China’s BYD to use Huawei’s advanced autonomous driving system in off-road EVs
By Qiaoyi Li, Zhang Yan and Farah Master BEIJING (Reuters) – Chinese electric vehicle giant BYD has signed an agreement with Huawei to use the Chinese tech conglomerate’s advanced autonomous…
Drones and AI, startup develops fire monitoring platform
Drones and AI: Wildfires are a plague affecting half of Europe and beyond at the height of summer. In forest firefighting activities, civil defence and firefighters are frequently faced with…
Zoom lifts revenue forecast on growing demand for AI tools used in hybrid work
By Juby Babu (Reuters) – Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and…
The chip shortage could change our world forever
Chip shortage: Who will win the chip challenge? The question is worth billions of dollars of investment for Europe and the U.S., engaged in a wild race to beat Chinese…
Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
By Jaspreet Singh (Reuters) – Wolfspeed forecast first-quarter revenue below estimates on Wednesday, anticipating manufacturing issues that could affect its production capacity amid slowing EV sales. Shares of the chipmaker,…
Chevron to invest about $989 million in India, state minister says
By Harshita Meenaktshi (Reuters) – Chevron plans to invest 83 billion rupees ($989.20 million) in India’s Bengaluru, in what will be the oil and gas firm’s largest tech center outside…
Copper giant Codelco invests in EVs, cacti as part of green makeover
By Fabian Cambero and Nicolas Cortes EL TENIENTE MINE, Chile (Reuters) – Chilean copper giant Codelco, under growing pressure from global clients demanding sustainable mining credentials, is trying to give…
Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser
By David Shepardson YORK, Pennsylvania (Reuters) – Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending a $7,500 tax credit for electric-vehicle purchases and…
Revolut joins Europe’s biggest banks with $45 billion valuation after share sale
By Tommy Reggiori Wilkes LONDON (Reuters) – Britain’s Revolut has been valued at $45 billion through a secondary share sale to new and existing investors, the financial technology firm said…
EV maker Rivian halts production of Amazon delivery vans amid parts shortage
By Zaheer Kachwala (Reuters) – Rivian has temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com due to a shortage of parts, a spokesperson for the…