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Amazon.com Set for Upside From Retail Margins, AWS Acceleration, BofA Securities Says...
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Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations...
Continue ReadingTesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations...
Continue ReadingAlphabet just delivered a spectacular quarterly result with accelerated growth in Google Search and significant progress in artificial intelligence (AI)...
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Artificial intelligence startup Anthropic launched a version of its latest chatbot technology aimed at businesses on Wednesday, jumping into the race to capture corporate dollars. The San Francisco-based firm, backed by Alphabet and Amazon.com, in March released a family of artificial intelligence models called Claude 3 that it says outperforms those from rivals such as Microsoft-backed OpenAI and Google. On Wednesday, it released an app for Apple's iPhones that will offer Claude 3 to businesses at a rate of $30 per user per month...
Continue ReadingLike Meta Platforms (NASDAQ: META), Snap Inc (NYSE: SNAP) and Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Amazon.com Inc (NASDAQ: AMZN) reported better-than-expected quarterly results, with stronger than expected revenue being the result of the improvements on the ad business front. First Quarter Highlights In part due to its booming AWS division and its advertising service, Amazon reported revenue grew 12.52% YoY to $143.3 billion, surpassing LSEG’s estimate of $142.5 billion. Operati...
Continue ReadingRivian faces immense challenges overcoming production scaling headwinds amid broad EV industry weakness. Read why RIVN stock is a hold...
Continue Reading(Bloomberg) -- Microsoft Corp. and Brookfield Asset Management’s green energy arm signed the biggest corporate clean-energy purchase agreement ever announced, as the technology giant ramps up its investment in artificial intelligence.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerThe Ozempic Effect:...
Continue ReadingShares of the electric-vehicle maker rose about 4% in April, beating the S&P 500 by about 8 percentage points...
Continue ReadingApple (AAPL) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season...
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