India has set its sights on becoming one of the top five semiconductor producers in the world within the next five years, according to Ashwini Vaishnaw, the minister of electronics and information technology. This ambitious goal comes as global value chains in the chip industry become increasingly complex. With Taiwan currently holding the largest share
Enterprise
Norway has become a global leader in electric vehicle (EV) adoption, with a remarkable 82% of new cars sold in 2023 being electric. This impressive rate of adoption can largely be attributed to the generous subsidies offered by the Scandinavian country to EV owners, as well as its significant investment in charging infrastructure. These crucial
Reddit, a platform known for its user-generated content and online forums, has recently come under scrutiny from the Federal Trade Commission (FTC) regarding its data-licensing business. The company’s attempt to monetize its data through the training of artificial intelligence systems has raised concerns about privacy, intellectual property, and regulatory compliance. The FTC’s non-public inquiry into
Tesla, the electric vehicle maker, recently settled a racist discrimination lawsuit with a former employee, Owen Diaz. Diaz, a Black man who worked as an elevator operator at Tesla’s Fremont, California factory in 2015, had initially been awarded $3.2 million in damages by a federal jury. However, the terms of the settlement reached between Diaz
Recently, an Indiana jury found Tesla and one of its employees partially liable for a 2017 crash involving a company-owned Ford truck and a motorcycle. This tragic incident left the motorcyclist with a partial amputation, permanent disfigurement, and a traumatic brain injury. The jury ordered Tesla and the employee, Kyle Kaszuba, to pay over $42
The tech world is on edge with the recent escalation of tensions between two of its most prominent figures: Elon Musk and Sam Altman. Once comrades-in-arms who co-founded OpenAI, an organization dedicated to developing safe and beneficial artificial intelligence, the two visionaries are now embroiled in a bitter feud that could have profound repercussions for
In a recent interview with CNBC, Palantir CEO Alex Karp unleashed a scathing critique of short sellers, accusing them of attempting to profit off the downfall of successful American companies. Karp expressed a visceral satisfaction in witnessing short sellers endure losses, stating that depriving them of their profits was akin to taking away their “lines
Michael Saylor, the CEO of MicroStrategy, has been on a buying spree when it comes to Bitcoin. His recent announcement of purchasing another 12,000 Bitcoins for $822 million sent shockwaves through the market. This brings MicroStrategy’s total Bitcoin holdings to a staggering 205,000, valued at over $15 billion. The company’s shares have been closely tied
When Tesla CEO Elon Musk filed a lawsuit against OpenAI earlier this month, claiming breach of contract, the startup wasted no time in responding. OpenAI has challenged the foundational claim made by Musk in his complaint, stating that there is no actual “founding agreement” as claimed by Musk. This has sparked a legal battle between
The relationship between the U.S. and China has been in flux for some time now, with the U.S. taking steps to limit the influence of Chinese companies within its borders. Steven Okun, founder and CEO of consultancy APAC Advisors, highlighted that “the decoupling is really in full force,” indicating a clear trajectory towards stricter measures