Chinese electric vehicle maker BYD is making waves in the EV market, with its battery electric vehicle sales expected to surpass those of Tesla this year. According to a Counterpoint Research report, BYD’s market share in the BEV sector is set to surge, highlighting the dynamic nature of the global EV market. In the second
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Tesla’s shares experienced a significant increase following the release of second-quarter vehicle production and deliveries numbers that surpassed analyst expectations. In the second quarter of 2024, Tesla delivered a total of 443,956 vehicles and produced 410,831 vehicles, outperforming estimates compiled by FactSet StreetAccount. Despite the positive news of exceeding delivery numbers, Tesla faced challenges such
Salesforce investors recently voted against the compensation plan for top executives, particularly CEO Marc Benioff. The annual meeting held on Thursday resulted in 404.8 million votes against the resolution to approve the compensation plan, outweighing the 339.3 million votes in favor. This disapproval from shareholders raises concerns about the equity awards granted to Benioff, indicating
Meta, the parent company of Facebook, has recently come under fire from EU regulators for failing to comply with the bloc’s antitrust rules regarding its ad-supported social networking service. The European Commission has accused Meta of implementing a “pay or consent” model, which forces users to either pay for an ad-free experience or consent to
The latest report from KPMG has revealed that Generation Z in the Asia-Pacific region is heavily influenced by idols and influencers when it comes to fashion choices. Unlike previous generations who used to visit brick-and-mortar stores for shopping, Gen Z now looks for trends online, following their favorite idols and influencers for inspiration. According to
The recent news of the Mt. Gox Japanese bitcoin exchange finally repaying its creditors after a decade is making headlines in the cryptocurrency world. Up to 950,000 bitcoins were lost in a major hack in 2011, with only 140,000 of those coins being recovered. At today’s prices, the total value of the bitcoins to be
In a recent move to stay ahead of its competitors, Amazon Web Services (AWS) has decided to double the value of credits offered to some startups to utilize its cloud infrastructure. This decision comes as a strategic response to the heightened competition from Microsoft in the realm of artificial intelligence services. Starting July 1, startups
As the CEO of Chinese smartphone company Honor, George Zhao, highlighted in an exclusive interview with CNBC, the true potential of artificial intelligence lies in its ability to transform our lives. However, he emphasized that this transformation can only be meaningful if user data is safeguarded. This notion challenges the recent move by Apple to
In a recent development, the Center for Investigative Reporting, the country’s oldest nonprofit newsroom, filed a lawsuit against OpenAI and Microsoft in federal court for alleged copyright infringement. This move is part of a broader trend in which news organizations are taking legal action against OpenAI for unauthorized use of their content. The Center for
Qatari telecoms provider Ooredoo recently made headlines with its new partnership with Nvidia, a major player in the world of technology and innovation. This collaboration marks Nvidia’s first significant entry into the Middle East market, signifying a milestone for both companies. The deal involves the deployment of thousands of Nvidia’s GPUs in 26 data centers