Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023. David A. Grogan | CNBC Tesla released its third-quarter results after trading hours on Wednesday. Following the release, the stock initially rose by 2.4%, but later dropped by over 4% as CEO Elon Musk expressed caution regarding the profitability timeline of the Cybertruck …
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images X, formerly known as Twitter, is set to conduct a test that will require new users to pay an annual subscription fee …
Amazon announced on Friday that it will soon initiate drone deliveries in College Station, Texas. Amazon Amazon Pharmacy customers located in College Station, Texas can now have their prescription medications delivered by drone, the company announced in a blog post on Wednesday. Eligible customers can access over 500 medications, including treatments for common conditions like …
Apple iPhone supplier Foxconn, also known as Hon Hai, has revealed its semiconductor strategy, focusing on producing “specialty chips” instead of competing in cutting-edge chip technology. Chiang Shang-Yi, the chief strategy officer for semiconductor at Hon Hai, stated that the company does not chase after the most advanced technology, but rather focuses on specialty technology …
The U.S. Department of Commerce announced on Tuesday its plans to block the sale of advanced artificial intelligence chips to China in the upcoming weeks. This move aims to close loopholes that emerged after last year’s restrictions on AI chip exports came into effect. The news of the new rules caused chip stocks to decline …
A woman crossing a busy downtown San Francisco street suffered serious injuries when a hit-and-run driver collided with her, throwing her into the path of an oncoming driverless Cruise car that ran her over. The incident was captured by the autonomous vehicle’s recording which Cruise shared with the NBC Bay Area Investigative Unit. Courtesy NBC …
Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Snap shares rose nearly 12% on Monday following reports of an internal CEO …
Privately held companies have been racing to develop AI technology, resulting in the creation of systems like Microsoft-backed OpenAI’s ChatGPT and Google’s Bard. Lionel Bonaventure | AFP | Getty Images A new study from Spain’s IE University reveals that a majority of Europeans are calling for government restrictions on artificial intelligence (AI) to address concerns …
The Swedish “buy now, pay later” pioneer said Tuesday that its new design would help users find the items they want by using more advanced AI recommendation algorithms, while merchants will be able to target customers more effectively. Rafael Henrique | SOPA Images | LightRocket via Getty Images Swedish technology startup Klarna is revolutionizing the …
