Tesla plans to build new electric vehicles in mid-2025
January 24, 2024 – 4:00 AM PST SAN FRANCISCO/DETROIT (Reuters) – Tesla (TSLA.O) has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover. Advertisement Tesla CEO Elon Musk […]
In EV catch-up race, legacy automakers hitch a lift with Formula E
January 22, 2024 – 10:04 PM PST Spectators watch the Cape Town ePrix REUTERS/Nic Bothma/File Photo LONDON, Jan 23 – Legacy automakers playing catch-up with EV leaders like Tesla (TSLA.O) are leaning on their Formula E electric racing teams for innovations to build better mass-production EVs with greater range and efficiency, or a lower price tag. Advertisement […]
Voice AI startup ElevenLabs gains unicorn status after latest fundraising -source
January 22, 2024 – 12:08 AM PST (Reuters) – Artificial intelligence (AI) startup ElevenLabs has gained unicorn status after its latest round of fundraising, a person familiar with the matter said, as surging investor interest for generative AI technology sends startup valuations soaring. Advertisement ElevenLabs on Monday said it raised $80 million in Series B […]
Binance to face off against US securities regulator in court
January 19, 2024 – 7:43 AM PST Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Binance is due to square off against the U.S. Securities and Exchange Commission in a Washington courtroom next week, in another high-profile […]
AI buzzes Davos, but CEOs wrestle with how to make it pay
January 17, 2024 – 1:16 PM PST DAVOS, Switzerland (Reuters) – Bright banners tout the promise of artificial intelligence along the main promenade of Davos, but executives at the World Economic Forum (WEF) say they are grappling with how to turn early demos into money-makers. Advertisement The arrival of OpenAI’s viral ChatGPT triggered a frenzy […]
Apple overtakes Samsung as top seller of smartphones
January 17, 2024 – 6:01 AM PST The iPhone 15 Pro is presented during the ‘Wonderlust’ event at the company’s headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott/File Photo (Reuters) – Apple (AAPL.O) ended Samsung Electronics’ (005930.KS) 12-year run as the largest seller of smartphones in the world, after commanding a 20% market […]
Musk wants 25% voting control at Tesla before fulfilling AI goal
January 16, 2024 – 7:24 AM PST (Reuters) – Tesla (TSLA.O) CEO Elon Musk said he would be uncomfortable growing the automaker to be a leader in artificial intelligence and robotics without having at least 25% voting control of the company, nearly double his current stake. Advertisement Musk said on Monday in a post on social media […]