EU is expected to unveil tariff plans for Chinese EVs this week
TOPSHOT – People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via…
EU is expected to unveil tariff plans for Chinese EVs this week
TOPSHOT – People look at a BYD Seagull car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi on March 27, 2024. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via…
California pension fund opposes ‘ridiculous’ Elon Musk pay package at Tesla
Elon Musk, CEO of Tesla and owner of social media site X, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | Reuters…
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William…
U.S. internet access economy ‘more competitive than ever’, says Fmr. FCC Chair Ajit Pai
U.S. internet access economy ‘more competitive than ever’, says Fmr. FCC Chair Ajit Pai CNBC
Nvidia hits $3 trillion market cap on back of AI boom
Nvidia’s CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty Images Nvidia briefly surpassed $3 trillion in market cap during intraday trading on Wednesday as investors…
Intel wants to build ‘everybody’s AI chips,’ CEO says, as company plays catch-up with rivals
Intel wants to regain its position as the world’s leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years. “We want to build everybody’s chips, everybody’s AI chips. We want them to be…
Meta AI chief LeCun slams Elon Musk over ‘blatantly false’ predictions, spreading conspiracy theories
The spat began days earlier, on May 27, after Musk took to X to encourage people to apply for roles at his AI startup, xAI. The company, which last week announced it had raised $6 billion, is in a battle…
Bitcoin miners sink millions into AI businesses, seeking billions in return
Bitcoin miner Core Scientific announced plans to significantly expand its AI business. The deal with cloud provider CoreWeave is expected to add revenue of over $3.5 billion over 12 years. Many bitcoin mining firms have been retrofitting existing facilities to…
Microsoft confirms layoffs in mixed reality but will keep selling HoloLens 2 headsets
“Earlier today we announced a restructuring of the Microsoft’s Mixed Reality organization,” the spokesperson said in an email. “We remain fully committed to the Department of Defense’s IVAS program and will continue to deliver cutting edge technology to support our…