Credit Suisse CEO Joining UBS as Merger Closes in 2 Weeks

Swiss banking giant, UBS, has confirmed that Ulrich Koerner, CEO of Credit Suisse, will join its executive board after acquiring its domestic rival. The two banks will keep operating separately “for the foreseeable future” despite the high-profile merger expected to close within two weeks. Driven by the concern that Credit Suisse may encounter financial difficulty …

SpaceX To Spend About $2 Billion On Starship This Year, As Elon Musk Pushes To Reach Orbit

With an impressive budget of around $2 billion, SpaceX is dedicated to advancing the development of its Starship rocket, according to Elon Musk. After the recent launch on April 20th, Musk is confident that the next flight will successfully achieve orbit, without requiring any extra financial support. He is optimistic about the program’s progress and …

A Comprehensive List Of 2023 Tech Layoffs

Tech giants as well as many startups have once again been forced to make job cuts in 2023. According to Layoffs.fyi, the total number of tech layoffs so far this year is 168,243, surpassing the total number of layoffs for 2022. While the layoffs are largely attributed to the macroeconomic environment and a need to …

Oil Prices Soar, Fed Raises Rates as Brent Hits $83.40/bbl

Oil prices climb for various reasons, including supply and demand imbalances, geopolitical tensions, and market speculation. When the demand for oil increases faster than the rate at which it can be produced, prices tend to rise. Conversely, if the supply outpaces the demand, prices may fall. Geopolitical events, such as conflicts in major oil-producing countries, …

Microsoft’s Cloud Business Stays Strong Despite Trying Times

Recently, Microsoft posted results that shed some positivity in light of the weak economy, thanks to the cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The stable results that the company posted helped soothe the fears the tech giants had about their …

Tesla Slashes Prices by 20% to Push Demand

Tesla vehicles in the United States are now relatively more affordable after the company reduced its prices by 20%. To increase sales, the automotive company incorporated the change two weeks into 2023. The price cut swings between 6% to 20% for Model 3 and Model Y SUVs. Tesla also implemented the new price chart in …

6G: Unleashing the Power of Technology Through The Human Body

With telecommunications growing by leaps and bounds, the world has already started looking forward to the introduction of 6G. With 5G yet to flourish completely and show its capabilities across domains, research on 6G communications have already started. Researchers at the University of Massachusetts Amherst feel that the human body is the way forward to …

OpenAI’s ChatGPT Reportedly Costs $100,000 a Day to Run

OpenAI has been surprising the world with its achievements lately. With ChatGPT, an AI-powered chatbot, the company has made it possible to create interaction-style conversations. One thing about ChatGPT that has everyone on the edge of their seats is its human-like responses. Another fact fueling the excitement about OpenAI’s latest venture is that it is …

Microsoft Clears Air Regarding Activision with FTC

The Federal Trade Commission has blocked tech giant Microsoft in its attempt to acquire the video game developer Activision Blizzard, Inc. This would be Microsoft’s largest deal that strategically wipes out the competition in the video gaming industry. Owning the gaming franchises such as Call of Duty, the alleged $69 billion deal was held back …

Chinese-tech Giant, Huawei, Is Now Selling 5G Patents To Competitors.

Huawei, a Chinese tech giant, announces a global patent cross-licensing agreement with Oppo, a leading competitor in the tech industry. This agreement allows the two companies to share their intellectual properties and take leaps of innovation. With more than 20 years of innovation, Huawei was, at one time, the world’s largest smartphone manufacturer. They shipped …