Five individuals have been charged by the U. S. government for a multi-year hacking spree that targeted major tech companies and cryptocurrency owners. Ahmed Hossam Eldin Elbadawy (23), Noah Michael Urban (20), Evans Onyeaka Osiebo (20), Joel Martin Evans (25), and Tyler Robert Buchanan (22) are accused of using phishing and SIM swapping to steal credentials and snea...
Dan Loeb's hedge fund, Third Point, rearranged its investments in the third quarter, with a notable move into Tesla. They opened a $105 million stake in the electric vehicle company, which saw its shares surge by over 32% during the period. This increase can be linked to investors' optimism about Tesla's potential under the new administration. Tesla's market cap even...
After Donald Trump's election win, the leaders of top tech companies like Alphabet, Meta, Apple, Amazon, and Microsoft quickly sent their congratulations. These executives, including Sundar Pichai, Mark Zuckerberg, and Tim Cook, previously had clashes with Trump. But now, they're eager to adapt to the next four years under his leadership. Trump has a history of criti...
Imagine throwing away 13 billion iPhones every year. That's the scary prediction for electronic waste by 2030, thanks to the AI boom. Silicon Valley companies are pouring money into data centers for generative AI. But all this progress comes at a cost. The chips and equipment used today will soon be obsolete, creating a massive e-waste problem. Most of this waste end...
You've probably heard a lot about AI stocks this year. They've been doing really well, and UBS thinks there's still a lot of room to grow. Let's start with Nvidia, a big name in chips. This year alone, it's gone up by almost 186%! That's way more than the S&P 500's rise of 22% in 2024. UBS says we're still in the early stages of AI growth. They think the launch of Ch...
School districts in the US have launched lawsuits against social media giants like Meta, Google, TikTok, and Snap, accusing their platforms of contributing to a mental health crisis among students. The focus is on the 'addictive' nature of these apps, with features such as the 'like' button allegedly hurting society, much like cigarette manufacturers who targeted you...
It's 2024, and some of the world's biggest tech companies like Microsoft, Google, and Amazon are looking to power their AI operations with nuclear energy. You might be thinking, "Nuclear? Isn't that dangerous? " Well, let's dig into why these tech giants are making this move. First, AI is a real power hog. Training just one AI model can use enough energy to power hu...
Early morning trading was a rollercoaster ride for investors. Many US-listed Chinese stocks like online video giant Bilibili crashed by over 13%, with automaker Nio and e-commerce giants JD.com and Alibaba also taking heavy hits. The reason? China's state planner didn't announce any new stimulus plans. The gambling scene in Macau didn't fare well either, with casino ...
Ever wondered how a successful employee could turn into a thief? Let's talk about Barbara Furlow-Smiles, who worked as a diversity program manager at Facebook and later Nike. She got caught red-handed stealing over $5 million! This was no small theft; she planned it meticulously with fake vendors, bogus invoices, and even friends in on the scam. The money went to fun...
Lina Khan, the Chair of the Federal Trade Commission, has been making waves with her aggressive stance on antitrust. While many corporate leaders have been critical of her approach, some surprising allies have emerged from both sides of the aisle. Take Republican Matt Gaetz, for instance, who has been vocal about the need for big business to stop prioritizing profits...