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Pony.ai, a rising star in the world of self-driving cars, has raised $260 million in fresh funding as it gears up for a U.S. stock market debut in 2024. This milestone signals a new chapter for robotaxis, a revolutionary technology…
Amazon (AMZN) is one of the most talked-about companies on Wall Street, especially as it prepares to release its earnings report. With its massive influence in e-commerce, cloud computing, and artificial intelligence, Amazon is often seen as a solid long-term…
In a notable shift, OpenAI, renowned for innovations like ChatGPT, is transitioning away from its non-profit roots. A report from Reuters on September 25, 2024, reveals plans to grant CEO Sam Altman equity in the company. This pivot from a…
Why Are Big Tech Companies Losing Value? Alphabet Inc. (Google’s Parent Company) This August, Google’s parent company, Alphabet, saw its stock value drop by 4.7%. A lot of this had to do with worries that YouTube might not make as…
Bitcoin, the biggest name in cryptocurrency, has seen a significant price plunge, dipping below $58,000 recently. This drop has sparked a lot of discussion and concern among investors and market watchers. Let’s dive into the key reasons behind this decline,…
Introduction The stock market can sometimes drop quite a lot in a short time, and this is often called a ‘plunge’. These big drops can happen because of different reasons and they can affect investors, companies, and whole economies. Why…
Lately, financial markets have been pretty shaky. People are worried about a possible stock market crash, the chance of a recession, and the effects of a boom in artificial intelligence (AI) investments. This article breaks down these issues to give…
Tech Stocks Lead Declines On Wednesday, stock markets in the US and Asia saw a significant drop, especially in companies related to artificial intelligence (AI). In the US, the S&P 500 fell by 2.3%, and the tech-focused Nasdaq dropped by…
Losses in Europe and Asia are mainly because of AI-related companies like Nvidia, Tesla, and Google-owner Alphabet. The pan-European Stoxx 600 index dropped by 0.7%. This decline was due to a nearly 4% drop in Dutch chipmaker ASML, a 7%…
Artificial intelligence (AI) is reshaping industries, including the stock market, sparking a lively debate about its financial impact and longevity. Even experts like those at Goldman Sachs are divided on whether AI’s influence on stock valuations, especially in major tech…