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Tesla China-made EV sales fall 11.5% in March as competition rises

Tesla China-made EV sales fall 11.5% in March as competition rises

Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025.  Carlos Barria | Reuters Tesla sales of its China-made cars fell in March as competition from local players like BYD intensified. Tesla sold 78,828 electric vehicles in […]

Tesla China-made EV sales fall 11.5% in March as competition rises Read More »

USDC stablecoin issuer Circle files for IPO as public markets open to crypto

USDC stablecoin issuer Circle files for IPO as public markets open to crypto

Jeremy Allaire, Co-Founder and CEO, Circle  David A. Grogan | CNBC Circle, the company behind the USDC stablecoin, has filed for an initial public offering with the U.S. Securities and Exchange Commission. The S1 lays the groundwork for Circle’s long-anticipated entry into the public markets. While the filing does not yet disclose the number of

USDC stablecoin issuer Circle files for IPO as public markets open to crypto Read More »

TikTok creators, partners remain optimistic ahead of app’s second ban deadline

TikTok creators, partners remain optimistic ahead of app’s second ban deadline

Photo illustration shows the TikTok logo displayed on a mobile phone screen. Sopa Images | Lightrocket | Getty Images For the second time this year, TikTok is staring at a deadline that could determine its fate in the U.S. and that of numerous creators and brands that have built businesses on the Chinese-owned social app.

TikTok creators, partners remain optimistic ahead of app’s second ban deadline Read More »

AI chipmaker Cerebras announces CFIUS clearance, a key step toward IPO

AI chipmaker Cerebras announces CFIUS clearance, a key step toward IPO

Toronto , Canada – 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Artificial intelligence chip developer Cerebras said Monday that it has obtained clearance from a U.S. committee to sell shares to

AI chipmaker Cerebras announces CFIUS clearance, a key step toward IPO Read More »

AI’s vibe-coding era: How the shift to apps changed the race

AI’s vibe-coding era: How the shift to apps changed the race

Value within the artificial intelligence industry is slowly shifting, from the companies developing models to the apps building on top of them.  Early in the AI race, critics viewed apps like Perplexity, Replit, Sesame and Abridge as second-rate middlemen, slapping an interface on someone else’s technology. They were disparagingly known as AI wrappers: companies with

AI’s vibe-coding era: How the shift to apps changed the race Read More »

Huawei 2024 revenue surges to near-record high as China smartphone comeback takes hold

Huawei 2024 revenue surges to near-record high as China smartphone comeback takes hold

The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC Huawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated. Huawei reported revenue for 2024 of 862.1 billion Chinese yuan ($118.2 billion), a 22.4% year-on-year rise. It is the company’s second-highest revenue

Huawei 2024 revenue surges to near-record high as China smartphone comeback takes hold Read More »

After 20 years at the helm, Klarna’s CEO Sebastian Siemiatkowski is about to face his biggest test yet

After 20 years at the helm, Klarna’s CEO Sebastian Siemiatkowski is about to face his biggest test yet

Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images LONDON — After 20 years in the role as Klarna’s CEO, Sebastian Siemiatkowski is about to face his toughest test yet as the financial technology firm prepares for its blockbuster debut

After 20 years at the helm, Klarna’s CEO Sebastian Siemiatkowski is about to face his biggest test yet Read More »

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