Amazon Advances Towards Zero-Emissions with New Electric Trucks
Amazon revealed first of 12 Volvo electric big rigs for LA/Long Beach port, boosting net-zero goal. Amazon also deploys 13,500 EV vans nationwide.
Tesla Surprisingly Becomes Luminar’s Largest Lidar Customer, Contradicting Musk’s Past Criticism
Tesla CEO Elon Musk has criticized lidar technology, but Tesla is now Luminar's largest customer. Luminar's Q1 revenue was boosted by Tesla's 10% contribution.
Chinese Stocks Surge As Investors Bet On Economic Turnaround: 7 ETFs To Watch
Chinese stocks have rallied 19% from 2024 lows, fueled by economic recovery & improved private sector activity. Overestimation of recovery is a risk.
AI Adoption In Workplace: Employees Concealing Use Of AI Tools For Fear Of Job Replacement, Microsoft-Led Study Reveals
AI use in the workplace is rising, but employees fear being replaced. Microsoft and LinkedIn's study says 75% use AI, but 53% don't admit it.
Reddit’s Enhanced Advertising Tools Drive ‘Sizable Upside’: JPMorgan
Reddit's stock surged 14.82% in pre-market trading on Wednesday after reporting strong Q1 earnings, exceeding expectations and providing upbeat Q2 guidance.
Apple’s New M4 iPads: ‘More Powerful Than Any AI PC’ Today, Set To Boost Sales
Apple Inc. updates iPad lineup with new Pro and Air models featuring advanced M4 and M2 chips, signaling growth potential and boosting revenue mix.
Uber’s Bottomline Takes A Hit Despite Revenue Uptick, Stock Tanks
Uber (NYSE: UBER) reported Q1 2024 revenue of $10.10 billion, missing estimates. EPS of $(0.32) also missed. Mobility revenue grew 30%, but stock price dropped.
US Mulls Over Regulations To Restrict China’s Access To Advanced AI Software Behind Apps Like ChatGPT
This move is viewed as a fresh strategy to safeguard U.S. AI from China, succeeding a series of measures over the past two years aimed at blocking the export of sophisticated AI chips to the Asian country.
Nikola Open To ‘Flexible’ Pricing For Large Fleet Deals As EV Truck Maker Fishes For Bigger Customers Outside California
The average sales price of the company's fuel cell truck rose to $381,000 in the first quarter, company CEO Steve Girsky said on Tuesday.
Joe Biden Set To Unveil Microsoft’s $3B AI Data Center Plan On Same Wisconsin Land Where Trump Tried To Execute His Mega Foxconn Fantasy
Biden's announcement comes as part of his efforts to promote bipartisan legislation on infrastructure and semiconductor subsidies.