Tesla passes GM as most valuable U.S. automaker, short sellers burned

Business Oct 25, 2019

Tesla passes GM as most valuable U.S. automaker, short sellers burned

Tesla Inc. shares soared 17 percent on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk's promise of a profit in the third quarter, even as doubts remained about its long-term prospects. Trading at $298, Tesla's market capitalization ...

Alibaba's Jack Ma says 12-hour work week could be the norm

Business Aug 29, 2019

Alibaba's Jack Ma says 12-hour work week could be the norm

Billionaire Jack Ma, long an outspoken advocate for China's extreme work culture, says that people should be able to work just 12 hours a week with the benefits of artificial intelligence. People could work as little as three days a week, four hours a day ...

Microsoft joins project on ethical artificial intelligence

Business / Tech Jul 23, 2019

Microsoft joins project on ethical artificial intelligence

Microsoft on Monday announced a $1 billion investment in an OpenAI ethical artificial intelligence project backed by Tesla's Elon Musk and Amazon. The partnership will be devoted to developing advanced AI models on Microsoft's Azure cloud computing platform while adhering to "shared principles on ethics ...

Employees sour on Tesla amid cost-cutting and layoffs

Business / Corporate Jun 10, 2019

Employees sour on Tesla amid cost-cutting and layoffs

Tesla Inc's rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover. Tesla placed 16th on LinkedIn's annual "Top Companies 2019" list published in April, compiled from billions of ...