Tesla (TSLA) Q1 2024 vehicle delivery and production numbers

Tesla (TSLA) Q1 2024 vehicle delivery and production numbers

Tesla’s new Model 3 sedans wait to be shipped aboard at Shanghai Haitong International Automotive Terminal in Shanghai, China, on March 14, 2024. VCG | Getty Images Tesla just published its first-quarter vehicle production and deliveries report for 2024. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production Q1 2024: 433,371 Shares dropped 7% in premarket trading. … Read more

Zoom and Salesforce stand to benefit from Microsoft’s unbundling

Zoom and Salesforce stand to benefit from Microsoft’s unbundling

Microsoft’s rivals won a reprieve on Monday, when the software giant said it would split up its Teams and Office bundles following scrutiny from European regulators. Zoom, whose video chat app took off during the Covid pandemic, has struggled of late to compete with Microsoft’s suite of communications products. Slack, now owned by Salesforce, has … Read more

Japan approves $3.9 billion in subsidies to domestic chip maker Rapidus

Japan approves .9 billion in subsidies to domestic chip maker Rapidus

Holographic robot arms making semiconductor. Yuichiro Chino | Moment | Getty Images Japan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on semiconductor manufacturing. The latest round of support will include up to 53.5 billion yen … Read more

Rubrik files to go public as tech companies see thawing of IPO market

Rubrik files to go public as tech companies see thawing of IPO market

Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to move toward the public market after an extended lull dating back to late 2021. The Silicon Valley … Read more

Xiaomi shares up 15% after Chinese smartphone maker launches first EV

Xiaomi shares up 15% after Chinese smartphone maker launches first EV

A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province.  Future Publishing | Future Publishing | Getty Images BEIJING — Shares of Chinese smartphone maker Xiaomi surged 15% when the Hong Kong market opened Tuesday, the first trading day since the company launched its … Read more

Generative AI in art: How artists are using it

Generative AI in art: How artists are using it

Artist Refik Anadol uses generative AI to produce images, seen here as part of the “Echoes of the Earth: Living Archive” exhibition at Serpentine North, London. Hugo Glendinning | Courtesy Refik Anadol Studio and Serpentine. The art world — like many industries — is grappling with how best to use artificial intelligence, especially in its … Read more

In AI race with US, China is behind on a key weapon: Its own OpenAI

In AI race with US, China is behind on a key weapon: Its own OpenAI

People learn about Baidu’s artificial intelligence chatbot service Ernie Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November 23, 2023 in Hangzhou, Zhejiang Province of China.  China News Service | China News Service | Getty Images Nvidia’s rocket-ship ride in the stock market underscores the extent to which chip … Read more

How Maersk grew its shipping empire and how it’s evolving

How Maersk grew its shipping empire and how it’s evolving

Each year about 90% of world trade is transported by ship, according to the World Economic Forum. While commodities like oil and grain make up 40% of that cargo, large steel containers, filled with appliances, smartphones, and couches, make up the remainder. With its fleet of over 670 vessels, Maersk, one of the world’s largest … Read more

FOMO drives tech heavyweights to invest billions in generative AI

FOMO drives tech heavyweights to invest billions in generative AI

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Tech giants aren’t doing much acquiring these days, due mostly to an unfavorable regulatory environment. But they’re finding other ways to spend billions of … Read more

These were our 4 best and 4 worst portfolio stocks in the first quarter

These were our 4 best and 4 worst portfolio stocks in the first quarter

It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday’s session. It marked the index’s best first quarter in half a decade. The Dow Jones Industrial Average and Nasdaq also had strong … Read more