Ark Investment Management CEO Cathie Wood recently said Tesla (NASDAQ: TSLA) stock is the biggest artificial intelligence (AI) opportunity in the world, as the electric vehicle (EV) giant races to build the most advanced autonomous driving software in the industry. Tesla stock is the largest holding at Ark Invest, which operates 11 exchange-traded funds (ETFs) …
Elon Musk is no longer over-delivering like he used to, but he is still over-promising, according to a top economist, who pointed to the Tesla CEO’s recent insistence that his EV company should be valued like an AI company. In a Project Syndicate op-ed published on Wednesday, UC Berkeley economics professor and former Treasury official …
Warren Buffett’s Berkshire Hathaway reported strong first-quarter earnings as the conglomerate kicked off its annual shareholder conference. Wegovy and Ozempic: Are we ready for weight loss drugs? Omaha, Nebraska-based Berkshire added $21 billion in cash and Treasuries to its pile, bringing it to a record $189 billion last quarter — a 13% increase in just …
Image Credits: Jesse Grant/The Hollywood Reporter / Getty Images Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is closing in on a whoppin’ $6 billion funding round. The social network …
ELON Musk is plotting a UK boost for his space-beamed internet service as SpaceX prepares to launch thousands of extra satellites. Starlink’s network of satellites are designed to provide internet and mobile coverage to some of most remote locations in the world – including further-flung corners of the UK. Musk’s Starlink is applying to build more …
There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing a 55% drop in profits when compared to the same period last year. “We experienced numerous challenges in Q1, from the Red Sea conflict and the arson attack at Gigafactory …
The artificial intelligence (AI) gold rush is in full swing. The technology-heavy Nasdaq Composite advanced 31% over the past year as investors piled into the market, hoping to strike it rich. Sentiment is still running hot, but it’s important to be choosy when buying stocks. Not every company will be a long-term winner, and not …
Stocks started the day higher but fell later, as investors grew more cautious as Wednesday went on. The biggest jolts came from the technology and AI sectors, as major stocks fell. ChatGPT requires 15 times more energy than a traditional web search, says Arm exec The Dow Jones Industrial Average lost 45 points, or about 0.1%, to end …
Huawei Technologies launched its revamped Luxeed S7 electric sedan, co-developed with Chinese carmaker Chery Auto, and a new personal computer (PC) with built-in artificial intelligence (AI) support at its latest event on Thursday, but there was no mention of the highly anticipated P70 smartphone. The new version of the Luxeed S7 – the first version …
Tesla CEO Elon Musk said the electric vehicle giant is giving its artificial intelligence engineers a raise as the automaker tries to fend off poaching efforts by ChatGPT creator OpenAI. The tech billionaire made the revelation in a series of X posts Wednesday, confirming a report from The Information that Tesla machine-learning scientist Ethan Knight left for …