Posts with tag: technology
Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories as the automaker pushes to slash $2.6 billion in costs globally.
Published on: January 30, 2025, 02:00 AM UTC
Microsoft and Meta execs defend massive spending on AI, citing competition from Chinese upstart DeepSeek.
Published on: January 30, 2025, 02:00 AM UTC
Asian stocks fluctuated Thursday after the Federal Reserve held rates unchanged, with Chair Jerome Powell indicating no rush to lower borrowing costs. Some Asian markets remained closed for the Lunar New Year, while others saw mixed movement. The yen gained slightly, and US tech earnings were in focus, with Tesla and IBM reporting positive results. Meanwhile, investors monitored the start of megacap earnings season and concerns over tech sector concentration.
Published on: January 30, 2025, 01:00 AM UTC
AI development and spending are in flux as DeepSeek's lower-cost AI model challenges assumptions and raises concerns about overspending by US tech giants like Nvidia.
Published on: January 30, 2025, 12:02 AM UTC
Meta Q4 earnings top expectations, revenue outlook disappoints; AI spend to rise
Published on: January 30, 2025, 12:02 AM UTC
Tesla misses Q4 earnings expectations as investors seek a catalyst; revenue rises 2% to $25.71 billion, adjusted EPS at $0.73; company cites AI, R&D costs for lower profit; Model Y production to be halted for short time due to changeover; new vehicles, Cybercab still on track; energy storage business remains strong despite post-election stock decline.
Published on: January 30, 2025, 12:01 AM UTC
Metaverse and AI: Meta's Reality Labs losses mount to $60 billion, while it plans to invest $60-65 billion in AI strategy.
Published on: January 30, 2025, 12:01 AM UTC
Truth Social, the social media company founded by former President Donald Trump, is launching Truth.Fi, a financial services division that will offer financial products including ETFs and cryptocurrencies.
Published on: January 30, 2025, 12:00 AM UTC
Wolfspeed reports better-than-expected Q2 earnings, driven by demand for silicon carbide chips in electric vehicles, renewable energy, and data centers.
Published on: January 29, 2025, 11:08 PM UTC
Teradyne, a semiconductor-testing equipment manufacturer, forecasts Q1 revenue below estimates amid softened demand. Shares fell 2% after-hours.
Published on: January 29, 2025, 11:05 PM UTC