Tesla’s China-made EV sales rise 3% y/y in Aug
BEIJING (Reuters) – Sales of U.S. automaker Tesla’s China-made electric vehicles grew 3% in August from a year earlier, data…
Category: Business
Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
(Reuters) – Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and…
ByteDance taps banks for $9.5 billion Asia dollar corporate loan, sources say
(Reuters) – TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility…
OpenAI says ChatGPT’s weekly users have grown to 200 million
(Reuters) – AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users,…
Lululemon cuts annual forecasts on tepid US demand, rising competition
By Savyata Mishra (Reuters) – Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition…
Dell beats second-quarter results estimates on strong AI server demand
(Reuters) -Dell Technologies beat Wall Street estimates for second-quarter revenue and profit on Thursday, driven by strong demand for its…
Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports
(Reuters) – Telecom equipment maker Nokia has been exploring options for its mobile networks business and has drawn interest from…
Dollar General cuts annual forecasts on weak discretionary demand; shares plummet
(Reuters) -Discount retailer Dollar General slashed its annual sales and profit forecast on Thursday, as budget-conscious customers cut back spending…
Meta says its Llama AI models being used by banks, tech companies
By Katie Paul NEW YORK – Meta’s Llama artificial intelligence models are being used by companies including Goldman Sachs and…
Exclusive-Tesla asked Canada for lower tariff on China-made EVs, government source says
By David Ljunggren OTTAWA (Reuters) – Before Canada said this week it was imposing a 100% duty on Chinese-made electric…