Brief news Tesla has cut its global staff to just over 121,000 people since 2023, including temporary workers, resulting in the company firing more than […]
Category: Tech
Nvidia is unknown despite briefly surpassing Apple and Microsoft in market cap
Brief news Nvidia, a global leader in the graphics processing units (GPUs) market, has experienced a remarkable surge in valuation since the end of 2022, […]
Musk softens ‘go f— yourself’ comment to win back advertisers
Brief news Elon Musk clarified his comments about advertisers leaving his X social media platform during the Cannes Lions advertising festival. During the event, WPP […]
Safe Superintelligence is launched by OpenAI co-founder Ilya Sutskever
Brief news Ilya Sutskever, former head scientist at OpenAI and former leader of the Super Alignment team, has announced his new AI company, Safe Superintelligence […]
Klarna rival Zilch raises $125 million to quadruple sales and hasten IPO
News in brief Deutsche Bank has provided $125 million in debt financing to British fintech business Zilch, enabling the company to triple sales in the […]
Malaysia is becoming a data centre powerhouse as AI demand rises
In brief Due to rising cloud and AI demand, Malaysia is attracting billions in data centre investments. DC Byte’s 2024 Global Data Center Index ranks […]
Starboard activist buys Autodesk, considers lawsuit over delayed probe disclosure
In brief Jeff Smith’s activist fund, Starboard Value, has taken a significant stake in Autodesk, a graphics-design firm, over concerns about its internal investigation that […]
Tesla shareholders reinstate Musk’s $56 billion compensation
In brief Tesla shareholders approved CEO Elon Musk’s 2018 pay package after a Delaware judge revoked it in January. At the annual meeting in Austin, […]
Elon Musk says Optimus robots may make Tesla worth $25 trillion, more than half the S&P 500
In brief Elon Musk said humanoid robots might boost Tesla’s market worth to $25 trillion over an undisclosed period at the 2024 annual shareholder meeting. […]
Chinese EV stocks rise after EU imposes 38% import duties
In brief After the EU imposed 38% tariffs on Chinese EVs a day earlier, their shares rose on Thursday. “The move is modest compared with […]