Tech companies are now turning to nuclear plants to directly power data centers, driven by the need for clean energy to fuel artificial intelligence. This move has raised concerns among some utilities regarding the potential strain on the electric grid. With the growing power requirements of data centers, which can reach up to a gigawatt,
Innovation
Automaker Stellantis has recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company shifts its focus to the newer generation of the Ram 1500, which has been in production since
JPMorgan Chase, the largest U.S. bank by assets, has recently introduced a generative artificial intelligence assistant called LLM Suite to tens of thousands of its employees. This move is part of the bank’s broader plan to integrate this technology throughout its operations. The software, which is already available to over 60,000 employees, aims to assist
Delta Air Lines recently reported that the CrowdStrike outage in the previous month resulted in a financial loss of approximately $550 million. The airline stated that this cost includes a $380 million revenue decline in the current quarter due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, Delta incurred
Eli Lilly’s second-quarter earnings report for this year has exceeded expectations, leading to a significant increase in their full-year revenue outlook. The company reported impressive sales figures for its diabetes drug Mounjaro and weight loss injection Zepbound, causing its stock price to surge in premarket trading. With a revised guidance for adjusted earnings and revenue
Yum Brands, the parent company of well-known fast–food chains like Pizza Hut, KFC, and Taco Bell, faced a challenging quarter with declining same-store sales at both Pizza Hut and KFC. The impacts from the Middle East conflict and a more cost-conscious consumer have presented headwinds to same-store sales, according to Yum CEO David Gibbs. This
Zircuit, a ZK rollup platform with AI-enabled sequencer-level security, has officially launched its Mainnet Phase 1, marking a significant milestone for the project. The release includes the introduction of the Zircuit Mainnet Festival, a unique program that rewards users with ZRC tokens and the opportunity to win exciting prizes based on gas spent on the
Jeff Bezos, the billionaire behind Amazon, has been garnering attention not just for his extravagant purchases like luxury homes and yachts, but also for his significant investments in artificial intelligence (AI). Through his family office, Bezos Expeditions, he has directed all investments this year towards AI projects, as revealed by exclusive data from FINTRX, a
Pop Mart, a Chinese toy company, has managed to buck the trend of reduced consumer spending over the summer by reporting impressive double-digit growth in the first half of the year. This growth has exceeded expectations, with revenue projected to increase by at least 55% and profits by 90% or more. The stock market responded
Over 14 years ago, Bitcoin could be acquired for a mere $0.05, according to Bitcoin historian Pete Rizzo. This seemingly insignificant value stands in stark contrast to Bitcoin’s current market price of over $60,000. The evolution and mainstream adoption of Bitcoin over the years have been nothing short of remarkable. In 2010, Bitcoin was still