Oracle Chairman Larry Ellison made a surprise announcement about the company’s decision to move its headquarters to Nashville, Tennessee. Ellison highlighted the move as a strategic decision to be closer to a major health-care epicenter. The company plans to establish a huge campus in Nashville that will serve as its new world headquarters. According to
Enterprise
Jack Dorsey, the CEO of Block (previously known as Square), has recently announced plans to broaden the company’s bitcoin mining ambitions. In a recent post, Block revealed that they have successfully developed their own standalone three-nanometer bitcoin mining chip and are now in the process of finalizing the design with a “leading global semiconductor foundry.”
The Philippines’ Securities and Exchange Commission (SEC) has taken decisive action against cryptocurrency exchange Binance by ordering Google and Apple to remove the Binance app from their respective app stores. The regulator cited concerns about the security of Filipino investors’ funds and accused Binance of offering unregistered securities and operating as an unregistered broker, in
Tesla, the U.S. electric vehicle (EV) giant, recently made headlines by cutting the starting price of its Model 3 in China to 231,900 yuan ($32,000). This move represented a 14,000 yuan reduction and was part of a larger strategy to remain competitive in the market. Additionally, Tesla also slashed prices in other major markets, such
Bitcoin network recently completed its fourth “halving,” marking a significant milestone in the world of cryptocurrency. The rewards earned by miners have been reduced to 3.125 bitcoins from 6.25. This event has generated a lot of buzz in the market as investors eagerly anticipate the potential impact on the price of bitcoin in the coming
ASML, the Netherlands’ chip-equipment maker, has expressed concerns about the country’s recent decisions regarding labor migration restrictions and tax breaks. In a statement from ASML CEO Peter Wennink, the company emphasized the importance of skilled migrants for innovation, threatening to relocate if necessary measures were not taken to support growth. The company’s EUV machines play
Tesla CEO Elon Musk recently sent an internal email to company staffers addressing the issue of incorrectly low severance packages that were sent out to laid-off workers. Musk acknowledged the mistake in the email and stated that the error is being corrected immediately. This incident comes after Tesla announced plans to cut over 10% of
Recently, Tesla announced that it would be laying off 285 employees in the state of New York as part of a broader restructuring effort. Most of these employees were based at the company’s Buffalo factory, with a few others working at a store and service center in the area. This move comes as part of
In a recent announcement, Andreessen Horowitz revealed that it has raised a total of $7.2 billion across five different funds. This news comes as a sign of optimism in the tech startup world, which has faced challenges in recent years due to a lack of significant exits. The firm’s co-founder, Ben Horowitz, described this milestone
Tesla recently announced a significant layoff of more than 10% of its global workforce, a decision that was conveyed to employees through a memo from CEO Elon Musk. This move was justified as a means to prepare the company for the next phase of growth by focusing on cost reductions and enhancing productivity. While restructuring