Tesla Profit Margins Hit 5-Year Low Amid Price Cuts, Incentives
On Tuesday, Tesla announced its lowest profit margin in more than five years and failed Wall Street profit projections in the second quarter…
Nvidia Approves Samsung HBM3 Chips for China Processors
Samsung’s fourth-generation high bandwidth memory (HBM3) chips have been certified by Nvidia for use in its CPUs, according to three…
Musk Says Any Trump EV Cutbacks Would Hurt Rivals More Than Tesla
Tesla CEO Elon Musk warned Tuesday that Donald Trump’s probable withdrawal of support for electric vehicles will impact other automakers…
Early Votes Favor Musk’s Tesla $5B Investment in xAI
Elon Musk has published a poll on social media platform X asking users if Tesla should invest $5 billion in his artificial intelligence…
CrowdStrike Shares Fall 13% After IT Outage
After Wall Street analysts downgraded CrowdStrike stock on Monday due to financial concerns from a global cyber outage last week, shares fell…
Google Cancels Chrome Cookie Removal Plan
Google announced on Monday that it will keep third-party cookies in Chrome after years of promising to remove them The significant reversal is…
Cryptoverse: Investors Divided on Ether ETFs
Investors are more cautious and split ahead of Tuesday’s U.S. launch of ether ETFs, contrasting with the enthusiasm that greeted bitcoin…
G20 Focuses on Digital Tax Amid US Tariff Threat
After missing the June 30 deadline, nations are looking to a Group of 20 finance leaders meeting this week for progress on a delayed plan to…
Wiz Cancels $23B Google Deal
A Wiz document states that Israeli cybersecurity startup Wiz has stopped talks with Google-parent Alphabet on a $23 billion purchase that…
Tesla to Deploy Humanoid Robots Internally Next Year
On Monday, Tesla CEO Elon Musk claimed “low production” humanoid robots will be used internally next year, months beyond a 2024…
Tesla Margins May Have Dipped in Q2; Robotaxi, AI Ventures in Focus
Tesla is set to disclose a more than five-year low in its second-quarter margin on Tuesday, and CEO Elon Musk is expected to emphasize…
Hong Kong to Launch Asia’s First Inverse Bitcoin ETF
In Hong Kong on Tuesday, Asia’s first inverse bitcoin exchange-traded fund will allow investors to bet on a cryptocurrency drop On…
Ocado Gets Boost From Kroger’s Tech Order
Ocado announced on Monday that Kroger, its U.S. partner, had ordered a variety of new automated technologies for its warehouses Ocado’s…
Nvidia Readies New AI Chip for China
Three individuals claimed Nvidia is developing a China-compatible version of its flagship AI processors that comply with U.S. export laws The…
Global Cyber Outage Grounds Flights, Disrupts Businesses
On Friday, major U.S. airlines issued a ground halt due to communications concerns, while other carriers, media corporations, banks, and…
Singapore Orders Social Media to Block 95 China-Linked Accounts
The government of Singapore ordered five social media platforms to remove 95 accounts, largely tied to exiled Chinese millionaire Guo Wengui,…
Google Adds AI to Paris Olympics Broadcast
Google, NBCUniversal, and the U.S. Olympic and Paralympic Committee announced Thursday that they will utilize AI to explain competitions in…
Netflix Exceeds Subscriber Targets, Warns on Ad Growth
Netflix said Thursday it attracted more than 8 million customers in its second quarter thanks to a password-sharing crackdown and hits like…
LSEG Workspace Platform Hit by Major Outage
On Friday, the Workspace news and data platform of LSEG Group experienced an outage that impacted user access worldwide LSEG reported that its…
Meta Suspends AI Tools in Brazil
Meta Platforms suspended generative AI tools in Brazil on Wednesday in reaction to the government’s concerns to its new privacy policy…