The announcement of higher tariffs on Chinese electric vehicles by the European Union resulted in a significant surge in the stock prices of Chinese EV makers. Hong Kong’s Hang Seng index opened 1.23% higher, with EV stocks driving the momentum. Companies like BYD, Geely, Nio, and Li Auto saw their shares climb by significant percentages,
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The European Union is gearing up to unveil its new tariff rate plan specifically targeting Chinese electric vehicles. As the EU continues to crack down on low-priced, subsidized imports, the implications for both the EV industry and consumers remain uncertain. With existing tariffs set at 10%, all eyes are on the upcoming announcement on how
British computing startup Raspberry Pi has achieved a significant milestone by raising £166 million ($211.2 million) from its initial public offering. This success is considered a rare win for London’s main stock exchange, which has faced challenges in attracting technology listings in the past. Raspberry Pi, known for manufacturing tiny single-board computers, priced its shares
As reported by CNBC, Todd McKinnon, CEO of Okta, shared insights on Microsoft’s decision to hand over the development of its best artificial intelligence tools and software to OpenAI. According to McKinnon, Google is currently leading the way in AI development and is doing so without the need to outsource their research and development efforts.
The rise of Exchange Traded Funds (ETFs) in the cryptocurrency market is reshaping the way investors approach their portfolios. The traditional practice of “HODLing,” which emphasizes holding onto digital assets for the long term, may face challenges as more investors opt for exposure to bitcoin through ETFs. This shift is particularly noticeable among traditional investors
In a surprising turn of events, a pair of tech investors and podcasters are set to host a high-profile fundraiser for Donald Trump in San Francisco. This event, organized by David Sacks and Chamath Palihapitiya, marks a significant shift in sentiment towards the former president within the tech industry. Despite Trump’s controversial past, the fundraiser
As the field of artificial intelligence (AI) continues to advance at a rapid pace, concerns about cybersecurity have become increasingly paramount. Both Google and OpenAI have expressed the need to guard against attempts to disrupt, degrade, deceive, and steal AI models. Google highlighted the importance of having a security, safety, and reliability organization with top-notch
The debate surrounding the role of tech ethics and trust and safety in technological progress took a controversial turn with venture capitalist Marc Andreessen’s “Techno-Optimist Manifesto” last year. In this manifesto, Andreessen criticized these concepts, arguing that they hinder innovation and subject humanity to a mass demoralization campaign against emerging technologies like artificial intelligence. This
Sony has officially announced that the PlayStation VR2 will be getting a PC adapter at the beginning of August. The good news is that the adapter will support SteamVR right out of the box, allowing users to play virtual reality games on Steam, including popular titles like Half-Life: Alyx. This opens up a whole new
Electric vehicles (EVs) have garnered significant attention in recent years as a key player in the movement towards a more sustainable future. The appeal of EVs lies in their potential to combat critical environmental issues such as air pollution and the reliance on fossil fuels. By significantly reducing greenhouse gas emissions associated with traditional vehicles,