Apple is increasingly focusing on building its own devices and expanding its ecosystem by taking steps towards a more native experience for users and relying less on third-party accessories. While the Cupertino-based tech giant's HomePod and AppleTV have left quite the mark in the smart home category, it generally relies more on outsourcing cameras and other hardware for smart homes. Now, a new report suggests that the company intends to create a fully integrated experience by developing its own smart home accessories. Gurman hints about Apple working on making smart home products like security cameras for a more integrated experience […]
We’re continuing our Best of Black Friday posts today with a look at the best current deals on power stations and their respective bundle options. Folks across the country and beyond have been steadily investing more and more in the industry for a vari...
Blizzard has announced that two decades after its release, World of Warcraft is finally going to let players build a home and live in it. The feature has long been requested by WoW players and now it’s finally coming in the game’s next expansion.Read m...
Guild Wars 2: Janthir Wilds will receive the Godspawn update, adding a new 50-player boss battle, a new 10-player raid, and a legendary spear. Guild Wars 2: Janthir Wilds is getting the first major update "Godspawn" on November 19th, expanding the story with new story chapters The MMORPG Guild Wars 2 by ArenaNet is receiving its first major update for the Janthir Wilds expansion soon. It's the first of three major updates, and it'll land on November 19. The update will add new content to the game for the players. The Janthir Wilds expansion DLC was released in August this year, […]
Intel has now announced its earnings for the fourth quarter of 2023, broadly beating consensus expectations regarding its top-line and bottom-line metrics. Intel (NASDAQ: INTC) Earnings Release for the Fourth Quarter of 2023 For the three months that ended on the 31st of December 2023, Intel reported $15.40 billion in non-GAAP revenue, exceeding consensus expectations of $15.17 billion. Before looking at the actual performance of Intel's business units during the quarter, here are consensus analyst expectations for some of the company's key business segments: Here is the actual performance of Intel's business segments in Q4 2023: During Q4 2023, IFS […]
In a move that seeks to understand big tech's investments into A.I. as much as it can, the Federal Trade Commission (FTC) on Thursday asked mega caps Microsoft, Alphabet, Amazon, OpenAI and Anthropic to provide details about their partnerships with each other. Following the splash made by ChatGPT and the subsequent drama at OpenAI, the FTC stated in its press release that it aims to understand whether the deals will impact competition surrounding A.I. development. FTC Seeks Deep Reaching Questions From Microsoft & Amazon Over Their A.I. Investments Unlike Amazon's deals with Anthropic, OpenAI's status as a non-profit has complicated […]
Tesla has now announced its earnings for the fourth quarter of 2023, broadly missing consensus estimates for key financial metrics. Before delving straight into Tesla's financial performance for Q4 2023, do go over Wall Street's consensus expectations for key metrics summarized in the above chart. Tesla (NASDAQ: TSLA) Q4 2023 Earnings Tesla has reported $25.167 billion in revenue for the third quarter of 2023, missing consensus expectations of $25.722 billion (as per Tesla's IR-compiled consensus estimate). The following snippet summarizes the EV giant’s production activities during the quarter: Typically, the fourth quarter is the strongest sales period for Tesla, and […]
Tesla bulls, such as Future Fund's Gary Black, have repeatedly called on the EV giant to launch a cheaper model to better compete with the likes of BYD, which has now zoomed past Tesla to become the world's largest producer of electric vehicles. This call now appears closer than ever to being answered if the latest scoop from Reuters pans out. To wit, as per a Reuters report, Tesla has informed its suppliers that it wants to begin production of an entry-level $25,000 EV, dubbed "Redwood" internally, by June 2025. The company has already sent requests for price quotes to […]
With a little over a year having passed since generative artificial intelligence became a part of the public imagination, Google has shared upgrades to its Chrome browser that rely on the technology. Google, Microsoft-backed OpenAI, and Meta are among the handful of players in the big A.I. market right now. The industry requires vast computing power to expand machine learning's presence to the daily consumer, and Google's announcement also promises an A.I.-backed writing assistant for casual users soon. Google Set To Unveil A.I. Based Writing Assistant For Chrome Soon Google revealed the set of latest A.I. based upgrades to the […]
With Bitcoin firmly perched on a seemingly endless downward spiral, some in the wider crypto community have been quick to blame the increasing financialization of Bitcoin for this ongoing rout, courtesy of the just-launched spot Bitcoin ETFs in the US. In fact, Bitcoin seems to have entered a new bear market in less than two weeks after hitting a fresh multi-year high. However, in direct opposition to the prevailing sentiment, profit-taking is the prime instigator of this latest bout of weakness. Overall Flow stats for ALL Bitcoin ETPs since 11th Jan 2024: * New US ETFs: +$4,536m* GBTC Outflow: -$3,447m* […]
The market for weight loss drugs is big enough to allow a plethora of competitors to thrive, as per the prevailing thesis. And we are not just talking about GLP-1 agonists from heavyweights such as Novo Nordisk and Eli Lilly and Company but also newer concoctions, including Amylin-based treatment that is being championed by Zealand. However, it is the unusual agility that is being demonstrated by the reigning Goliaths in this sphere that continues to limit the ascendancy of upstarts. As our regular readers would know, we maintain a generally positive view of weight loss treatments that leverage GLP-1 agonists. […]
Elon Musk played a gambit when he resolved to turn the X social media platform into a creator's paradise, hoping to use a growing pool of quality content creators as the proverbial honeypot to retain and expand X's user base. Of course, to attract content creators, you need big bucks. And judging from MrBeast's latest payout, X is certainly enabling the requisite massive windfall. X's ad revenue-sharing program for content creators currently has just three requirements: Subscription to X Premium or association with a verified organization At least 5 million organic impressions on cumulative posts within the last 3 months […]
In the wake of an A.I. focused earnings call that saw its management stress that no matter what stage the artificial intelligence industry is, by the end of the year, TSMC will benefit from strong demand, the firm's shares have continued to post gains in the Taiwan and American stock markets. TSMC is entering a new era in its history with 2024, as the firm is now leading the global chip industry in producing advanced chips. At the same time, Intel, whose leadership has slipped lately, is also gearing up to launch products this year that it claims can outperform […]
The extravagantly hyped launch of some of the first spot Bitcoin ETFs in the US proved to be the nth iteration of the famous market-based adage: buy the rumor and sell the news. In fact, we had highlighted the utility of moving toward Ethereum in an auxiliary post at the time. Now, as Bitcoin seems poised to lose the $40,000 price level, some crypto bigwigs believe that the ongoing bout of weakness will last till the end of January 2024. In the immediate aftermath of the launch of spot Bitcoin ETFs in the US, the apex cryptocurrency had made a […]
Digital World (NASDAQ: DWAC), the Special Purpose Acquisition Company (SPAC) that is slated to take Truth Social's parent entity - Trump Media and Technology Group (TMTG) - public via a reverse merger, has given a potent signal today that the much-delayed business combination deal remains on track, lending its beleaguered shareholders a new lease on life. Digital World filed its first amendment to the Form S-4 back in November 2023. The amendment added a preliminary proxy statement and a prospectus to the Form S-4, indicating that the SPAC appeared to be moving ahead with its planned merger with Trump Media […]
Electric vehicle manufacturer Tesla is at the center of a bearish analyst note by one of its biggest fans, Morgan Stanley, who has reduced its share price target for the company. Tesla, the world's largest EV manufacturer, struggled during 2023 as high inflation coupled with a slow credit environment led to a sales slowdown. Now, Morgan Stanley believes that Tesla is in for more pain this year, as the bank reduces the firm's share price target by 9.2% to $345 from an earlier $380. Global EV Market Is Facing Demand Supply Mismatch Says Morgan Stanley As Part Of Its Tesla […]
Intel has now announced its earnings for the fourth quarter of 2023, broadly beating consensus expectations regarding its top-line and bottom-line metrics. Intel (NASDAQ: INTC) Earnings Release for the Fourth Quarter of 2023 For the three months that ended on the 31st of December 2023, Intel reported $15.40 billion in non-GAAP revenue, exceeding consensus expectations of $15.17 billion. Before looking at the actual performance of Intel's business units during the quarter, here are consensus analyst expectations for some of the company's key business segments: Here is the actual performance of Intel's business segments in Q4 2023: During Q4 2023, IFS […]
In a move that seeks to understand big tech's investments into A.I. as much as it can, the Federal Trade Commission (FTC) on Thursday asked mega caps Microsoft, Alphabet, Amazon, OpenAI and Anthropic to provide details about their partnerships with each other. Following the splash made by ChatGPT and the subsequent drama at OpenAI, the FTC stated in its press release that it aims to understand whether the deals will impact competition surrounding A.I. development. FTC Seeks Deep Reaching Questions From Microsoft & Amazon Over Their A.I. Investments Unlike Amazon's deals with Anthropic, OpenAI's status as a non-profit has complicated […]
Tesla has now announced its earnings for the fourth quarter of 2023, broadly missing consensus estimates for key financial metrics. Before delving straight into Tesla's financial performance for Q4 2023, do go over Wall Street's consensus expectations for key metrics summarized in the above chart. Tesla (NASDAQ: TSLA) Q4 2023 Earnings Tesla has reported $25.167 billion in revenue for the third quarter of 2023, missing consensus expectations of $25.722 billion (as per Tesla's IR-compiled consensus estimate). The following snippet summarizes the EV giant’s production activities during the quarter: Typically, the fourth quarter is the strongest sales period for Tesla, and […]
Tesla bulls, such as Future Fund's Gary Black, have repeatedly called on the EV giant to launch a cheaper model to better compete with the likes of BYD, which has now zoomed past Tesla to become the world's largest producer of electric vehicles. This call now appears closer than ever to being answered if the latest scoop from Reuters pans out. To wit, as per a Reuters report, Tesla has informed its suppliers that it wants to begin production of an entry-level $25,000 EV, dubbed "Redwood" internally, by June 2025. The company has already sent requests for price quotes to […]
With a little over a year having passed since generative artificial intelligence became a part of the public imagination, Google has shared upgrades to its Chrome browser that rely on the technology. Google, Microsoft-backed OpenAI, and Meta are among the handful of players in the big A.I. market right now. The industry requires vast computing power to expand machine learning's presence to the daily consumer, and Google's announcement also promises an A.I.-backed writing assistant for casual users soon. Google Set To Unveil A.I. Based Writing Assistant For Chrome Soon Google revealed the set of latest A.I. based upgrades to the […]
With Bitcoin firmly perched on a seemingly endless downward spiral, some in the wider crypto community have been quick to blame the increasing financialization of Bitcoin for this ongoing rout, courtesy of the just-launched spot Bitcoin ETFs in the US. In fact, Bitcoin seems to have entered a new bear market in less than two weeks after hitting a fresh multi-year high. However, in direct opposition to the prevailing sentiment, profit-taking is the prime instigator of this latest bout of weakness. Overall Flow stats for ALL Bitcoin ETPs since 11th Jan 2024: * New US ETFs: +$4,536m* GBTC Outflow: -$3,447m* […]
The market for weight loss drugs is big enough to allow a plethora of competitors to thrive, as per the prevailing thesis. And we are not just talking about GLP-1 agonists from heavyweights such as Novo Nordisk and Eli Lilly and Company but also newer concoctions, including Amylin-based treatment that is being championed by Zealand. However, it is the unusual agility that is being demonstrated by the reigning Goliaths in this sphere that continues to limit the ascendancy of upstarts. As our regular readers would know, we maintain a generally positive view of weight loss treatments that leverage GLP-1 agonists. […]
Elon Musk played a gambit when he resolved to turn the X social media platform into a creator's paradise, hoping to use a growing pool of quality content creators as the proverbial honeypot to retain and expand X's user base. Of course, to attract content creators, you need big bucks. And judging from MrBeast's latest payout, X is certainly enabling the requisite massive windfall. X's ad revenue-sharing program for content creators currently has just three requirements: Subscription to X Premium or association with a verified organization At least 5 million organic impressions on cumulative posts within the last 3 months […]
In the wake of an A.I. focused earnings call that saw its management stress that no matter what stage the artificial intelligence industry is, by the end of the year, TSMC will benefit from strong demand, the firm's shares have continued to post gains in the Taiwan and American stock markets. TSMC is entering a new era in its history with 2024, as the firm is now leading the global chip industry in producing advanced chips. At the same time, Intel, whose leadership has slipped lately, is also gearing up to launch products this year that it claims can outperform […]
The extravagantly hyped launch of some of the first spot Bitcoin ETFs in the US proved to be the nth iteration of the famous market-based adage: buy the rumor and sell the news. In fact, we had highlighted the utility of moving toward Ethereum in an auxiliary post at the time. Now, as Bitcoin seems poised to lose the $40,000 price level, some crypto bigwigs believe that the ongoing bout of weakness will last till the end of January 2024. In the immediate aftermath of the launch of spot Bitcoin ETFs in the US, the apex cryptocurrency had made a […]
Digital World (NASDAQ: DWAC), the Special Purpose Acquisition Company (SPAC) that is slated to take Truth Social's parent entity - Trump Media and Technology Group (TMTG) - public via a reverse merger, has given a potent signal today that the much-delayed business combination deal remains on track, lending its beleaguered shareholders a new lease on life. Digital World filed its first amendment to the Form S-4 back in November 2023. The amendment added a preliminary proxy statement and a prospectus to the Form S-4, indicating that the SPAC appeared to be moving ahead with its planned merger with Trump Media […]
Electric vehicle manufacturer Tesla is at the center of a bearish analyst note by one of its biggest fans, Morgan Stanley, who has reduced its share price target for the company. Tesla, the world's largest EV manufacturer, struggled during 2023 as high inflation coupled with a slow credit environment led to a sales slowdown. Now, Morgan Stanley believes that Tesla is in for more pain this year, as the bank reduces the firm's share price target by 9.2% to $345 from an earlier $380. Global EV Market Is Facing Demand Supply Mismatch Says Morgan Stanley As Part Of Its Tesla […]