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☆ Morgan Stanley found a new autonomous driving pure play, gives it 25% upside
▼ + stars: | 2024-11-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Autonomous driving technology company WeRide has plenty of room to grow as a result of its early-mover advantage in the global self-driving market, according to Morgan Stanley, which brought the firm public in an IPO last month at $15.50 a share . Morgan Stanley estimates the global autonomous driving market size will jump to $1.745 trillion in 2030 from $93 billion in 2025. "WeRide is a pure play in global L4+ autonomous driving," Hsiao wrote in a 38-page report on Tuesday note. Level 4 autonomous driving describes when a vehicle can drive in most circumstances without a human driver, one step below the top-most Level 5 designation for a fully automated vehicle . To be sure, the threat of tighter regulation on driverless vehicles is a downside risk for the stock, and Morgan Stanley forecasts WeRide's earnings and cash flow will remain "volatile" in the near term, Hsiao noted.

Persons: Morgan Stanley, Tim Hsiao, WeRide, Uber, Hsiao, — CNBC's Michael Bloom Organizations: WeRide Locations: Guangzhou, China, U.S, UAE, Singapore

☆ A former Microsoft product manager shares the résumé that helped him land the job
▼ + stars: | 2024-07-25 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewSince graduating from college in 2016, Chris Hsiao dreamed of working as a product manager. He started his career as a consultant and set about securing a product manager role. He previously worked as a project manager at Facebook, but said joining Microsoft felt like a "completely new stint." AdvertisementHsiao spoke about the startup, which designed and sold merchandise online, during his interviews with Microsoft. The hiring process at Facebook and Microsoft both involved multiple interview rounds that contained both behavioral and situational questions.

Persons: —, Chris Hsiao, Hsiao, Microsoft Chris Hsiao, Microsoft Hsiao, résumé Organizations: Service, Microsoft, Business, Facebook, Big Tech Locations: San Francisco

☆ Morgan Stanley recommends buying this trio of Chinese EV makers after 2024 pullback
▼ + stars: | 2024-03-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

On the other hand, BYD (equal weight) will likely face another round of downward revisions from analysts due to market saturation in China, Hsiao wrote. "Although the macroeconomic and operational environment is certainly challenging, we think the negative forces influencing the trio of EV stocks are more or less [already reflected] in stock prices," Hsiao told clients. Li Auto has booked several profitable quarters in a row, demonstrating solid execution of model launches and effective cost management, Hsiao told clients. Morgan Stanley has boosted total sales volume for the company by 12% in 2024 and 8% in 2025, reflecting stronger demand for new models. Morgan Stanley has a price target of $10 for Nio's ADRs, equal to roughly 72% upside from the previous close of $5.80.

Persons: Morgan Stanley, Tim Hsiao, Hsiao, Li Auto, Li, Xpeng, Xpeng's, Nio's ADRs Organizations: Li Locations: China, Europe, Latin America, Southeast Asia

WASHINGTON (AP) — Taiwan’s top diplomat in Washington has a message for both the island's Chinese adversaries and its American friends: Don’t worry that Taiwan’s new president-elect will worsen relations with Beijing and possibly draw the U.S. into a conflict. But Yui said Lai is willing to engage with Beijing, even as the island seeks to strengthen its unofficial ties with Washington for stability in the region. Shortly after Taiwan's election, Biden told reporters that his administration does not support Taiwan’s independence. Yui said it is incumbent upon both Beijing and Taipei to keep the Taiwan Strait peaceful. Before he came to Washington, Yui briefly served as Taiwan's representative to the European Union and Belgium.

Persons: — Taiwan’s, Lai Ching, Alexander Tah, Ray Yui, Lai, Yui, ”, Taiwan's, Tsai Ing, Tsai, he’s, Xi Jinping, Joe Biden, Biden, Scott Kennedy, “, Kennedy, we're, We're, Mike Johnson, Sen, Ben Cardin, ” Yui, Hsiao Bi, Hsiao Organizations: WASHINGTON, Associated Press, AP, Democratic Progressive Party, ”, Washington, Center for Strategic, International Studies, Republican, Republicans, Democrats, U.S . Congress, Democratic, Senate Foreign Relations, M University, European Union, Cultural Locations: Washington, Beijing, Taiwan Strait, U.S, Taiwan, United States, China, Nauru, “ Beijing, Taipei, Panama, Texas, Paraguay, Belgium

☆ Who is Lai Ching-te, Taiwan’s new leader and why does China dislike him?
▼ + stars: | 2024-01-14 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

On Saturday, Lai, 64, the current vice president from the ruling Democratic Progressive Party (DPP), won a widely watched election to become Taiwan’s next president. Confetti flies over crowds as Lai Ching-te speaks to supporters at a rally at the DPP's headquarters on January 13, 2024 in Taipei, Taiwan. It was 1994, less than a decade after the DPP first emerged from Taiwan’s democracy movement against the authoritarian rule of the Kuomintang (KMT). Louise Delmotte/AP‘Chill out’In the lead-up to the election, China made no secret of its desire to prevent a Lai victory. Hours after Lai declared victory, China dismissed the outcome of Taiwan’s elections, saying the DPP “does not represent mainstream public opinion” on the island.

Persons: CNN — Lai Ching, Lai, Taiwan’s, “, ” Lai, we’re, ”, Xi Jinping, ” “, –, Tsai Ing, Lai Ching, Annice Lyn, I’ve, Louise Delmotte, Hou Yu, Beijing’s, Tsai, Xi, Beijing, Hsiao Bi, Hsiao, ” Lai Ching, Ann Wang, ’ Lai, ” Yang Wei Organizations: CNN, Communist Party, Democratic Progressive Party, “, DPP, Kuomintang, KMT, Communist, ih, National Taiwan University, Reuters, Taiwan People’s Party, Taiwan Affairs Office Locations: Taiwan, China, Taiwan Strait, Beijing, Tainan, Taipei, United States, ”

☆ Google VP teases Gemini's multimodal future: 'I've seen some pretty amazing things.'
▼ + stars: | 2023-10-12 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

She also discussed how the company is rethinking the future of Google Assistant. AdvertisementAdvertisementThere's a lot of pressure on Google right now. A key person in the middle of all this is Sissie Hsiao, Google's VP and general manager of Bard and Google Assistant. If it disappoints, it will embolden critics who say Google has fallen behind. Google Assistant was the answer, and in 2021 Google reshuffled its search team to put Hsiao in charge of its voice assistant.

Persons: Bard, —, OpenAI's, Sundar Pichai, Demis Hassabis, Sissie Hsiao, Google's, She's, Hsiao, Gemini, I've, OpenAI, Josh Edelson, Getty Hsiao, It's, it's Organizations: Google, Service, Gemini, Microsoft Locations: Bard

☆ Google supercharges its Assistant voice app with AI, hinting at how the company sees the future of chatbots
▼ + stars: | 2023-10-04 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Google is supercharging its Assistant app with Bard's capabilities. The new "Assistant with Bard" is designed to merge the voice assistant with the chatbot. The company announced Wednesday that it was planning to bring its Bard AI chatbot into the Assistant app and experience, starting on mobile devices. The result, a new experience Google has named "Assistant with Bard," sees Google making its existing voice assistant more personalized by effectively placing Bard inside it. If users opt in, Assistant with Bard is expected to become the new experience when interacting with Assistant on Android or when using the Google app on iPhone.

Persons: Bard, Sissie Hsiao, —, chatbot, Hsiao, Alexa, Apple's Siri, Satya Nadella, It's Organizations: Google, Service, Android, Apple, LLMs

☆ Scientists decode an ancient curry recipe
▼ + stars: | 2023-07-25 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

The sandstone slab, buried 2 meters (6.5 feet) below the surface, was dug up in 2018 at the Oc Eo archaeological complex in southern Vietnam. The site was once an overseas trading hub of an ancient Southeast Asian kingdom known as Funan, according to a new study of the substances found on the slab. The findings offer clues to how curry — and the people who made it — migrated to Southeast Asia. “Nowadays, preparing curry in Vietnam has become much simpler for most families due to the widespread availability of curry powder in supermarkets. Nguyen added that the team planned to recreate the 2,000-year-old curry based on the ingredients found at the site.

Persons: ”, . Hsiao, chun Hung, ” Hung, Hung, Khanh Trung Kien, Khanh Trung Kien Nguyen, Nguyen Organizations: CNN, Australian National University, Center for Archaeology, Southern Institute of Social Sciences, Oc Eo, Eo Locations: Vietnam, Canberra, India, Southeast Asia, Ho Chi Minh City, South, Cambodia, South Asia

☆ As generative AI dominates Google's product lineup, employees ask leaders: What's going on with Assistant and Nest?
▼ + stars: | 2023-05-19 | by ( Hugh Langley | Rosalie Chan | ) www.businessinsider.com time to read: +3 min

Generative AI was undoubtedly the star of Google's I/O developer conference. Google also recently reshuffled its Assistant team to focus more on Bard, CNBC previously reported. CEO Sundar Pichai said there was "a reason" the Assistant team was also working on Bard, before handing it to Sissie Hsiao, Google's head of Assistant and Bard. Google's voice concierge wasn't the only product MIA from I/O – Nest, the company's brand of smart home speakers. Google's Nest manager Sameer Bansal said in response that Nest is a "core part" of the device strategy.

☆ Morgan Stanley says this EV-adjacent stock can rally nearly 40% as adoption in China accelerates
▼ + stars: | 2023-03-07 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Hesai can outshine peers with its laser imaging, detection and ranging technology for electric vehicles, Morgan Stanley said. Analyst Tim Hsiao rated the stock overweight with a price target of $26.50. Hsiao's price target implies an upside of 39.5% from Monday's close. "We think Hesai outshines peers, with its superior scale and margin, and its strong project pipeline." The company also has a strong project pipeline that includes partnerships with established automakers such as Li Auto and SAIC and newer entrants including Jidu and Xiaomi .

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