Elon Musk, the CEO of Tesla, has emphasized that autonomy is the primary factor driving the brand’s value. This statement comes as Tesla shares witnessed a notable surge of 3%, reaching their highest level in over eight months. In a separate development, Musk recently had lunch with Bernard Arnault, the head of luxury goods conglomerate …
In a significant development within the Indian automobile industry, startups have taken the lead over established manufacturers in introducing electric two-wheelers to the market. This trend reflects a global shift in the automotive landscape, where disruptors have played a pivotal role in driving the electric vehicle (EV) revolution and promoting greener transportation alternatives. The CEO …
According to a report by Reuters, SoftBank Group Corp is planning a new round of layoffs at its Vision Fund investment arm as part of its ongoing cost-cutting measures. The layoffs, which could be announced within the next two weeks, are expected to affect up to 30% of the unit’s staff, including employees in the …
Accenture, a leading global professional services company, has announced plans to invest $3 billion in artificial intelligence (AI) initiatives. The investment aims to accelerate clients’ digital transformation and help them reinvent their operations. The investment will be spread over a period of time, although specific details regarding the timeline are not provided. The focus of …
In a surprising turn of events, a United States judge has issued a temporary block on the proposed $69 billion deal between Microsoft Corporation and Activision Blizzard. The decision comes after concerns were raised about the potential anti-competitive effects of the acquisition. This report aims to provide a detailed overview of the situation and its …