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Two Tesla stock downgrades have some investors reeling about holding shares long-term...
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Jerry Chow, IBM Fellow and Director of Quantum Systems at IBM Research, explains the company's latest milestone in its effort to build the world's first fault-tolerant quantum computer. Chow speaks with Caroline Hyde on "Bloomberg Tech."...
Continue ReadingIt's been a good week for Roku shareholders. The next few quarters could be even better...
Continue Reading(Bloomberg) -- Meta Platforms Inc. held discussions with artificial intelligence search startup Perplexity AI Inc. about a possible takeover before moving ahead with a multibillion-dollar investment in Scale AI, according to people familiar with the matter.Most Read from BloombergSecurity Concerns Hit Some of the World’s ‘Most Livable Cities’One Architect’s Quest to Save Mumbai’s Heritage From DisappearingJFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off RoadsNYC Congestion Toll Cuts Ma...
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A group of Democratic lawmakers in Texas is asking Elon Musk to delay the planned rollout of driverless ‘robotaxis’ in the state this weekend to assure that the vehicles are safe. In a letter, seven state legislators asked Tesla to wait until September when a new law takes effect that will require several checks before autonomous vehicles can be deployed without a human in the driver's seat. Tesla is slated to begin testing a dozen of what it calls robotaxis for paying customers on Sunday in a limited area of Austin, Texas...
Continue ReadingWhat investors and consumers need to know about a fast-growing industry that will top trillions of dollars in sales. Nvidia, Tesla, and Alphabet should benefit...
Continue Reading(Reuters) -Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price. The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements for its products but kept AI changes modest. Apple did not immediately respond to requests for comment...
Continue ReadingTesla's market capitalization, currently hovering just over $1 trillion, could start down the road to doubling in value by the end of 2026 if its robotaxi launch goes well this weekend, Wedbush analysts led by Dan Ives wrote Friday...
Continue Reading(Reuters) -Tesla has sent out invitations to a small group of people to join the limited test of its robotaxi service in Austin, Texas, which is tentatively set to start on Sunday, according to posts and email screenshots on social media. The invitations said a Tesla employee will accompany riders in the front passenger seat, the posts showed. A successful trial in Austin will be crucial for Tesla, as car buyers shun the company following its CEO Elon Musk's embrace of hard-right politics in the U.S. and worldwide...
Continue ReadingFederal Reserve Chair Jerome Powell is set to testify before Congress next week. This past week saw the Federal Reserve hold interest rates steady, while leaving the door open to cuts in the second half of the year...
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