Tag: Business
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Automakers, retailers warn US memory-chip shortage is impacting prices
WASHINGTON, June 3 : The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday.The groups said in a letter to t
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Tesla rolls out unsupervised robotaxis in Austin
June 3 : Tesla said on Wednesday it was rolling out its unsupervised robotaxis in the Austin Metro area in Texas, as the electric-vehicle maker looks to speed up its autonomous ride-hailing operation.Expanding the robotaxi service and wider adoption of its full self-driving software – a version of which under
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OpenAI’s Altman to urge US lawmakers not to require AI model approvals
WASHINGTON, June 3 : OpenAI CEO Sam Altman will advocate against proposals that AI developers obtain U.S. government approval before releasing new models to the public, according to a company statement on Wednesday, as part of a broader effort to shape regulation of the technology.Altman, who is visiting Wash
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SpaceX wins Texas county approval for reinvestment zone tied to Terafab chip facility
ANDERSON, Texas/NEW YORK, June 3 : SpaceX won approval for a reinvestment zone in Texas on Wednesday despite fierce opposition from residents, clearing a key hurdle for a proposed $119 billion Terafab semiconductor manufacturing complex.The project is central to SpaceX’s efforts to expand beyond rockets and s
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Automakers, retailers warn memory chip shortage impacting prices
WASHINGTON, June 3 : The drastic shift of memory chips to artificial intelligence data centers could lead to dramatic price hikes in consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said Wednesday.The Alliance for Automotive Innovation, National
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Nissan inks deal to make Chery’s UK vehicles at Sunderland facility
June 3 : Japan’s Nissan has signed a deal with Chinese automobile manufacturer Chery to manufacture the latter’s UK passenger vehicles at its Sunderland facility in Britain, the companies said on Wednesday.Nissan would continue to fully own the Sunderland facility, the statement said. The Japanese auto
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Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
June 3 : Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign of strong investor appetite for big tech companies as they expand their AI infrastructure and computing power.On Monday, the Google parent said it would raise $80 billion, as big tech companies compete to out-build e
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Yen hovers near 160 level, prompting warnings from Japanese officials
NEW YORK/LONDON, June 3 : Underlying dollar strength pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders on alert for intervention, as fresh Gulf hostilities bolstered demand for the U.S. currency.The U.S. said Iran launched ballistic
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Meta enters enterprise AI race with new business agent
LONDON, June 3 : Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player in the enterprise AI market.Announced at the company’s WhatsApp-focused Conversations conference in London, the new
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Indonesian parrot, seen once in a century, reappears in mountain forest
June 3 : For the past century, the Blue-fronted Lorikeet was one of Indonesia’s most elusive birds, known only from a 2014 photographic record and a handful of museum specimens, with a lingering hope that it had not vanished. After days of climbing through sharp limestone, biting insects and difficult mountain terra
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