Business Archives - Page 93 of 123

North Korea reportedly launches two ballistic missiles

Posted on February 20, 2023 by Priyanka Patil |

According to officials, the most recent missile launch by North Korea in recent days was the launch of two ballistic missiles into the waters off the east coast of the Korean Peninsula. According to a statement, the Defense Ministry of…

Gautam Adani, an Indian businessman, is the richest person in Asia

Posted on January 28, 2023 by Priyanka Patil |

After a U.S. short seller cast doubt on Gautam Adani’s business practices and hammered shares in his companies as well as his reputation, the Indian billionaire, who dropped out of school to become Asia’s richest man, faces possibly the biggest…

Audi’s newest concept vehicle is a high-end coupe that converts into a truck

Posted on January 27, 2023 by Priyanka Patil |

Audi has recently launched a number of intriguing concept cars, including a massive urban people mover and a villainous auto-driving sedan. The most recent is the Activesphere, an extremely sleek electric luxury coupe that has the ability to transform into…

Microsoft confirms a new massive investment in ChatGPT creator OpenAI

Posted on January 24, 2023 by Priyanka Patil |

Microsoft announced a new multiyear, multibillion-dollar partnership with ChatGPT manufacturer OpenAI on Monday. Semafor reported earlier this month that Microsoft was in talks to invest as much as $10 billion, despite Microsoft’s refusal to provide a specific dollar amount. Following…

Amazon’s AWS will invest $35 billion to data center in Virginia

Posted on January 21, 2023 by Priyanka Patil |

The cloud services division of Amazon.com Inc. (AMZN.O) announced on Friday that it intends to invest an additional $35 billion in expanding data centers in Virginia by 2040. Amazon Web Services (AWS) claims that the new investment will lead to…

Reed Hastings, the founder of Netflix, is stepping down as CEO

Posted on January 20, 2023 by Priyanka Patil |

In conjunction with its earnings report on Thursday, Netflix announced that Reed Hastings, the company’s founder, will step down from his position as CEO but will remain as chairman. Ted Sarandos, the co-CEO, will keep his position. Greg Peters, who…

China’s population is decreasing for the first time in decades

Posted on January 17, 2023 by Priyanka Patil |

According to the National Bureau of Statistics, China’s population decreased in 2022. According to Yi Fuxian, an opponent of China’s one-child policy and the author of the book “Big Country With an Empty Nest,” the decline was the first since…

Tesla is to invest more than $770 million in the development of its Texas factory

Posted on January 12, 2023 by Priyanka Patil |

In order to expand its Austin factory for electric vehicles this year, Tesla has registered with the state of Texas. According to Tesla’s January filings with the Texas Department of Licensing and Regulation, the company intends to invest more than…

SpaceX sends 40 OneWeb broadband satellites, illuminating the sky at night

Posted on January 11, 2023 by Priyanka Patil |

After Russia blocked planned Soyuz launches last year in response to sanctions imposed by the West, SpaceX launched a second batch of OneWeb internet satellites late on Monday to help the London-based company expand its orbital constellation. At 11:50 p.m.…

Free Wi-Fi is now available on Delta Airlines’ flights

Posted on January 6, 2023 by Priyanka Patil |

Beginning on February 1, most of Delta Air Lines’ planes will have free Wi-Fi. At the Consumer Electronics Show on Thursday in Las Vegas, Delta CEO Ed Bastian stated, “It’s going to be free, it’s going to be fast and…