Imagination Technologies lost more than half its market value in a single day this week when the chip designer revealed that Apple, its largest customer, was developing its own version of the graphical processing units in which the UK-based group has specialised. Apple’s initiative to make a GPU, however, should not have come as such as surprise to investors. It follows several months of intensive recruitment by […]
Tesla, the upstart electric carmaker, surpassed US motor pioneer Ford in market value on Monday, as investors look to a future beyond the internal combustion engine. Shares of Tesla, founded in 2003, rose 7.3 per cent to a market capitalisation of $48.7bn, gliding past the 100-year-old Ford, whose shares fell 1.7 per cent after disappointing March sales results to a market value of $45.3bn. While it is symbolic for […]
By Yashaswini Swamynathan U.S. stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the implications of President Donald Trump’s “very difficult” meeting with Chinese President Xi Jinping. Trump said in a tweet last Thursday that the meeting over the coming Thursday and Friday would be “a very difficult one” as the United States could not risk massive trade […]
One can count on smart and witty astrophysicist Neil deGrasse Tyson to throw someone a playful challenge every time. Take, for instance, his message for SpaceX founder Elon Musk during an “Ask Me Anything” session on Reddit Sunday. When asked about the recent Falcon 9 mission (its historic blastoff into space carrying a SES-9 satellite) and whether he would ever consider going to Mars via the Musk-owned company, […]
NEW YORK Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered, about 13,450 were Model S sedan and about 11,550 were Model X sports utility vehicle. Tesla has said it expects […]
After centuries of getting around primarily via horses, many people viewed the first automobiles with apprehension. This newfangled “horseless carriage” was considered too fast and dangerous to ever catch on. In the late 19th century, England even had a law called the Red Flag Act, which required self-propelled vehicles to be led at walking pace by someone waving a red flag. In 1895, the New […]
Your daily guide to community and cultural activities across the Emirates for March 31, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. newslide Dubai Family fun Visit RiseDCH and enjoy a variety of activities, including Wakefit fitness today and Metallize CrossFit tomorrow, screenings of Harry […]
Chinese social media company Tencent has purchased a 5 percent stake in Tesla for $1.78 billion, providing a boost to the company as it prepares for the launch of the Model 3 mass-market electric vehicle. The shares of Tesla increased by 2.7 percent to $277.45 upon the announcement of Tencent’s investment, with the company now close to overthrowing Ford as the second most valuable automobile company in the […]
Wednesday 04:40 GMT Overview Asian markets were mixed, with energy stocks benefiting from a recovery in crude oil prices, while the UK pound dropped after Prime Minister Theresa May dispatched the letter that will trigger Britain’s exit from the EU. Hot topic The pound weakened 0.3 per cent to $1.2409 in Asia trade, bringing its losses over the past two sessions to 1.2 per cent, in response […]
Telstra has announced that it will be launching a new suite of managed security services and two new cybersecurity centres in Melbourne and Sydney. According to Neil Campbell, Telstra’s director of Security Solutions, the offerings will be ready for customers by July 19, with the aim to make the cybersecurity challenge easier for organisations to deal with. “We’re taking this opportunity to rethink and reinvent really our […]
Tencent Holdings has forked out US$1.78 billion for a 5 percent stake in Tesla, according to a document filed with the US Securities and Exchange Commission (SEC). The announcement came days after the US electric car maker said it was looking to raise funds to scale its business and bring to market its US$35,000-priced Model 3. The company said it expected to secure more than US$1 billion […]
Elon Musk, pictured in 2015, referenced a new company called Neuralink in a tweet, promising to elaborate in a blog post Tech entrepreneur Elon Musk hinted Tuesday that he is working on a new startup focusing on brain-computer interface, part of his vision to help humans keep up with machines. Musk, the founder of electric carmaker Telsa and exploration firm SpaceX, referenced the new company called Neuralink […]
Tesla Motors and SpaceX boss Elon Musk says Neuralink will explore software on implantable devices for the human brain. Image: James Leynse Tesla and SpaceX boss Elon Musk has created another out-there venture called Neuralink, which will develop tech to enhance human brain capacity. Details of Musk’s new medical research company were reported by The Wall Street Journal on Monday. Musk plans to reveal more details in […]
Elon Musk is a man who wants to do a myriad of things: he wants autonomous electric cars cruising down streets in the near future, he wants to send people to Mars and our Moon, and he wants to build a substitute to trains that travels blazingly fast. Now, he has another item in his to-do list: to link up your human brain with artificial intelligence. How? With the […]
Elon Musk has finally shut down rumors that his own company, SpaceX, will greatly benefit from President Donald Trump’s latest bill for the National Aeronautics and Space Administration, or NASA. This is despite the unbelievable fact that the President just made human exploration to Mars a federal law. Elon Musk Not Happy Responding to a tweet by Kara Swisher, the cofounder of independent tech news website Recode, which implied that […]
Uber Technologies Inc [UBER.UL] suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said. The accident, the latest involving a self-driving vehicle operated by one of several companies experimenting with autonomous vehicles, caused no serious injuries, Uber said. Even so, the company said it was grounding driverless cars […]
Tesla CEO Elon Musk has confirmed that the highly anticipated Tesla solar roof tiles will be available to order starting in April. As global warming poses increasingly worrisome threats, the race is on to find cleaner energy solutions to reduce the carbon footprint and protect the environment. Tesla is among the most avid clean energy supporters and it’s been making notable efforts in the field, aiming to deliver environmentally […]
An Uber self-driving car has crashed in Arizona, dealing another setback to the US ride-hailing company after a spate of adverse publicity over internal management failures. The SUV was in a collision with another vehicle and rolled on to its side on Friday evening, according to local police. On Saturday, Uber said its vehicle was not carrying any customers at the time of the crash, but provided […]
Tesla Motors Inc (TSLA.O) will start taking orders for its solar roof tiles in April, Chief Executive Elon Musk said in a Tweet on Friday. The solar-powered roof shingles were unveiled in October last year to show the benefits of combining his electric car maker with solar installer SolarCity Corp SCTY.O. There was no detail on cost. (bit.ly/2n32HB8) Tesla has said previously the cost of the roof […]
Your Apple iCloud account may be open to attacks. Maybe the London-based hacker group — which goes by the name “Turkish Crime Family” — doesn’t have access to 250-million Apple iCloud account names and passwords. But they do have access to some indeterminate number of accounts, and that’s more than enough reason to exercise caution: Protect your iCloud password and data today or risk losing it tomorrow. […]
A new study looking into job automation estimates that millions of human workers around the world might lose their jobs to robots in the future. According to a new PwC report, many jobs worldwide risk automation from artificial intelligence and robotics by the early 2030s. However, the report notes that in many cases the jobs won’t disappear altogether, but rather change and adapt. US Jobs Most At Risk […]
Tech Times reported on March 11 that Tesla co-Founder and Chief Executive Officer Elon Musk backed up Lyndon Rive’s bold claim at the Powerwall 2 launch at Newport, near Melbourne, that the company can solve South Australia’s energy storage problems in 100 days with its new battery. Rive, Tesla’s Vice President for Energy Products, cited the company’s experience in building a power plant in South California in 90 […]
By Sijia Jiang | HONG KONG HONG KONG Chinese technology conglomerate LeEco is looking to sell a 49-acre U.S. Silicon Valley property less than a year after buying it from Yahoo Inc, sources said, in what is the latest effort by the firm to ride out a cash crunch. LeEco, one of China’s most ambitious companies that grew from a Netflix-like video website to a business empire […]
When Intel’s chief executive addressed shareholders at last month’s investor day, he insisted that the “traditional market view” of the company as a Silicon Valley stalwart making chips for PCs and servers was wrong. “The way we look at the world is a bit different,” Brian Krzanich said. “We are a data company.” Investors would soon discover just how differently Mr Krzanich was looking at Intel’s world. […]
