Technology
Elon Musk is $26 billion richer after Tesla’s best day on the stock market since 2013
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla CEO Elon Musk, already the world’s richest person, added another $26 billion in paper wealth on Thursday after his company’s stock had its biggest rally since 2013. […]
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Tesla shares surge 19% and head for best day in more than 3 years on Musk’s 2025 growth projection
Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images Tesla shares soared roughly 19% Thursday morning, putting the stock on pace for its […]
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OpenAI disbands another safety team, head advisor for ‘AGI Readiness’ resigns
OpenAI is disbanding its “AGI Readiness” team, which advised the company on OpenAI’s own capacity to handle increasingly powerful AI and the world’s readiness to manage that technology, according to the head of the team. On Wednesday, Miles Brundage, senior advisor for AGI Readiness, announced his departure from the company via a Substack post. He […]
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Air taxi firm Lilium plunges 45% after saying main subsidiaries will file for insolvency
German company Lilium produces flying electric passenger drones. Lilium Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries will file for insolvency in the coming days. The German aerospace startup’s shares plunged more than 60% before paring losses to 45% following the news. In a U.S. regulatory filing, […]
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Nvidia doubles down on India with Hindi language model and major partnerships
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world’s biggest […]
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Why Meta and Snap are spending billions on AR glasses
After a decade of development and billions of dollars, Meta CEO Mark Zuckerberg in September pulled back the curtain on one of the company’s most ambitious projects: an augmented reality prototype called Orion. A week earlier, Snap CEO Evan Spiegel took the stage at its annual Snap Partner Summit to introduce its AR capable, 5th-generation […]
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Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. Jakub Porzycki | Nurphoto | Getty Images South Korea’s SK Hynix, one of the world’s largest memory chipmakers, on Thursday posted record quarterly profit, boosted by strong demand for its high bandwidth memory […]
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IBM stock slips on disappointing consulting and infrastructure revenue
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares moved 5% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of Wall Street’s revenue expectations for the third quarter. Here’s how the […]
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Tesla investors have a lot of questions for Musk about his political activism for Trump
Tesla and SpaceX CEO Elon Musk speaks with former president Donald Trump during a campaign event at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa. Jabin Botsford | The Washington Post | Getty Images As Tesla prepares for quarterly results Wednesday, many investors have one big issue on their minds: Donald Trump. On a […]
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Apple analyst Kuo says company cut iPhone 16 orders by 10 million units
A series of iPhone 16s on display inside the Apple store at Tun Razak Exchange in Kuala Lumpur, Malaysia, on Sept. 20, 2024. Annice Lyn | Getty Images News | Getty Images Apple shares fell about 2% on Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone […]
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