“We’re really moving into a future that is based on autonomy,” Tesla (TSLA) CEO Elon Musk said on the company’s Q4 earnings call last night. Musk’s sentiments essentially indicated a crossing of the Rubicon, laying the groundwork for Tesla’s departure from being a car company into an embodied AI future. Gone are some of the […]
SANTA FE, N.M. (AP) — The first stand-alone trial from state prosecutors in a stream of lawsuits against Meta (META) is getting underway in New Mexico, with jury selection starting Monday. New Mexico’s case is built on a state undercover investigation using proxy social media accounts and posing as kids to document sexual solicitations and […]
Tesla (TSLA) plans to more than double capital spending to a record high of more than $20 billion this year – but little of it will go to its traditional business of selling electric vehicles to human drivers. The company, which last year lost its global EV sales crown to China’s BYD, is instead shifting […]
Investors responded to Big Tech earnings this week with a stark warning: they will forgive record spending that brings solid growth, but punish companies if not, showing how much the stakes have changed since ChatGPT’s launch more than three years ago. Revenue at Facebook owner Meta Platforms (META) surged 24% in the December quarter, benefiting […]
Corning on Wednesday forecast first-quarter sales above estimates, boosted by resilient demand for its fiber‑optic products, which generate nearly 40% of the company’s revenue. The Gorilla Glass maker, a key supplier to Apple, has stepped up investment in its optical communications business as major technology companies race to expand data‑center infrastructure to support rising AI […]
Apple is set to report its strongest iPhone sales growth in four years on Thursday, driven by robust demand for its premium Pro models as it prepares to roll out artificial intelligence features developed with Google’s technology. Investors, however, will look for comments from the company on how it aims to navigate a global memory […]
TikTok’s new US business, led by a group of mainly American investors approved by President Donald Trump, is off to an inauspicious start. The wildly popular TikTok app has been on the fritz for several days. While other social media sites have been full of speculation that the Trump-aligned joint venture is suppressing criticism, TikTok […]
Jan 27 (Reuters) – Enterprise artificial intelligence software provider C3.AI (AI) is in talks to merge with privately held startup Automation Anywhere, The Information reported on Tuesday, citing people familiar with the discussions. If the deal materializes, Automation Anywhere would buy C3.AI and go public as a result, the report added. Reuters could not immediately […]
Meta (META) is set to report its fiscal fourth quarter earnings after the bell on Wednesday, and Wall Street will be paying close attention to the company’s continued spending on AI data centers. Meta’s stock price is down more than 12% since it reported its third quarter earnings in October, with investors raising concerns about […]
Tesla’s (TSLA) upcoming fourth quarter earnings report, slated for release on Wednesday after the bell, comes at a time when investors are looking for non-auto business catalysts for the stock. For the quarter, Tesla is expected to report revenue of $25.11 billion (per Bloomberg estimates), a 2.4% drop from a year ago. Tesla is expected […]
This article first appeared on GuruFocus. Micron Technology (NASDAQ:MU) warned that the current global memory chip shortage has intensified to unprecedented levels and is expected to last beyond 2026. In a recent interview, Executive Vice President Manish Bhatia stated that high-bandwidth memory used in AI accelerators is consuming so much of the available capacity across […]
Meta (META) plans to test new subscriptions that give people access to exclusive features on it apps, the company told TechCrunch on Monday. The tech giant said the new subscriptions will unlock more productivity and creativity, along with expanded AI capabilities. In the coming months, Meta said it will offer a premium experience on Instagram, […]
