Category: blog
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Elon Musk sued OpenAI and Sam Altman
Elon Musk, the person behind companies like SpaceX and Tesla, sued the company behind ChatGPT, OpenAI and its CEO, Sam Altman. He accuses the company to put profits and financials of the company in front of public good. Above all, these steps would violate a contract that the co-founder of OpenAI, Elon Musk, values very…
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S&P 500 reached the 5000 mark
The S&P 500 index reached 5000 points, a record breaking number. This comes as investors put their money into Artificial Intelligence and other tech companies like Meta. Reasons for that are also the better-than-expected earnings reports. So the S&P 500 continues to hit all time highs but for how long can this continue? The numbers…
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Meta added $197 million in market capitalization
On Saturday, February 2nd, the stock of Meta surged by about 20%. This happened after the company proposed their earnings of last year and they announced a new shareholder return initiative. Last years earnings turned out to be better than expected which left investors bullish towards the company and caused it to add almost $200…
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Universal Music pulls songs off from TikTok
If the two more than famous companies don’t come to a new agreement, Universal Music will withdraw the licenses of their tracks from the social media platform TikTok. The platform is also home to stars like Taylor Swift and Drake. And this move will have massive consequences especially on young artists who are trying to…
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Novo Nordisk became second European company to reach $500 billion valuation
The Danish company Novo Nordisk became the second European company to reach the $500 billion in market value. This was also due to their popular obesity drug. The company experienced a massive increase on Wednesday, January 31, and surpassed a level that was only surpassed by the famous LVMH before. But is the company worth…
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First Neuralink was implemented into a patient
The world famous Elon Musk, often criticized lately, said his company successfully implemented it’s first Neuralink into the brain of a patient. This is a significant step for his startup Neuralink Corp., which aims to one day control computers with their mind and also cure diseases. The use of the chip On the platform X…
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Recent regulations from the FTC
The influence of big tech companies rises more and more over time. They have multi-billion dollar deals with AI development companies to get the latest and best technology possible. Now the Federal Trade Commission (FTC) wants to scrutinize these deals from Microsoft, Amazon, and Google and introduce regulations. So that the companies don’t gain an…
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France won the handball world cup after extra time
The national team from France beat Denmark in an extra-time thriller. The team won the match in Cologne against world champions Denmark with 33:31. Earlier the national team from Sweden defeated the host Germany. A very sad result for the German Handball team. Meanwhile Sweden is very happy to reach the third place with a…
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Sinner wins Australian Open
In a crazy game the Italian tennis player Jannik Sinner won the final of the Australian open over Daniil Medvedev. After being down 2-0 on sets he achieved an impressive comeback and won the final in the last set with 6-3. This is the first Grand Slam title ever for the Italian. One of the…
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The impact of the economy on the 2024 elections
After the election in 2020 and Biden being president, the economy did very poorly. When Trump was in charge though the markets were just fine. Many see that as Bidens’ fault but there is not much true behind that. Still the economy is a very big factor for the 2024 elections and might change some…