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Investors on Tuesday will continue parsing through an onslaught of earnings results in search of signals for the directions of future growth in the corporate world.
At its "Autonomy Day" today, Tesla detailed the new custom chip that will berunning the self-driving software in its vehicles
In a new book about legendary Silicon Valley adviser Bill Campbell, former Google CEO Eric Schmidt describes his subject as a salt-of-the-earth, tough-love savant.
Zoom founder and CEO Eric Yuan is OK with not having grabbed every penny on the road to a sizzling initial public offering. Here's why.
The coffee unicorn is said to plan to raise around $300 million in the IPO, Bloomberg News reported in February. Luckin is spending millions of dollars a year opening outlets to unseat Starbucks as China’s top coffee company. Since its inception in June 2017, Luckin has quickly expanded into 2,370 stores in 28 cities, with backing from investors including Singapore sovereign wealth fund GIC Pte and China International Capital Corp. By the end of this year, Luckin aims to become the largest coffee network in China in terms of number of stores.
Facebook Inc on Monday named the legal adviser to the U.S. State Department as its general counsel, as the social media giant faces growing regulatory hurdles and privacy concerns. Jennifer Newstead, who brings government and private sector experience to the role, will succeed Colin Stretch, who decided to quit the company in July 2018, Facebook said in a blog post.
Elon Musk is now ripping up the script, vowing to pair self-driving technology with a sharing service that will make it crazy for consumers to buy other cars. During an hours-long investor day presentation focused on autonomy, Musk said customers will be able to put their cars onto a shared network of robotaxis, which will be able to get around without a human inside. Alphabet Inc.’s Waymo, widely thought to be a leader in the autonomous space, has shied away from letting its autonomous vehicles roam without safety drivers.
Hours later, NIO Inc., a Shanghai-based NASDAQ-listed electric vehicle maker, announced that one of its ES8 models had burst into flames during a repair in Xi’an. Elsewhere in the world, either of these accidents would be major public relations challenges for their manufacturers. For China, which is hoping to dominate the NEV industry globally, that's a warning.