Business News Stories
Wall Street Reacts as Meta Announces Ways It Will Be Draining Funds on AI Projects
Most part of Meta’s earnings call session was focused on the ways how the company will spend money, which was not taken well by investors. Mark Zuckerberg started the session with his confidence and ambitions of artificial intelligence, and then he slowly shifted his talk to the metaverse and...
photo: AP / Tony Avelar
A brutal elimination round is reshaping the world’s biggest market for electric cars
A “life and death race” has begun to unfold in the world’s largest market for electric vehicles (EV). Chinese EV makers showing off their newest models at Auto China, which kicks off in Beijing on Thursday, have enjoyed generous support from the government for years, with some growing rapidly to...
photo: Creative Commons
Tesla profit plunges 55%, as shares bounce on plans for cheaper vehicles
Tesla reported a 55 percent drop in profit amid fierce competition in the electric vehicle market, but shares rallied on plans to accelerate the production of more affordable models. The Austin, Texas-based company on Tuesday reported profits of $1.1bn in the first quarter, down from $2.51bn a year...
photo: AP / John Locher, File
Silent and brooding, Trump endures courtroom ordeal
Donald Trump sat in a New York courtroom yesterday watching history unfold, a glum witness to his own turn as the first US president to face criminal prosecution. Most court proceedings are deliberate, scripted and glacial - tedious for any observer to sit through, let alone a brash real estate...
photo: Angela Weiss/Pool Photo via AP
Hybrid Work Needs a Workplace Value Proposition
Why do people come to the office? And how can leaders make that time as meaningful and productive as possible? These questions are more urgent than ever with the majority of office workers now having some degree of hybrid flexibility. Today, 54% of remote-capable workers are working hybrid and...
photo: Creative Commons / Pixabay/ Free-Photos
Mark Zuckerberg thinks this one thing is more important than data in AI
Meta CEO Mark Zuckerberg said that data is not the most valuable thing when it comes to training AI models after the launch of Llama-3 models. In an interview with The Verge, he said, “The thing that I think is going to be more valuable is the feedback loops rather than any kind of upfront corpus."...
photo: Creative Commons / Anthony Quintano https://creativecommons.org/licenses/by/2.0/deed.en
Tesla cuts prices in China and Germany as competition heats up
Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets. On Sunday, the EV giant slashed the starting prices of four...
photo: Creative Commons / photo by Austin Ramsey on Unsplash
Rise in violence has West Bank back at heart of UN agenda
While the international spotlight has been focused on Gaza, the surge in settler-related violence in the West Bank has received less attention. But last week's killing of a young Israeli settler and the deadly retaliatory attacks on Palestinian villages and communities has put the issue of...
photo: AP / Majdi Mohammed
Opinion: An overhyped U.S.-China arms race in AI helps big tech and venture capital
It’s a familiar refrain in tech boardrooms and government corridors: China is aggressively challenging America to an arms race in artificial intelligence. Whoever wins will control the geopolitical landscape — and global economy — for generations. For years, Pentagon officials and...
photo: AP / Ng Han Guan
Oil prices jump on escalating tensions in the Middle East
Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading hours....
photo: Creative Commons

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