Tesla fires team expanding Supercharger network. Expert explains why it was a good move for Elon Musk—and consumers
Last week, Tesla fired 500 employees responsible for expanding its Supercharger network.
May 8, 2024
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Last week, Tesla fired 500 employees responsible for expanding its Supercharger network.
May 8, 2024
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Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI.
Apr 30, 2024
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Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show.
Apr 29, 2024
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How about turning a car's front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? Or a 43-inch (109 centimeter) screen for the passengers in the ...
Apr 25, 2024
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One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.
Apr 25, 2024
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As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind.
Apr 24, 2024
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Last month, the Department of Justice filed its long-awaited antitrust suit against Apple, accusing the company of monopolizing the smartphone market. This makes Apple the last of the U.S.-based tech giants to face a major ...
Apr 23, 2024
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Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter.
Apr 23, 2024
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Full disclosure: ChatGPT didn't write this—but theoretically, it could have. Generative AI has progressed to the point where its output seems comparable in style and quality to that of human content creators. At first glance, ...
Apr 18, 2024
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Carlotta Rigotti and Eduard Fosch-Villaronga have published a new article that offers an insightful and critical literature review on fairness and AI in the labor market as part of the BIAS project.
Apr 18, 2024
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A market is any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy. It is an arrangement that allows buyers and sellers to exchange things. Markets vary in size, range, geographic scale, location, types and variety of human communities, as well as the types of goods and services traded. Some examples include local farmers’ markets held in town squares or parking lots, shopping centers and shopping malls, international currency and commodity markets, legally created markets such as for pollution permits, and illegal markets such as the market for illicit drugs.
In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information. The exchange of goods or services for money is a transaction. Market participants consist of all the buyers and sellers of a good who influence its price. This influence is a major study of economics and has given rise to several theories and models concerning the basic market forces of supply and demand. There are two roles in markets, buyers and sellers. The market facilitates trade and enables the distribution and allocation of resources in a society. Markets allow any tradable item to be evaluated and priced. A market emerges more or less spontaneously or is constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.
The historical origin of markets is the physical marketplaces which would often develop into small communities, towns and cities.[citation needed]
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