Chinese exporters are bracing for a potential trade war with the US, as former President Donald Trump’s plans to impose tariffs of 60 percent or more on Chinese imports have sparked concerns about the impact on their businesses. Li Wei, a glass-making entrepreneur in northern China, has seen his US exports drop sharply in recent…
If Donald Trump wins the US presidential election, Elon Musk, the CEO of Tesla and SpaceX, may join the United States government as a cabinet member. This move would be a significant shift in the country’s politics, as Musk has been a vocal supporter of Trump and has expressed his desire to reduce government spending….
Elon Musk, the billionaire CEO of Tesla and SpaceX, has taken a sharp swing to the right by supporting President-elect Donald Trump. This unexpected move could have significant implications for Musk’s businesses, including Tesla, SpaceX, and X, as well as the future of government spending and space exploration. With Trump promising Musk a key role…
The Federal Trade Commission (FTC) has announced that it will be taking action against the online cash app and neobank Dave, citing misleading marketing and hidden fees. The FTC claims that Dave’s marketing implied that its cash advances would be “instant,” without disclosing the fees involved until after the consumer completed the sign-up process. The…
The European Union has opened an investigation into Corning, the US manufacturer of Gorilla Glass, over possible anti-competitive practices. The probe is focused on Corning’s dominant position in the global supply of protective glass screens for handheld electronic devices. If the EU finds Corning guilty, it could face penalties of up to 10% of its…
Oil giant BP has announced the cancellation of 18 early-stage hydrogen projects, sparking concerns about the future of the nascent industry. This move is expected to have a significant impact on the development of green hydrogen, which has the potential to reduce carbon pollution in various industries. The decision is seen as a setback for…
Decart, an Israeli AI company, has emerged from stealth with a $21 million funding and released the first playable “open-world” AI model, Oasis. This model can simulate games like Minecraft in real-time, generating frames, physics, and graphics. While the current demo has limitations, Decart believes future versions could generate up to 4K gameplay and potentially…
Amazon CEO Andy Jassy has hinted at an improved, “agentic” version of the company’s Alexa assistant, which could take actions on a user’s behalf. The new Alexa, code-named “Remarkable Alexa,” is expected to be released in 2025 and will reportedly cost $5 to $10 per month. The assistant will be powered by Anthropic’s generative AI…
