U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla's recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after identified concerns due to crash events after vehicles had the recalled software update installed "and results from preliminary NHTSA tests of remedied vehicles". NHTSA also cited Tesla's statement "that a portion of the remedy both requires the owner to opt in and allows a driver to readily reverse it."...
Continue ReadingThe Tesla growth story looks to be officially over...
Continue ReadingA look at the day ahead in U.S. and global markets from Mike Dolan A volatile week for Wall Street megacaps looks set to end with a positive twist as Microsoft and Alphabet earnings wowed the gallery overnight, while the yen plunged anew in Asia as the Bank of Japan left policy on hold. After a day in which Meta's outsize spend on artificial intelligence appear to spook investors and sent both its stock and the wider tech sector into tailspin, its rivals appeared to steady the ship overnight. Microsoft beat estimates for its quarterly revenue and profit, driven by gains from adoption of artificial intelligence across its cloud services, and its shares jumped more than 4% in extended trade...
Continue ReadingTesla needs to spend more on the graphic processing units Nvidia sells to develop the driverless car technology...
Continue ReadingAlphabet shares surge after Google’s parent posts better-than-expected earnings and announces its first cash dividend, Microsoft posts 31% quarterly growth in Azure cloud-computing revenue, and Snap soars after issuing a strong forecast for second-quarter sales. Earnings are scheduled Friday from Exxon Mobil and Chevron...
Continue ReadingThe artificial intelligence race is getting more expensive for all. Google and Microsoft latest results managed to take some of the sting out of the rising price tag. Microsoft dropped $14 billion between capex and equipment acquired under finance leases in the latest quarter—more than the company used to spend in an entire year just five years ago...
Continue ReadingThe panel will advise the Department of Homeland Security on deploying artificial intelligence safely within America’s critical infrastructure...
Continue ReadingThe latest investor updates on stocks that are trending on Friday...
Continue ReadingThe combination of artificial intelligence (AI) and cybersecurity is a match made in heaven...
Continue ReadingDiscover how Microsoft's strategic focus on cloud and AI technologies drove significant revenue and earnings growth in the third quarter of 2024...
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