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Text size Thomas M. Siebel, CEO of C3.ai Chris J. Ratcliffe/Bloomberg C3.ai stock is soaring Tuesday after the company announced the launch of a set of tools for generative artificial intelligence applications, jumping into the middle of what might be the hottest trend in the technology segment. Some generative AI tools, most notably the uber-trendy … Read more
“T’was the night before Christmas and Tesla was shutting its Shanghai plant down…” Reuters and other outlets reported that Tesla (ticker: TSLA) was suspending production at its Shanghai plant on Saturday, with the suspension lasting about a week.
Shares of industrial-defense company Textron are soaring Tuesday. Winning an $80 billion contract will do that. Monday evening, the U.S. Army announced it had selected Textron (ticker: TXT) subsidiary Bell Helicopter to supply its new long-range assault helicopter. Textron beat a joint bid from Lockheed Martin (LMT) and Boeing (BA).
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and … Read more
Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more
Walt Disney Co. displaced Netflix Inc. as king of the video-streaming market, and it is expected to widen the gap. Disney DIS, +0.33% seized the mantle three months ago as its potent content troika of Disney+, Hulu and ESPN+ reached 221 million customers, edging Netflix’s 220 million subscribers. Analysts expect Disney to report more than … Read more
Electric-vehicle maker Tesla looks to be cutting prices in China, the largest market for new cars and new electric vehicles on the planet. Trading Monday will give investors some idea of how the market views the move. Tesla Chinese website on Sunday showed lower prices to buy Tesla vehicles. A Model Y, for instance, now … Read more
Rivian Automotive is recalling nearly all of its vehicles to address a potential problem that could cause customers to lose steering control, the company said Friday. The electric truck and SUV maker said the recall was made after it discovered a fastener connecting the upper control arm and steering knuckle may have been improperly installed. … Read more
Funds investing in the metaverse are now managing more than $2bn globally, as a flurry of launches from some of Europe’s biggest asset managers look to take advantage of a hot investment trend. Data from Morningstar, provided to Financial News, shows a sharp increase in assets managed by funds focused on immersive virtual worlds, as well as in the … Read more
Nvidia Corp. Chief Executive Jensen Huang on Wednesday said he thinks it’s going to be “a pretty terrific Q4 for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics balk of a price hike during a softening in consumer demand. Nvidia NVDA, +0.65% expects high demand for gaming chips using its next-generation … Read more