On Thursday, Nikola (NKLA) stock tumbled after the automaker disclosed plans to raise capital through a $300.00 million share offering. Nikola shares plunged by -23.39% to $0.75 apiece on December 07 amid rising investor dissatisfaction. However, market analysts anticipate a 1.33% recovery to $0.76 per share in the coming session. In total, the price for …
Nikola Stock Sinks After Share Offering Announcement Read More »
On Friday, oil prices increased amid production cuts, high US stockpiles, and worries of weakening demand battered markets. In the Asian afternoon session, West Texas Intermediate (WTI) futures for January delivery climbed by 2.11% to $70.80. Brent futures expiring in February increased by 2.24% to $75.71 per barrel. Despite the rebound, both benchmarks slipped to …
Oil Prices Recover Ahead US Economic Data and Export Curbs Read More »
US tech giant Meta Platforms Inc. has introduced Purple Llama, an umbrella project for creating secure artificial intelligence (AI) systems using generative AI (genAI) tools. The Facebook parent said the toolkit was built to address AI challenges that developers are unable to tackle on their own, offering them equal opportunity and allowing the company to …
Meta Unveils ‘Purple Llama’ Aimed at Safe GenAI Development Read More »
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The Denmark-based brokerage firm Saxo Bank, recorded a rise in its foreign exchange trading volume in November, hitting $118.6 billion. This indicated a 5.4% surge when compared to October’s figures. Despite a 14% year-over-year drop in forex trading volume last month, the number was the highest in the preceding five months. The daily average forex …
US search giant Google LLC has officially launched Gemini, its latest artificial intelligence (AI) model that is expected to surpass the capabilities of OpenAI Inc.’s GPT-4. Developed by the company’s DeepMind Technologies Ltd., the new large language model (LLM) has been improved to work with various sizes and use cases. Gemini’s suite of multimodal tools …
Google Launches New AI Model ‘Gemini’, A Possible GPT-4 Rival Read More »
Oil prices extended their losing streak to five sessions on Wednesday as traders doubted whether OPEC+ would honor their pledged production reductions. The US West Texas Intermediate (WTI) crude oil January futures closed 4.07% lower at $69.38 per barrel, its lowest price since June. However, industry watchers anticipate a slight 0.66% rebound to $69.84 in …
Oil Falls to Six-Month Low Amid OPEC+ Skepticism Read More »
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