Waymo self-driving vehicles pull over in California due to fog

Nissan seeks tech growth independent of Renault

An exclusive story by Reuters on Friday reports, citing seven people with knowledge of the matter, that Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalize terms of the limited alliance.

According to the report, Nissan is seeking a partner outside the auto industry to develop software that connects vehicles to cloud-based services, two people involved in discussions said, without elaborating on candidates. That would address a relative weakness for Nissan as it tries to make cars "smarter and more connected", one of... More

Brazilian Government offer fresh perks for a BYD plant as Ford talks stall

In February, the Brazilian government opened negotiations with electric automaker BYD in the hopes of reopening a factory that belonged to Ford (NYSE: F) in Camacari. Ford ended activities at the Camacari industrial complex in January 2021 following 20 years of operations.

However, as talks have stalled, a story from Reuters, citing unnamed sources, reports Thursday that... More

Mizuho sees GM as a front-runner among its global peers; initiates coverage at Neutral

Mizuho initiated coverage of General Motors (NYSE: GM) with a Neutral rating and $39.00 price target on the stock.

Analyst Vijay Rakesh wrote in a note, ~98% of GMs automotive revenue comes from legacy ICE vehicles; however, GM is aggressively transitioning to electric vehicles (EV) and developing autonomous technologies, moving away from its legacy positioning. We see GM as a front-runner among its global peers in this transition, with a leading EV and AV/ADAS roadmap comprised of its Ultium EV battery platform, Super/UltraCruise for consumer ADAS, and Cruise Automation for AV, while acknowledging the... More

Zeekr launches compact electric SUV, targets European market

Chinese electric vehicle maker Zeekr announced Wednesday that the automaker launched a compact, all-electric sport utility vehicle, as it targets a premium market in China that has been dominated by German automakers. The company also announced plans to offer the SUV-styled Zeekr X and its Zeekr 001 EV sedan in Western Europe, but would not disclose when that would be.

With a starting price of 189,800 yuan ($27,615.31) in China, the Zeekr X offers... More

Active options: AMD GOOGL BABA NKLA META GOOG UBS F NIO MU

Active options: AMD GOOGL BABA NKLA META GOOG UBS F NIO MU

Waymo vehicles pull over in California due to fog

(Reuters) -Alphabet Inc's self-driving technology unit Waymo said on Wednesday that some of its vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the road.

The incident, which occurred at around 6.00 a.m. Pacific Time on Tuesday, impeded some traffic movement... More

Morgan Stanley on Cloud Optimization: Short Term Pain for Long Term Gains

Morgan Stanley analyst Meta Marshall on cloud optimization: "Looking at the present value of the revised opportunity, the public cloud could be a $18 trillion opportunity longer term, over $4 trillion higher than pre-optimization. While Azure (Microsoft), AWS (Amazon) and GCP (Google) are expected to take largest individual share of this... More

Alphabet’s (GOOGL) Waymo and Aurora (AUR) hit speed bump as union opposes safety exemption for driverless trucks

Alphabet's (NASDAQ: GOOGL) self-driving unit Waymo hit a speed bump on Tuesday after major transport union, the Federal Motor Carrier Safety Administration (FMCSA), voiced its opposition to a petition put forward by the tech company.

Waymo, alongside autonomous driving company Aurora (NASDAQ: AUR) are seeking an exemption from rules on warning devices for large... More

General Motors (GM) to lead $50M funding round for lithium extraction startup EnergyX

General Motors (NYSE: GM) announced Tuesday that the American automakers venture capital arm will lead a $50 million financing round for EnergyX, a Texas-based startup developing a more efficient method to extract and process lithium from salt flats.

The global push by automakers to electrify their fleets has sparked a rush for stable supplies of lithium, copper, nickel and other critical minerals.... More

General Motors (GM) Leads $50 Million Funding Round in EnergyX to Unlock U.S.-Based Lithium Supply for Rapidly Scaling EV Production

Energy Exploration Technologies Inc.

("EnergyX") and General Motors Co. (NYSE: GM) today announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered into a strategic agreement to develop EnergyX's lithium extraction and refinery technology. The collaboration is focused on unlocking the North American supply of lithium, a critical material for EV batteries, by using EnergyX's innovative process to maximize efficiency while improving sustainability for GM's rapidly scaling EV production.

EnergyX's direct lithium extraction (DLE)... More

House committee chair Gallagher 'concerned' by Tesla (TSLA) dealings with China

Mike Gallagher, a Republican representative from Wisconsin and chair of the U.S. committee on China voiced his concerns Monday evening about electric carmaker Tesla Inc's (TSLA.O) dependency on China.

The Chairperson said he would like to know how Tesla's CEO Elon Musk balances U.S. government support for Tesla and its operations in China. The statements came one day after the CEO announced in a tweet that Tesla plans to open a Megapack battery factory in Shanghai.

"I'm concerned about this,"... More

AWS, Microsoft Azure and Google Cloud � Street Growth Expectations Are Still Too High - UBS

UBS analyst Karl Keirstead on cloud growth:

"Even below-Street investor growth expectations may prove to be too high. For Microsoft, we maintain our in-line 3Q/Mar c/c Azure revs growth estimate of 30%, but we again lower our Azure c/c revs growth estimates for 4Q/Jun 2023 (to 24% from... More

Amazon (AMZN): UBS warns AWS growth may dip below 10%

Amazon (NASDAQ: AMZN) shares are roughly 2% in pre-market Tuesday after UBS analyst Karl Keirstead issued a warning that Street expectations for cloud growth remain too high for the first quarter.

Amazon, Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL) are expected to report on their Q1 performance later this month.

Our checks down-ticked relative to our... More

Active options: META GOOG BAC MARA FRC SCHW BABA COIN F PLTR INTC

Active options: META GOOG BAC MARA FRC SCHW BABA COIN F PLTR INTC

Microsoft (MSFT) slips 2% as UBS cuts estimates again on 'too high' Azure growth expectations

UBS analyst Karl Keirstead reiterated a Neutral rating and a $275 per share price target on Microsoft (NASDAQ: MSFT) as he believes Azure estimates remain too high.

Recent trends (spend optimization/cuts, slower migration as well as new developer activity) have continued into 1Q23 and if anything feel worse than 3 months ago, the analyst said in a client... More

General Motors moves deeper into mining with EnergyX lithium investment

By Ernest Scheyder

(Reuters) -General Motors Co on Tuesday said it will invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest deal by the car maker to ensure long-term supplies of the metal used to make electric vehicle batteries.

The global push by automakers to electrify their fleets has sparked a rush for stable supplies of lithium, copper, nickel and other critical minerals. Demand is expected to exceed supply by the end of the decade, fueling interest in novel production methods.

Privately-held EnergyX is one of several companies developing so-far... More

General Motors To Invest In Mining Startup Energyx To Help Commercialize Lithium Extraction Technology - Reuters

General Motors To Invest In Mining Startup Energyx To Help Commercialize Lithium Extraction Technology - Reuters

China reportedly planning 'security reviews' of AI services like ChatGPT

Several news outlets are reporting that the Chinese government is considering introducing new security reviews for artificial intelligence (AI) services, including natural language processing (NLP) models like ChatGPT.

The proposed reviews would reportedly require AI service providers to undergo thorough examinations of their technology and data management practices to ensure that they... More

Stock market today: Dow ends higher as chip stocks climb to offset big tech wobble

By Yasin Ebrahim

Investing.com -- The S&P 500 cut losses Monday as a surge in chip stocks helped offset an Apple-infused stumble in big tech and jitters about further Federal Reserve tightening following a strong March jobs report.

The S&P 500 was up 0.1%, the Dow Jones Industrial Average added 0.3%, or 101 points, and the Nasdaq ended flat after falling more than 1% intraday. 

Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory.

Apple Inc (NASDAQ:... More

S&P 500 cuts losses, but Apple-led slip in tech weighs

By Yasin Ebrahim

Investing.com -- The S&P 500 cut losses Monday but remained pressured by an Apple-infused slip in big tech and jitters about further Federal Reserve tightening following a strong March jobs report.

The S&P 500 fell 0.2%, the Dow Jones Industrial Average added 0.1%, or 47 points, and the Nasdaq fell 0.4%.

Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory.

Apple Inc (NASDAQ: AAPL) fell about 2%, with Alphabet Inc (NASDAQ:... More

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Active options: GOOGL GOOG META AMD BTG BAC SCHW BABA BBBY FRC F XOM HPQ

We continue to view Generative AI as a seismic force in the technology landscape - GS

Goldman Sachs analyst Gabriela Borges on generative AI: "We continue to view Generative AI as a seismic force in the technology landscape."