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Tesla’s margin falls as it boosts discounts to drive demand

[1/2]Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake/File Photo July 19 (Reuters) – Tesla’s (TSLA.O) gross profit margin dropped to a four-year low in the second quarter after Chief Executive Elon Musk doubled down on a price war with rival automakers, but sales and profit still beat Street expectations.… Continue reading Tesla’s margin falls as it boosts discounts to drive demand

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WASHINGTON, July 19 (Reuters) – Microsoft Corp (MSFT.O) is expanding its suite of free security tools for customers, the software company said on Wednesday, following criticism that it was charging clients to protect themselves against Microsoft’s mistakes. The move follows a high-level hack that allowed allegedly Chinese spies to steal emails from senior U.S. officials… Continue reading Untitled

Technologycategory

Netflix scraps cheapest ad-free plan to boost ad-tier

July 19 (Reuters) – Netflix (NFLX.O) has removed its basic plan in the U.S. and UK in which users could watch shows and movies without commercials, as the company tries to draw more subscribers to its ad-supported tier. The company said on its website the $9.99-a-month basic plan would no longer be available for new… Continue reading Netflix scraps cheapest ad-free plan to boost ad-tier

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July 19 (Reuters) – Activision Blizzard (ATVI.O) and Microsoft (MSFT.O) on Wednesday extended the deadline for the close of their $69 billion deal by three months to Oct. 18 as the U.S. companies work to secure UK approval for the biggest gaming deal in history. The amended agreement also increases the deal termination fee to… Continue reading Untitled

Tesla lays out steps to building Europe’s biggest car plant

[1/2]A general view of Tesla’s Gigafactory Berlin-Brandenburg, the electric car manufacture, in Gruenheide, Germany July 18, 2023. REUTERS/Annegret Hilse/File Photo Summary Companies Tesla seeks approval to extend German EV, battery plant Plans battery cell testing, recycling Water recycling facility to be extended If approved, changes to take effect in H1 2024 BERLIN, July 19 (Reuters)… Continue reading Tesla lays out steps to building Europe’s biggest car plant

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SEOUL, July 19 (Reuters) – In a dimly lit recording studio in Seoul, producers at the K-pop music label that brought the world hit boy group BTS are using artificial intelligence to meld a South Korean singer’s voice with those of native speakers in five other languages. The technology enabled HYBE (352820.KS), South Korea’s largest… Continue reading article with video

Nissan, Renault ready to announce new alliance deal in days-sources

TOKYO, July 19 (Reuters) – Nissan (7201.T) and Renault (RENA.PA) will make an announcement in the coming days on their restructured alliance and have finalised the deal, people familiar with the matter said, capping 10 months of sometimes tense negotiations. Nissan has been working to define a lower threshold for its pledged, strategic investment in… Continue reading Nissan, Renault ready to announce new alliance deal in days-sources

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[1/5]The U.N. Security Council holds a meeting on Artificial intelligence at U.N. headquarters in New York City, U.S., July 18, 2023. REUTERS/Brendan McDermid UNITED NATIONS, July 18 (Reuters) – The United Nations Security Council held its first meeting on artificial intelligence on Tuesday where China said the technology should not become a “runaway horse” and… Continue reading article with gallery