Tesla’s shares saw an uptick following the release of its second-quarter vehicle production and delivery numbers, surpassing the expectations of analysts. The company delivered a total of 443,956 vehicles and produced 410,831 vehicles during the second quarter of 2024. Despite a 4.8% decrease in deliveries compared to the previous year’s second quarter, Tesla’s stock surged
Enterprise
Salesforce recently faced backlash from investors regarding their compensation plan for top executives, particularly CEO Marc Benioff. In a surprising turn of events, shareholders voted against the resolution to approve the compensation, with 404.8 million votes against and only 339.3 million in favor, as per a regulatory filing on Monday following the annual meeting. The
EU regulators have accused Meta, the parent company of Facebook, of failing to comply with the European Union’s landmark antitrust rules regarding its ad-supported social networking service. The Commission highlighted the ad-supported subscription option as a “pay or consent” model, which forces users to either pay for an ad-free experience or consent to their data
The latest report by KPMG highlights the changing consumer behavior among Generation Z in the Asia-Pacific region. Unlike previous generations who preferred physical shopping experiences, Gen Z now turns to online platforms for fashion inspiration. They are heavily influenced by idols and influencers, particularly on social media platforms like TikTok. According to the survey conducted
Mt. Gox, once the largest spot bitcoin exchange globally, faced bankruptcy a decade ago due to a major hack. The exchange lost up to 950,000 bitcoins in the 2011 cyberattack when the cryptocurrency’s value was significantly lower than it is today. However, approximately 140,000 bitcoins have been recovered, resulting in a projected $9 billion worth
Amazon’s cloud infrastructure arm, AWS, is ramping up its efforts to attract startups by doubling the value of credits offered to them. Starting July 1, startups that have recently secured Series A funding will be eligible for $200,000 in credits, up from the previous $100,000. This move comes as Amazon faces stiff competition from Microsoft
In a recent exclusive interview, CEO of Chinese smartphone company Honor, George Zhao, emphasized the crucial need for user data protection in the realm of artificial intelligence. Zhao pointed out that while AI has the potential to transform various aspects of technology, it is essentially worthless without proper safeguards in place to protect user data.
The recent lawsuit filed by the Center for Investigative Reporting (CIR) against OpenAI and Microsoft for alleged copyright infringement has sparked a debate in the tech and news industries. This legal battle sheds light on the growing concerns regarding the use of AI-generated content and the protection of intellectual property rights in the digital age.
Qatari telecoms provider Ooredoo recently announced a new partnership with Nvidia, setting a groundbreaking precedent for the Middle East market. This collaboration is poised to revolutionize the region’s access to cutting-edge technology, specifically in the realm of artificial intelligence (AI). While the details of the deal remain undisclosed, the deployment of thousands of Nvidia’s graphics
Recently, Tesla has issued two additional recalls for its Cybertruck pickups in the U.S. This marks the third and fourth recalls for the Cybertruck, raising concerns about the vehicle’s quality and reliability. The recalls involve physical repairs that need to be completed by Tesla service personnel. One recall addresses trim pieces that have been reported