As per a report by the NYT, SpaceX could potentially take a stake in Tesla and partially help finance the buyout. As per a report by the New York Times, Tesla Inc’s CEO Elon Musk has no plans to relinquish his role as chairman and chief executive officer of the company. NYT’s interview of Musk…
Deliveries by self-driving cars from the Fry’s store will cost $5.95 with no minimum order and will be available at addresses within the store’s zip code of 85257. On Thursday, U.S. supermarket operator Kroger Co stated it will begin testing driverless grocery deliveries from today and to do so it has partnered with tech firm…
Computers belonging to the state government of Alaska, including the local ISP, the governor’s office, the Alaska Department of Natural Resources, etc were extensively scanned by hackers from China’s Tsinghua University, reads a report by cyber security firm Recorded Future. As per a cyber security research firm Recorded Future, hackers operating from an elite Chinese…
Starboard, which has nominated 5 members to Symantec’s board, intends to boost Symantec’s margins. On Thursday, as per a report from The Wall Street Journal, Starboard Value LP, an activist investor, has taken a 5.8% stake in Symantec Corp and is looking to take at least 5 seats in its Board of Directors. The WSJ…
China Evergrande Group has allocated $239.53 million for 6 hi-tech projects undertaken by the Chinese Academy of Sciences, which includes areas such as surgical robotics, graphene, artificial intelligence, unpiloted aircraft, and health engineering. On Thursday, China Evergrande Group, a property developer, stated it plans on investing $239.53 million into six high-tech projects by the Chinese…
South Korea’s transportation ministry has stressed that the ban is more in the nature of safety checks rather than punitive action. Following its own internal investigation into the root cause of the engine fires, it said it could take legal action. On Tuesday, South Korea’s transport ministry stated, it will ban nearly 20,000 BMW vehicles…
What many thought to be a joke is turning out to be anything but. While analysts are concerned about Tesla’s ability to pull off what is slated to be the largest buyout in in history, many backers, including mutual fund Fidelity believe in Musk’s ability and vision of the future. Following Tesla Inc’s CEO Elon…
While Musk’s last Tuesday’s tweets must have given a series of palpitations to those who were betting against Tesla’s stock, while many investors believed it to be a prank which is in line with the Tesla brand, SEC lawyers aren’t amused since these could potentially trigger non-compliance of disclosures. Elon Musk’s proposal to take Tesla…
Goldman Sachs says that Intel is facing a big problem with the issues in technology for manufacturing chips. The repeated delays in graduating itself to the manufacture of next generation chip process technologies resulted in the lowering of the rating for Intel by Goldman to sell from neutral. “We see Intel’s struggles with 10nm process…
Backed by financial firms and wealthy individuals, venture capital funds have already partially replaced the role played by retail investors, thus cementing the role played by blockchain technology and cryptocurrencies in the coming future. On Friday, Singapore-based Golden Gate Ventures, a venture capital firm, stated it will launch a $10 million fund, called LuneX Ventures,…
business-gurus.com 