Tech Archives - Page 115 of 1385

1 minute read

United Microelectronics Faces Sales Growth: April Revenues Jump Almost 7%

May 7, 8:47 AM

United Microelectronics reports a nearly 7% rise in April sales, anticipating increased wafer shipments in Q2 amid improving inventory levels and plans for continued investment in technology and capacity to capitalize on 5G and AI growth.

UMC

2 minute read

Wedbush’s Dan Ives Smells ‘Golden Buying Opportunity’ In Palantir’s Pullback After Q1 Earnings As He Lauds ‘Jalen-Brunson-Like’ Performance

By Shanthi Rexaline

May 7, 8:35 AM

"We are laser-focused on the AI story playing out with AIP leading the way and Palantir delivered robust numbers on this front yet again," Ives said.

PLTR

2 minute read

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

By Anan Ashraf

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

Tesla’s Chinese Rival Nio Partners With Warren Buffett-Backed BYD To Launch Budget-Friendly EV Brand

By Benzinga Neuro

May 7, 7:44 AM

Nio announced on Monday that the new brand would be called "Onvo" and is intended to compete with Elon Musk's Tesla Model Y.

BYDDF

2 minute read

Google’s DeepMind Co-Founder Mustafa Suleyman, Shares His Exciting First Month At Microsoft: ‘Truly Transformational’

By Benzinga Neuro

May 7, 7:11 AM

Mustafa Suleyman, the co-founder of Google's DeepMind AI lab, shared his initial experiences at Microsoft. Suleyman, who was previously the CEO of Inflection AI, was poached by Microsoft in March.

GOOG

3 minute read

SpaceX CEO Elon Musk Blames Boeing’s Starliner Delay On ‘Too Many Non-Technical Managers’

By Anan Ashraf

May 7, 7:05 AM

NASA awarded both Boeing and SpaceX contracts to enable to and from transportation to the ISS after retiring its space shuttle.

2 minute read

Lucid CEO Throws Down The Gauntlet With $48K EV Plan To Take On Tesla’s Dominance: ‘Wait Until Our Midsize Comes Out In Late 2026’

By Anan Ashraf

May 7, 6:51 AM

While Lucid's first-quarter deliveries jumped nearly 40% from a year earlier to 1,967 vehicles, Tesla Model S sales dipped "very very considerably," the CEO added.

LCID

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

Elon Musk ROFLs Over Lucid’s Ginormous Q1 Loss And CEO Rawlinson’s Claims About What Really Sets Tesla Rival Apart

By Anan Ashraf

May 7, 5:23 AM

Lucid incurred a net loss of over $346,000 for every vehicle delivered in the first quarter.

LCID

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