Huawei, the Chinese tech giant, has reported a significant increase in profits for the first quarter of this year, with a surge of over fivefold compared to the same period last year. This positive development comes as Huawei continues to rebound from the sanctions imposed by the United States. The company has been facing challenges
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The shares of Tesla experienced a significant increase in U.S. premarket trading following the announcement that the electric car manufacturer had reached a crucial milestone in launching its full self-driving technology in China. The surge in Tesla’s share price, up by more than 10% just after 7:30 a.m. ET, reflected investors’ positive response to the
In the rapidly evolving landscape of cloud computing, U.S. technology giant Oracle is ramping up its generative AI capabilities amid intensifying competition in the cloud industry. The recent surge in artificial intelligence adoption, triggered by the debut of the ChatGPT chatbot in November 2022, has spurred a heightened demand for cloud services and data centers.
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