Tesla’s quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer’s ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during […]
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What started as a pragmatic effort to boost scientific research and development has morphed into sweeping Senate bill aimed at making the U.S. more competitive with China and other countries, including $50 billion in emergency funds to shore up domestic computer chip manufacturing. The American Innovation and Competition Act is key to President Joe Biden’s […]
Pressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong, who is back in prison after his conviction in a massive corruption scandal, even though business has rarely looked better at South Korea’s largest company. Lee is just the latest South Korean corporate boss to run his business from behind […]
Over the years, many tech pundits have repeatedly said that the peak smartphone era has ended and is long gone; and the numbers backed up those claims. A report by International Data Corporation (IDC) showed that the smartphone market saw negative growth for five quarters in a row, including the entirety of 2018. It appeared […]
President Joe Biden signed an executive order Wednesday intended to boost manufacturing jobs by strengthening U.S. supply chains for advanced batteries, pharmaceuticals, critical minerals and semiconductors. The United States has become increasingly reliant on imports of these goods — a potential national security and economic risk that the Biden administration hopes to address with the […]
Nvidia's revenue forecast on Wednesday raised questions over whether the artificial intelligence boom is waning.
OpenAI are seeking to overcome unexpected delays and challenges in the pursuit of ever-bigger large language models
Central to the semiconductor industry, geopolitics hindered Intel’s $5.4 billion acquisition bid for chipmaker Tower Semiconductor.
Cerebras Systems has sealed a massive $100 million deal with UAE tech group, G42, to bring some powerful AI supercomputers to the market.
ABB is expanding its main US robot factory as its customers there in the automotive, packaging and machinery industries confront a tight labour market as they bring production back home. The Swiss engineering company, which competes with Japan’s FANUC and Germany’s Kuka, is spending $20 million boosting capacity at its Auburn Hills site in Michigan […]