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Artificial intelligence

Valiot’s AI Manufacturing Tech Promises Growth in Texas

AUSTIN, Texas, May 12, 2022 (GLOBE NEWSWIRE) — Valiot leaders and Texas government officials alike see the company’s AI-based value chain-oriented software as one that will bolster state growth, reshoring, and its overall GDP. Valiot CEO Federico Crespo and other members of his team met with Texas Secretary of State John Scott at the Texas […]

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Business

Start-up investor Jason Calacanis raising millions for Twitter stake

Jason Calacanis Adam Jeffrey | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to buy the social media company. “We are now collecting interest to invest in Twitter with […]

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Markets

Opinion: The S&P 500’s charts are pointing to more stock-market losses

This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February […]

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Internet

FTC Takes Aggressive Action Against Internet Service Provider for Misrepresenting Internet Speeds

Last week, the Federal Trade Commission (FTC) and the District Attorneys of Los Angeles County and Riverside County agreed to an order to settle claims against Frontier Communications Intermediate, LLC and its parent company, Frontier Communications Parent, Inc. (collectively, Frontier). The plaintiffs alleged that Frontier promised internet speeds that Frontier did not deliver. The order, […]

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Business

Tesla Shanghai production lags due to parts shortages

Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. US electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. DingTing | Xinhua News Agency | Getty Images Tesla reduced vehicle production at […]