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 »
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 »
New Mexico has unveiled its plan at the Conference of Parties (COP28) in Dubai to channel wastewater from the oil and gas industry to fuel water-intensive clean energy ventures such as electric vehicles (EV) and solar production. Behind Texas, New Mexico is the US’s second-largest crude and gas producer, bringing significant water during operations, which …
New Mexico Aims to Channel Fracking Wastewater to Production Read More »
Take-Two Interactive Software Inc.’s video game developer Rockstar Games Inc. has unveiled the teaser clip for its long-awaited Grand Theft Auto (GTA) VI, the next chapter to its popular GTA franchise. The trailer announced that GTA VI will be launched in 2025 and came after an early leak this week surfaced on social media, showing …
Rockstar Games Releases ‘GTA VI’ Trailer After Early Leak Read More »
On Monday, Palantir Technologies (PLTR) snapped its four-session rally after analysts warned that the government has started exploring open-source options. Palantir’s stock plunged 9.23% to $18.41 per share on December 04 amid investor skepticism about the firm’s government contracts. Analysts also forecast a further retreat of 0.71% to $18.28 apiece in the following market session. …
Palantir Crashes as Clients Turn to Open-Source Alternatives Read More »
Indian startup MoveInSync Technology Solutions Pvt. Ltd. is reportedly in talks with investors to raise money amid sluggish dealmaking activity in the country. People familiar with the matter said the Bangalore-based end-to-end transport system is seeking fresh funding of about $50 million to $60 million, with part of it to offer early investors a partial …
MoveInSync Reportedly Aiming to Raise $50M-$60M in New Funds Read More »
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