Fed Chair Powell Says No Digital Dollar Under His Watch
In a startling revelation, the chairman of the Federal Reserve System, Jerome Powell, testified before the Senate Banking Committee and voiced his concerns about a Central Bank Digital Currency (CBDC) in the United States of America. During the hearing, Senator Bernie Moreno of Ohio asked Powell directly, “Something that concerns me a lot is the…
Sumit
US’ Lam Research To Invest in India’s Chip-Making Industry
India has emerged as one of the most ambitious countries pushing the semiconductor revolution within. Now, the country has got a big push after American chipmaking company Lam Research announced that it will invest around ₹ 10,000 crore to help India develop a reliable chipmaking ecosystem. India’s Union IT Minister, Ashwini Vaishnaw, revealed information about…
Shubham Goyal
After Twitter, OpenAI’s Up Next for Tesla CEO Elon Musk
Elon Musk, CEO of Tesla and the world’s wealthiest individual, has proposed a $97.4 billion offer to acquire OpenAI. This move intensifies the ongoing power conflict between Musk and OpenAI’s CEO, Sam Altman, regarding the future of technology. The consortium making the offer includes Musk’s xAI, investment firm Vy Capital, and Hollywood mogul Ari Emanuel. …
ABHYUDAYA MITTAL
American Financial Watchdogs Ordered to Cease Activities
Employees of the Consumer Financial Protection Bureau were instructed to cease all of their operations and all stakeholder engagement effective immediately after receiving an email from the director of the Office of the Management and Budget, Russell Vought, on Saturday evening. Russell Vought was also named to lead the Office of Management and Budget, and…
Vipin
Google Scraps its Diversity-Based Hiring Project
In January, the owner company of the biggest social media platforms in the world, Meta, announced that it would be ending its DEI programs, including the ones for hiring, training and picking suppliers. They announced an internal memo. After this move by Meta, Alphabet’s Google was quick to follow suit and announced that it would…
Shein, Temu, and Amazon to Increase Prices, Report Says
Recently, the USPS (United States Postal Services) temporarily suspended every inbound parcel from China and Hong Kong posts under further notice, according to the USPS website. However, the website also mentioned that the suspension will not affect the flow of letters coming from China or Hong Kong. Many people believe that this is tied to…
Vikas
President Donald Trump’s Tariff Plan Hits a Roadblock
Donald Trump suspended his plans to impose steep tariffs on Mexico and Canada on Monday. In return for talks on border and crime enforcement with the neighboring countries, he agreed to a 30-day pause. However, tariffs on China are still to take effect on Tuesday. The leaders of both neighboring countries, Canadian Prime Minister Justin…
yash sharma
Talos Energy to Name Paul Goodfellow their New CEO
Talos Energy, the fifth-largest oil and natural gas producer in the USA, is about to appoint its new CEO. According to Mint and its sources, the company is expected to name veteran Shell executive Paul Goodfellow as its next CEO. The sources say Goodfellow, the chief internal auditor at Shell, will be appointed as soon…
Suryansh
SoftBank to Invest $25 Billion on OpenAI Ahead of Stargate
OpenAI, one of the biggest artificial intelligence companies in the world, has long been in a money-raising frenzy. Now, it is in talks with SoftBank, a Japanese conglomerate, to raise around $25 billion, as per three people familiar with the development. This money might cover OpenAI’s commitment to the $100 billion data center project Stargate,…
Nvidia’s Future in Jeopardy, China takes Center Stage
Shares of the chipmaking giant Nvidia plunged on Monday following an announcement by a Chinese firm. This marked the worst day for chipmaker’s shares after the global market sell-off in 2020 due to the pandemic. The plunge is the direct result of the advances claimed by a Chinese startup and a global share sell-0f over…