Elon Musk’s decision to rebrand Twitter’s name to X signifies his goals to create what he terms an ‘everything app’. Musk explained, “Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the ‘everything app’. This is not simply a company renaming itself, but doing the same thing.” Musk…
Intel stock declined by 6% after it gave investors an update about its turnaround plan to become a chip manufacturing firm competing with the Taiwan Semiconductor Manufacturing Company. Intel’s Chief Financial Officer David Zinsner explained how Intel would soon change the way it reports its financial results to give its foundry business, IFS, its own profit-and-loss…
The CEO of open-source AI Company, Stability AI, is of the opinion that artificial intelligence will be the biggest bubble of all time. Stability AI CEO Emad Mostaque expressed, “I think this will be the biggest bubble of all time. AI is still at the very early stages and not ready for mass-scale adoption in…
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan said that Saudi Arabia may soon invest in Iran after a breakthrough agreement between the two nations for reestablishing diplomatic ties. Al-Jadaan said, “When people really stick to the principles of what was agreed, I think that investments into Iran and vice-versa could start very quickly. Our aim and…
