Tesla executives Drew Baglino and Rohan Patel recently announced their departure from the electric vehicle maker and clean energy company. Baglino, who had been with Tesla since 2006, worked his way up to become the company’s senior vice president for powertrain and energy engineering. Patel, who joined Tesla in 2016 after his role as a
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Tesla, the electric vehicle giant, has recently announced that it will be laying off more than 10% of its global workforce in an effort to cut costs and increase productivity. This decision comes as a response to the company’s struggles in the market, with Tesla’s shares taking a 3% dip following the news. The memo
With the abundance of music available on Spotify, the platform faces the challenge of helping users navigate through the vast catalog to discover music they will enjoy. Spotify’s suite of recommendation tools, such as Discover Weekly and Made for You Mixes, aim to provide personalized recommendations that resonate with users. The company’s focus on personalization
The U.S. government is currently contemplating the implementation of new laws to assist society in adapting to the rise of artificial intelligence. Some early adopters of this technology are already experiencing significant gains in labor productivity. One such example is Klarna, a financial services provider that offers a buy now, pay later option. Klarna estimates
In a recent interview with CNBC, a top Amazon executive, Stefano La Rovere, emphasized that the belief that robots and other technologies are replacing human jobs is simply a myth. According to La Rovere, advanced robotics, artificial intelligence, and other technological advancements are actually enhancing the roles of employees rather than eliminating them. He mentioned
Apple saw a significant increase in its shares on Thursday, rising by 4.3% to reach a price of $175.04. This surge marked Apple’s best performance since May 5, 2023. The boost in Apple’s stock value coincided with a strong day for technology stocks overall, particularly those involved in artificial intelligence. The Nasdaq Composite experienced a
Investor Vinod Khosla and Palantir advisor Jacob Helberg have recently penned an open letter calling on senators to pass a bill that would force the divestiture of Bytedance-owned TikTok in the U.S. Their main argument revolves around the assertion that TikTok is a “weapon of war” and therefore poses a significant national security threat. They
Microsoft is gearing up to introduce innovative artificial intelligence tools for both PCs and cloud services at its annual Build conference. The company’s focus on AI integration in everyday technology is evident in its upcoming plans for the event, as outlined in a recent session list. One of the key objectives for Microsoft at the
Alibaba, the Chinese technology giant, has faced a tumultuous past year filled with external and internal doubts and pressures. The company underwent a historic overhaul and significant management changes in an effort to reinvigorate growth and adapt to the changing landscape of the industry. Despite the challenges, founder Jack Ma commended the resilience and courage
Nvidia, a major player in the chipmaking industry, has recently experienced a significant drop in its stock price, entering what is known as “correction territory.” This decline comes after a period of impressive financial performance driven by the demand for its GPUs in artificial intelligence applications. The drop in Nvidia’s stock price can be attributed
Google is revolutionizing the cloud computing industry with its latest innovation – a custom-built Arm-based server chip. This move is a strategic attempt by Google to make cloud computing more affordable and competitive in the market. At the Cloud Next conference in Las Vegas, Google announced that the new processor will be available later in
In a tragic incident back in 2018, Walter Huang, an Apple engineer and father of two, lost his life after his Tesla Model X SUV, with Autopilot features activated, crashed into a highway barrier near Mountain View, California. The National Transportation Safety Board (NTSB) conducted an investigation and concluded that Tesla’s technology played a role
In a recent interview with CNBC, Brad Garlinghouse, the CEO of blockchain startup Ripple, made a bold prediction regarding the future of the cryptocurrency market. Garlinghouse stated that he sees the combined market capitalization of the entire crypto market reaching $5 trillion by the end of this year. This prediction is based on a number
Meta shares saw a significant increase in value on Thursday, reaching an intraday record high. This surge came after analysts at two firms raised their price targets on the stock, highlighting their optimism about the company’s expanding market share in the digital advertising space. Despite an initial climb of 4.6% to reach $530, the stock