Tag archives: business news

xAI: Elon Musk’s New AI Company to Challenge OpenAI

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xAI: Elon Musk’s New AI Company to Challenge OpenAI
Elon Musk, the CEO of Tesla and SpaceX, announced on Wednesday the formation of a new artificial intelligence company called xAI. The company's goal is to "understand the true nature of the universe," and it will be led by Musk himself. xAI is a separate entity from Musk's broader X...

NASA and SpaceX to Send Four Astronauts to ISS on Crew-7 Mission

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NASA and SpaceX to Send Four Astronauts to ISS on Crew-7 Mission
NASA and SpaceX are planning to launch the seventh crew mission to the International Space Station (ISS) in August 2023. The mission, called Crew-7, will be launched on a SpaceX Falcon 9 rocket from Launch Complex 39A at NASA's Kennedy Space Center in Florida. The Crew-7 crew will consist of:...

Government Slashes Subsidies for E2Ws, Sales Plummet

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Government Slashes Subsidies for E2Ws, Sales Plummet
The Indian government's decision to slash subsidies for electric two-wheelers (E2Ws) has had a devastating impact on the industry, with sales plummeting and manufacturers struggling to stay afloat. The subsidy mess began in June 2023, when the government announced that it would be reducing the subsidy for E2Ws from 40%...

The Gensler Effect: SEC’s Roadmap to Stronger Oversight

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The Gensler Effect: SEC’s Roadmap to Stronger Oversight
Introduction The Gensler Effect - Gary Gensler, the newly appointed Chairman of the U.S. Securities and Exchange Commission (SEC), has set forth an ambitious agenda to reshape the regulatory landscape. With a background in finance and extensive experience in both the public and private sectors, Gensler's plans for the SEC...

IEX Shares: A Look at the Business Model and Valuation

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IEX Shares: A Look at the Business Model and Valuation
Basant Maheshwari, a market veteran, has expressed concerns about the business model of Indian Energy Exchange (IEX) and its potential impact on the company's stock performance. He pointed out that the Ministry of Power's decision to implement market coupling could undermine IEX's dominance, which he referred to as "puncturing its...
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