Japanese automakers are scrambling to avoid being squeezed out of the market by BYD and other Chinese EVs. Honda and Nissan are the latest to slash rates in overseas markets to boost demand.
It’s no secret that Japanese automakers are some of the biggest laggards as the industry transitions to EVs.
Those same companies are paying for it in overseas markets. According to a new report from…
Ford caves on EV dealer program following IL loss and will cut charger requirements
November 21, 2023
Following a loss in Illinois, Ford is easing some aspects of its EV dealer program. The changes involve reducing the number of required chargers and cutting training costs.
Ford alters EV dealer program following Illinois loss
Illinois’ state motor vehicle board handed…
Tesla investors hopelessly turn to TSLA board to rein in Elon Musk
November 21, 2023
Some Tesla investors are hopelessly turning to the company’s board of directors in the hope that they would rein in Elon Musk following growing concerns that he is negatively affecting Tesla’s brand.
Over the last two years, Musk has tested the faith of his fans and…
Inside OpenAI’s chaotic weekend: The Sam Altman dismissal to Emmett Shear’s appointment
November 21, 2023
OpenAI, the buzzy AI startup behind the fastest-growing business application of all time, ChatGPT, faced a weekend of turmoil that rivaled a Shakespearean tragedy.
On Friday, the organization announced the abrupt termination of its CEO Sam Altman, accusing him of being “not consistently candid in his communications.” It also removed president Greg Brockman in a boardroom coup that shocked the…
Breaking report: 700 of 770 employees at OpenAI, including co-founder Ilya Sutskever, tell the remaining board to resign
November 21, 2023
In a shocking twister to the saga unfolding at OpenAI, news broke Monday morning before 6am that 500 of 770 employees at OpenAI have asked the remaining board at OpenAI to resign. As of Monday afternoon, the number had increased to 700, reporter Ashlee Vance said in a tweet.
Microsoft emerges as ultimate winner in OpenAI power struggle, shares jump 1 percent
November 21, 2023
In a masterful move exemplifying urgent and instinctive leadership, Microsoft CEO Satya Nadella, personally jumped into the chaos happening over the weekend at the leading generative AI company, OpenAI, and came out with as much as he possibly could have.
Working for hours…
Ethereum Network Accounted for Over 90% of Layer 1 Revenues in Q3 — Study – Blockchain Bitcoin News
November 21, 2023
According to a Messari report, the Ethereum network’s revenues constituted more than 90% of the $491.5 million generated by layer 1 chains in Q3. The data also shows that in the period in question, the Aptos network’s revenues were 160% higher than in the preceding quarter.
Ethereum Still Dominates
While the third quarter (Q3) revenue of the Ethereum network fell by 47.3% quarter-on-quarter…
Report: Crypto Mining Equipment Found in Poland's Supreme Court – Mining Bitcoin News
November 21, 2023
Prosecutors in Poland’s capital Warsaw recently launched a probe into how cryptocurrency mining equipment was installed in a building housing the country’s Supreme Administrative Court. The chairman of the court’s information department insisted the crypto-mining…
Bitcoin Technical Analysis: BTC Holds Above $37K With Tense Market Equilibrium – Markets and Prices Bitcoin News
November 21, 2023
On Monday, November 20, 2023, bitcoin (BTC) is navigating slightly above the $37K mark, kicking off the week. Over the last day, BTC’s price has fluctuated from $36,441 to $37,516 per unit. Currently, bitcoin trades are generating a global trading volume of $15.55…
Ethereum Technical Analysis: ETH Breaks $2,000 Barrier Amid Positive Trading Outlook – Markets and Prices Bitcoin News
November 21, 2023
On Monday, ethereum (ETH) showcased an impressive bullish pattern, with its value reaching a peak of $2,041 as of November 20, 2023. Ranking as the second most prominent cryptocurrency with a market capitalization of $242 billion, it continues to draw substantial trading activity, totaling $15.33 billion over the past day.
Ethereum
The recent market dynamics for ethereum (ETH) are characterized by…
