Author: Daniel snow

[ad_1] Elon musk and the xAI logo.Vincent Feuray | Afp | Getty ImagesElon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company.X account @BullStreetBets_ posted an open question to Tesla investors on the social media site asking if they support a merger between Tesla and xAI. Musk responded with “No.”The statement comes as the tech billionaire contemplates the future relationship between his multiple businesses.Overnight, Musk suggested that Tesla will hold a shareholder vote at an unspecified time on whether the…

Elon Musk’s artificial intelligence company, xAI, issued a formal apology on Saturday following a wave of public backlash after its chatbot, Grok, generated antisemitic and violent content. The company attributed the disturbing responses to a flawed software update that caused the bot to mimic extremist posts found on the X platform. “We deeply apologize for the horrific behavior that many experienced,” xAI stated in a post. According to the company, the chatbot was unintentionally referencing existing posts on X — even when those included hate speech or conspiracy theories — during a 16-hour period when the update was live. As…

Nvidia CEO Jensen Huang has thrown his support behind the U.S. government’s push to reindustrialize its tech manufacturing base, calling it “exactly the right thing” in a wide-ranging interview Speaking on Sunday, Huang said the U.S. must reduce its dependency on foreign countries—especially China and Taiwan—for critical technologies like semiconductors and chips. “That passion, the skill, the craft of making things… is valuable for economic growth and a stable society,” he said. Huang’s remarks come amid President Donald Trump’s aggressive economic agenda, including sweeping tariffs aimed at reviving domestic manufacturing. The administration has especially focused on semiconductors, energy, and automotive…

The European Union has announced a delay in the implementation of its trade countermeasures against the United States, extending the suspension until early August to allow more time for negotiations. Speaking at a press briefing in Brussels on Sunday, European Commission President Ursula von der Leyen said the decision was made in response to a letter from the U.S. government on Saturday warning of steep tariffs on European exports. The letter, which threatened a 30% tariff on EU goods beginning August 1 unless a trade deal is reached, prompted the EU to pause its own retaliatory measures. “We will therefore…

[ad_1] Fireworks light up the London skyline and Big Ben just after midnight on Jan. 1, 2025.Carl Court | Getty Images News | Getty ImagesLondon, the jewel in the crown of the U.K.’s economy and national culture, has taken a bit of a battering lately, with big business looking to expand elsewhere, workers looking for more affordable places to live and a flock of millionaires fleeing the city.A new tax regime targeting the “non-dom” status of the London-based super rich prompted an estimated 10,000 millionaires to flee the city in 2024 in search of safer havens for their cash. For…

[ad_1] Oslo Taxi’s NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drives through the Norwegian capital Oslo, on September 27, 2024.Jonathan Nackstrand | Afp | Getty ImagesOSLO, Norway — China is hoovering up market share in electric vehicle-friendly Norway, posing significant competition to Elon Musk’s Tesla and other Western auto giants.From the first delivery of an MG car to the wealthy Nordic country in January 2020, Chinese EV brands have gone on to capture a combined market share of roughly 10%, driven by Beijing’s competitive pricing and advanced technology.The explosive growth is particularly notable, given…

[ad_1] Asia FX rangebound as markets navigate tariffs; Singapore GDP beats [ad_2] Source link

[ad_1] Caving to a right-wing chorus, they are reining in their green agenda. [ad_2] Source link

[ad_1] Nvidia CEO Jensen Huang has downplayed U.S. fears that his firm’s chips will aid the Chinese military, days ahead of another trip to the country as he attempts to walk a tightrope between Washington and Beijing. In an interview with CNN aired Sunday, Huang said “we don’t have to worry about” China’s military using U.S.-made technology because “they simply can’t rely on it.””It could be limited at any time; not to mention, there’s plenty of computing capacity in China already,” Huang said. “They don’t need Nvidia’s chips, certainly, or American tech stacks in order to build their military,” he added.The…

[ad_1] A cargo ship loads and unloads containers at the Qianwan Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China, on July 10, 2025. Costfoto | Nurphoto | Getty Images China’s exports growth beat expectations in June, buoyed by robust shipments to non-U.S. markets and as a temporary reprieve from U.S. tariffs helped slow the decline in goods sent to America.Exports jumped 5.8% in June in U.S. dollar terms from a year earlier, customs data showed Monday, exceeding Reuters’ poll estimates of a 5% rise.Imports climbed 1.1% from a year earlier. While missing economists’ expectations of a 1.3%…