Technology
UK plans $95 million hydrogen gigafactory to produce components for vehicles
A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A U.K.-headquartered firm said Monday it was building an £80 million ($95.9 million) “gigafactory” specializing in the manufacture […]
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TikTok owner ByteDance explores self-designed chips as China aims for semiconductor self-sufficiency
While ByteDance is best known for its viral social media app TikTok, the Beijing-based company is now bolstering its ability in semiconductor design. ByteDance won’t be manufacturing chips to sell to others, but it will be designing semiconductors that it requires for specific applications internally. Artur Widak | Nurphoto | Getty Images TikTok owner ByteDance […]
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Twitter fires back at Elon Musk’s attempt to delay trial
Elon Musk may tweet about the Twitter deal but not “disparage the company or any of its representatives,” according to a securities filing. Jakub Porzycki | Nurphoto | Getty Images Elon Musk and Twitter continued sparring on Monday, with the social media company slamming the Tesla CEO’s request for a slower trial schedule. Musk is […]
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Amazon faces probe by federal prosecutors and OSHA into warehouse safety
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images Federal prosecutors in New York and the Occupational Safety and Health Administration are inspecting a handful of Amazon warehouses as part of […]
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Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether
New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have […]
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IBM second-quarter results beat on top and bottom lines
IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images IBM issued second-quarter results on Monday that were better than expected. However, the stock dropped in extended trading after the company trimmed its forecast for cash flow. […]
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Smartphone shipments fell 9% in Q2, but Apple iPhone remains in high demand despite inflation pressure
Customers look at the iPhone13 smartphones at apple’s flagship store in Shanghai, China. Xing Yun | Future Publishing | Getty Images Shipments of Apple’s iPhone remain strong despite regional uncertainty and economic headwinds that dragged global phone shipments down 9% year over year in the second quarter, according to new data from research firm Canalys. […]
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Coinbase pops 17% as cryptocurrencies like bitcoin and ether rally
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of Coinbase popped 17% on Monday as cryptocurrencies like bitcoin and ether rallied. Bitcoin, the world’s largest cryptocurrency, was trading at $22,269, up around […]
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How 99-year-old publisher Time is leading legacy media into the NFT future
Time magazine covers Eric Baradat | AFP | Getty Images NFTs, or non-fungible tokens, have become, perhaps, the most controversial piece of the crypto conversation, evoking both passionate criticism and praise as Web3 becomes a bigger part of popular culture. Able to shut out the noise on both sides of the argument is an unlikely […]
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Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 9%
Bitcoin and cryptocurrency prices have been under pressure in 2022 with traders feeling the fallout from a number of major collapses in the industry. Selim Korkutata | Anadolu Agency | Getty Images Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that […]
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