BUSINESS Archives - Page 54 of 68

Elon Musk's xAI Seeks $4 Billion to Rival OpenAI, Values Company at $18 Billion 2024.04.15 Distributes investment documents, competing with OpenAIValues xAI at $18 billion According to a Bloomberg report on the 12th (local time), Tesla CEO Elon Musk is seeking to raise $4 billion for his AI startup, xAI, to compete with OpenAI, the developer of ChatGPT. According to the report, citing documents Musk sent to investors, xAI plans […]

EV Sales Suge Globally, US Market Sees Significant Growth 2024.04.15 Bloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]

Morgan Stanley, Upward Adjustment to Xiaomi EV's Target Price 2024.04.15 Morgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]

Tesla to Reveal its Robotaxi on August 8th 2024.04.15 New Declaration Leading Rebound on Tesla’s Stock Tesla CEO Elon Musk has announced on social media platform X that Tesla’s robotaxi will be unveiled on August 8th. This announcement carries the potential for a new revenue stream for Tesla, targeting an advanced level of autonomous driving beyond the existing ‘Autopilot’ and ‘Full Self Driving (FSD)’ […]

Bitcoin ETFs: New Gold Rush for Financial Institutions 2024.04.15 Major institutional investors disclose 13F filings, including Park Avenue SecuritiesPositive outlook amid Bitcoin halving Global financial companies were confirmed to have made large purchases of Bitcoin spot ETFs in the first quarter of this year. Analysis suggests growing confidence in Bitcoin’s investment value. According to the 13F (Form 13) submitted to the U.S. Securities and […]

Tesla Lowers FSD Subscription Price in North America 2024.04.15 Tesla has halved the subscription fee for its Full Self-Driving (FSD) system in North America. Tesla announced on the 13th (local time) that it has reduced the subscription price for its fully autonomous driving system in the United States and Canada. This move is interpreted as stimulating sales amidst weak demand and price competition. According […]

Tesla's Cybertruck Production Trim: A Prelude to Massive Job Cuts? 2024.04.15 Due to poor performance, rumors of large-scale layoffs are circulating among workers.First quarter results will be announced after the market closes on the 23rd. Tesla has decided to shorten the production line of its electric pickup truck, the Cybertruck, and there appear to be rumors circulating among workers that there will be large-scale layoffs. It […]

Russia Urges Caution as Iran-Israel Conflict Escalates 2024.04.15 Russia is worried about the ongoing tension in the Middle East. On the 13th (local time), Russia expressed extreme concern about Israel’s airstrikes on Iran and urged all parties involved to exercise restraint. In its statement on Iran’s attack on Israel, the Ministry of Foreign Affairs of the Russian Federation said, “We express extreme concern […]

Future of Car Customization: Tesla Cybertruck Leads the Way 2024.04.15 Predictions have emerged that Tesla’s large electric truck model, the Cybertruck, will contribute to revitalizing the car tuning market. Its simple design can be modified in various ways, leading to the expectation that the roads will soon be filled with uniquely customized Cybertrucks. According to industry sources on the 13th, the equipment utilized for Tesla […]

Delta Air Lines Surpasses Expectations, Eyes Record Revenue in Q2 2024.04.15 Delta Air Lines surpassed market expectations with its Q1 results and is anticipated to record its all-time high revenue in Q2. Delta Air Lines’ revenue for Q1 this year was $13.7 billion, marking a 7.8% year-over-year increase, and its operating profit successfully turned to a surplus of $610 million. Non-GAAP earnings per share outperformed market […]

Apple Store Workers Unionize in New Jersey, Following in the Footsteps of Oklahoma and Maryland 2024.04.13 ORIGINAL LINK: https://alphabiz.co.kr/news/view/1065585880777685 A union is forming at Apple’s New Jersey store. According to a member of the organizing committee on the 10th (local time), employees at the Apple store in Short Hills, New Jersey, have submitted a union representative application. The store manager of the Short Hills location, who is also a member of […]

Ark Invest CEO Cathie Wood Bets Big on OpenAI 2024.04.12 Cathie Wood, CEO of Ark Invest, also known as “Money Tree Sister” in South Korea, revealed that she owns shares in OpenAI, the developer of ChatGPT. According to Bloomberg on the 11th (local time), Wood wrote in a letter to investors the previous day, “As of the 10th, the Ark Venture Fund is invested in […]

Amazon's E-commerce Dominance Continues, Overshadowing Walmart 2024.04.12 Amazon.com, Inc. (AMZN) is expected to continue improving its profitability after all of its business units recorded strong results last quarter and announced plans for layoffs. Amazon’s earnings per share (EPS) for the fourth quarter of 2023 exceeded market expectations by 24.2%. The cloud division met market expectations, while the e-commerce division exceeded them. Amazon’s […]

Safety First: Lufthansa Temporarily Stops Flights to Tehran 2024.04.12 Germany’s Lufthansa has suspended its flights to Iran. On the 10th (local time), Lufthansa announced that it had halted flights to Tehran in anticipation of possible Iranian retaliation against Israel. Countries surrounding the Middle East and the United States have been on high alert for possible Iranian attacks since allegations arose on April 1 that […]

Fear of Iran's Response to Israel Sends Oil Prices Skyrocketing 2024.04.12 West Texas Intermediate (WTI) crude oil prices have surged once again. On the 10th (local time), the news that the United States and its allies are reporting an imminent primary missile or drone attack by Iran on Israeli military and government targets quickly reversed a previous drop in oil prices, leading to a sharp increase. […]

Uber Enhances Safety Features for Passengers Globally, Including Women Passengers Riding at Night 2024.04.12 Uber is stepping up its safety features, which have been raised repeatedly. On the 10th (local time), Uber they were announced that it is enhancing safety features for passengers worldwide, including minimizing the risk for female passengers using the service at night and ensuring their security. The features will allow passengers to choose up to […]

Citadel CEO Ken Griffin Bets Big on Amazon's AI Future 2024.04.12 Citadel LLC CEO Ken Griffin has increased his stake in Amazon.com, Inc. This decision is based on Amazon’s growing prominence as a leader in AI (Artificial Intelligence) within the cloud and e-commerce platforms. According to industry sources on the 10th, Griffin’s Citadel hedge fund has more than tripled its investment in Amazon.com, Inc. Citadel’s top […]

US and Australia Struggle as China Cancels Wheat Orders 2024.04.11 Chicago wheat futures prices have fallen by 10% since the start of the yearChina cancels order for 504,000 tons of U.S. wheatFood Security Law to take effect in JunePressure to curb grain imports increases Wheat prices have plummeted as China, the world’s largest grain importer, recently canceled large wheat orders from the U.S. and Australia. […]

Meta's Artemis: Revolutionizing AI and Energy Efficiency 2024.04.11 Meta unveiled a new AI chip. Meta revealed the details of its next-generation in-house AI accelerator chip on the 10th (local time). Internally referred to as Artemis, the new chip is expected to help Meta reduce its reliance on Nvidia’s AI chips and cut overall energy costs. Meta stated in a social media post, “The […]

U.S. EV Market Brand Loyalty is Highest for Tesla at 87% 2024.04.11 It was investigated that brand loyalty for Tesla remains high in the U.S. market. According to a survey by Bloomberg Intelligence, Tesla boasted the highest brand retention rate at 87%, followed by Lexus at 68%, Toyota at 54%, Ford at 53%, Honda at 51%, Nissan at 49%, BMW at 44%, Subaru at 42%, Jeep at […]

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