Technology
Virgin Orbit fails to secure funding, will cease operations and lay off 90% of workforce
The company’s 747 jet “Cosmic Girl” releases a LauncherOne rocket in mid-air for the first time during a drop test in July 2019. Greg Robinson / Virgin Orbit Virgin Orbit is ceasing operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting on Thursday […]
Read More
Nikola announces a $100 million stock offering
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters Electric heavy-truck maker Nikola said on Thursday that it plans to raise $100 million via a secondary stock offering to […]
Read More
Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. Ford Motor said that it has resumed full production of its electric F-150 Lightning pickup following a February battery fire – and that it’s once again raising prices on the popular truck. Ford said that the standard-range […]
Read More
Nvidia’s stock has climbed as Wall Street bets on A.I. Why buyers say its promise is worthy of the premium
Wall Street in recent months are unable to seem to end raving about Nvidia as the investing neighborhood makes an attempt to capitalize on the escalating AI craze using the tech sector by storm. That praise has translated to a breathtaking performance for the shares — up just about 86% this 12 months and on […]
Read More
EVgo shares are surging after fourth-quarter results trounce Wall Street estimates
U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC. Drew Angerer | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that beat Wall Street expectations and posted a narrower-than-expected loss as […]
Read More
Sam Bankman-Fried pleads not responsible to most up-to-date spherical of federal fraud, bribery rates
Sam Bankman-Fried pleaded not responsible in New York federal courtroom Thursday to 5 added rates linked to the collapse of his former crypto exchange FTX and hedge fund Alameda Investigate. Bankman-Fried’s legal professional, Mark Cohen, mentioned he plans to file a motion that his customer not be experimented with on all the counts, arguing that […]
Read More
OpenAI faces complaint to FTC that seeks investigation and suspension of ChatGPT releases
GPT-4 signal on web-site displayed on a laptop monitor and OpenAI logo exhibited on a cell phone display screen are viewed in this illustration photo taken in Poland on March 14, 2023. Jakub Porzycki | Nurphoto | Getty Images OpenAI is struggling with a new complaint to the Federal Trade Fee that urges the company […]
Read More
Apple analyst Kuo claims headset faces 1-2 month delay, prompting uncertainty over WWDC start
Tim Prepare dinner for the duration of WWDC 2022 Event Supply: Apple Apple’s widely anticipated mixed-reality headset may not be all set in time for the company’s June WWDC event, leading Apple analyst, TFI Securities’ Ming-Chi Kuo, wrote on Twitter Thursday. Kuo tweeted that the corporation wasn’t optimistic that the yearslong challenge would get the […]
Read More
Tesla has only mounted 3,000 Photo voltaic Roof methods in the U.S., far down below forecast, review finds
Tesla vehicles parked outside a property with a Tesla Photo voltaic Roof on Weems Avenue in Boca Chica Village, Texas, U.S., on Monday, June 21, 2021. Veronica G. Cardenas | Bloomberg | Getty Photos Tesla has only installed 3,000 of its Solar Roof methods in the U.S. since touting the technological innovation seven years back, […]
Read More
Alibaba tells buyers its overhaul will make the enterprise a lot more ‘agile’ with market alterations
China’s regulatory crackdown on its technology firms, which has been taking area since 2020, resulted in a around $1 trillion wipeout of stocks of the country’s largest organizations, but Alibaba’s reorganization is noticed as a indication of Beijing softening that stance, analysts told CNBC. David Becker | Getty Visuals Information | Getty Illustrations or photos […]
Read More