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China Berates Biden For New Order Limiting US Overseas Tech Investment: 'Seriously Disrupts The Security...'
Wednesday, August 9, 2023 - 11:11pm | 393China has voiced concerns over President Joe Biden‘s recent executive order regulating U.S. technology investments overseas, CNBC reports. The response from the Chinese Commerce Ministry came hours after Biden announced the decision to target “countries of concern” for national...
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How US Microchips Continue To Empower Russia's Military Despite Sanctions
Monday, August 7, 2023 - 2:58am | 352Western microchips, crucial for modern warfare, continue to fuel Russia’s military arsenal despite sanctions, reports CNBC. Trade data reveals that Russia imported $2.5 billion worth of semiconductor technologies in 2022, an increase from $1.8 billion in 2021. These imports are primarily...
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Nvidia Investors Need A Reality Check, Focus On Risks Facing Global Chip Industry: FT
Wednesday, July 26, 2023 - 12:17am | 490Despite Nvidia’s share price tripling this year, Asian chipmakers, who manufacture all of Nvidia’s chips, have reported their lowest earnings in years, an opinion piece carried by Financial Times reports. Unprecedented Demand, Limited Output: Expectations of unprecedented demand for...
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China Restricts Exports Of Semiconductor Metals In Latest Escalation Of Battle With US Over AI Tech
Monday, July 3, 2023 - 3:43pm | 577In what is seen as a significant countermove to the U.S. and others’ restrictions on high-end chips and chip-making equipment sales to China, Beijing has declared export restrictions Monday on products and materials containing gallium and germanium, potentially escalating an ongoing...
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US Needs 10-Year Chip Export Curbs To Grow Lead Over China — Expert Says 'Short Run' Strategy May Not Work
Friday, December 16, 2022 - 5:17am | 396As the US-China chip dispute escalates, an expert has warned that Washington would need at least a decade of export curbs to grow the lead over Beijing in the semiconductor space. What Happened: The Biden administration, in October, unveiled sweeping export controls on chips, a comprehensive...
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Elon Musk Says His Neuralink Chip Could Treat Paralysis, Stroke And Brain Injury
Sunday, April 24, 2022 - 12:43pm | 648Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's startup Neuralink brain chip could help treat morbid obesity; that's what Musk believes. Echoing Musk's statement, scientists say it's not an impossibility. Responding to a Twitter post on the same line, Musk said that it is...
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Apple's Computerized Glasses Will Run On Mac Chips, Launch At The End of 2022
Saturday, November 27, 2021 - 4:50pm | 265The much-awaited Apple Inc (NASDAQ: AAPL) will launch its computerized glasses at the end of 2022; that's according to analyst Ming-chi Kuo. Kuo says the glasses will run on MacBook chips, and the processing power will help the glasses stand out from competitors. He indicates...
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Why Investors Need Not Worry About General Motor's Stock
Wednesday, August 4, 2021 - 3:43pm | 338General Motors Company (NYSE: GM) is having its worst day in the markets since March 2020. The slide in the stock is a result of the chip shortage and investors shouldn't be worried, Cerity Partners' Jim Lebenthal said Wednesday on CNBC's "Fast Money Halftime Report....
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Fintech Focus For June 29, 2021
Monday, June 28, 2021 - 5:51pm | 1864Quote To Start The Day: “Don't be afraid to give up the good to go for the great.” Source: John D. Rockefeller One Big Thing In Fintech: Randal Quarles, the Federal Reserve’s vice chair for supervision, is out with a new speech on digital money and the main gist is that he...
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Fintech Focus For May 28, 2021
Thursday, May 27, 2021 - 9:26pm | 2153Quote To Start The Day: “The greatest weapon against stress is our ability to choose one thought over another.” Source: William James One Big Thing In Fintech: Mint is the most downloaded personal finance app by some margin, and it’s also the greediest for your data. However,...
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Fintech Focus For December 1, 2020
Monday, November 30, 2020 - 6:07pm | 1524Quote To Start The Day: Whatever you do, do it well. Source: Walt Disney One Big Thing In Fintech: Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year’s biggest acquisition that will create a new data powerhouse...
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Fintech Focus For November 27, 2020
Thursday, November 26, 2020 - 8:02pm | 1695Quote To Start The Day: Be polite, be professional, but have a plan to kill everybody you meet. Source: James Mattis One Big Thing In Fintech: Robinhood, creator of the popular stock-trading app of the same name, announced on Friday that Vlad Tenev will be the company's sole chief executive,...
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Fintech Focus For September 15, 2020
Monday, September 14, 2020 - 6:12pm | 2003Quote Of The Day: Be yourself; everyone else is already taken. - Oscar Wilde Fintech Movers: In August 2020, FinTech startups worldwide raised $2.80 billion worth of VC/PE investments across 220 deals. In terms of MoM trends, there was an increase of 1.4% from the $2.76 billion raised by FinTechs...
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Fintech Focus For September 9, 2020
Tuesday, September 8, 2020 - 7:02pm | 2210Quote Of The Day: We have seen peak rebound. - Joachim Fels Fintech Movers: Defi is not even close to the ICO hype bubble level yet. Bubbles are usually the result of a euphoric retail crowd running ahead of itself. - Coindesk BSP pushes digital bank framework. Policygenius a fast-growing fintech...
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Fintech Focus For July 22, 2020
Wednesday, July 22, 2020 - 7:57am | 2044Daily Perspective: Your time is limited, so don’t waste it living someone else’s life. - Steve Jobs Fintech Movers: DARPA-backed blockchain analytics firm CipherTrace today unveiled “predictive capabilities” for its crypto tracing software—a move designed to better...