(Bloomberg) -- US Commerce Secretary Gina Raimondo said her department is exploring how to force cloud companies to disclose when a foreigner taps their computing power to fuel artificial intelligence applications, signaling the next phase of the tech war between Washington and Beijing.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageTrump Ordered to Pay $83.3 Million for Defaming CarrollOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionMacKenzie...
Continue ReadingSmartphone makers are increasingly leaning into generative AI to sell their devices...
Continue ReadingAccording to data from S&P Global Market Intelligence, Amazon.com Inc (NASDAQ: AMZN), Google-parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT), Meta Platforms (NASDAQ: META) and Apple Inc (NASDAQ: AAPL) hold the highest cash and short-term investment balances among nonbanking companies in the S&P 500 community. Although they are not hurting cash-wise, they are also quite careful about their spending. Amazon and Google-parent Alphabet entered the new year by anno...
Continue ReadingMicrosoft Teams is experiencing an outage that has blocked access and limited features for some users. The issue began around 11 a.m. Eastern Time Friday and grew rapidly in scope, according to outage tracker DownDetector. Users have complained of an inability to access the service, delays in sending and receiving messages, and issues displaying graphics...
Continue ReadingThe EV king, Tesla Inc (NASDAQ: TSLA) had a blockbuster year, but that performance stayed in 2023. 2024 kicked off on a different note, with Tesla losing more than $94 billion in market valuation over the first two weeks of the year, marking its worse start to any year. But this isn’t the only reality check for Tesla. Although it finally launched its eagerly anticipated electric pickup before 2023 ended, even Tesla acknowledged how challenging it is to bring this particular vehicle to life. Tesl...
Continue ReadingAmazon (AMZN) Prime Video users will be facing higher prices if they want ad-free viewing. Starting January 29, customers will have to pay an additional $2.99 per month if they want to watch Prime Video content without ads. Yahoo Finance Senior Reporter Alexandra Canal reports the details in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich...
Continue ReadingShares of Tesla (TSLA) are beginning to bounce back after they originally slumped due to warnings of slowdowns in EV production growth. This is part of a growing concern about an overall slowdown in electric vehicle demand and concerns from drivers around EV batteries. Blink Charging (BLNK) CEO Brendan Jones joins Yahoo Finance to discuss the United States' EV infrastructure, driver concerns on charging range anxiety, and where the major opportunities lie moving forward. "The fleet space is literally on fire and then the multifamily space, as you're seeing more municipalities structurally adjust. I'll give you Massachusetts as an example. You can't repave, re-light, or create a new parking place in Massachusetts without 10 to 15% EV chargers being installed," Jones emphasizes. "Those are the big demands and that's where the majority of our focus. In-home sales, we do a lot of those as well, but public, DC fast charging is only about 10% of our mix. So we have to remember, we have to change the paradigm." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...
Continue ReadingDon’t blame recalls or Wall Street analysts—blame the rule of three instead. Tesla stock opened up 1.6% and traded to almost traded at almost $187 early on Friday, but receded to change hands at $183.93 for a 0.7% gain. The “three-day rule has to run,” says Gary Black, cofounder of the Future Fund Active ETF, which holds Tesla...
Continue Reading(Bloomberg) -- Tesla Inc. investors haven’t had a stretch this bad in a long time time. Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionJPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsUN Court Tells Israel to Protect Gazans, Avoids Cease-FireFed’s Preferred Core Price Gauge Cools Amid Robust SpendingShares of Elon Musk’s electric-vehicle giant have dropped 26% this month, wiping o...
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