- As per Twitter CEO Jack Dorsey, inflation in the United States will soon worsen significantly. “Hyperinflation is going to change everything, and it’s happening.”, he tweeted on Friday. When inflation, the rising cost of goods and services, becomes uncontrollable over an extended period of time, this is referred to as hyperinflation. It is usually generated […]
- Cathie Wood, CEO of ARK Investment Management LLC, has reacted to Twitter Chief Jack Dorsey’s warning that inflation can and will “happen shortly in the United States, and hence the globe.” “When the Fed initiated monetary stimulus in 2008-09, I anticipated inflation would soar,” Wood responded on Monday. “I was mistaken. Instead, velocity (the pace […]
- Despite Beijing’s legislation tightening, which has slowed a surge of Chinese IPOs in the United States, global investors pumped more capital into new Chinese start-ups in the Q3. Multiple statistical estimates suggest that venture capital in China increased over the previous quarter from July to the months of September, increasing year-to-date statistics to more than […]
- Iconic engine manufacturer Rolls-Royce is entering into the nuclear business. The company has received approval from a consortium of private investors and the government of the United Kingdom. The company will be developing small nuclear reactors as a part of an initiative to generate clean energy. For this, Rolls-Royce has raised funds of more than […]
- Artificial Intelligence startup H2O.ai has been witnessing an unexpected surge in interest as applications based on AI are becoming more ubiquitous. There are firms beyond tech companies that are willing to get the AI platform for their services. H2O.ai has developed an open-source framework and proprietary apps. This helps almost all kinds of businesses to […]
- Workhorse has just become another electric vehicle company that is being investigated by the Department of Justice. The probe against the struggling electric startup is being led by the US Attorney’s office for New York’s Southern District. It usually investigated financial crimes. The probe comes as a setback for the startup which is already facing […]