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Technology

Technology

Tesla short sellers lost $3.5 billion in two days of trading after deliveries report

An electric vehicle of the model Y is pictured during the start of the production at Tesla’s “Gigafactory” on March 22, 2022 in Gruenheide,...

by admin July 4, 2024
Tesla short sellers lost .5 billion in two days of trading after deliveries report
Technology

China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe

Getty Images The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing...

by admin July 4, 2024
China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Technology

Microsoft reaches settlement in California over claims it punished employees for taking protected time off

A logo sits illuminated at the Microsoft booth in the Mobile World Congress 2024 in Barcelona on Feb. 26, 2024. Xavi Torrent | Getty...

by admin July 3, 2024
Microsoft reaches settlement in California over claims it punished employees for taking protected time off
Technology

China’s BYD is set to take Tesla’s crown as the world’s No. 1 producer of battery electric vehicles

BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty...

by admin July 3, 2024
China's BYD is set to take Tesla's crown as the world's No. 1 producer of battery electric vehicles
Technology

Tesla shares soar 10% on better-than-expected Q2 deliveries report

Tesla shares jumped 10% on Tuesday after the company posted second-quarter vehicle production and deliveries numbers that beat analyst expectations. Here are the key numbers: Total deliveries...

by admin July 2, 2024
Tesla shares soar 10% on better-than-expected Q2 deliveries report
Technology

History suggests bitcoin will likely hit a new all-time high this year, report says

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot |...

by admin July 2, 2024
History suggests bitcoin will likely hit a new all-time high this year, report says
Technology

Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The boss of British financial...

by admin July 1, 2024
Revolut CEO confident on UK bank license approval as fintech firm hits record 5 million profit
Technology

Salesforce shareholders reject compensation plan for CEO Marc Benioff, other top execs

Salesforce CEO Marc Benioff attends the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce...

by admin July 1, 2024
Salesforce shareholders reject compensation plan for CEO Marc Benioff, other top execs
Technology

Supreme Court punts social media moderation cases back to lower courts

Chris Marchese (L), director of the NetChoice Litigation Center, looks on as Matt Schruers (C), president and CEO of the Computer & Communications Industry...

by admin July 1, 2024
Supreme Court punts social media moderation cases back to lower courts
Technology

Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules

Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation....

by admin July 1, 2024
Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules
Technology

Gen Z’s shopping decisions are heavily driven by TikTok and influencers, report finds

Young Asian woman unboxing new purchase clothings from cardboard box that received from her online shopping retail delivery at home. She is happy and...

by admin July 1, 2024
Gen Z's shopping decisions are heavily driven by TikTok and influencers, report finds
Technology

Bitcoin windfall coming for Mt. Gox creditors after decade-long wait and 10,000% price spike

Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the...

by admin June 29, 2024
Bitcoin windfall coming for Mt. Gox creditors after decade-long wait and 10,000% price spike
Technology

Amazon is doubling value of credits for some startups to build on AWS as Microsoft cloud gains ground

Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened...

by admin June 29, 2024
Amazon is doubling value of credits for some startups to build on AWS as Microsoft cloud gains ground
Technology

Amazon beefs up AI development, hiring execs from startup Adept and licensing its technology

The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Amazon is ramping up its...

by admin June 28, 2024
Amazon beefs up AI development, hiring execs from startup Adept and licensing its technology
Technology

Tech founders are shunning IPOs after extended market lull, survey finds

Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is...

by admin June 28, 2024
Tech founders are shunning IPOs after extended market lull, survey finds
Technology

Crypto company Consensys sued by SEC as regulator continues industrywide crackdown

Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys. Riccardo Savi | Getty Images for Concordia Summit Crypto firm Consensys has been...

by admin June 28, 2024
Crypto company Consensys sued by SEC as regulator continues industrywide crackdown
Technology

Peter Thiel says, ‘If you hold a gun to my head I’ll vote for Trump’ though he isn’t backing campaign

Then-president-elect Donald Trump shakes the hand of Peter Thiel during a meeting with technology executives at Trump Tower, December 14, 2016 in New York...

by admin June 28, 2024
Peter Thiel says, 'If you hold a gun to my head I'll vote for Trump' though he isn't backing campaign
Technology

OpenAI, Microsoft sued by Center for Investigative Reporting as news industry bolsters attack on AI

The news industry just gained a powerful ally in its effort to take on OpenAI. The Center for Investigative Reporting, the country’s oldest nonprofit...

by admin June 27, 2024
OpenAI, Microsoft sued by Center for Investigative Reporting as news industry bolsters attack on AI
Technology

Figma CEO says it is ‘eating cost’ of AI upgrade for customers in 2024

As design firm Figma rolls out its first major AI upgrade for its platform, CEO and co-founder Dylan Field is taking no chances with...

by admin June 27, 2024
Figma CEO says it is 'eating cost' of AI upgrade for customers in 2024
Technology

OpenAI and Time strike multiyear deal to improve ChatGPT with journalistic content

Budrul Chukrut | Lightrocket | Getty Images OpenAI and Time magazine on Thursday announced a “multi-year content deal” that will allow OpenAI to access current...

by admin June 27, 2024
OpenAI and Time strike multiyear deal to improve ChatGPT with journalistic content
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