Stellantis will slow down operations at its Mirafiori plant, in Turin, this month and next in response to weak market demand for its fully-electric Fiat 500 small car and Maserati models, a spokesman for the automaker said on Monday.
Chipmaker Onsemi beat Wall Street estimates for fourth-quarter revenue and profit on Monday, helped by resilient demand for its silicon carbide chips, sending the company’s shares up around 9% in early trade.
German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday.
Montenegro on Monday extradited Han Chang-joon, a financial executive of the Terraform Labs cryptocurrency firm, to South Korea, the Balkan country’s justice ministry said.
Amazon.com has begun rolling out a new artificial intelligence assistant that is meant to address shoppers’ product questions, but the feature raises as many questions as it answers.
Microsoft said on Monday it is teaming up with media platform Semafor and other news organizations to help journalists work with generative AI in content production.
Snap said on Monday it would cut around 528 employees, or 10% of its global workforce, a sign that the spate of layoffs seen in 2023 could persist as firms grapple with economic uncertainty.
Meta’s Oversight Board has determined a Facebook video wrongfully suggesting that U.S. President Joe Biden is a pedophile does not violate the company’s current rules while deeming those rules “incoherent” and too narrowly focused on AI-generated content.
Nvidia’s shares scaled a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker’s stock in anticipation of a major boost to its earnings from the artificial intelligence (AI) boom.
Soaring appetite for Huawei’s AI chips coupled with manufacturing constraints has forced the Chinese tech giant to prioritise AI and slow production for its premium Mate 60 phones.
