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technology1 year ago

Microsoft Unveils Cloud-Driven Windows 365 Link Mini PC

Microsoft is advancing towards a cloud-based future for Windows, unveiling the Windows 365 Link mini PC that streams Windows 11 from the cloud, eliminating local data storage and app execution. This development, announced at the Ignite conference, is aimed at businesses seeking to enhance security and simplify management as Windows 10 approaches its end of life. The Link's cloud-centric design aligns with the trend of businesses moving to virtual machines to protect data in case of device loss or employee turnover.

via The Verge|
#ai#business-technology#cloud-computing
technology1 year ago

AI and the Metaverse: The Future of Virtual Workspaces

Despite initial high expectations for the metaverse to revolutionize virtual meetings and office work, most employees still rely on traditional video calls like Zoom. While companies recognize potential uses for extended reality, only a minority have invested in the technology. Experts suggest that for the metaverse to gain wider adoption, it must enhance rather than replace reality, and the technology must become more user-friendly. Current applications of VR in business are selective, focusing on areas like training and hands-on product development. The future of the metaverse in the workplace remains uncertain, influenced by technological advancements and shifting business priorities.

via WIRED|
#business-technology#metaverse#microsoft
business-technology1 year ago

"Elon Musk's Visit to India: Potential Game-Changer for Tesla and Indian Economy"

Elon Musk is set to visit India and meet with Prime Minister Narendra Modi, with expectations of confirming Tesla's plans to build a factory in the country. The potential $2-3 billion investment in India would align with Modi's efforts to boost the country's manufacturing sector and capitalize on global companies diversifying beyond China. Tesla's entry into India could provide a significant opportunity for the company as it faces challenges in major markets and aims to tap into India's growing electric vehicle market, where the government aims for 30% of private car sales to be electric by 2030.

via CNN|
#business-technology#electric-vehicles#elon-musk
business-technology1 year ago

"Tesla's Strategy Shift Sparks Analyst Overhaul and Stock Downgrade"

Tesla's stock hits a year-low as analysts reprice the company amid a global demand slump and narrowing profit margins. CEO Elon Musk is focusing on a shift towards self-driving and energy storage, leading to likely delays in the Model 2 sedan launch and the largest layoffs in company history. Analysts are anticipating a significant strategy shift ahead of next week's first-quarter earnings, with concerns about the impact on sales and earnings due to the delay. Analysts are revising price targets and ratings, with a focus on Tesla's progress in leveraging AI technologies and the need for Musk to bring investors into the new story more forcefully.

via Yahoo Finance|
#business-technology#elon-musk#ev
business-technology1 year ago

"Truth Social's Live TV Streaming Launch Sends Trump Media Stock Plummeting"

Trump Media & Technology Group, the company behind Truth Social, saw its stock plummet over 10% after announcing the launch of a live TV streaming platform, causing its market valuation to drop by more than half since its debut. The streaming service aims to provide a platform for content that has been canceled or suppressed on other channels, but concerns over the company's profitability persist as it disclosed significant losses and registered the resale of its outstanding securities.

via Gizmodo|
#business-technology#social-media#stock-market
business-technology1 year ago

"Trump Media's Truth Social Streaming Service Sends Stock Plummeting"

Trump Media & Technology Group's stock fell over 10% after announcing plans to launch a live TV streaming platform through its Truth Social app, causing shares to drop more than 60% since March. The company reported sales of $4 million with net losses nearing $60 million for the full year ending Dec. 31, and expects continued losses amid profitability challenges. Former President Donald Trump, who maintains a 60% stake in Truth Social, faces a $454 million fraud penalty and a campaign fundraising shortfall ahead of a potential 2024 election rematch against Biden.

via Yahoo Finance|
#business-technology#donald-trump#live-tv-streaming
business-technology1 year ago

"Trump Media Stock Plummets as Truth Social Ventures into Live TV Streaming"

Trump Media & Technology Group, the company behind Truth Social, announced the launch of a live TV streaming platform, causing its stock to tumble by 14%. The streaming service will include news, religious channels, and "family-friendly content," as well as content that has been canceled or suppressed on other platforms. The company's market valuation has been cut by more than half since its first-trading-week highs, and it recently disclosed a significant loss from operations and interest expenses. Despite concerns over profitability, CEO Devin Nunes stated that the company is "well positioned," but did not provide a timeline for when it expects to be profitable.

via Quartz|
#business-technology#devin-nunes#stock-market
business-technology1 year ago

"Salesforce's Potential Acquisition of Informatica to Enhance Data Capabilities"

Salesforce CEO Marc Benioff is in talks to acquire Informatica Inc. in a move to enhance the company's data integration and management capabilities. The potential deal, which could be one of Salesforce's largest-ever acquisitions, may lead to further consolidation in the software-as-a-service industry and attract regulatory scrutiny. Salesforce has been focusing on sales growth after improving profitability, and the acquisition of Informatica would significantly impact the company's portfolio.

via Yahoo Finance|
#acquisition#business-technology#data-management
business-technology1 year ago

Tata Electronics and Tesla Forge Semiconductor Deal

Tesla has reportedly struck a strategic deal with Tata Electronics to procure semiconductor chips for its global operations, indicating its interest in India beyond local revenue generation. The agreement positions Tata Electronics as a reliable supplier for global clients looking to establish a crucial segment of their semiconductor value chain in India. Elon Musk is expected to meet with Prime Minister Narendra Modi during his visit to India this month and announce potential investments, including plans for EV manufacturing facilities. Tesla is anticipated to invest $2-3 billion in India to manufacture electric cars, with a focus on premium electric models initially. Tata Electronics has bolstered its workforce and made substantial investments in indigenous technology development to create a well-integrated supply chain in India.

via The Times of India|
#business-technology#elon-musk#india
business-technology1 year ago

"Salesforce's Potential Acquisition of Informatica: Boosting Data Capabilities and Stock Impact"

Salesforce CEO Marc Benioff is in talks to acquire Informatica Inc. in a move to enhance the company's data integration and management capabilities. The potential deal, one of Salesforce's largest-ever, could lead to further consolidation in the software-as-a-service industry and attract regulatory scrutiny. Salesforce, which has been focusing on sales growth, is seeking to bolster its data capabilities amid slowing software spending by corporations. If the deal goes through, it could rival Salesforce's previous major acquisitions and mark a significant expansion of its portfolio.

via Yahoo Finance|
#acquisition#business-technology#data-management
business-technology1 year ago

"Elon Musk's Controversies: From Fact-Checking Confessions to Defamation Denials"

Elon Musk, owner of the social media platform formerly known as Twitter, admitted in a deposition that his social media posts "may have done more to financially impair the company than to help it" in a defamation lawsuit. The lawsuit was filed by a 22-year-old man who accused Musk of falsely linking him to a neo-Nazi "false flag" demonstration. Musk acknowledged the risk of being incorrect in his posts but emphasized the importance of free speech. The lawsuit has led to an exodus of advertisers from the platform, and Musk's lawyer's request for confidentiality of the deposition transcript was denied.

via New York Post |
#business-technology#defamation-lawsuit#elon-musk
business-technology1 year ago

"Biden's Billions: TSMC's Boost in US Chip Manufacturing"

TSMC's stock surged as President Biden's administration approved nearly $12 billion in grants and loans for the company to boost chip manufacturing in the US. The deal positions TSMC to receive up to $6.6 billion in grants and $5 billion in direct funding, with plans for a third production facility in Arizona by 2028. This marks the largest foreign direct investment in Arizona and the biggest greenfield project in US history, aiming to add 6,000 high-tech jobs and reduce reliance on China's high-tech manufacturing.

via Yahoo Finance|
#biden-administration#business-technology#investment
business-technology1 year ago

China's EV Edge: Innovation, Not Subsidies

China's Minister of Commerce Wang Wentao stated that the rapid growth of the country's electric vehicle industry is due to constant innovations, not subsidies, and dismissed allegations of "overcapacity" by the US and Europe. The EU has launched an investigation into Chinese EV imports to determine if tariffs should be imposed to offset state subsidies. US Treasury Secretary Janet Yellen expressed concerns about Chinese industrial overcapacity and is in China for discussions on managing the bilateral economic relationship and advocating for a level playing field for American workers and firms.

via CNBC|
#business-technology#china#electric-vehicles
business-technology1 year ago

"Geek Squad Agents Fear Mass Layoffs Due to AI Displacement"

Best Buy has reportedly laid off a significant number of Geek Squad employees, with workers receiving emails about a 'work from home' event and subsequent calls informing them of their employment status. The lack of official clarity has caused panic among employees, with some expressing devastation at the sudden notice. The company's restructuring plans involve integrating AI and implementing a new business strategy, potentially leading to the displacement of human workers. Despite the company's goals for better financial results, the layoffs paint a painful picture of dedicated employees being cast aside for quick cost savings.

via Tom's Hardware|
#ai#best-buy#business-technology
business-technology1 year ago

"Analysts Warn of Potential Tesla Bankruptcy Amidst Slowing EV Market and Design Flaws"

Tesla's shockingly low quarterly sales figures have raised concerns about the company's future growth, leading to a 34% plunge in its stock this year. Analysts are questioning the company's hyper-growth status and its lofty valuation, especially as it missed Wall Street's sales expectations by a wide margin. While Elon Musk rushed to refute reports about getting rid of low-cost EV plans and announced a "robotaxi," concerns remain about the company's ability to restore unit volume and revenue growth. Despite potential short-term rebounds, sustained recovery will require convincing investors of Tesla's ability to return to strong growth and innovation, as its current story revolves around shrinking demand and a shaky outlook.

via Fortune|
#business-technology#electric-vehicles#elon-musk