Tag: Technology

Chinese giant reports slowest revenue growth ever
Chinese giant reports slowest revenue growth ever

Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. The Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology sector. Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan […]

Tesla CEO Elon Musk dances and opens EV plant
Tesla CEO Elon Musk dances and opens EV plant

GRUENHEIDE, GERMANY – MARCH 22: Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Pool | Getty Images News | Getty Images Elon Musk officially opened Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure […]

Nvidia Unveils AI Chips, Tools for Creating Virtual Worlds
Nvidia Unveils AI Chips, Tools for Creating Virtual Worlds

Text size Shares of Nvidia have risen roughly 14% in the past month. Justin Sullivan/Getty Images Nvidia is doubling down on artificial-intelligence technology that CEO Jensen Huang predicts will revolutionize every industry. In the keynote speech for the annual Nvidia (ticker: NVDA) GTC conference—the acronym once stood for GPU Technology Conference, a reference to the […]

Tesla CEO Elon Musk opens electric vehicle plant
Tesla CEO Elon Musk opens electric vehicle plant

SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk will officially open Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off its other factories in […]

Alibaba to Buy Back Up to $25 Billion of Stock
Alibaba to Buy Back Up to $25 Billion of Stock

Alibaba Group Holding ltd. BABA -4.35% boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure investors about the company’s prospects after a year in which its stock has fallen by more than half. The potential buybacks are substantial compared with the Chinese e-commerce giant’s market value: As of […]

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