President Joe Biden is set to unveil tariffs on Chinese electric vehicles (EVs), marking a significant move that could impact the sector and its key players. US Government's Tariff Plan The US government, as reported by Bloomberg, is gearing up to impose tariffs on several Chinese industries, including EVs, solar cells, and batteries. This decision comes amidst concerns about the influx of … [Read more...]

Affirm is making substantial investments in AI-powered chatbots to meet the needs of Generation Z, who are averse to using phones for communication. According to Gartner, AI chatbots are projected to replace a significant portion, around 20-30%, of customer service agents by the year 2026. Despite the potential cost savings and operational efficiency, the adoption of AI customer service solutions … [Read more...]

On Wednesday, US stocks experienced a decline, primarily driven by a sell-off in the tech sector following disappointing financial results and earnings forecasts. Tech Sector Leads the Decline Major indexes started the day on a lower note, with the Nasdaq Composite witnessing a 0.6% slump. Key Stock Movements Uber shares tumbled approximately 5% after the rideshare giant reported a $654 million … [Read more...]

Elon Musk is looking to deploy Tesla's robotaxis in China, state media reports say. Tesla is planning to rollout its robotaxis in China, state-owned newspaper China Daily reported. Elon Musk suggested implementing Tesla's Full Self-Driving technology in China's taxi services. The EV giant said it would unveil its long-awaited robotaxis on August 8. Elon Musk's Strategic … [Read more...]