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Local market growth and innovation: the potential beyond global corporations

Leave a Comment / Business, Finance, International news / By georgeskef

It’s easy in a world where global corporations have mastered technology and become technological wonders to ignore the potential for innovation and growth within local markets around the globe. Local businesses are often at a crossroads as they struggle to adapt to the digital era. While technology giants have made great strides, many local companies find …

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U.S. is planning to limit the influence of Chinese A.I. supercomputing companies

The reasons for which money makes people so anxious

Leave a Comment / Finance, Socioeconomics / By georgeskef

We asked experts for tips on managing stress as tax day approaches. It is tempting to procrastinate: The Internal Revenue Service project that it will be receiving extensions requests from more than 20 million people this fiscal year. Perhaps we wait because it takes 13 hours for the forms to be filled out. Perhaps tax time forces us into …

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Tesla Reports Strong Profits in the Third Quarter

Leave a Comment / Business, Finance / By georgeskef

Although the electric carmaker is expanding quickly, investors are concerned that sales may slow due to higher interest rates and prices. Tesla reported Wednesday a huge jump in its quarterly profit, as electric car sales soared over the three months ending in September. The electric car maker reported that it earned $3.3 billion in its …

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Taiwan Is Caught in the middle of a war over Microchips

Leave a Comment / Asia politics, Finance, Tech / By georgeskef

Concerned over fears about Chinese threats to Taiwan The U.S. and others have attempted to increase their share of Taiwan’s semiconductor manufacturing. As Chinese warships practiced the blockade in Taiwan in March, they practiced the scenario that global politicians and leaders have been worried about not war, but the slowing down of the supply chains of electronic …

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Congress Is Giving Billions to the Chip Industry. The strings Are Attached.

Leave a Comment / USA Politics, Finance, Tech / By georgeskef

The industrial policy debate is back in Washington and a massive semiconductor and science bill grants the government new authority over a strategically important industry. WASHINGTON Amid an escalating shortage of semiconductors and while lawmakers debated the need to increase U.S.-based manufacturing of chips, Intel went to the Biden administration with a plan that some …

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Biden Administration Releases Plan for $50 Billion Investment in Chips

Leave a Comment / Finance, Socioeconomics, Tech, USA Politics / By georgeskef

The Commerce Department issued guidelines for companies that are seeking federal funds aimed at strengthening the industry of semiconductors in the US. WASHINGTON – The Department of Commerce on Tuesday revealed its plan to distribute $50 billion to build the U.S. semiconductor industry and fight China in what is likely to be the largest U.S. …

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U.S. is planning to limit the influence of Chinese A.I. supercomputing companies

Leave a Comment / USA Politics, Asia politics, Finance / By georgeskef

These new regulations could prove to be the most expansive decision taken in the Biden administration to block Chinese access to American technology that powers data centers as well as supercomputers. It is expected that the Biden administration is scheduled to announce new rules to block Chinese businesses from having access to the technologies that …

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Ford will invest $30 billion in electric vehicles, which is a significant increase over the earlier plans.

Leave a Comment / Finance, Automotive industry / By georgeskef

Ford Motor announced Wednesday that it will increase its spending on electric vehicles by around a third of its previous plans. It expects E.V.s in 40 percent of its production by 2030. This is a significant increase in Ford’s commitment to electrification. The company plans to spend $30 Billion in five years, up from its …

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In collaboration with Ford and Argo Walmart is implementing a self driving delivery service.

Leave a Comment / Automotive industry, Finance, Socioeconomics / By georgeskef

With half a dozen vehicles equipped with Argo technology, the service will be available in Miami, Washington, and Austin, Texas. Ford Motor has teamed up to test the delivery of groceries by self-driving cars in three different cities. Argo stated Wednesday that the service will begin in Miami, Washington, and Austin, Texas. It will only be …

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Washington is worried about stablecoins

Leave a Comment / Finance / By georgeskef

Federal Reserve, Treasury, and other regulators worry that technology promising stability could actually lead to turmoil. Stablecoins may be the most ironically named innovation in cryptocurrency, at least according to Washington policymakers and regulators. They promise to keep their value, which is usually pegged to a currency like the euro or dollar, by relying upon …

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