Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, has filed for a secondary listing in Hong Kong in what could be the city’s largest stock offering in years. The move by the Shenzhen-listed battery giant, a key supplier to Tesla, Volkswagen, and other major automakers, underscores Hong Kong’s growing role […]
Apple has teamed up with Chinese e-commerce giant Alibaba to develop artificial intelligence (AI) features for iPhones in China, a move seen as a strategic response to declining sales and growing local competition, according to The Information. The partnership comes as Apple faces mounting pressure from Beijing, which requires foreign firms to collaborate with domestic […]
NIO Inc.’s stock is trading lower on Tuesday following an announcement by BYD Auto regarding the inclusion of self-driving technology in its vehicles. The announcement is probably seen as a competitive challenge for NIO, as BYD’s integration of advanced technology into more affordable models could pressure premium EV brands. Apart from NIO, shares of several […]
OpenAI CEO Sam Altman has dismissed Elon Musk’s offer to buy the nonprofit that controls OpenAI, calling it “ridiculous” and reaffirming that the company is not for sale. Speaking to Reuters on the sidelines of an AI summit in Paris, Altman responded bluntly when asked about Musk’s reported $97.4 billion bid. “I have nothing to […]
Coca-Cola may shift a larger share of its packaging from aluminum to plastic bottles if President Donald Trump’s latest tariff hikes take effect, CEO James Quincey said Tuesday. Speaking during the company’s earnings conference call, Quincey explained that Coca-Cola has alternative packaging strategies to manage affordability and consumer demand. “If aluminum cans become more expensive, […]
Shares of Intel (NASDAQ: INTC) rose 8% on Tuesday after Vice President JD Vance emphasized the Trump administration’s commitment to protecting American artificial intelligence technology from foreign threats. Speaking at the AI Action Summit in Paris, Vance warned that some authoritarian regimes have misused AI for military and surveillance purposes. “Some authoritarian regimes have stolen […]
Meta, the social media behemoth behind Facebook and Instagram, is riding the crest of a wave after a historic winning streak that defied broader market trends and AI-related investor anxieties. While the stock has dipped slightly on Tuesday, its recent performance capped off a remarkable 16 consecutive days of gains, boosting its valuation and positioning […]
US stock futures remained largely unchanged on Tuesday evening, as investors awaited the release of January’s critical inflation report. The report’s findings are expected to offer crucial insights into the Federal Reserve’s interest rate plans, against a backdrop of fast-moving economic policies under President Donald Trump. The January CPI report is slated for release on […]
OpenAI CEO Sam Altman’s terse “no” at a Paris conference seemed to shut the door on Elon Musk’s surprise $97.4 billion bid. But experts say the reality is far more complex. Musk’s play, technically aimed at OpenAI’s nonprofit assets, could be less about acquiring control and more about strategically disrupting Altman’s efforts to reshape OpenAI’s […]
Following Meta CEO Mark Zuckerberg’s mid-January warning to employees about raising performance standards and cutting 5% of the workforce, recent layoffs impacting approximately 3,600 workers have generated controversy. Some affected employees are challenging the company’s assertion that the cuts solely targeted low performers, claiming they received favorable performance reviews. Zuckerberg’s warning: raising the bar on […]