observed…

UK School Under Fire for Unlawful Facial-Recognition Use

An English school has faced criticism from the U.K.’s data protection regulator for using facial recognition technology without obtaining explicit consent from students. The incident highlights ongoing concerns about privacy,…

Republicans Criticize FBI Director’s Testimony on Trump’s Alleged Non-Bullet Injury

Recent testimony by FBI Director Christopher Wray has sparked significant political backlash after he suggested that former President Donald Trump may not have been struck directly by a bullet during…

Canadian Women’s Soccer Coach Suspended from Olympic Games Over Drone Incident

The Canadian Olympic Committee (COC) has removed Bev Priestman, the head coach of Canada’s women’s national soccer team, for the remainder of the Paris Games amid allegations of drone spying…

Disney and Warner Bros. Launch New Streaming Bundle, Starting at $16.99/Month

Disney and Warner Bros. Discovery have launched a new streaming bundle in the United States, combining Disney+, Hulu, and Max services. Starting Thursday, July 25, the bundle is available at…

Citi Elevates Coinbase Stock Rating to ‘Buy’ Amid Favorable US Political Developments

Citi, a leading investment bank, has recently upgraded its stock rating for the cryptocurrency exchange Coinbase to ‘buy’ from ‘neutral’, setting a new price target of $345. This adjustment reflects…

US House Approves Bill to Combat Illegal Crypto Activities

The US House of Representatives recently passed a significant piece of legislation aimed at curbing the illicit use of digital assets. Dubbed the Financial Technology Protection Act, this bill received…

OneStream Skyrockets in Market Debut, Boosted by KKR Backing

Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, giving the company a valuation close to $6 billion.…

Coinbase Pursues Legal Action to Obtain SEC Chair Gensler’s Emails Amid Regulatory Dispute

Coinbase, a leading cryptocurrency exchange, has intensified its legal battle with the U.S. Securities and Exchange Commission (SEC) by filing a motion to compel the production of private emails from…