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Tesla raised Model Y prices in key European countries, less than a month after cutting them and days after new U.S. discounts...
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Shareholders at Apple will vote on the tech company’s use of artificial intelligence in addition to the usual suite of environmental, social, and governance, or ESG, proposals. Segal Marco Advisors, on behalf of AFL-CIO Equity Index Funds, has filed a proposal that asks the company to prepare a so-called transparency report on its use of AI and to disclose any ethical guidelines it has developed for how it uses the technology. “We had an explosion in generative AI uses last year and so investors are very keen to evaluate the risks and opportunities,” said Lindsey Stewart, director of investment stewardship research at Morningstar “I think there’ll be some considerable interest in that proposal.”...
Continue ReadingBRUSSELS (Reuters) -Apple has won an exemption for its iMessage and Microsoft for its Bing search engine from new EU tech rules after the companies convinced antitrust regulators their services are not gateways for businesses to reach end-users. The European Union's Digital Markets Act, which takes effect in three weeks' time, requires Microsoft, Apple, Alphabet's Google, Amazon, Meta Platforms and ByteDance to allow third-party apps or app stores on their platforms and make it easier for people to switch to rivals. Following a five-month investigation, the European Commission found iMessage, Bing, Edge and Microsoft Advertising "did not qualify as gatekeeper services," the EU executive said in a statement...
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Uncertain EV demand, ongoing price wars, and lack of 2024 guidance on profit margins and growth pressure Tesla's stock. Find out why I'm downgrading TSLA stock...
Continue ReadingThe EU Commission on Tuesday said several service platforms provided by Apple and Microsoft should not be designated as 'gatekeepers', which would make them subject to onerous obligations under EU rules. The commission said an investigation opened in September had shown Apple's iMessage and Microsoft's online search engine Bing, web browser Edge and online advertising service Microsoft Advertising should not be designated as gatekeepers...
Continue ReadingARM stock has surged since its IPO, boosted by a strong F3Q performance and its potential in emerging AI, expanding its TAM. Check out my ARM thesis...
Continue ReadingA seasoned San Francisco cab driver might have avoided the intersection of Jackson Street and Grant Avenue, in the heart of the city's Chinatown on the first day of Chinese New Year. An autonomous Waymo robotaxi, by contrast, drove toward the cross streets on Saturday evening, when crowds were blocking all sides and revelers were lighting fireworks, according to two witnesses. The incident highlighted both the limited ability of robotic cars to make judgment calls and hostility to them for a host of reasons, such as concerns about safety, the jobs they might take from human drivers, and a more generalized fear of artificial-intelligence, according to officials and academics...
Continue ReadingMany on Wall Street have clamored that the market rally is set to broaden in 2024. Earnings expectations are starting to back their case...
Continue ReadingWith Sierra, a startup focused on building conversational AI chatbots for businesses, Taylor and Bavor have raised $110 million in funding from VC firms including Sequoia Capital and Benchmark...
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