Elon Musk has confirmed his threat to Tesla shareholders that he will take AI and robotics products away from the company unless his demand for 25% ownership is met.
Sectors
Analysts Expect Nvidia Revenue to Surge 200% Amid AI Boom
Nvidia's stock dipped slightly from its all-time high on Wednesday ahead of its critical Q1 earnings report. Investors expected the company to show 200% revenue and profit growth driven by high demand for its AI chips.
Meta Faces Backlash Over AI Summarizing News That Will Not Direct Links to Sources
Meta's AI chatbot, Meta AI, now uses news content for summaries within its platform, potentially impacting news traffic and raising concerns about copyright, fair use, and misinformation.
CFPB Targets Buy Now, Pay Later Loans With Consumer Protection Policies Similar to Credit Cards
The US CFPB is now targeting buy now, pay later loans with consumer protection policies, similar to what credit card firms comply with.
Luxury Stocks Report Record High Decline as Consumers Hesitate to Spend Due to Inflation
Luxury brands like Chanel, Hermes, and Louis Vuitton reported a record-high stock decline as consumers hesitate to spend more due to rising prices caused by inflation.
Latest News
Citigroup Inc. was fined £61.7 million ($79 million) by British regulators for failing to prevent a "fat finger" mistake worth $444 billion.
Mastercard has revealed its plan to employ AI to determine if a credit or debit card number has been compromised.
Elvis Presley's granddaughter Riley Keough is reportedly "traumatized" by the idea of the Rock n' Roll legend's Graceland estate in Tennessee being auctioned off and sold to a "random stranger."
The Pentagon is alarmed as Vladimir Putin's newly launched satellite-killer weapon is reportedly tracking US technology in orbit, posing a significant threat to American space assets.
Nestle announced that they would be launching its ‘Vital Pursuit’ food line by Q4 2024, which would target those using the semaglutide drugs Ozempic and Wegovy.
Former President Donald Trump has chosen not to testify in his criminal hush money trial on Tuesday, swiftly bringing his defense to a conclusion and setting the stage for jury deliberations next week.
Disney's Pixar has announced the layoff of 14% of its workforce, with President Jim Morris informing 175 employees of their termination following multiple box office failures and amid accusations that the company's parent has "gone woke."
TikTok has launched a $1 million program for socially driven creators amid a potential ban in the US.
US airlines has called on the government to address the shortage of air traffic controllers ahead of the summer travel season.
