News - Page 5

AI is rapidly becoming integral to industries, transforming standard workflows and boosting productivity. A recent McKinsey report highlights a significant jump, with 50% of businesses now using generative AI, up from 33% last year. The generative AI market is projected to expand

Artificial Intelligence (AI) is significantly reshaping industries, with 50% of businesses expected to leverage generative AI by 2024, up from 33% in 2023. The AI market is projected to grow from $40 billion in 2022 to $1.3 trillion by 2032, marking a

The current uncertainty in Wall Street is driven by recent developments in trade policies and stock market speculation. Jim Cramer highlights the chaotic impact of President Trump’s tariffs, questioning whether they serve as a quick revenue fix or an elaborate strategy. Despite

Rivian’s electric vehicle delivery expectations for 2025 are being adjusted amid varying production numbers and market demands. Production increased to 14,611 EVs in Q1, but deliveries dropped to 8,640, showing a gap between output and customer fulfillment. The reduction in Amazon van

Rivian Automotive faces a shift in the EV market with a notable delivery decline in early 2025. Produced 14,611 vehicles in Q1 but delivered only 8,640, prompting investor curiosity. Strategic shift involves reducing commitments to Amazon, focusing on quality and market diversification.

Ripple highlights concerns over the UK’s slow regulatory response to the evolving crypto landscape, potentially sidelining British banks from blockchain advancements. Ripple’s European Managing Director, Cassie Craddock, emphasizes the reluctance of large UK banks due to unclear regulatory frameworks, contrasting with the

XRP is gaining momentum, trading at $2.59, with potential to exceed $5 driven by legal clarity and ETF prospects. Brazil has approved the first spot XRP ETF, attracting global investor interest and spurring similar moves in the U.S. by Bitwise and Grayscale.

Palantir Technologies faces market volatility despite being part of the S&P 100, evidenced by a 7% stock decline last quarter. The company focuses on strategic collaborations with Everfox, Databricks, and the U.S. Army, emphasizing advancements in defense and AI technology. External factors

Donald Trump’s “reciprocal tariffs” are dramatically affecting global trade and market values, aiming to boost American autonomy. The S&P 500 has plummeted to its lowest point since 2020, losing $5 trillion in market value almost overnight. Technology stocks, particularly Tesla, have been

Elon Musk’s Department of Government Efficiency (DOGE) seeks to revolutionize the IRS via a hackathon, aiming to integrate old systems with a futuristic “mega API.” The initiative involves Sam Corcos and Gavin Kliger, who pause $1.5 billion in IRS modernization projects to