Author: Daniel snow

Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018.Source: NasdaqZscaler shares jumped 9% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its zero-trust security platform.”The proliferation of AI in all aspects of business is increasing the need for our AI security,” said CEO Jay Chaudhry in a release. “We empower customers to securely adopt both public GenAI apps and their own private AI apps, and we are increasing our investments in this area.”The cloud security software company said revenues grew 23% to $678 million…

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Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas.CNBCShares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in China and Europe, as the billionaire CEO promised to focus more on his businesses than politics.Tesla shares are on track for an increase of more than 20% for the month.The stock is still down about 12% for the year. Apple is down about 21% year-to-date, the worst of all the megacaps.The bounceback in May comes as President Donald Trump marks the end of Musk’s time as a “special…

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Chinese President Xi Jinping and U.S. President Donald Trump.Dan Kitwoodnicholas Kamm | Afp | Getty ImagesChina is calling out the U.S. for “discriminatory restrictions” in its use of export controls in the chip industry, after the Trump administration accused the world’s second-largest economy of violating a preliminary trade deal between the two countries. “Recently, China has repeatedly raised concerns with the U.S. regarding its abuse of export control measures in the semiconductor sector and other related practices,” China U.S. embassy spokesperson Liu Pengyu told NBC News.It’s the latest escalation in the simmering trade war between the U.S. and China, particularly…

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President Donald Trump on Friday will host a press event to celebrate Elon Musk as the Tesla CEO concludes his official government service after four turbulent months leading the so-called Department of Government Efficiency.Musk’s scheduled departure comes at a precarious moment, both for DOGE and for his relationship with the president.Multiple top staffers at DOGE have either recently left or are on their way out of the federal workforce-slashing group. They include Steve Davis, the president of Musk’s Boring Company, and DOGE spokeswoman Katie Miller, White House officials told NBC News. Attorney James Burnham is also reportedly leaving the group.Musk…

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