Uncategorized – Page 123 – I wish I had more to offer

Analysis: Tesla taps Biden tax credits to offset EV price cuts

SEOUL, July 21 (Reuters) – Tesla (TSLA.O) CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. “It does make sense to sacrifice margins in favor of making more vehicles,” Musk said on Wednesday,… Continue reading Analysis: Tesla taps Biden tax credits to offset EV price cuts

UAW seeks Washington backing to pressure Detroit Three automakers in labor talks

WASHINGTON, July 21 (Reuters) – United Auto Workers President Shawn Fain has made winning the support of Washington a key part of the union’s strategy to nail down new labor deals with the Detroit Three automakers. Part of that approach includes a decision by the UAW to hold off on endorsing U.S. President Joe Biden’s… Continue reading UAW seeks Washington backing to pressure Detroit Three automakers in labor talks

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WASHINGTON/NEW YORK, July 21 (Reuters) – Top AI companies including OpenAI, Alphabet (GOOGL.O) and Meta Platforms (META.O) have made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to help make the technology safer, the Biden administration said. The companies – which also include Anthropic, Inflection, Amazon.com (AMZN.O) and OpenAI… Continue reading Untitled

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Dead EV batteries turn to gold with U.S. incentives

POOLE, England, July 21 (Reuters) – A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China’s dominance of the field. The IRA includes a clause that automatically qualifies EV battery materials recycled… Continue reading Dead EV batteries turn to gold with U.S. incentives

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TAIPEI, July 21 (Reuters) – Shares of Taiwan’s TSMC (2330.TW) slumped more than 3% on Friday after the world’s largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed. In early trade, Taiwan Semiconductor Manufacturing Co Ltd’s shares… Continue reading Untitled

Technologycategory

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[1/2]A view of Condor Galaxy supercomputing systems for artificial intelligence work made by Cerebras Systems, in Santa Clara, California, U.S., in this undated handout photo received on July 19, 2023. Courtesy of Rebecca Lewington of Cerebras Systems/Handout via REUTERS July 20 (Reuters) – Cerebras Systems on Thursday said that it has signed an approximately $100… Continue reading article with gallery

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WASHINGTON, July 20 (Reuters) – The U.S. Federal Trade Commission official on Thursday withdrew the agency’s case before an in-house judge that sought to block Microsoft’s (MSFT.O) $69 billion acquisition of game-maker Activision (ATVI.O). The agency has been pursuing a two-pronged attack against the proposed transaction. One was in district court, which refused last week… Continue reading Untitled

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WASHINGTON, July 20 (Reuters) – U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle suppliers in the American market. “Whether we are talking about hardware or software, in the same way there are concerns around telecom or TikTok, there are concerns around transportation technologies,” Buttigieg said… Continue reading Untitled