Walmart is joining the metaverse, setting up a virtual store and play area on Roblox’s platform. Companies across industries are beginning to embrace the metaverse, leveraging it as a way to engage with customers, especially younger ones. Walmart is the Read More
Amazon is building a $120 million building at Florida’s Kennedy Space Center to process satellites for Project Kuiper. Project Kuiper is Amazon’s answer to SpaceX’s Starlink. Amazon has been working to deploy its satellite constellation, and the facility at Kennedy Read More
The Apple Card is the gift that keeps on giving — and not in a good way — for Goldman Sachs, contributing to a $667 million Q2 loss. It’s no secret that the Apple Card has been a costly endeavor Read More
Foxconn is pulling out of a joint venture with Indian company Vedanta to establish a new semiconductor plant in India. India has been working to establish itself as a rival and alternative to China in the semiconductor and high-tech manufacturing Read More
Luxury online retailer Farfetch, where product prices start at around a thousand dollars, had a breakout IPO on Thursday, raising $885 million while setting a valuation of $6.2 billion for the company. Then on Friday the stock surged 53 percent above Read More
The White House has announced a $40 billion fund to help close the digital divide and bring broadband internet to all Americans. The US has a massive digital divide between the quality of internet individuals in city and metropolitan areas Read More
The US government is going all-in in its efforts to catch up with China in the EV space, loaning Ford $9.2 billion to build three EV battery plants. China is the world leader in EV battery production, a fact that Read More
Further solidifying AI as tech’s latest golden child, a new report says generative AI could boost the global economy by as much as $4.4 trillion per year. OpenAI, Microsoft, Google, Amazon and others are betting it all on generative AI Read More
In an interview with CNBC, chairman Gary Gensler didn’t mince any words about his take on the crypto market, saying, “we don’t need more digital currency.” The SEC has filed lawsuits against two of the world’s biggest crypto exchanges in the Read More
Nvidia has crossed a major milestone, becoming the first chipmaker to join the $1 trillion club. According to Reuters, Nvidia joined the $1 trillion club Tuesday, making it the first chipmaker to do so. It joins the ranks of Apple and Read More
