Intel Unveils Ambitious Plans: 1nm Manufacturing by 2027 and $100 Billion Investment in Capacity
The tech giant made waves by revealing its strategic vision for the future. In a bold move, Intel announced its plans to initiate production/development of the Intel 10A node, boasting an impressive 1nm analog, set to hit the market in late 2027. Simultaneously, the company...
Reddit reveals unconventional IPO plans, expanding investment opportunities for active users
Social media giant Reddit has officially filed an S-1 statement with the Securities and Exchange Commission (SEC), unveiling its financial standing and outlining its ambitious business goals ahead of an eagerly anticipated initial public offering (IPO) on the New York Stock...
Mercedes-Benz Shifts Gears: Abandons Exclusive Electric Car Plan for 2030
Mercedes-Benz has veered away from its ambitious plan to exclusively sell electric cars by 2030. The automotive giant announced this decision on Thursday, signaling a shift in the industry’s perspective on an all-electric future following a notable slowdown in sales...
Jeff Bezos will liquidate $2 billion worth of Amazon stock for the third time in February.
Amazon founder Jeff Bezos has reportedly sold approximately $2.03 billion worth of Amazon stock in the past few days. Remarkably, this marks the third instance within the month that Bezos has chosen to liquidate a substantial portion of his Amazon shares. As of February, the...
SoftBank’s $100 Billion Gamble: Izanagi Aims to Rival Nvidia in AI Chip Race
SoftBank Group’s founder, Masayoshi Son, is setting the stage for an audacious venture with a hefty price tag of $100 billion. Codenamed Izanagi, this project is poised to challenge Nvidia’s dominance in the realm of artificial intelligence (AI) chips, according...