DIRS.INFO The most relevant business & tech news

☆ Analysts say to buy Best Buy stock for an AI device upgrade boost and a whole lot more
▼ + stars: | 2024-06-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Coming on Tuesday, Microsoft plans to start selling new AI-enabled laptops at Best Buy, with roughly 40% of Copilot+ PCs exclusive to the retailer. We think that high-end offerings like these will give Best Buy a much-needed boost in sales and later for its stock price, too. In Monday's note to clients, the analysts also said that Best Buy can get a "volume benefit from lowering prices on previous models of the same product." That's a key reason why we first initiated our position in Best Buy earlier this year. People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.

Persons: I'm, it's, Jeff Marks, Marks, we've, Jim Cramer's, Jim Cramer, Jim, Andrew Kelly Organizations: UBS, CNBC, Club, Microsoft, Federal, 1Q Locations: Friday's, Manhattan , New York City

☆ Scientists finally think they know why giraffe necks are so long
▼ + stars: | 2024-06-17 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +6 min

In the 19th century, Charles Darwin and Jean Baptiste Lamarck suggested that giraffes evolved long necks to help them snatch leaves on trees. A later theory usurped Darwin and Lamarck's, suggesting that male giraffes evolved long necks to fight and compete for female mates. "I realized that the important question was, 'Do males have proportionally longer necks compared to the rest of their body?'" Cavener said this may be the first study to suggest that females, not males, are the reason for giraffes' long necks. That's important not only for understanding giraffe evolution but how male and female giraffes behave differently, which could help with conservation efforts.

Persons: —, Charles Darwin, Jean Baptiste Lamarck, Darwin, Lamarck, Douglas Cavener, wasn't, Cavener, Art Wolfe, Zoe Raw, Raw Organizations: Service, Business, Biology, Penn State, International Union for Conservation Locations: Tanzania, Kenya, East Africa, Darwin, bushmeat

☆ Malaysia is emerging as a data center powerhouse amid booming demand from AI
▼ + stars: | 2024-06-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Over the past few years, the country has attracted billions of dollars in data center investments, including from tech giants like Google , Nvidia and Microsoft . Data center capacity is typically measured by the amount of electricity it consumes. Until then, Japan followed by Singapore currently lead the region in terms of live data center capacity. The index did not provide a detailed breakdown of data center capacity in China. Kenanga Investment Bank Research estimates that potential electricity demand from data centers in Malaysia will hit a total maximum demand of 5 GW by 2035.

Persons: James Murphy, APAC, Murphy, Byte's Murphy, it's Organizations: Luza, Getty, Malaysia, Google, Nvidia, Microsoft, DC, Authorities, Kenanga Investment Bank Research, Tenaga Nasional Berhad Locations: Southeast Asia, Johor Bahru, Singapore, Asia, Malaysia, Japan, India, China, Hong Kong, Malaysian

☆ Rory McIlroy and the U.S. Open he will never escape — even though he tried
▼ + stars: | 2024-06-16 | by ( Brody Miller | ) www.nytimes.com time to read: +10 min

But Rory McIlroy did not win the 2024 U.S. Open. Bryson can win the U.S. Open with a par on 18. pic.twitter.com/lSk0ZzzZK2 — U.S. Open (@usopengolf) June 16, 2024He parred No. Rory McIlroy had a two-shot lead with five holes to play Sunday. Rory McIlroy choked. Rory McIlroy sped off out of the Pinehurst Resort parking lot early Sunday evening not just a man in heartbreak.

Persons: Bryson, Rory McIlroy’s, caddie, McIlroy strutted, Bryson DeChambeau, Rory McIlroy, McIlroy, DeChambeau, —, gam, Mc, yar, dow, Lex, abi l, lea, e, liv, bec, Th, Pat, Gia, aga Organizations: Pinehurst, Lexus, U.S, Gulfstream, Sandhills, U.S ., acc, McI, awa, Yan, pla Locations: PINEHURST, N.C, —, U.S, North Carolina, DeChambeau, hol

☆ How Apple, Microsoft and 3 other tech giants can make money with AI geared to consumers
▼ + stars: | 2024-06-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

(Expected AI-driven device upgrades from Apple, Microsoft, and other personal tech makers is the reason we're invested in Best Buy . Microsoft, Apple and fellow Club name Nvidia have all eclipsed $3 trillion market values — and have been wrestling for the top spot as the most valuable U.S. company. META YTD mountain Meta Platforms (META) year-to-date performance Meta Platforms is monetizing consumer interest in AI by boosting user engagement. The Meta AI generative artificial intelligence assistant is currently free to use. AMZN YTD mountain Amazon (AMZN) year-to-performance Comparable to Meta, Amazon offers AI to consumers for free to increase engagement on its dominant e-commerce platform.

Persons: Tim Cook, Siri, Apple, WWDC, Piper Sandler, Jim Cramer, Bard, Missteps, Jim, Jim Cramer's, Eugene Mymrin Organizations: Apple, Apple Intelligence, Developer Conference, Microsoft, Services, Cook, Co, AI Party, Bloomberg, Microsoft's, Computing, Club, Nvidia, Gmail, Google, ChatGPT, Facebook, Citi, Meta, Amazon, Amazon Web Services, CNBC Locations: China, Cupertino, U.S

☆ Friday's trading could trigger a $10 billion rush of demand for Nvidia shares. Here's how
▼ + stars: | 2024-06-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

At stake is one of the top two spots in the Technology Select Sector SPDR Fund (XLK) , whose June rebalance is based on market cap values as of Friday's close. The market caps of Microsoft, Apple and Nvidia were all within $100 billion of each other as of Thursday's close, according to a FactSet calculation. This type of big shift in an index fund is unusual, but not unprecedented. The fund tracks an index from S & P Dow Jones Indices that uses weighting caps to keep the index in bounds. Depending on how many shares of Nvidia are required, it might cause a short-term spike in the name," Bajaj said.

Persons: Dow, Dow Jones, Matthew Bartolini, Bartolini, Mohit Bajaj, SPDR, Bajaj, Todd Sohn, — CNBC's Michael Bloom Organizations: Nvidia, Technology, Apple, Microsoft, Dow Jones, Dow Jones Indices, UBS, SPDR, Amazon, Trading, WallachBeth, Bajaj, Street Global Advisors, NYSE Technology Locations: U.S, SPDR Americas, rebalancing

☆ This fintech configures expense cards to block misuse — and investors just backed it with millions
▼ + stars: | 2024-06-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

CleverCards, a Dublin-based firm, uses a digital platform linked to configurable expense cards to give companies control over how their employees use their corporate payment cards. CleverCards CEO Kealan Lennon says his platform aims to tackle exactly that. Lennon said that CleverCards' funding round stood out in what has been a brutal market for dealmaking and fundraising in fintech. CleverCards will use the fresh funds to expand its business, scale its products and explore broader opportunities, it said. In addition to the fundraise, CleverCards appointed five new non-executive directors to its board with experience in payments technology.

Persons: Robert Half, Kealan Lennon, Lennon, CleverCards, CleverCard, It's, we've, Patrick Waldron, Donal Daly, Marc Frappier, Garry Lyons, Viktoria Otero del Val Organizations: CNBC, eBay, Accenture, Microsoft, Apple, Stripes Locations: Dublin, France, Adyen, Betfair, fintech

☆ Japan can't get enough of tiny vehicles. Here's Honda's latest: a $15,500 miniature EV truck.
▼ + stars: | 2024-06-14 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Honda has unveiled the N-VAN e, a tiny electric truck costing from $15,500. The diminutive truck is targeted at delivery companies and goes on sale in Japan in October. Japan is famous for its tiny Kei cars, which are ideal for short journeys and city driving. Now, Honda is getting into the tiny EV game. The Japanese automaker has unveiled the N-VAN e, a miniature electric truck that starts at 2.44 million yen ($15,500).

Persons: —, Nissan Organizations: Honda, Service, Kei, Bloomberg Locations: Japan, Tokyo

☆ Elon Musk's payday drama comes to a head today
▼ + stars: | 2024-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .

Persons: —, Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London

☆ Stock market today: Stocks edge higher to close at a record after upbeat producer inflation data
▼ + stars: | 2024-06-13 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +3 min

US stocks ended mostly higher on Thursday as investors were encouraged by new inflation data. Data showed wholesale inflation rose less than expected in May, a day after CPI showed consumer inflation also slowed. Tesla shares jumped ahead of the results of Elon Musk's pay package vote, while Broadcom soared after earnings. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meanwhile, Broadcom stock rocketed higher on upbeat earnings and the announcement of a 10-for-1 stock split.

Persons: —, Bill Adams, Elon Musk Organizations: Elon, Broadcom, Service, Federal Reserve, Traders, Bureau of Labor Statistics, Fed, Comerica Bank, BlackRock, Vanguard, Bank of America, Nvidia, Here's

☆ Tesla Share Price Is Its Own Referendum on Musk
▼ + stars: | 2024-06-13 | by ( Peter Eavis | Jack Ewing | ) www.nytimes.com time to read: +1 min

The Tesla shareholder vote over Elon Musk’s pay is in some ways a referendum on the performance of the company and its chief executive. Late on Wednesday, Mr. Musk claimed victory in a social media post, saying that votes in favor of his pay package were leading by “wide margins,” giving Tesla’s stock a boost. But even before the official results are announced on Thursday, Tesla’s flagging stock price shows that investors have plenty of doubts about Mr. Musk and the electric carmaker’s outlook. Tesla’s shares are down nearly 30 percent this year, even as the broader stock market is up 14 percent. At its peak in 2021, the stock market value of Tesla was $1.2 trillion, putting it in the company of tech giants like Microsoft, Apple and Google.

Persons: Musk, Tesla, Price Organizations: Elon, Microsoft, Apple, Google, Visa, Walmart

☆ Broadcom surges to a record after earnings. 3 reasons why the stock can go even higher
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Broadcom surged more than 12% to a record high Thursday following an excellent fiscal second-quarter earnings report on Wednesday night . The other part of Broadcom's AI business is selling products like Ethernet switches that help stitch together servers inside data centers. AVGO 1Y mountain Broadcom's stock performance over the past 12 months. Tan said on the call Wednesday that customer — aka Apple — is all of Broadcom's wireless business. Wall Street estimates for Broadcom's wireless business will need to rise to reflect the increased iPhone demand we expect to see.

Persons: —, Hock Tan, Tan, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, Nvidia, Apple, Apple Intelligence, America, VMWare, CNBC, Getty Locations: San Jose , California

☆ Microsoft-backed Mistral AI raises $645 million at a $6 billion valuation
▼ + stars: | 2024-06-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024. Mistral AI did not give much detail about the round, but the Financial Times reported that venture capital firm General Catalyst led the round that also included existing investors. Mistral AI, a French tech startup, raised a funding round of 600 million euros, or $645 million, as huge amounts of money continues to pour into the artificial intelligence race. Mistral AI is building so-called large language models, which underpin applications such as chatbots popularized by ChatGPT. In February, Microsoft announced an investment in Mistral AI.

Persons: Arthur Mensch, Porte de Versailles, Catalyst, ChatGPT, Mensch Organizations: Viva Technology, Parc, Mistral, Financial Times, CNBC, Nvidia, Microsoft, Google Locations: Paris, France, European, U.S

☆ Artists are terrified Instagram is stealing their work. They're turning to hot platform Cara — but it's not a perfect solution.
▼ + stars: | 2024-06-12 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Read previewSome artists are angry that Meta is using their photos on Instagram and Facebook to train its artificial intelligence models. Some artists are moving to Cara, a social media platform designed for artists. Losing hard-earned followingsProfessional artists said they have issues with Instagram beyond AI, including that they feel forced to buy ads to be seen. Far from perfectArtists, including Kent in San Francisco, said they're using platforms like Cara to hedge against the whims of any one platform. Switching platforms comes with its own headaches — the spike in new Cara users led to a series of app crashes last week.

Persons: —, they're, Christina Kent, Cara, Jingna Zhang, Chris Cox, Meridian Culpepper, — it's, Kent, Culpepper, I'm, Noah Smith, haven't Organizations: Service, Facebook, Business, Meridian, Meta, Singapore, Washington Post Locations: San Francisco, Cara, Luxembourg, Instagram, Los Angeles, Singapore, Kent

☆ Warner Bros. Discovery strikes 10-year deal to broadcast the French Open in the U.S.
▼ + stars: | 2024-06-11 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Warner Bros. The deal is set to make Warner Bros. Warner Bros. Discovery-owned Eurosport has been broadcasting the French Open to 55 countries outside the U.S. since 1989, according to a press release. Meanwhile, Warner Bros. With the hangover from the Hollywood writers' strike and cost-cutting measures across the industry, including at Warner Bros.

Persons: Spain's Rafael Nadal, Germany's Alexander Zverev, Philippe, Chatrier, Roland Garros, Roland, Garros, Luis Silberwasser, Comcast's, Venu, Disney's, NBCUniversal, — CNBC's Alex Sherman Organizations: Roland, Warner Bros, TNT Sports, Garros, French Tennis Federation, Discovery, Grand, Warner Bros ., Eurosport, TNT, TBS, Comcast's NBC, Tennis, Disney's ESPN, Fox, TruTV, National Hockey League, NASCAR, U.S, Soccer, College Football, ESPN, NBA, CNBC, Hollywood, Comcast Locations: Paris, U.S, NBCUniversal

☆ Apple’s AI: We’ve seen some of this before
▼ + stars: | 2024-06-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

On the other hand, however, other AI tools look familiar from what we’ve seen on the market. Ahead of the demo, the company emphasized that the majority of the new tools are powered by Apple Intelligence. If you want your email to sound more professional, or more friendly, Apple says its AI will take a stab. Siri’s AI flexApple really flexes its AI muscle, however, when it comes to Siri, which Apple says is taking a massive step forward by becoming more contextually relevant and more personal. In the demo, Apple showed how someone could upload a picture of vegetables at a farmer’s market and ask what they could make for dinner.

Persons: “, they’re, –, Siri, Craig Federighi, It’ll, they’ve, OpenAI, Apple, Genmoji, Roger Federer, he’s, it’s Organizations: CNN, Developers, Apple, “ Apple Intelligence, Apple Apple Intelligence, Google, Samsung, Catering, Apple Intelligence

☆ Taiwan's energy crunch could 'throw a wrench' into the global semiconductor industry
▼ + stars: | 2024-06-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Any energy disruption will slow down chipmaking and raise global semiconductor prices, Webster said. "Taiwan's electricity crunch could throw a wrench in global semiconductor markets," he said, adding that interruptions could reverberate across the global industry. The global semiconductor manufacturing industry is estimated to double its market size in revenue by 2030, and is poised to consume 237 terawatt hours (TWh) of electricity by then, a Greenpeace report said. Joseph Webster Atlantic Council's Global Energy CenterElectricity consumption from Taiwan's semiconductor manufacturing industry is set to increase 236% between 2021 and 2030, the same report found. "The global electricity industry has been surprised by the pace and scale of electricity demand from artificial intelligence's data centers," said Webster, adding that Taiwan's future electricity consumption is subject to "considerable uncertainty."

Persons: Council's Webster, Webster, Joseph Webster, Chen, Chung Organizations: Taiwan Semiconductor Manufacturing, Apple, Nvidia, Greenpeace, Joseph Webster Atlantic, Global Energy Center Electricity, Hua Institution Locations: Taiwan

☆ Nova: ‘New star’ will appear in the night sky after stellar explosion
▼ + stars: | 2024-06-11 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

While a supernova is the explosive death of a massive star, a nova refers to the sudden, brief explosion from a collapsed star known as a white dwarf. The dwarf star remains intact, releasing material in a repetitive cycle that can occur for thousands of years. “It’s incredibly exciting to have this front-row seat.”T Coronae Borealis, otherwise known as the “Blaze Star,” is a binary system in the Corona Borealis that includes a dead white dwarf star and an aging red giant star. The red giant becomes increasingly unstable over time as it heats up, casting off its outer layers that land as matter on the white dwarf star. Cooke recalled that the last nova he witnessed — Nova Cygni in 1975 — had a similar brightness to what is expected from T Coronae Borealis.

Persons: “ It’s, ”, Rebekah Hounsell, ” Hounsell, “, Burchard, William J, Cooke, Vega, skywatchers, Elizabeth Hays, ” Hays, they’ll, Hounsell, ” Cooke, —, Koji Mukai Organizations: CNN —, NASA, Goddard Space Flight, “ Blaze, Blaze Star, Coronae, Polaris, North Star, Northern Hemisphere, Northern Crown, Northern, Corona, NASA Goddard, “ Citizen, ” Locations: Greenbelt , Maryland, Ursberg, Germany

☆ Why AI deals in healthcare have grown faster than other areas of tech — and what VCs are paying close attention to
▼ + stars: | 2024-06-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

Healthcare AI companies raised $2.8 billion in the first quarter of this year, according to the SVB report titled "The AI-powered Healthcare Experience." SVB projects funding to AI healthcare companies to total $11.1 billion in 2024. While healthcare AI startups might have it better, they're not out of the woods. Healthcare startups using AI for administrative tasks have grabbed $6.6 billion since 2021 and made up 42% of healthcare AI deals in the first quarter of this year, according to SVB. AdvertisementIn some cases, Big Tech companies are pushing healthcare startups forward.

Persons: —, Raysa Bousleiman, they're, Siva Namasivayam, Galym, Bousleiman, Shiv Rao Abridge, Lynne Chou O'Keefe, Lightspeed's Imanbayev Organizations: Service, Silicon Valley Bank, Business, Big Tech, Abridge, Health, Lightspeed Venture Partners, Google, Fathom, Nvidia, Ventures, Technologies Locations: Cohere, Abridge, SVB .

☆ Water frost detected on Mars volcanoes in ‘unexpected’ first
▼ + stars: | 2024-06-11 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

“Based on rough estimates, it’s about 150,000 metric tons of water ice, the equivalent of 60 Olympic swimming pools,” he said. The volcanoes are near the Mars equator, the warmest area of the planet, which makes a water discovery particularly intriguing, Valantinas said. “Mars is a desert planet, but there’s water ice in the polar caps, and there’s water ice in the midlatitudes. Now we also have water frost in the equatorial regions, and equatorial regions are quite dry in general. “If the frost on these volcanoes is confirmed to be water (and not carbon dioxide), it would be surprising,” he said.

Persons: Adomas Valantinas, ”, Ceraunius, Valantinas, CaSSIS, ” Valantinas, “, Mars, John Bridges, ” Bridges, Taylor Perron, Cecil, Ida Green, Perron Organizations: CNN, Olympus, NASA, JPL, Brown University, University of Bern, Nature Geoscience, University of Bern’s, European Space Agency, Orbiter, ESA Mars Express, Stereo, Mars, ESA, University of Leicester, Sciences, Massachusetts Institute of Technology Locations: —, Mauna Loa, Hawaii, Switzerland, Ascraeus, Russian, CaSSIS, United Kingdom

☆ The Radar – The Athletic’s Euro 2024 scouting guide
▼ + stars: | 2024-06-10 | by ( The Athletic Uk Staff | ) www.nytimes.com time to read: +3 min

You’re remembering that goal against Scotland in the last European Championship, aren’t you? There was a touch of David Beckham — Schick owned a dozen of his shirts as a child. “It was tough and I gradually lost drive.”He had already faced medical issues earlier in his career. But Schick made the most of his rotational role, chipping in with several crucial interventions that kept Leverkusen’s 51-game unbeaten run alive. Stylistically, Schick is different from his Leverkusen counterparts — he is more of a poacher, clinical in the air and wise in his movement.

Persons: Patrik Schick, Schick, Cristiano Ronaldo, David Marshall, askew, David Beckham — Schick, nagged Schick, ”, Xabi Alonso’s, Victor Boniface, —, Jacob Whitehead Organizations: Scotland, Scotland —, Scottish, Bayer Leverkusen —, Juventus, Xabi Alonso’s Leverkusen, Nigeria, Leverkusen Locations: Portugal, Prague, Scotland

☆ 'Blew my mind': Investor says one key stat shows Nvidia is in it for the long haul
▼ + stars: | 2024-06-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

"The stat that really blew my mind is that the forecast cash flow for Nvidia for 2026 is higher than Microsoft ," Yuri Khodjamirian, CIO at Tema ETFs, told CNBC's Squawk Box Europe, emphasizing the remarkable growth trajectory of Nvidia. This projection is driven by the surging demand for Nvidia's AI chips, as software companies increasingly rely on these powerful processors to fuel their artificial intelligence models. The spending by software giants such as Microsoft , Amazon and Google is propelling the share prices of Nvidia and other semiconductor companies to new heights. NVDA 1Y line Khodjamirian noted that Nvidia is "setting the pace" in the industry with annual product announcements that competitors struggle to match. Ginsberg predicts that Fortune 500 companies will increasingly outsource their AI and algorithmic business to cloud service providers, benefiting companies like Google Cloud and Microsoft Cloud.

Persons: Yuri Khodjamirian, CNBC's, Nvidia's, Microsoft's –, Khodjamirian, Anthony Ginsberg, Ginsberg, Satya Nadella, Sundar Pichai Organizations: Nvidia, Microsoft, Google, Apple, Gins, Tech, CNBC Pro, Amazon Locations: America

☆ Is a recession coming? Economists say look at women’s lips
▼ + stars: | 2024-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Estee Lauder chairman Leonard Lauder created the lipstick index during the economic downturn following September 11, 2001. In fall 2001, US lipstick sales increased by 11%. “The lipstick index has been substituted with the moisturizing index,” said Freda. But data shows that more expensive prestige beauty sales are outpacing mass, lower-priced beauty sales. What do you see dominating the beauty market in the second half of the year?

Persons: Estee Lauder, Leonard Lauder, Fabrizio Freda, ”, Freda, “, Sephora, Bell, Neela Montgomery, Laura Mercier, We’ve, it’s, Skincare, It’s, we’re, Inflection’s, OpenAI, Sarah Myers West, ” West, Brian Fung, Jerome Powell, Price Organizations: CNN Business, Bell, New York CNN, CNN, Federal Trade Commission, Microsoft, FTC, Justice Department, Google, Nvidia, DOJ, US Department of Treasury, OPEC Monthly, Federal Reserve, US Bureau of Labor Statistics, Signet Jewelers, Federal Locations: New York, Asia

☆ BYD vs Huawei: Trash talking by China’s EV giants highlights pressures at heart of world’s biggest car market
▼ + stars: | 2024-06-07 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —As profit margins get squeezed, temperatures are rising in the world’s biggest car market. A tense exchange between two major Chinese electric vehicle (EV) manufacturers in recent days highlights the pressures they face as a price war in the industry intensifies. While top executives from the EV industry often post on social media about a range of topics, including technology and advertising, they rarely name rival companies, especially when criticizing them. In recent months, a price war has escalated in China’s hyper-competitive EV industry, with manufacturers battling for consumer attention with deep discounts or newer, cheaper models. The country has more than 200 EV manufacturers who are grappling with huge oversupply and slowing consumer demand.

Persons: Yu Chengdong, ”, Elon Musk, Tesla, ” Yu, Joe Biden, Mr Yu, ” Li Yunfei, Huawei's, Li, Wang Chuanfu, BYD, Wang Organizations: Hong Kong CNN —, BYD, European Union, Huawei Locations: China, Hong Kong, Shenzhen, BYD, Weibo, Shanghai

☆ Nvidia CEO Jensen Huang is given the rockstar treatment in AI-powerhouse Taiwan
▼ + stars: | 2024-06-07 | by ( Wayne Chang | Will Ripley | ) edition.cnn.com time to read: +6 min

Taipei, Taiwan CNN —When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Taiwan media has dubbed the phenomenon “Jensanity.”He’s not the only celebrity CEO in town. The United States has imposed a number of restrictions on the export of AI chips to China. Late last year, Chinese tech giants like Tencent were rushing to stockpile AI chips before those curbs took hold. “Taiwan in particular is very important to the semiconductor ecosystem.”People attend Computex 2024 in Taipei, Taiwan, on June 4, 2024.

Persons: Jensen Huang, Huang, ”, gesturing, ” He’s, Lisa Su, Pat Gelsinger, Cristiano Amon, —, isn’t, Hwa Cheng, OpenAI, ” Christopher Miller, China’s, “, CNN Huang, Computex, Lai Ching, AMD’s Su, We’ve, Joe Biden Organizations: Taiwan CNN, Nvidia, Apple, AMD, Intel, Qualcomm, Getty, “ Tech, Technology, CNN, Media, Communist Party, United, “, Chips Locations: Taipei, Taiwan, Computex, AFP, Beijing, United States, China, “ Taiwan, America, Asia

Search resuls for: "GIANTS"

25 mentions found