Tesla cuts prices nearly $2,000 in China, in line with U.S. cuts
Tesla made similar cuts to the Model Y starting price, now 249,900 yuan, the regular version of the Model S to 684,900 yuan and the Model S Plaid to 814,900 yuan. The regular Model X now costs 724,900 yuan and…
Tesla’s Elon Musk postpones India trip, aims to visit this year
Reuters reported the postponement on Saturday, citing four people familiar with the matter. The trip was to have included the announcement of plans for the electric vehicle (EV) maker to enter the South Asian market, Reuters has reported. The CEO…
Cisco debuts new AI-focused security system after $28 billion deal to buy Splunk
The Cisco logo is on display at the Mobile World Congress in Barcelona, Spain, on February 26, 2024. Charlie Perez | Nurphoto | Getty Images Enterprise technology titan Cisco Systems on Thursday unveiled a new security architecture product aimed at…
TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
Net revenue: 592.64 billion New Taiwan dollars ($18.87 billion), vs. NT$582.94 billion expected Net income: NT$225.49 billion, vs. NT$213.59 billion expected TSMC reported net revenue rose 16.5% from a year ago to NT$592.64 billion, while net income increased 8.9% from a year ago…
Baidu releases new AI tools to promote application development
Baidu CEO Robin Li speaks during the company’s Create conference in Shenzhen, China, on April 16, 2024. Bloomberg | Bloomberg | Getty Images SHENZHEN, China – One year after Chinese search engine operator Baidu released its ChatGPT-like Ernie bot, the…
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
The layoffs disclosed in Buffalo comprise a 14% reduction in headcount there. Tesla took over the Buffalo factory after they completed a $2.6 billion acquisition of solar installer SolarCity in 2017. The acquisition of SolarCity by Tesla was widely criticized…
Google restructures finance team as part of AI shift, CFO tells employees in memo
The latest cuts follow a broader effort by Google to rearrange its workforce and resources to accommodate further investment in new technologies such as AI as advertising growth slows. CEO Sundar Pichai told employees in January that more job cuts…
Particle Health says data dispute with Epic Systems not affecting most customers
Joos Mind | Photodisc | Getty Images Particle Health said on Monday that the “vast majority” of its customers are still receiving records from medical software giant Epic Systems despite an ongoing dispute between the two companies over data-sharing practices….
Tesla shares dip in premarket trade after reports the firm will lay off more than 10% of global workforce
A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. Mike Blake | Reuters “As we prepare the company for our next phase of growth, it is extremely important to look at every…