Tag Archives: Artificial Intelligence (AI) News

Tesla’s market cap now stands at more than $140 billion as TSLA stock has already reached $780 (and is moving even higher in the premarket). Let that sink in for a bit. This is more than the famous U.S. automakers General Motors ($48.2B) and Ford ($35.7B) – together. And that’s not all folks. The best is yet to come.As per the ARK Investment Management, which has assigned an astronomical price target for the electric vehicle manufacturer of $15,000 by 2024. If that happens, it would make...

Currently, the leading electric car manufacturer Tesla is recruiting new talents. It may seem that getting a job at Tesla is unrealistic as only professionals with incredible skills are working there. However, we are going to change your mind.On Sunday, Elon Musk tweeted that Tesla’s artificial intelligence department can recruit you even if you don’t have a college degree.“At Tesla, using AI to solve self-driving isn’t just icing on the cake, it the cake” – @lexfridmanJoin AI at Tesla! It...

Elon Musk‘s Tesla Inc. is on a roll as the company’s stock price has surged nearly 100% in the last three months. Last Wednesday, January 29, Tesla released its Q4 2019 earnings taking Wall Street by a big surprise.Beating the analysts’ expectations, Tesla registered total sales of $7.38 billion against the street projections of $7.02 billion. The electric car maker posted an EPS of $2.14 against the expected $1.71. The company said that its Model 3 deliveries were up 45% YoY and it expects...

Walmart’s new shopping platform might be the next big thing. America’s largest retailer has been testing a new shopping platform. The platform referred to as Alphabot has begun trial testing at a supercenter in Salem, New Hampshire. The aim of Alphabot is simple. Grocery shopping can be a chore for many. Automation of the process saves time. Customers’ needs may vary. And Alphabot is a system to automate all customer’s needs. Human interaction is necessary only at the end of the selection...

On December 16, Intel announced that it had acquired Habana Labs in a clear indication that it aims to venture deep into the AI chip market. Habana is an Israel-based developer of programmable AI and machine learning accelerators that are used for cloud datacenters. Analysts estimate that this deal is worth about $2 billion.Intel further stated that it will enhance its AI strategy as Habana starts sampling its proprietary silicon to customers. Last November, Habana raised $75 million in...

Coinspeaker The People’s Bank of China Set to Create New Standards for Fintech and Blockchain The People's Bank of China has a plan to create a new set of standards for both fintech and blockchain industries in the nearest future. The People’s Bank of China Set to Create New Standards for Fintech and Blockchain Continue reading at Coinspeaker

On Monday, the American automobile giant Ford unveiled its new all-electric Mustang Mach-E SUV in a breakthrough announcement. The Mach-E SUV is pitched to revive the Ford Mustang legacy while simultaneously adopting the trend for next-generation electric vehicles.Needless to say, the first glimpses are quite stunning as the Mach-E sets up new precedence in the electric car industry. While taking the competition bar higher, the Mustang Mach-E will hit the streets next year in 2020.Ford’s...

Photo: ShutterstockRemember Blockbuster video stores, Nokia mobile phones, the Palm Pilot, and Polaroid cameras? All were once dominant in their respective fields, but no longer. The reason? They were all overtaken by technological advancements that rendered them irrelevant or obsolete in the eyes of their customer base. And something similar is happening in the banking industry. The days of queuing at the counter and having a chat with the bank clerk when your turn comes appear numbered....

Tech-giant Microsoft released its earnings report from their first quarter on Wednesday but MSFT stock hasn’t shown any bigger movements. At the time of writing, however, the stock in premarket went up by 0.64% to $137.24.The results were better-than-expected meaning earnings came to $1.38 per share, excluding certain items. Analysts expected $1.25 per share. Revenue was $33.06 billion that was slightly more than analysts’ expectations of $32.23.Revenue grew 14% in the first quarter of...

It seems that the guys at Google set to beat everyone else in the game of quantum computing which has already set certain sparks in motion as to the veracity of such claims. According to Google, they have made a breakthrough that enables computers to be able to make calculations that are seemingly impossible with the speeds of today’s computers and are virtually unheard of in terms of technological breakthroughs. Referred to as “Quantum Supremacy”, this achievement allegedly puts Google...