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Category Archives: Tech
Judge denies Nevada’s request for temporary restraining order against Polymarket
The Polymarket and Nevada saga remains to be ongoing, as a judge has denied Nevada’s request for a temporary restraining order (TRO) which marks a small win for the prediction market. This refers to the request for an ex parte … Continue reading
Fanatics will continue to operate its mobile sportsbook in Illinois, despite Hawthorne Race Course suspension
Fanatics Betting and Gaming has announced that it will continue to operate mobile sportsbooks in Illinois with a market-access partnership with PENN Entertainment through Argosy Casino Alton. Following the suspension of its previous partner, Hawthorne Race Course, the betting giant … Continue reading
CNBC Daily Open: Fed expectedly keeps rates steady — the intrigue was elsewhere
Powell left some advice to the next Fed chair. “Don’t get pulled into elected politics,” Powell said. “Don’t do it.”
Advantest shares jump as much as 14% as AI chip boom drives record sales and higher profit outlook
Shares of Japanese semiconductor equipment maker Advantest jumped over 7% after the company posted record quarterly sales in the October-December period.
Meta’s Mark Zuckerberg gets green light from Wall Street to keep pouring money into AI
Meta’s stock pop following the company’s latest earnings beat is a sign that investors are OK with hefty AI spending as long as the core business stays strong.
Samsung’s profit triples, beating estimates as AI chip demand fuels memory shortage
Samsung Electronics reported an over three-fold surge in fourth-quarter profits, hitting a new record and beating analysts’ estimates.
Elon Musk says Tesla ending Models S and X production, converting Fremont factory lines to make Optimus robots
On Tesla’s fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.
Tesla to invest $2 billion in xAI, Elon Musk’s OpenAI competitor
In its earnings report on Wednesday, Tesla said it invested $2 billion in xAI, Elon Musk’s artificial intelligence startup.
Meta Forecasts Spending of at Least $115 Billion This Year
That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.
Tesla Profit Slumps, but Investors May Not Care
The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.