The latest report from Counterpoint Research indicates that Chinese electric vehicle maker BYD is poised to surpass Tesla in battery electric vehicle sales for the current year. This significant shift highlights the ever-changing landscape of the global EV market, with BYD’s market share expected to experience a notable surge. In the second quarter, BYD witnessed
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Tesla saw a surge in its stock price after announcing its second-quarter production and delivery figures, which surpassed analyst predictions. The company delivered 443,956 vehicles and produced 410,831 vehicles in Q2 2024, beating expectations. Analysts had estimated deliveries to reach 439,000 for the quarter, but Tesla exceeded that number by a significant margin. The stock
Salesforce investors have recently voted against the company’s compensation plan for top executives, citing concerns about the equity awards granted to CEO Marc Benioff. During the annual meeting, the resolution to approve the compensation plan received 339.3 million votes in favor and 404.8 million against. Shareholder advisory groups like Glass Lewis and Institutional Shareholder Services
The recent accusation of Meta by EU regulators for failing to comply with the bloc’s antitrust rules over its ad-supported subscription option has raised concerns about the company’s practices. This article critically analyzes the situation and delves into the implications of Meta’s actions. The Commission’s critique of Meta’s ad-supported subscription option as a “pay or
In the rapidly evolving landscape of fashion retail, Generation Z in Asia-Pacific is showcasing a significant shift in consumer behavior. Traditional methods of shopping, such as visiting department stores or shopping malls, are being replaced by online platforms where trends are set by idols and influencers. The Role of Social Media A recent report by
In a long-awaited development, Mt. Gox, the Japanese bitcoin exchange that famously collapsed into bankruptcy a decade ago following a massive hack, is finally preparing to repay its creditors. The hack, which occurred in 2011, resulted in the loss of up to 950,000 bitcoins, a significant portion of which has since been recovered. This recovery
Amazon, the e-commerce giant, is doubling down on its efforts to attract startups to its cloud infrastructure services amid heightened competition in the artificial intelligence (AI) space. In a bold strategic move, Amazon announced that it would be increasing the value of credits offered to eligible startups through its AWS Activate program. This move comes
In a recent exclusive interview with CNBC, George Zhao, CEO of Chinese smartphone company Honor, emphasized the importance of protecting user data in the era of artificial intelligence (AI). Zhao highlighted that the transformative power of AI is only valuable if user data is safeguarded against potential breaches and misuse. The Role of On-Device AI
The Center for Investigative Reporting recently made headlines by suing OpenAI and lead backer Microsoft for alleged copyright infringement. This lawsuit is just one of many similar suits filed by major publications such as The New York Times, Chicago Tribune, and the New York Daily News. The lawsuit, filed in the Southern District of New
The partnership between Qatari telecoms provider Ooredoo and chipmaker Nvidia has been described as compliant with all U.S. regulations. While this may be true, it is essential to question the extent to which these regulations are being adhered to and whether there might be any loopholes that could potentially be exploited. With the geopolitical tensions