Nvidia, in addition to Apple, is reportedly in talks to join OpenAI’s latest funding round, alongside Microsoft. This round, led by Thrive capital, would value the ChatGPT maker at more than $100 billion. It would also mean that the three most valuable tech companies are all investing in the same generative AI startup.
After a record sales quarter, analysts expect Tesla sales to fall in the current quarter, as the end of the government’s $7,500 EV tax credit crimps electric vehicle sales in general.
Tesla has a plan: it’s now renting Teslas from select dealerships, starting in Southern California, for up to a week at a time, starting at $60 a day.
The company has thrown in freebie features like Supercharging and Full Self-Driving (Supervised), and is giving those who choose to buy a Tesla within a week of their rental experience a $250 credit.
Will that help keep Tesla sales from falling? (Analysts polled by FactSet forecast sales in the fourth quarter to be down 9% and the full year to fall 7%, compared to the same period a year earlier.) Probably not, but supposedly car sales don’t really matter anymore to Tesla anyway: Tesla has its sights set on owning a future without poverty or crime but with driverless robotaxis and robot surgeons.
Shares of Tesla were up 2.3% in premarket trading as broader markets rose. Through Friday’s close, they were up 13% for the year, slightly underperforming the S&P 500.
The company has thrown in freebie features like Supercharging and Full Self-Driving (Supervised), and is giving those who choose to buy a Tesla within a week of their rental experience a $250 credit.
Will that help keep Tesla sales from falling? (Analysts polled by FactSet forecast sales in the fourth quarter to be down 9% and the full year to fall 7%, compared to the same period a year earlier.) Probably not, but supposedly car sales don’t really matter anymore to Tesla anyway: Tesla has its sights set on owning a future without poverty or crime but with driverless robotaxis and robot surgeons.
Shares of Tesla were up 2.3% in premarket trading as broader markets rose. Through Friday’s close, they were up 13% for the year, slightly underperforming the S&P 500.
Amazon is expanding its low-cost Amazon Haul experience to a new stand-alone app called Amazon Bazaar.
Amazon launched its Temu and Shein competitor a year ago as a US mobile storefront on its website and has since expanded to about a dozen markets. Consumers could purchase many items for under $10, as long as they were willing to stomach longer delivery times.
Now, thanks to success in those places, the programming is expanding to 14 new markets — Hong Kong, the Philippines, Taiwan, Kuwait, Qatar, Bahrain, Oman, Peru, Ecuador, Argentina, Costa Rica, the Dominican Republic, Jamaica, and Nigeria — with a new app and name: Amazon Bazaar.
“Both Amazon Haul and Amazon Bazaar deliver the same ultra low-price shopping experience, with different names chosen to better resonate with local language preferences and cultures,” the company said in a press release.
Now, thanks to success in those places, the programming is expanding to 14 new markets — Hong Kong, the Philippines, Taiwan, Kuwait, Qatar, Bahrain, Oman, Peru, Ecuador, Argentina, Costa Rica, the Dominican Republic, Jamaica, and Nigeria — with a new app and name: Amazon Bazaar.
“Both Amazon Haul and Amazon Bazaar deliver the same ultra low-price shopping experience, with different names chosen to better resonate with local language preferences and cultures,” the company said in a press release.
While data centers on land are getting all the attention, Big Tech’s vast network of undersea fiber-optic cables carry 99% of all international network traffic.
After watching small drones reshape the battlefield in Ukraine, the US Army has announced plans to buy 1 million drones over the next two to three years, according to a report from Reuters.
The military threat of China’s dominance of the quadcopter-style drone industry is also driving the decision. But China’s control over much of the supply chain for drones, including rare earth magnets, sensors, and microcontrollers, will make it much harder for American drone manufacturers to catch up.
