Media Archives - Page 61 of 806

2 minute read

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

May 7, 7:56 AM

Some employees at the Manhattan Beach office have been informed of the relocation and have been asked to prepare for the move by collecting their belongings.

FSRN

2 minute read

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

By Shivani Kumaresan

May 7, 6:55 AM

Wayve secures $1.05 billion funding, spearheaded by Nvidia and SoftBank, to revolutionize autonomous driving. CEO Alex Kendall's strategy prioritizes adaptable AI, setting the stage for Wayve's expansion and profitability.

2 minute read

Warren Buffett Was Right! America’s Billionaires Now Pay Lower Tax Rate Than Working Class For First Time Ever, New Analysis Shows

By Shanthi Rexaline

May 7, 6:20 AM

According to economist Gabriel Zucman, the effective tax rate of the 400 richest Americans in 2018 was 23%, slightly lower than the 24% rate for the bottom half of income earners.

SPY

2 minute read

Tesla Rival Nio To Roll Out Mass-Market EV Brand In May: Report

By Shivani Kumaresan

May 7, 5:49 AM

Nio Inc's expansion strategy gains momentum with the imminent launch of its mass-market EV model, targeting affordability without compromising quality. CEO William Li's confirmation of the Onvo sub-brand's focus on challenging Tesla's Model Y underscores Nio's commitment to global competitiveness.

KGRN

2 minute read

Heir Apparent Departs? Elon Musk’s Rumored Tesla Successor Leaves North America To Sharpen Focus On China Amid Mass Layoffs

By Benzinga Neuro

May 7, 5:42 AM

Tom Zhu, who had a successful tenure in China before his North American assignment in 2022, was instrumental in the construction and operations of Giga Shanghai.

TSLA

2 minute read

Warren Buffett-Backed BYD’s Cybertruck Rival To Make Global Debut Right Next Door To US Next Week

By Benzinga Neuro

May 7, 4:28 AM

The decision to launch the BYD Shark in Mexico indicates the company's focus on foreign markets, as pickup trucks in China are classified as light vans and face numerous restrictions

BYDDF

2 minute read

Is Apple Back In The EV Game? Tech Giant Reportedly Eyes Rivian Partnership

By Shanthi Rexaline

May 7, 2:35 AM

Rivian has been piling up losses for each of the EVs it manufactures, production ramp-up has been tough and cash resources have been dwindling.

AAPL

2 minute read

Apple Reportedly Working To Join The Ranks Of Microsoft, Amazon, Meta By Developing Its Own AI Chips For Data Centers

By Ananya Gairola

May 7, 2:16 AM

Apple is reportedly developing its own AI chips for data centers, a move that could align it with tech giants like Amazon and Google, but uncertainties remain regarding the project's progress and feasibility.

AAPL

2 minute read

Disney, Comcast Seek Advisor To Figure Out How Much Hulu Is Really Worth: Report

By Ananya Gairola

May 6, 10:48 PM

Walt Disney Co and Comcast Corporation are working to resolve a valuation dispute regarding Disney's planned acquisition of Comcast's 33% stake in Hulu, with discussions to hire a financial advisor for an independent valuation after significant discrepancies arose between their respective bank assessments.

CMCSA

2 minute read

Microsoft Takes On Google And OpenAI With New AI Model: Report

By Shivani Kumaresan

May 6, 2:34 PM

Microsoft (NASDAQ:MSFT) ventures into the AI landscape, ready to challenge Google (NASDAQ:GOOGL) and OpenAI with MAI-1, a formidable new language model led by ex-Google DeepMind co-founder Mustafa Suleyman. Anticipation builds as MAI-1's capabilities aim to rival industry giants, potentially unveiled at Microsoft's upcoming Build developer conference

GOOGL