Lucid reported disappointing third-quarter results with losses widening beyond analyst expectations. The EV maker continues to struggle with its Gravity SUV launch while securing additional funding from Saudi Arabia’s Public Investment Fund.
Nvidia’s CEO just dropped a bombshell prediction about the AI race. Jensen Huang says China will win thanks to free power and fewer regulations. This comes as Trump maintains bans on advanced chip exports.
The Trump administration’s $80 billion investment in Westinghouse nuclear plants includes a provision that could force an IPO by January 2029. Under the deal, the U.S. government could become an 8% shareholder if Westinghouse’s value surges to $30 billion or more. This represents one of the most sig
Michael Burry, famous for predicting the 2008 housing crash, has placed massive bets against AI giants Nvidia and Palantir. His fund bought $187.6 million in puts on Nvidia and $912 million in puts on Palantir. The move comes as both companies face concerns about overvaluation despite massive market
Ingram Micro is pushing partners to focus on monetizing AI rather than just experimenting with it. The distributor is expanding its Trust X Alliance globally while emphasizing services, efficiency, and cybersecurity as key growth areas.
Sam Altman says OpenAI’s revenue is “growing steeply” despite concerns about massive AI spending. The CEO revealed he’d only consider an IPO to prove critics wrong and watch short sellers get burned. Microsoft’s Satya Nadella remains bullish on their partnership.
Brazil has become the newest frontier for China’s electric vehicle expansion. Chinese models now command over 80% of the country’s EV market, with imports surging from about 38,000 to 138,000 vehicles in just one year.
New research shows two-fifths of North American SAP users haven’t begun migrating to S/4HANA despite the 2027 deadline. Business process changes and customizations present major hurdles for organizations running on legacy ECC systems. The cultural shift appears as challenging as the technical migrat
WatchGuard has hired former Kaseya President Joe Smolarski as its new CEO, who aims to replicate his Kaseya success by doubling MSP cybersecurity margins. Smolarski plans to accelerate platform integration and drive down costs for partners, with partners already predicting major growth under his lea
IBM is cutting a “low single-digit percentage” of its 270,000 employees, potentially affecting 2,700 to 5,400 workers. The company says US employment will remain flat while continuing to hire in other markets like India.
