The Business & Technology Network
Helping Business Interpret and Use Technology
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The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
In Minneapolis, it has become a battle of phone versus phone.
Agents use facial recognition, social media monitoring and other tech tools not only to identify undocumented immigrants but also to track protesters, current and former officials said.
New phone designs, coupled with robust holiday spending, continued to lift iPhone sales in the quarter and drove the company to record profits.
OpenAI’s discussions with Microsoft, Nvidia, Middle Eastern sovereign wealth funds and others could value it at $750 billion or more.
A.I. companies are buying up memory chips, causing the prices of those components — which are also used in laptops and smartphones — to soar.
The rivals made billions of dollars in the business over the past year, showing other companies that Nvidia isn’t the only game in town.
That would be a major jump from $72 billion last year, as the tech giant aims to compete in the artificial intelligence race.
The company said on Wednesday that revenue in the most recent quarter was $81.3 billion, but its share price dropped more than 7 percent in after-hours trading.
The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest models in its lineup.