Toyota Expands Horizons with $45 Million Investment in Japanese Rocket Startup

Prime Highlights: Toyota Motor Corporation has invested ¥7 billion ($44.4 million) in Interstellar Technologies, a Japanese space startup focused on developing orbital rockets for satellite missions. Chairman Akio Toyoda emphasized…

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Citadel’s Wellington Fund Delivers 15.1% Return in 2024, Fueled by Strong Performance Across Strategies

Prime Highlights: The Citadel's tactical trading fund earned a record 22.3% for the year, peaking while all the other funds of its company lagged behind. The equity fund came in…

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OpenAI Unveils Plan to Restructure into For-Profit Entity, Seeks More Capital for Growth

Prime Highlights: The company plans to transition its for-profit division into a Public Benefit Corporation (PBC) to secure additional capital for its expansion in the AI sector. This restructuring will…

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Temu App Dominates U.S. iOS Downloads for Second Consecutive Year Amid Rising Scrutiny of Chinese Companies

Prime Highlights  Temu Tops US iOS Downloads for Second Consecutive Year: The Chinese-owned e-commerce app, Temu, ranked as the most downloaded free app on the U.S. iOS store for 2024,…

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Read more about the article Xreal Unveils New AR Glasses with Self-Designed Chip to Compete with Meta and Snap
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Xreal Unveils New AR Glasses with Self-Designed Chip to Compete with Meta and Snap

Xreal, an Alibaba-backed firm, has launched its next-generation AR glasses called Xreal One Series as an attempt to strengthen its stand in the growing AR market. The new product has…

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Read more about the article Data Centers Powering Artificial Intelligence May Consume More Energy Than Entire Cities
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Data Centers Powering Artificial Intelligence May Consume More Energy Than Entire Cities

The rapid growth of data centers driven by artificial intelligence (AI) and cloud computing is creating a significant surge in electricity demand, with some campuses expected to consume more power…

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Read more about the article Bitcoin Surpasses $93,000 for the First Time Amid Post-Election Rally and Inflation Data
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Bitcoin Surpasses $93,000 for the First Time Amid Post-Election Rally and Inflation Data

Bitcoin sharply surged to a fresh all-time high above $93,000 on Wednesday, continuing its rally since the recent U.S. election. It touched a high of $93,469.08 and is now trading…

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