Media Archives - Page 39 of 806

1 minute read

Tesla’s Top Chinese Rival BYD Unveils 5th Gen DM Hybrid Technology, Pioneering 1,250 Miles Range: Report

May 24, 7:00 AM

BYD, Tesla's top Chinese competitor, announces groundbreaking 5th Generation DM Hybrid Technology, achieving a 2000-kilometer range, while shares close lower.

BYDDF

2 minute read

Micron Ordered To Pay $445M Penalty For Patent Violation: Report

By Shivani Kumaresan

May 24, 6:23 AM

Micron Technology has been reportedly ordered to pay $445 million to Netlist for patent infringement on high-performance memory-module technology. The jury in the U.S. District Court for the Eastern District of Texas found Micron's actions to be willful.

FEPI

3 minute read

‘Wow:’ Elon Musk Reacts As Nvidia’s Eye-Popping Market Cap Leaves Entire German Stock Market, GDPs Of 96% World Nations Biting The Dust

By Shanthi Rexaline

May 24, 5:40 AM

Nvidia has positioned itself in the right places at the right time and this has manifested in the form of strong fundamentals and rising stock price.

NVDA

2 minute read

ChatGPT-Parent OpenAI Reverses Course On Non-Disparagement Terms For Majority Of Former Staff: ‘We’re Incredibly Sorry…’

By Ananya Gairola

May 23, 9:34 PM

OpenAI has decided not to enforce non-disparagement agreements or cancel vested equity for former employees who speak out about the company.

MSFT

2 minute read

Amazon and AI startup Hugging Face Partner to Enhance AI Model Efficiency

By Anusuya Lahiri

May 23, 12:54 PM

Amazon's cloud unit partners with AI startup Hugging Face to simplify running thousands of AI models on AWS's custom chips, valued at $4.5B.

AMZN

2 minute read

NIO Down Over 8% On Thursday – What’s Going On?

By Nabaparna Bhattacharya

May 23, 12:48 PM

NIO shares plummet over 8%. The company's founder eyes European expansion amid concerns over potential EU tariffs on Chinese EVs, impacting broader market sentiment.

KGRN

2 minute read

Xiaomi’s Q1 Revenue Soars 27% As Global Smartphone Shipments Surge, Eyes Ambitious EV Goals

By Shivani Kumaresan

May 23, 12:11 PM

Xiaomi reported a 27% revenue increase for Q1 2024, reaching RMB75.51 billion. The company's global smartphone shipments rose 33.7% to 40.6 million units, while IoT devices on Xiaomi's AIoT platform surged 27.2% to 786.1 million. Despite a 1% net income decline, signs of recovery in the mobile market are evident. Xiaomi aims to deliver 120,000 SU7 electric vehicles this year.

AAPL

1 minute read

Kinder Morgan Acquires West Texas Oilfield To Leverage Carbon Capture Incentives: Report

By Lekha Gupta

May 23, 11:15 AM

Kinder Morgan reportedly acquires oil and gas assets in West Texas and plans to use carbon capture incentives to increase output. Stock exposure via MDST and TPYP.

KMI

1 minute read

Tesla Starts Construction Of Megapack Energy Storage Battery Factory, First Outside USA

By Nabaparna Bhattacharya

May 23, 9:29 AM

Tesla ignites Shanghai with the start of Megapack energy storage battery factory construction, signaling a groundbreaking move in global energy innovation

TSLA

2 minute read

US Commerce Department Grants $75M To Absolics For Semiconductor Facility In Georgia

By Shivani Kumaresan

May 23, 9:14 AM

The U.S. Commerce Department has awarded Absolics Inc a $75 million grant to build a 120,000 square-foot facility in Covington, Georgia, under the CHIPS and Science Act. This investment will boost U.S. semiconductor technology by advancing glass substrate technology for semiconductor packaging. Expected to create 1,200 jobs, this initiative supports the $52.7 billion government effort to enhance semiconductor manufacturing and development.

AMAT