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Tesla CEO Elon Musk largely avoided questions about bringing a low-cost electric vehicle to market during a remote appearance Thursday at the VivaTech conference in Paris. Bloomberg's Scarlet Fu speaks with Elon Inc co-host Max Chafkin about Musk's remarks...
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On Wednesday, Nvidia Corporation (NASDAQ: NVDA) reported its fiscal first quarter results, surpassing both top and bottom-line estimates as demand for AI chips remains as robust as ever. Nvidia sales continue to skyrocket as Google, Microsoft Corporation (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), Amazon.com Inc (NASDAQ: AMZN) and Microsoft-backed OpenAI spend billions of dollars to buy its graphics processing units to develop and deploy generative AI applications. During extended trading on...
Continue ReadingPepsiCo Beverages North America announced this week that it plans to add 50 Tesla electric semi-trucks to its California fleet as part of the company’s mission to reach net-zero emissions by 2040. The post PepsiCo to add 50 Tesla electric semi-trucks to California fleet appeared first on FreightWaves...
Continue ReadingNvidia reported its fiscal first quarter earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines while raising its dividend and announcing a 10-for-1 stock split...
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Sector Update: Consumer Stocks Decline in Late Afternoon Trading...
Continue ReadingAmazon hopes that infusing generative AI into the decade-old voice assistant will finally help the technology achieve its potential...
Continue ReadingTesla Chief Executive Elon Musk, speaking Thursday at a technology conference in Paris, said his company doesn’t need government incentives to stay competitive with China. Musk, who attended the Viva Technology event remotely, said he was surprised when the Biden administration announced new tariffs on Chinese electric vehicles, as well as EV batteries and other parts, earlier this month. "Neither Tesla nor I asked for these tariffs,” Musk said during a Q&A with audience members that was interrupted for several minutes when he lost his remote connection...
Continue ReadingGoogle is confronting the latest in a succession of legal attacks on its digital empire on Thursday as federal judge begins to address anticompetitive practices in the app market for smartphones powered by its Android software. The San Francisco court hearing before U.S. District Judge James Donato comes five months after a nine-person jury decided Google had turned its Play Store for Android phone apps into an illegal monopoly following a four-week trial in an antitrust case brought by Epic Games. At the start of the hearing, Donato told lawyers for both parties not to revisit the jury's verdict, which is now “carved in stone.”...
Continue Reading(Bloomberg) -- Alphabet Inc. and Meta Platforms Inc. have held discussions with major Hollywood studios about licensing content for use in the tech giants’ artificial intelligence video generation software, according to people familiar with the matter.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsStocks Join Bonds in Falling as Fed-Cut Bets Wane: Markets WrapIsrael to Restart Gaza Talks After Host...
Continue ReadingNvidia CEO Jensen Huang believes Tesla’s full self-driving is the most advanced system out right now. It also just so happens that Tesla’s FSD is powered by Nvidia chips...
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