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Involution or evolution? China wants to stop the EV price war, but analysts are doubtful

Involution or evolution? China wants to stop the EV price war, but analysts are doubtful

A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — Chinese regulators aren’t pleased about the price war brewing in its automotive sector, but industry players and analysts only

Involution or evolution? China wants to stop the EV price war, but analysts are doubtful Read More »

British fintech Wise to move primary listing to the U.S. in blow to London stock exchange

British fintech Wise to move primary listing to the U.S. in blow to London stock exchange

The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing a fresh blow to the London stock exchange. Wise said in its full-year earnings statement that

British fintech Wise to move primary listing to the U.S. in blow to London stock exchange Read More »

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’

Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne, California.  Patrick T. Fallon | Afp | Getty Images Days after his nomination for

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’ Read More »

Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup

Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup

Nikesh Arora, CEO of Palo Alto Networks, appears on CNBC’s “Squawk Box” at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Nikesh Arora, the CEO of Palo Alto Networks, is joining Uber‘s board of directors, the company announced in a regulatory filing Wednesday. It comes amid a broader

Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup Read More »

This California startup is cleaning water and removing CO2 from the atmosphere — all at a reduced cost

This California startup is cleaning water and removing CO2 from the atmosphere — all at a reduced cost

As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits. Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a hefty price. Capture6, a startup in Berkeley, California,

This California startup is cleaning water and removing CO2 from the atmosphere — all at a reduced cost Read More »

Reddit sues AI startup Anthropic for breach of contract, ‘unfair competition’

Reddit sues AI startup Anthropic for breach of contract, ‘unfair competition’

Mateusz Slodkowski | Lightrocket | Getty Images Reddit is suing artificial intelligence startup Anthropic for what it’s calling a breach of contract and for engaging in “unlawful and unfair business acts” by using the social media company’s platform and data without authority. The lawsuit, filed on Wednesday, claims that Anthropic has been training its models

Reddit sues AI startup Anthropic for breach of contract, ‘unfair competition’ Read More »

Amazon to invest  billion in North Carolina data centers in AI push

Amazon to invest $10 billion in North Carolina data centers in AI push

A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Amazon plans to spend $10 billion on new data centers in North Carolina to expand its artificial intelligence infrastructure, the company said Wednesday. Amazon has earmarked up to $100 billion this year

Amazon to invest $10 billion in North Carolina data centers in AI push Read More »

Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere

Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere

Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Tesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May.

Tesla’s Australia sales soar in May — a bright spot amid struggles elsewhere Read More »

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