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Tag: TEEQ08

  • China’s answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints

    Ernie’s launch comes as Google, Microsoft step up AI game Baidu shares tumble as CEO gives short video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and video BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its long-awaited AI-powered chatbot known as Ernie Bot, […]

  • Meta to cut 10,000 jobs in second round of layoffs

    March 14 (Reuters) – Facebook parent company Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs, the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. Meta shares rose 6% on the news. The widely anticipated job cuts are part of […]

  • Exclusive: Dutch respond to US China policy with plan to curb semiconductor technology exports

    AMSTERDAM/WASHINGTON March 8 (Reuters) – The Dutch government on Wednesday announced it was planning new restrictions on exports of semiconductor technology to protect national security, joining the United States’ efforts to limit chip exports to China. curb. The U.S. imposed sweeping export restrictions on shipments of U.S. chip-making tools to China in October, but for […]

  • Germany could ban China’s Huawei and ZTE from sharing 5G networks – source

    German review of security of telecom technology providers Could ban providers controlled by a third state government Can force operators to tear and replace, no compensation Unclear which components could be banned, how often they are used BERLIN, March 7 (Reuters) – Germany is considering banning certain components from Chinese companies Huawei and ZTE in […]

  • Exclusive: U.S. solar panel imports from China are on the rise, easing the gridlock, officials say

    March 6 (Reuters) – US solar panel imports are finally picking up after months of stalemate due to the implementation of a new law banning goods made with forced labour, according to two Chinese solar companies. A White House official confirmed the thaw in shipments at an energy conference on Monday, attributing it to clearer […]

  • Wall St climbs as lower Treasury yields push mega-cap stocks higher

    Apple surges as GS coverage begins ‘buy’ rating Chinese ADRs fall after Beijing’s modest 5% growth target Crypto Stocks Drop as Silvergate Suspends Payment Network Indexes up: Dow 0.18%, S&P 0.24%, Nasdaq 0.28% March 6 (Reuters) – US stock indices rose on Monday as Treasury bond yields fell further ahead of Federal Reserve Chairman Jerome […]

  • SoftBank’s Arm aims to raise at least $8 billion in US IPO, sources say

    NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to look to raise at least $8 billion from what is expected to be a blockbuster in the US stock market be this year, people familiar with the case said Sunday. Arm is expected […]

  • Wall Street rally, on course for weekly gains as Treasury yields fall

    Indexes set for weekly gains S&P 500 breaks through 50-day moving average Indexes up: Dow 0.85%, S&P 1.29%, Nasdaq 1.66% NEW YORK, March 3 (Reuters) – Wall Street moved ahead on Friday towards the end of an up and down week as US Treasury yields fell and economic data helped investors see past the growing […]

  • AI stocks soar as investors bet on growth prospects

    March 3 (Reuters) – Shares of artificial intelligence-based (AI) product makers zoomed in on Friday as a strong forecast from retail darling C3.ai Inc (AI.N) reinforced a continued euphoria in the segment driven by the launch of OpenAI’s ChatGPT . C3.a1 forecast better-than-expected revenue and earnings for both the fourth quarter and fiscal year 2023 […]

  • Elon Musk’s ‘Master Plan’ for Tesla Fails to Charge Investors

    March 2 (Reuters) – Shares of Tesla Inc (TSLA.O) fell about 7% on Thursday, after Chief Executive Elon Musk and the team’s four-hour presentation failed to impress investors looking for an announcement about an affordable electric car and a plan with a concrete timeline. Musk and more than a dozen executives presented new plans to […]