In a recent development, U.S. government researchers paid a visit to a South Korean mine to assess the progress towards increasing the supply of tungsten, a critical metal used in various industries. This visit marks a significant step in the efforts to reduce dependence on China, which currently dominates over 80% of the global tungsten
Elon Musk’s artificial intelligence startup, xAI, has been making headlines in Memphis, Tennessee, but not for the reasons the company would hope for. Environmental and health advocates are accusing xAI of exacerbating the pollution problem in the area by using natural gas burning turbines at its new data center without the necessary permits. This has
In the midst of an inflation-fueled sales slump hitting the toy industry in 2024, Lego stands out as a beacon of success. The Danish toymaker reported a 13% increase in revenue during the first six months of the year, reaching 31 billion Danish krone, or approximately $4.65 billion. This growth can be attributed to the
Brazilian mining giant Vale made headlines this week with its announcement of a new chief executive officer. The company’s chairman revealed that the decision was made to quell market speculation surrounding potential candidates for the position. This move was seen as a strategic decision to bring clarity to the leadership transition process and to reassure
When analyzing the information provided, it is clear that Nvidia has experienced significant growth in the past year. The stock has surged 159% in 2024 alone, which is an impressive feat. Despite this remarkable performance, the stock is still 8.8% from its June 20 high, indicating some potential resistance at that level. The fact that
The overall sentiment in the Asian markets on Wednesday appears to be cautious, primarily due to two key factors. These factors are likely to keep the markets within narrow trading ranges. The concerns revolve around the uncertainty surrounding the U.S. economy and the pending earnings report from Nvidia. Despite the marginal increase in U.S. and
As the summer months wind down and the fall season approaches, Broadway has seen a slight decline in total grosses. Last week’s numbers showed a decrease of approximately 10% from the previous week, bringing the total gross to $25,343,599. This decline can be attributed to a variety of factors, including the summer edition of Kids’
The partnership between Volkswagen and Xpeng marks a significant step towards the creation of electric cars tailored for the Chinese market. With Volkswagen’s $700 million investment in Xpeng, the two companies are working together to develop two electric vehicles for release in China by 2026. The collaboration involves Volkswagen staff spending time at Xpeng’s offices,
The world has seen a staggering 95% increase in the population of crypto millionaires over the past year. This surge is directly tied to the rise in popularity of bitcoin exchange-traded funds and other crypto assets. According to a report by New World Wealth and Henley & Partners, there are now 172,300 individuals globally who
The rise of artificial intelligence has sparked a surge in demand for more powerful processors and the increased energy required to cool data centers. This presents a unique opportunity for Sustainable Metal Cloud, a data center company that has pioneered the concept of “sustainable AI factories” using innovative technologies. With their HyperCubes deployed in Singapore