Trump Media and Technology Group (NASDAQ: DJT) is increasingly turning into a case where lofty ambitions clash with institutional inertia, dampening the overall pace of progress to the detriment of investors. Trump Media and Technology Group reported its earnings for the first quarter of 2024 yesterday, constituting the first such milestone in its brief journey as a publicly traded entity. But while the announcement was heavy on symbolism, the contents were predictably underwhelming. As we noted in a dedicated post, Trump Media earned just $770,500 in revenue in Q1, which translated into an operating loss of $12.1 million for the […]
In what is sure to herald a fierce new tailwind for Ethereum and the rest of the crypto sphere, the SEC is apparently angling to approve some of the first spot Ethereum ETF applications this week, which should significantly advance the ongoing financialization and mainstreaming of cryptocurrencies. What's more, the SEC is seemingly abandoning its contention that Ethereum, functioning under a Proof-of-Stake (PoS) transaction authentication mechanism, constitutes a security. To wit, the SEC has reportedly asked Nasdaq, CBOE, and the New York Stock Exchange (NYSE) to amend their applications to list spot Ethereum ETFs, signaling that the apex financial regulator […]
Ahead of its upcoming earnings call this week, NVIDIA CEO Jensen Huang has revealed his firm's latest partnership in the hot and fiercely competitive artificial intelligence hardware industry. A.I. has been the buzz word on Wall Street for more than a year now, and the latest earnings season saw investors react sharply to closely watched A.I. firms such as Meta, Microsoft and Google parent Alphabet. NVIDIA has joined forces with Dell to deliver servers that support the former's Blackwell A.I. GPUs and boost their capacity over predecessors despite being shorter. NVIDIA Teams Up With Dell To Deliver A.I. Factory Of […]
As it waits for Boeing's first crewed ISS mission, NASA is making stead progress with an un-crewed cargo space plane. Sierra Space has been making slow and steady progress with the Dream Chaser spacecraft. A NASA release shared details of the spacecraft moments back, adding that the Dream Chaser's arrival at the KSC in Florida was part of preparations for a flight to the ISS. Sierra Space's Dream Chaser Spacecraft Makes Its Way To KSC Ahead Of Flight Later This Year While SpaceX's Dragon and Boeing's Starliner are the only two spacecraft designed to fly humans to space from U.S. […]
After a controversy forced Trump Media and Technology Group (NASDAQ: DJT) to delay the announcement of its first quarterly earnings since going public back in March, the company has now finally unveiled its financial metrics for the just-concluded quarter, delivering a predictably underwhelming result. To wit, Trump Media and Technology Group has now reported that it earned just $770,500 in revenue in the first quarter of 2024. The company has also recorded an operating loss of $12.1 million for the three months that ended on the 31st of March, 2024. As a rare bright spot, do note that the company's […]
Ahead of the fourth Starship test flight and after stacking the second stage Starship spaceship on the Super Heavy booster in Boca Chica, Texas, SpaceX conducted a wet dress rehearsal of its rockets earlier today. Before a test launch, SpaceX fills up the two rockets with their propellants to evaluate their performance ahead of flight. These tests allow it to certify the rockets' multiple systems to ensure that they will be able to handle the high propellant pressures on the day of flight. A fuel up, which might also be a wet dress rehearsal, is not indicative of an imminent […]
Amidst the ongoing race in Silicon Valley to develop artificial intelligence models with human like responses, Google has shared the latest data for its Gemini 1.5 Pro model. Like ChatGPT, Gemini also uses artificial intelligence to solve problems, and this time around, Google is touting the mathematical capabilities of its product. A.I. models have been in the news for their ability to solve college level tasks as a measure of their 'intelligence', and Google's research paper shows the model improving its mathematics score and solving problems part of the international Mathematical Olympiad successfully. Google's Specialized Gemini Model For Math Problems […]
With the weekend about to set in, NASA confirmed yet another delay to Boeing's crewed Starliner launch, making its crewed flight test (CFT) mission one of the most delayed private missions in human history. Starliner has been due to fly for years, but one issue after another has made teams replace crucial components on the ship. Ahead of the new launch date of end May, the ship last flew to the International Space Station (ISS) in May 2022 as part of its orbital flight test mission. NASA & Boeing Aim To Fly Starliner Spacecraft Two Years After Previous Test Flight […]
With TSMC accounting for most of Taiwan's power consumption, the country's lawmakers are open to changing the current rules regulating nuclear power in the country. Members of the current planning body of the Taiwanese national legislature, the Executive Yuan, showed a willingness to amend laws after the incoming economic minister set to succeed Weng Mei-hua, J.W. Kuo, remarked in the Executive Yuan that he believed nuclear energy was a clean power source. The outgoing government has been hesitant to increase nuclear power's share in the national grid, with data from national regulator TaiPower showing that it accounts for less than […]
The current stock market rally has three principal legs to stand on: a belief in "immaculate disinflation," robust macroeconomic growth, and NVIDIA's AI-driven gains. Yet, if Citi's projections pan out, one of these legs is about to give way, at least momentarily. NVIDIA is slated to announce its latest quarterly earnings on the 22nd of May, 2024. While the past few earnings disclosures have seen NVIDIA's stock post outsized gains on the back of fierce AI-related tailwinds, the upcoming event might prove to be a deviation from this bullish pattern. To wit, Citi has now published its views on NVIDIA's […]
After successfully maintaining and leveraging a close relationship with one of the world's leading artificial intelligence software companies OpenAI, tech giant Microsoft is now aiming at the hardware end of the computing pie. At an analyst call yesterday, Microsoft's vice president of cloud computing and artificial intelligence, Scott Guthrie, shared that his firm will introduce AMD's accelerated computing products to customers for its Azure cloud computing platform and announce custom variants of Microsoft's in house Cobalt 100 chips at an upcoming conference. Guthrie's comments mark the latest developments in the Arm designed data center and personal computing semiconductor industry, where […]
SpaceX's Starship rocket will launch in June, according to its head of Starbase operations, Kathy Leuders. Leuders shared the latest updates for the Starship program earlier this week in Texas, soon after which SpaceX stacked the ship on the booster at the launch tower in Starbase. Starship's fourth test flight comes right as SpaceX demolishes a ship test pad close to the launch pad, in what appears to be an attempt to fully utilize the hardware rich aspect of its rocket development program. According to Leuders, SpaceX is yet to receive the FAA's launch license for Starship IFT-4, and the […]
Bitcoin has just received a resounding endorsement, and that too from an unexpected quarter. The former professional kickboxer and controversial social media star, Andrew Tate, has now publicized his intent to invest a significant amount of money in Bitcoin. I know I’m not supposed to do this in chaotic times but I’m about to leave fiat completely and ape over 100M into btc. And I’ll even prove I did it. I’m done with the banks. I’m done with their money. Done with the scams. Then I’m going boating. — Andrew Tate (@Cobratate) May 15, 2024 To wit, Tate has announced […]
We previously had a chance to go hands-on with the first iteration of Journey’s 2023 Apple Find My wallet, but the brand just launched a new one. While both remain in the lineup, the latest edition of Journey’s MagSafe Find My card holder adds some ext...
In what is sure to herald a fierce new tailwind for Ethereum and the rest of the crypto sphere, the SEC is apparently angling to approve some of the first spot Ethereum ETF applications this week, which should significantly advance the ongoing financialization and mainstreaming of cryptocurrencies. What's more, the SEC is seemingly abandoning its contention that Ethereum, functioning under a Proof-of-Stake (PoS) transaction authentication mechanism, constitutes a security. To wit, the SEC has reportedly asked Nasdaq, CBOE, and the New York Stock Exchange (NYSE) to amend their applications to list spot Ethereum ETFs, signaling that the apex financial regulator […]
Ahead of its upcoming earnings call this week, NVIDIA CEO Jensen Huang has revealed his firm's latest partnership in the hot and fiercely competitive artificial intelligence hardware industry. A.I. has been the buzz word on Wall Street for more than a year now, and the latest earnings season saw investors react sharply to closely watched A.I. firms such as Meta, Microsoft and Google parent Alphabet. NVIDIA has joined forces with Dell to deliver servers that support the former's Blackwell A.I. GPUs and boost their capacity over predecessors despite being shorter. NVIDIA Teams Up With Dell To Deliver A.I. Factory Of […]
As it waits for Boeing's first crewed ISS mission, NASA is making stead progress with an un-crewed cargo space plane. Sierra Space has been making slow and steady progress with the Dream Chaser spacecraft. A NASA release shared details of the spacecraft moments back, adding that the Dream Chaser's arrival at the KSC in Florida was part of preparations for a flight to the ISS. Sierra Space's Dream Chaser Spacecraft Makes Its Way To KSC Ahead Of Flight Later This Year While SpaceX's Dragon and Boeing's Starliner are the only two spacecraft designed to fly humans to space from U.S. […]
After a controversy forced Trump Media and Technology Group (NASDAQ: DJT) to delay the announcement of its first quarterly earnings since going public back in March, the company has now finally unveiled its financial metrics for the just-concluded quarter, delivering a predictably underwhelming result. To wit, Trump Media and Technology Group has now reported that it earned just $770,500 in revenue in the first quarter of 2024. The company has also recorded an operating loss of $12.1 million for the three months that ended on the 31st of March, 2024. As a rare bright spot, do note that the company's […]
Ahead of the fourth Starship test flight and after stacking the second stage Starship spaceship on the Super Heavy booster in Boca Chica, Texas, SpaceX conducted a wet dress rehearsal of its rockets earlier today. Before a test launch, SpaceX fills up the two rockets with their propellants to evaluate their performance ahead of flight. These tests allow it to certify the rockets' multiple systems to ensure that they will be able to handle the high propellant pressures on the day of flight. A fuel up, which might also be a wet dress rehearsal, is not indicative of an imminent […]
Amidst the ongoing race in Silicon Valley to develop artificial intelligence models with human like responses, Google has shared the latest data for its Gemini 1.5 Pro model. Like ChatGPT, Gemini also uses artificial intelligence to solve problems, and this time around, Google is touting the mathematical capabilities of its product. A.I. models have been in the news for their ability to solve college level tasks as a measure of their 'intelligence', and Google's research paper shows the model improving its mathematics score and solving problems part of the international Mathematical Olympiad successfully. Google's Specialized Gemini Model For Math Problems […]
With the weekend about to set in, NASA confirmed yet another delay to Boeing's crewed Starliner launch, making its crewed flight test (CFT) mission one of the most delayed private missions in human history. Starliner has been due to fly for years, but one issue after another has made teams replace crucial components on the ship. Ahead of the new launch date of end May, the ship last flew to the International Space Station (ISS) in May 2022 as part of its orbital flight test mission. NASA & Boeing Aim To Fly Starliner Spacecraft Two Years After Previous Test Flight […]
With TSMC accounting for most of Taiwan's power consumption, the country's lawmakers are open to changing the current rules regulating nuclear power in the country. Members of the current planning body of the Taiwanese national legislature, the Executive Yuan, showed a willingness to amend laws after the incoming economic minister set to succeed Weng Mei-hua, J.W. Kuo, remarked in the Executive Yuan that he believed nuclear energy was a clean power source. The outgoing government has been hesitant to increase nuclear power's share in the national grid, with data from national regulator TaiPower showing that it accounts for less than […]
The current stock market rally has three principal legs to stand on: a belief in "immaculate disinflation," robust macroeconomic growth, and NVIDIA's AI-driven gains. Yet, if Citi's projections pan out, one of these legs is about to give way, at least momentarily. NVIDIA is slated to announce its latest quarterly earnings on the 22nd of May, 2024. While the past few earnings disclosures have seen NVIDIA's stock post outsized gains on the back of fierce AI-related tailwinds, the upcoming event might prove to be a deviation from this bullish pattern. To wit, Citi has now published its views on NVIDIA's […]
After successfully maintaining and leveraging a close relationship with one of the world's leading artificial intelligence software companies OpenAI, tech giant Microsoft is now aiming at the hardware end of the computing pie. At an analyst call yesterday, Microsoft's vice president of cloud computing and artificial intelligence, Scott Guthrie, shared that his firm will introduce AMD's accelerated computing products to customers for its Azure cloud computing platform and announce custom variants of Microsoft's in house Cobalt 100 chips at an upcoming conference. Guthrie's comments mark the latest developments in the Arm designed data center and personal computing semiconductor industry, where […]
SpaceX's Starship rocket will launch in June, according to its head of Starbase operations, Kathy Leuders. Leuders shared the latest updates for the Starship program earlier this week in Texas, soon after which SpaceX stacked the ship on the booster at the launch tower in Starbase. Starship's fourth test flight comes right as SpaceX demolishes a ship test pad close to the launch pad, in what appears to be an attempt to fully utilize the hardware rich aspect of its rocket development program. According to Leuders, SpaceX is yet to receive the FAA's launch license for Starship IFT-4, and the […]
Bitcoin has just received a resounding endorsement, and that too from an unexpected quarter. The former professional kickboxer and controversial social media star, Andrew Tate, has now publicized his intent to invest a significant amount of money in Bitcoin. I know I’m not supposed to do this in chaotic times but I’m about to leave fiat completely and ape over 100M into btc. And I’ll even prove I did it. I’m done with the banks. I’m done with their money. Done with the scams. Then I’m going boating. — Andrew Tate (@Cobratate) May 15, 2024 To wit, Tate has announced […]
