On Wednesday, Tesla revealed its vehicle production and delivery numbers for the third quarter of 2024, showcasing the company’s ongoing challenges and successes in the electric vehicle (EV) market. The figures reported were total deliveries of 462,890 and total production of 469,796. Despite these substantial numbers, Tesla’s stock took a hit, dropping as much as
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India is positioning itself to enter the global semiconductor industry, with officials indicating that the country will begin fabricating its first chip within the next two years. This ambitious goal, as conveyed by Commerce Minister Piyush Goyal, underscores India’s determination to establish itself as a key player in a critical sector that has become synonymous
Cerebras Systems, an ambitious startup in the artificial intelligence (AI) chip sector, has recently made headlines with its prospectus for an initial public offering (IPO). The company plans to trade on the Nasdaq under the ticker “CBRS.” As competition heats up in AI hardware development, Cerebras positions itself against industry titans like Nvidia, which holds
Molly Cantillon’s journey into the tech industry epitomizes a critical need for inclusive environments that prioritize diversity and support female innovators. Having lived in multiple hacker houses, Cantillon realized that the predominantly male environments often sidelined women’s voices. Motivated by this gap, she founded the HackHer House in the San Francisco Bay Area, aiming to
In the fast-evolving landscape of artificial intelligence, OpenAI has established itself as a pioneering force. However, recent organizational changes have raised eyebrows among investors and industry observers. With significant departures within its leadership team, particularly that of Chief Technology Officer Mira Murati, OpenAI’s Chief Financial Officer, Sarah Friar, aims to reassure stakeholders about the company’s
The recent all-hands meeting at OpenAI, led by CEO Sam Altman, has unveiled significant turbulence within the organization, marked by executive departures and questions about equity compensation. During this meeting, Altman firmly rejected claims of a “giant equity stake,” stating emphatically that such information was “just not true.” This assertion, made in a video conference
American Eagle Outfitters (AEO) has taken a bold legal stance against Amazon, alleging that the e-commerce giant is infringing on its trademarks by utilizing unauthorized branding from its popular Aerie clothing line. In a lawsuit filed in the U.S. District Court for the Southern District of New York, AEO accuses Amazon of engaging in deceptive
Caroline Ellison, once a prominent figure in the cryptocurrency industry, recently found herself on the receiving end of a hefty sentence. The former CEO of Alameda Research, which was intricately linked to the now-defunct cryptocurrency exchange FTX, was sentenced to two years in prison by a federal judge in New York. This decision marks a
In recent years, the global tech investment climate has dramatically shifted, with an increasing number of Middle Eastern sovereign wealth funds stepping into the limelight. These oil-rich nations, primarily Saudi Arabia, the United Arab Emirates (UAE), Kuwait, and Qatar, are strategically diversifying their economic portfolios. As energy prices continue to rise, these funds are channeling
Elon Musk, a name synonymous with innovation and disruption in the technology world, is embarking on a multifaceted journey to reshape the landscape of artificial intelligence (AI). As the driving force behind Tesla and the newly established xAI, his ambitions extend far beyond traditional automotive manufacturing. This article explores Musk’s strategies, particularly focusing on the
