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In a recent announcement, former President Donald Trump has called on Big Tech companies to bring their operations back to the United States, with Apple being the latest company to heed this call. According to Trump, Apple is set to significantly shift its investment strategy, moving its production from Mexico to the United States. During a meeting with governors, Trump revealed that Apple CEO Tim Cook promised to…
In recent developments, Reddit (RDDT) stock has seen a significant decline of about 19% following its earnings report last week. This comes after a six-month period where the shares had quadrupled. Despite surpassing earnings per share estimates, Reddit’s daily active users fell from the previous quarter due to changes in Google’s Search algorithm, which impacted site traffic. Reddit’s stock price was $167.25, reflecting a 4.67% drop. The stock…
For the first time since 2019, the European smartphone market has experienced growth, according to analysis by Canalys. In 2024, there was a 5% increase in smartphone deliveries compared to the previous year. This growth, though modest, marks a significant turnaround after years of declining sales. Approximately 136.1 million smartphones were sold in Europe in 2024, excluding Russia. This increase can be attributed partly to a rise in…
The latest iteration of his AI chatbot, positioning it as a formidable competitor in the artificial intelligence space. Musk asserts that Grok-3 wields over ten times the computing power of its predecessor, surpassing other AI models like ChatGPT, DeepSeek, and Google Gemini in terms of intelligence and capability. Musk, who established the Grok-developing entity xAI in 2023 as an alternative to ChatGPT creator OpenAI, claims that Grok-3 is…
Nikola Corporation, the renowned American truck manufacturer specializing in electric and hydrogen-powered vehicles, has initiated a Chapter 11 bankruptcy filing in Delaware, as per recent court filings. This strategic move aims to allow Nikola the opportunity to restructure its operations while continuing its business activities. The company’s financial woes have been escalating due to prolonged periods of cash outflows exceeding inflows, compounded by disappointing sales figures. Further exacerbating…
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