Tag #Tech Industry

Showing 121 to 129 of 129 results

abcnews.go.com

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Dec 11, 01:09

"GM Abandons Robotaxi Venture After $10 Billion in Losses"

"General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing $2.4 billion and incurring over $10 billion in operating losses, instead focusing on driver-assist technologies for its personal vehicles. "

"GM Abandons Robotaxi Venture After $10 Billion in Losses"

"General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing $2.4 billion and incurring over $10 billion in operating losses, instead focusing on driver-assist technologies for its personal vehicles. "

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Industry, Innovation, and Infrastructure

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"What are the key factors driving GM's decision to withdraw from the robotaxi market and redirect resources towards driver-assist systems?"

"GM is abandoning its robotaxi subsidiary, Cruise, after $10 billion in losses and will instead focus on driver-assist technologies for personal vehicles. This shift reflects the challenges of scaling robotaxi services and increasing market competition. The decision will result in significant cost savings for GM, exceeding $1 billion annually. ", A2="GM's decision to exit the robotaxi market highlights the considerable financial and technological hurdles in deploying fully autonomous vehicles at scale. The company's substantial investment in Cruise yielded minimal returns, despite years of development and billions of dollars in losses. This contrasts with other companies that continue to invest in and expand their autonomous vehicle services, indicating a divergence in industry strategies. ", A3="The shift toward driver-assist systems suggests a more cautious approach by GM in the autonomous vehicle sector, focusing on incremental technological improvements rather than a full-scale deployment of robotaxis. This strategy could position GM to capitalize on the growing market for advanced driver-assistance features, while minimizing substantial financial risk and uncertainties associated with fully autonomous systems. This move may also influence other automakers to re-evaluate their strategies regarding autonomous vehicles, potentially leading to a wider industry shift toward a more conservative approach. ", Q1="What are the key factors driving GM's decision to withdraw from the robotaxi market and redirect resources towards driver-assist systems?", Q2="How does GM's experience with Cruise compare to the strategies and progress of other companies involved in the development and deployment of autonomous vehicles?", Q3="What are the potential long-term implications of GM's decision for the future development and adoption of autonomous driving technologies in the automotive industry?", ShortDescription="General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing $2.4 billion and incurring over $10 billion in operating losses, instead focusing on driver-assist technologies for its personal vehicles. ", ShortTitle="GM Abandons Robotaxi Venture After $10 Billion in Losses"))

dailymail.co.uk

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Dec 9, 16:11

Tech Tycoon Jailed, MBE Revoked for Rape and Sexual Assault

Lawrence Jones, a 55-year-old British tech tycoon and former MBE recipient, was sentenced to 15 years in prison for drugging and raping two women in the 1990s and sexually assaulting a female employee in 2013; his MBE has been revoked.

Tech Tycoon Jailed, MBE Revoked for Rape and Sexual Assault

Lawrence Jones, a 55-year-old British tech tycoon and former MBE recipient, was sentenced to 15 years in prison for drugging and raping two women in the 1990s and sexually assaulting a female employee in 2013; his MBE has been revoked.

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Gender Equality

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What are the immediate consequences of Lawrence Jones's conviction on his public image, professional standing, and accolades?

Lawrence Jones, a 55-year-old former tech tycoon and MBE recipient, has been jailed for 15 years after being found guilty of drugging and raping two women in the early 1990s and sexually assaulting a female employee in 2013. His MBE has been revoked by King Charles, and Manchester Metropolitan University rescinded his honorary doctorate.

cincodias.elpais.com

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Dec 5, 10:08

2024 Stock Market: Index Success Amidst Individual Stock Struggles

The 2024 stock market saw the S&P 500 rise almost 30%, reaching near 50 record highs, while individual stocks like Intel, Estée Lauder, Bayer, Boeing, and Nike experienced significant losses due to competition, market shifts, and internal challenges.

2024 Stock Market: Index Success Amidst Individual Stock Struggles

The 2024 stock market saw the S&P 500 rise almost 30%, reaching near 50 record highs, while individual stocks like Intel, Estée Lauder, Bayer, Boeing, and Nike experienced significant losses due to competition, market shifts, and internal challenges.

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What were the key factors contributing to the significant divergence in performance between major stock indices and individual company stocks in 2024?

The S&P 500 surged almost 30% in 2024, hitting nearly 50 record highs. Most major indices also performed well, but some, like the French CAC 40 and South Korean Kospi, underperformed due to political instability. Individual stock performance varied significantly, with some major companies experiencing substantial losses.

gr.euronews.com

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Dec 5, 21:05

Global Billionaire Wealth More Than Doubles, Tech Sector Drives Surge

Between 2015 and 2024, global billionaire wealth more than doubled to $14 trillion, significantly outpacing market growth; this surge was largely driven by the technology sector, whose wealth tripled to $2.4 trillion.

Global Billionaire Wealth More Than Doubles, Tech Sector Drives Surge

Between 2015 and 2024, global billionaire wealth more than doubled to $14 trillion, significantly outpacing market growth; this surge was largely driven by the technology sector, whose wealth tripled to $2.4 trillion.

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Reduced Inequality

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How did the wealth of billionaires globally change between 2015 and 2024, and what sectors contributed most significantly to this change?

Between 2015 and 2024, the total wealth of billionaires globally more than doubled, reaching $14 trillion from $6.3 trillion. This surge, exceeding the 73% growth of the MSCI AC World index, was primarily driven by the tech sector, whose billionaires saw their wealth triple during this period.

votreargent.lexpress.fr

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Nov 21, 13:03

Silicon Valley's Republican Shift and the 2024 Election

This article analyzes the surprising shift in Silicon Valley's political alignment from predominantly Democrat to Republican, highlighting the role of key figures and the impact on the 2024 US presidential election.

Silicon Valley's Republican Shift and the 2024 Election

This article analyzes the surprising shift in Silicon Valley's political alignment from predominantly Democrat to Republican, highlighting the role of key figures and the impact on the 2024 US presidential election.

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How did this political shift influence the outcome of the 2024 US presidential election?

Prominent figures like Elon Musk and Peter Thiel, along with significant investments from the tech sector, significantly contributed to Donald Trump's victory.

cnbc.com

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Dec 11, 16:09

CPI Meets Expectations, GM Ends Cruise, Macy's Lowers Outlook

Wall Street is poised for growth after November's CPI report met expectations, while General Motors ended its Cruise robotaxi service due to competition; Macy's lowered its earnings outlook amid an internal investigation.

CPI Meets Expectations, GM Ends Cruise, Macy's Lowers Outlook

Wall Street is poised for growth after November's CPI report met expectations, while General Motors ended its Cruise robotaxi service due to competition; Macy's lowered its earnings outlook amid an internal investigation.

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Decent Work and Economic Growth

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What are the immediate market implications of the November CPI report and how might it influence the Federal Reserve's actions?

Wall Street anticipates a positive opening following November's CPI report, which met expectations: headline CPI rose 0.3% month-over-month and 2.7% annually; core CPI increased 3.3% year-over-year. Traders expect this data to prompt another Federal Reserve rate cut next week. General Motors discontinued its Cruise autonomous ride-hailing service, integrating it into its technology division to concentrate on personal autonomous vehicle development, citing intense robotaxi competition.

theguardian.com

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Dec 8, 16:08

Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring

Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.

Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring

Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.

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Decent Work and Economic Growth

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What were the immediate consequences of Meta's cost-cutting measures in the UK, and what is their global significance?

Facebook's UK branch cut 700 jobs (10% of its workforce) in 2023, costing £79m, as part of a global cost-cutting measure following a revenue decline. This resulted in a reduced UK tax bill to 12% of pre-tax profits. The cuts disproportionately affected sales, administration, and marketing teams.

dailymail.co.uk

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Dec 5, 13:08

Meta Goes Nuclear to Power AI Data Centers

Meta plans to add 1-4 gigawatts of new nuclear generation capacity in the US by the early 2030s to power its AI data centers, following similar moves by Google and Amazon, driven by the need for reliable, clean energy and decarbonization goals.

Meta Goes Nuclear to Power AI Data Centers

Meta plans to add 1-4 gigawatts of new nuclear generation capacity in the US by the early 2030s to power its AI data centers, following similar moves by Google and Amazon, driven by the need for reliable, clean energy and decarbonization goals.

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What is Meta's plan to address the massive energy needs of its AI infrastructure and what are the projected environmental benefits?

Meta seeks proposals from nuclear power developers to supply its AI data centers with energy, aiming to add 1-4 gigawatts of new nuclear generation capacity in the US starting in the early 2030s. This move is driven by the massive energy needs of Meta's AI infrastructure and a commitment to decarbonization.

kathimerini.gr

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Dec 5, 22:09

Global Billionaire Wealth More Than Doubles in a Decade

A UBS study reveals that global billionaire wealth more than doubled between 2015 and 2024, reaching \$14 trillion, significantly outpacing global market growth and driven largely by the technology sector.

Global Billionaire Wealth More Than Doubles in a Decade

A UBS study reveals that global billionaire wealth more than doubled between 2015 and 2024, reaching \$14 trillion, significantly outpacing global market growth and driven largely by the technology sector.

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Reduced Inequality

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What are the potential future trends and underlying factors that may influence the distribution of billionaire wealth in the coming years?

While the technology sector fueled much of this growth, regional disparities exist. The slowdown in growth for European billionaires after 2020, and the decline in Chinese billionaire wealth suggest that future growth may be less evenly distributed. The real estate sector experienced the largest decrease in value among the sectors analyzed.

Showing 121 to 129 of 129 results