Tag Archives: CNBC

Indian ed-tech startup Physics Wallah bags $2.8 billion valuation amid sector troubles

Physics Wallah CEO Alakh Pandey said the company would use the $210 million funding to expand its business and do acquisitions.

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Tesla, Nvidia lead tech-heavy Nasdaq to one of best days of 2024 after Fed rate cut

Following the Federal Reserve’s interest rate cut, tech stocks had a slightly delayed rally but jumped on Thursday, with the Nasdaq climbing 2.5%.

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Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil

X and Starlink face daily fines of $5 million reals (about $920,000) for alleged ban evasion maneuvers by X in Brazil.

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Tesla’s Chinese rival Nio cuts price for new Onvo-branded car

There’s yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.

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Amazon introduces Amelia, an AI assistant for third-party sellers

Amelia is the latest generative AI product from Amazon, which is using the technology across its retail portfolio.

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Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point

Cryptocurrencies rose during a broad market rally Thursday, one day after the Federal Reserve delivered a large interest rate cut.

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China’s Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool

Alibaba is hoping its latest AI offerings may tempt customers around the world to sign up to its cloud services.

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Billionaire tech CEO says bosses shouldn’t ‘BS’ employees about the impact AI will have on jobs

Business leaders shouldn’t “BS” employees about the impact of AI on jobs, according to one tech billionaire, who says they should be transparent and honest.

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China would love a domestic Nvidia rival — but that’s proving quite the challenge

Chinese firms face a number of challenges in trying to rival Nvidia including contending with U.S. export restrictions and a lack of tech expertise.

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YouTube announces AI features from Google DeepMind for Shorts creators

YouTube on Wednesday announced artificial-intelligence features for creators on its Shorts platform that tap into Google’s DeepMind video generation model.

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