The news comes in a routine but closely monitored regulatory filing, led by Capital Group Investment Management PTE. LTD. disclosed that it sold four percent of its holdings in the company Tesla, Inc. in the Q4. The firm sold 1,996 shares, bringing its holdings of the EV maker to 65,579 shares. The other stake, the …
The company has a major leadership change as it officially names longtime lead independent director Jay Hoag as chairman of the board. He takes over from Reed Hastings, the co-founder who turned the business, a DVD-by-mail rental service, into one of the world's most powerful streaming services. The change came into effect on the day …
The tech industry has given SpaceX a new media thumbs up just days before the company's much-anticipated debut on the US stock market. The company announced on Friday that it has signed a multi-year contract to supply Alphabet's Google with a continuous supply of computing power that will power everything from the use of its …
China is making another significant leap forward in its aim of fusing technology with political education. Today, China is spending vast sums on artificial intelligence to help promote and spread the ideas of President Xi Jinping, as Beijing's overall strategy is to leverage high-tech means to advance communication, education, and public engagement of state policies …
Attorney General Rob Bonta is poised to make a decision soon on whether to formally oppose Paramount's proposed $110 billion acquisition of Warner Bros. In an exclusive talk with Reuters, Bonta said he was operating against a “ticking clock” and that the objections of industry employees added “even more red flags” to the issue of …
SpaceX has already determined its IPO price at a hundred thirty five dollars per share, a week early. This is virtually unheard of for those who have watched Wall Street's dance around pricing an IPO. Typically, the price comes after hours-long talks with underwriters and institutional investors, but Elon Musk's rocket company has announced it …
Meta Platforms officially kicked off its enterprise artificial intelligence efforts on Wednesday with a new business agent to assist companies in managing daily business operations directly within WhatsApp, Messenger, and Instagram. The announcement was made during the company's recent WhatsApp-centric “Conversations” event in London, where Meta unveiled the new AI assistant, which will be used …
Tesla officially announced the new addition of its unsupervised robotaxi service across the entire Austin Metro area in Texas, a move in a stride that will help the company towards commercially viable autonomous ride hailing services. The electric vehicle company, which has been gradually moving towards a new AI and robotics strategy, officially announced the …
Microsoft is all set to present at its annual software developer conference, and the industry is eagerly awaiting the revelations of the company. It will likely be more about the new tools for developers creating AI applications that will run on personal computers and in the cloud, on Tuesday at San Francisco's town hall. As …
Florida has become the first state in the nation to sue OpenAI and its chief executive Sam Altman, accusing the artificial intelligence company of misleading the public about the safety measures embedded in its popular ChatGPT platform. The lawsuit, filed on Monday by Florida Attorney General James Uthmeier, a Republican, claims that the chatbot has …
When Nvidia’s chief executive Jensen Huang stepped onto the Computex stage in Taipei earlier this week, he did more than just unveil a new chip. He placed a quiet but powerful bet on a concept that the technology industry has been struggling to define and even harder to sell: the AI PC. The new RTX …
A Danish pension fund that already took a radical step by dumping its US Treasury holdings is now hard-line against investing in Elon Musk's SpaceX. The fund, called AkademikerPension, which oversees about 20 billion dollars of assets, has decided to move with a full 100% veto on the aerospace company’s eventual IPO. Its chief investment …
Amazon has been one of the stock market's brightest stars in the past 25 years. Recently, the aforementioned financial journalist and anchor for Bloomberg TV, Mr. Jon Erlichman, referred to a startling figure, which brings the company's trajectory into stark relief. Amazon has risen by an amazing 9,000% since a particular story was released on …
Meta Platforms is preparing to test an artificial intelligence pendant within the next year as part of a broader strategy to revamp its struggling hardware division. According to a report by The Information, which cited an internal company memo, the initiative represents a significant push into wearable devices aimed at reversing persistent financial losses. The …
