Key Points: Zhang Ping'an dismisses concerns about AI chip shortages impacting China's AI leadership ambitions. Huawei developed its own AI chip, Ascend, which many Chinese companies use despite being inferior to Nvidia's chips. Zhang emphasizes innovation and cloud-based solutions to...
Key Points: Tesla's stock rose 17% after better-than-expected Q2 delivery numbers. Short sellers lost an estimated $3.5 billion as Tesla's stock rallied. Tesla delivered 443,956 vehicles in Q2, surpassing estimates. To boost sales despite declining demand, Tesla offered various incentives. The new Cybertruck has faced quality problems and recalls. Analysts predict a 2.9% revenue decline...
Key Points: European markets edged higher, with the DAX up 0.43%, CAC 40 up 0.71%, and FTSE 100 up 0.78%. Wall Street gains and potential rate cuts from the Federal Reserve influenced market sentiment. Political developments in the U.K. and France are in focus, with significant elections upcoming. Crude oil prices fell due to soft...
Key Points: Microsoft has agreed to pay $14 million to settle claims of leave discrimination. Women and individuals with disabilities were disproportionately impacted by the alleged discrimination. Microsoft denies wrongdoing but has agreed to the settlement to resolve the claims. Microsoft will hire an independent consultant, allow employees to raise complaints, and provide training to...
Key Points: Samsung is expected to report a 13-fold increase in Q2 profit, reaching 8.8 trillion won. The chip division...
