Tesla tumbled nearly 9% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world’s most valuable automaker.
A group of lenders said on Thursday that it had started bankruptcy proceedings against the holding company of Byju’s, as the embattled Indian ed-tech startup struggles to repay its loans.
Shares of IBM rose 12% to a more than 10-year high on Thursday after the company reported a better-than-expected outlook on its revenue backed by strong demand for its artificial intelligence (AI) services.
News website Business Insider is set to lay off around 8% of its staff, CEO Barbara Peng said on Thursday, joining a wave of layoffs that have swept the tech and media industry this month.
Microsoft is letting go of 1,900 employees at Activision Blizzard and Xbox this week, news website The Verge reported on Thursday, as last year’s widespread tech layoffs spill into 2024.
Lumen Technologies said on Thursday it has signed a deal with a group of lenders that will push out its debt maturities to at least 2029 and provide it with access to more than $2 billion of fresh capital.
General Motors and Honda have begun shipping fuel cell power systems to customers from a factory near Detroit, they said on Thursday, a new test of whether hydrogen power technology can achieve mass-market success.
The cloud computing arm of Alphabet Inc said on Thursday it had formed a partnership with startup Hugging Face to ease artificial intelligence (AI) software development in the company’s Google Cloud.
Roper Technologies said it will buy software firm Procare Solutions for $1.75 billion from private equity firms Warburg Pincus and TA Associates, as the industrial technology company looks to expand its portfolio of software products.
More and more Chinese investors are using creative ways to own bitcoin and other crypto assets that they believe are safer than investing in crumbling stock and property markets at home.
