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Ford Was America’s Best-Selling Brand in Q1 Even as EV Sales Fell
Ford (NYSE: F) sold 456,972 vehicles in America in the first quarter of 2023 which made it the best-selling brand. The company’s EV (electric vehicle) sales meanwhile plummeted and it fell to the fifth rank in electric car sales. Ford’s... -
Update on Cryptocurrency Industry: Regulatory Developments and Market Trends
The cryptocurrency sector has been facing severe measures by US regulators and policymakers are keenly watching the cryptocurrency market. It is worth mentioning that Commodities Futures Trading Commission (CFTC) filed official charges against Binance for allegedly violating the Commodity Exchange... -
Gucci and Yuga Labs Announce the Launch of NFT-Tied Otherside-Themed Jewelry
Luxury fashion brand Gucci has announced a metaverse-based partnership with Yugo Labs to launch the Otherside-themed jewelry that will blur the gap between the real and virtual worlds. Gucci & Yuga Labs Collaboration: A New Path for Luxurious Digital Fashion... -
Bitcoin Ordinals Set New Record in Daily Inscriptions Due to BRC-20 Tokens
Due to the recent launch of the BRC-20 token standard, the Bitcoin Ordinals reached a new high of 58,179 inscriptions on April 2, breaking the previous record of 31,692 set on March 9. Bitcoin Ordinals Hit New Price Level The... -
Tesla Q1 Deliveries Rise to Record High but Fall Short of Estimates
Tesla (NYSE: TSLA) reported its deliveries for the first quarter of 2023 yesterday. While the company’s deliveries rose to a new record they fell short of what the market was expecting. Tesla produced 440,808 cars in the first quarter and... -
FTX Collapse Sparks Surge in Demand for Ledger’s Secure Storage Solutions and $100 Million Funding Round
FTX, a cryptocurrency exchange, declared bankruptcy on November 11, 2022. However, the reason could be associated with the fact that numerous consumers withdrew their funds, and the company did not have sufficient reserve assets to fulfill their demands. Thereby, Sam... -
ChatGPT Creator OpenAI Slammed by FTC for Violating Privacy and Public Safety Laws
OpenAI faces new accusations from the Federal Trade Commission (FTC) for deploying large artificial intelligence (AI) models that are biased, deceptive, disrupt privacy, and violate public safety laws. FTC Proposes an Immediate Halt of GPT Rollouts The nonprofit research organization... -
Nikola Stock Sinks after Announcing Yet Another Capital Raise
Nikola stock (NYSE: NKLA) fell over 6.5% yesterday after the company announced a $100 million capital raise, its second round of stock sale in less than a year. Citi is the sole book-running manager for the issue and Nikola would... -
Elon Musk and Other Tech Executives Calls for Pause on All AI Experiments
More than 1,300 tech leaders, including Elon Musk, have signed an open letter calling for a pause on experiments on artificial intelligence (AI) systems for six months, citing severe risk to humanity and its entirety. Union of Tech Gurus Against... -
Former FTX Co-Founder, Sam Bankman-Fried, Accused of Paying $40 Million in Bribes to Unfreeze Alameda Research Accounts by Chinese Government Official
Federal prosecutors have charged Sam Bankman-Fried, a former co-founder of FTX, with paying $40 million in bribes to a Chinese government official. However, the alleged bribery was an attempt to unfreeze accounts belonging to Alameda Research, SBF's hedge fund, after...
