Tag: tech

2024-10-09

GM ditching ‘Ultium’ name for batteries, tech amid EV changes

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Business

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it rethinks its EV and…

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2024-09-12

Oracle trails only Nvidia among large-cap tech in 2024, Ellison wins

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Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Larry Ellison turned 80 last month. It’s been a celebratory year. While fellow legacy tech players Intel and Cisco struggle to find their footing in a world driven…

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2024-08-29

Warren Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so

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Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to score the coveted milestone. Shares of the Omaha, Nebraska-based conglomerate have rallied more than 28% in 2024, far above…

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2024-08-23

British tech entrepreneur Mike Lynch found in Sicily yacht wreckage

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Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013.  Bloomberg | Bloomberg | Getty Images LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source familiar with the matter…

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2024-08-05

Tech stocks see steep three-week slump, led by Amazon, Intel

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Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With quarterly earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq Composite slumped 3.4% this week, bringing its three-week slide to 8.8%. That’s the worst performance for the tech-heavy…

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2024-08-02

Here’s what it means for U.S. tech firms

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Business

The European Union’s landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants. The AI Act, a landmark rule that aims to govern the way companies develop, use and apply AI, was given final approval by EU member states, lawmakers, and the European Commission — the executive body of the…

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