TECH

Tesla Sales Plunge 22% in Europe as Competition Heats Up

Tesla’s European Decline Deepens Tesla’s troubles in Europe worsened in August as sales fell 22.5% year over year, according to data from the European Automobile Manufacturers’ Association (ACEA). The company registered just 14,831 vehicles across the region, even as total

Musk’s xAI Raises $10B at $200B Valuation, Chasing AI Giants

xAI Rockets to $200B Elon Musk’s artificial intelligence startup xAI has raised $10 billion in fresh funding, giving the company a post-money valuation of $200 billion, according to reporting from CNBC’s David Faber. The raise marks a sharp leap from

Amazon Opens Fulfillment Services to Shein, Shopify, and Walmart Merchants

Amazon Extends Logistics Network to Rival Marketplaces Amazon is broadening the scope of its third-party logistics services, allowing merchants on Shein, Shopify, and Walmart to access its massive fulfillment infrastructure. The move, announced Thursday, marks a strategic expansion of Amazon’s

CoreWeave Stock Surges After $6.3 Billion Nvidia Deal Disclosure

Nvidia Commits to Multi-Billion Dollar Capacity Agreement CoreWeave (CRWV) shares surged up to 8% after the cloud infrastructure firm disclosed a $6.3 billion order from Nvidia. The agreement stems from a 2023 arrangement under which Nvidia is obligated to purchase

U.S., China Reach TikTok Framework Deal Ahead of Leadership Summit

Framework Deal Sets Stage for Ownership Shift A tentative agreement between the U.S. and China over the fate of TikTok may pave the way for U.S.-controlled ownership of the platform. Treasury Secretary Scott Bessent confirmed from U.S.-China talks in Madrid

Microsoft, OpenAI Outline New Deal as Restructuring Looms

A New Chapter in One of AI’s Biggest Alliances Microsoft (MSFT) and OpenAI have entered a non-binding agreement aimed at redefining their partnership terms, setting the stage for OpenAI to formally transition into a for-profit entity. The move marks a

Apple Faces Analyst Pressure as Sentiment Hits Five-Year Low

Analyst Confidence in Apple Slips to 2020 Levels Apple Inc. (AAPL) is facing renewed skepticism from Wall Street. On Thursday, the tech giant was downgraded by both D.A. Davidson and Phillip Securities, pushing its analyst sentiment to the lowest point

Expands Quantum Portfolio With Several Startup Investments

Nvidia (NVDA) is ramping up its presence in quantum computing, making waves with three startup investments in a single week. The chipmaker’s venture capital arm participated in PsiQuantum’s newly announced $1 billion funding round, which also included heavyweights like BlackRock,

Klarna IPO Prices at $40, Valuing BNPL Giant at $15B

Klarna’s IPO Lands Above Range Swedish buy now, pay later giant Klarna (KLAR) priced its long-anticipated IPO at $40 per share, above its original $35–$37 guidance. The stronger pricing reflects solid demand, pushing Klarna’s valuation to roughly $15.1 billion. The

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