Ozempic Threats No Match for Krispy Kreme, Truist Says
(Bloomberg) — Americans love their doughnuts too much to give them up forever, even in spite of the recent boom in weight-loss drugs, says one Wall Street fan of Krispy Kreme Inc. Most Read from Bloomberg Truist Securities upgraded their…
‘Holy grail for search’: AI is giving rivals the confidence to chase Google’s crown
Searching the web with AI to get answers instead of a hodgepodge of links has the potential to change how we use the internet. San Francisco startup Perplexity is taking on Google in search using artificial intelligence. Lea Suzuki/San Francisco Chronicle Anyone…
Intel CEO Fires Back at Nvidia in Battle for AI Chip Leadership
(Bloomberg) — Intel Corp. Chief Executive Officer Pat Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share losses to peers, including AI leader Nvidia…
Tesla Shareholders Advised by Proxy Adviser to Reject Musk’s Pay Package
(Bloomberg) — Tesla Inc. shareholders are being urged by proxy adviser Institutional Shareholder Services to reject Chief Executive Officer Elon Musk’s $56 billion compensation plan, setting up another hurdle for the electric carmaker’s board. Most Read from Bloomberg ISS said…
More Advanced AI Siri Functionality Not Coming to iOS 18 Until 2025
Apple is planning a major AI overhaul for Siri in iOS 18, and Bloomberg‘s Mark Gurman says that the update will let Siri control all individual features in apps for the first time, expanding the range of functions the personal…
Tesla’s $56 Billion Pay Package for Elon Musk Opposed by Calpers CEO
(Bloomberg) — Calpers, the largest state public pension fund in the US, tentatively plans to vote against a proposed $56 billion pay package for Tesla Inc. Chief Executive Officer Elon Musk, a sign of opposition from a major investor. Most…
New BYD Hybrid Can Drive Non-Stop for Around 2,000 Kilometers
(Bloomberg) — BYD Co. unveiled a new hybrid powertrain capable of traveling more than 2,000 kilometers (1,250 miles) without recharging or refueling, intensifying the EV transition war against Toyota Motor Corp. and Volkswagen AG. Most Read from Bloomberg The upgraded…
New BYD Hybrid Can Drive Non-Stop for More Than 2,000 Kilometers
(Bloomberg) — BYD Co. unveiled a new hybrid powertrain capable of traveling more than 2,000 kilometers (1,250 miles) without recharging or refueling, intensifying the EV transition war against Toyota Motor Corp. and Volkswagen AG. Most Read from Bloomberg The upgraded…
Xi’s China EV Dream Came True. 10 Years On, Walls Are Going Up
(Bloomberg) — Ten years ago almost to the day, while checking out a handful of luxury sedans from one of China’s largest automakers SAIC Motor Corp., President Xi Jinping gave a pivotal speech that would set China on the course…
Gurman: iOS 18 Will Allow Users to Recolor App Icons and Place Them Anywhere
Apple’s iOS 18 update will introduce new features for further customizing the iPhone‘s home screen, according to Bloomberg‘s Mark Gurman. In the latest edition of his “Power On” newsletter, Gurman claimed that Apple will allow users to change the color…