Tesla’s Slower Autonomous Rollout
Tesla reported strong third-quarter results buoyed by the company turning a corner with the Cybertruck, which generated profit for the first time. Lower material costs, an expanding energy business and sales of regulatory credits to automakers that need help complying with emissions limits also contributed to Tesla’s best quarterly earnings in more than a year.…
Science & Technology
Black Founders Had a Great Fundraising Quarter…With a Catch
On one hand, US-based, Black-founded startups have already raised $643M, 70% of what was raised in the entirety of last year. But dig a little deeper into the numbers, and you’ll find that in the words of Crunchbase’s head of research: “…data has shown a persistent decline in funding to Black-founded companies that outpaces the…
Bloomberg Technology
Anthropic Disables AI Access for Foreign Nationals | Bloomberg Tech 6/15/2026
Bloomberg’s Ed Ludlow breaks down why Anthropic disabled access to its most advanced models for all foreign nationals after a request from the Trump administration. Plus, Nvidia is seeking to raise at least $20 billion from its first corporate bond sale since 2021. And, SpaceX shares throttle up on day 2 of trading, adding to…
Bloomberg Technology
China’s AI Markets Still ‘A Source of Funds’ Says Citigroup
Alicia Yap, Citi’s head of Pan-Asia Internet Research, breaks down where China’s tech market stands amid global AI adoption. But despite all this heavy corporate activity, Citigroup warns that global investors are still treating China tech as “a source of funds,” with Wall Street dumping local stocks to fund the global AI hardware trade. She…
Black Founders Had a Great Fundraising Quarter…With a Catch
Anthropic Disables AI Access for Foreign Nationals | Bloomberg Tech 6/15/2026
China’s AI Markets Still ‘A Source of Funds’ Says Citigroup
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@bhndit
October 24, 2024 at 6:03 pm
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@theshore78
October 24, 2024 at 6:16 pm
We are over-complicating things. These numbers do not make sense. That is the story. Their new CFO just sold his stock options earlier today.