Category: Robots

In a parallel universe, Tesla Inc. might have been a part of Apple Inc.’s vast empire, but this alternate reality hinges on a meeting between the company’s respective CEOs Elon Musk and Tim Cook that never took place. A few years ago, during Tesla’s most challenging period, Musk reached out to Apple about a potential acquisition, a move that could have altered the trajectories of both companies, according to a 2020 tweet by Musk reported by CNBC. Don’t Miss: Funders on this alternative asset platform are earning more than 14% annualized consignment profit funding pro-consignment opportunities…. Read More “Elon Musk Tried To Sell Tesla To Apple — But CEO Tim Cook Refused To Even Meet With Him: ‘You Know, I’ve Never Spoken To Elon. I Don’t Remember It Being Like That. But He Said That He Did, And So I Assume That’s Correct.’”

By John Revill ZURICH (Reuters) -ABB raised its sales and profitability targets on Thursday, the latest European industrial group to outline more ambitious goals despite an uncertain global economic backdrop. The maker of industrial robots, motors and controllers wants to tap into long-term trends like increased automation to tackle aging workforces, a desire to reduce carbon emissions and the rise of AI in factories. Unveiling new targets, ABB said it now expects sales to increase by 6-9% annually from 2024, up from its previous goal for a 4-7% increase. “You need to be confident to put up th… Read More “Engineering group ABB points to long-term trends as it raises sales target”

Will fears of robot overlords taking over the World start with acai bowls? A startup called Kernel is the latest venture that will leverage robots to improve efficiency and cut costs. Steve Ells, the founder and former CEO of Chipotle Mexican Grill Inc., announced his return to the industry with a dining experience featuring a meat-free menu and robotic automation. Scheduled to open its first location in Manhattan, New York, Ells and the Kernel team have ambitious expansion plans, with at least a dozen more restaurants slated to pop up across New York over the next two years, according to a re… Read More “Robot Chefs And Meat-Free Menu For New Dining Chain Kernel Launched By Former Chipotle CEO”

By Ian Krietzberg Cathie Wood, the CEO and investment lead of Ark Invest, has long been very clear about one point: Elon Musk is an innovator worth betting on. Much of this bet on Musk has culminated in several enormous holdings — and a powerful bull thesis — in Tesla (TSLA) – Get Free Report. Across Ark Innovation and Ark Autonomous Tech and Robotics, the firm owns more than $750 million worth of stock in Tesla, which Wood thinks will be trading at $2,000 per share by 2027. But Wood is not content to keep her Musk bets solely on Tesla. Last year, Wood launched an Ark Venture Fund, which allow… Read More “Cathie Wood unveils bold multi-billion-dollar thesis for Tesla Chief Elon Musk’s SpaceX”

Contrary to popular belief, the World’s most profitable company in 2023 is not a tech giant like Apple Inc. or Alphabet Inc.’s Google but oil giant Saudi Aramco. Last year, Saudi Aramco reported a net income of $161.1 billion, marking its highest annual profit as a listed company. This immense profitability is built on a foundation of $592 billion in oil and petrochemicals sales, a significant increase from $400 billion in sales the previous year. Fortune recognized Saudi Aramco as the most profitable company ever in August. In 2022, Saudi Aramco’s revenue reached $604.4 billion, with a market… Read More “The ’s Most Profitable Company Is Not Apple Or Google — It’s A 90% Government-Owned Business In Saudi Arabia”

The following is a listing of all real estate transfers in these New Jersey counties reported from Nov. 13 to Nov. 19. NJ.com publishes weekly reports on recent real estate sales across the Garden State, as well as top sales by county and other real estate news, from unique homes for sale to trends. See all homes sold in Atlantic County, Nov. 13 to Nov. 19 See all homes sold in Burlington County, Nov. 13 to Nov. 19 See all homes sold in Camden County, Nov. 13 to Nov. 19 See all homes sold in Cape May County, Nov. 13 to Nov. 19 See all homes sold in Cumberland County, Nov. 13 to Nov. 19 See all… Read More “See all homes sold in these New Jersey counties, Nov. 13 to Nov. 19”

The CNN Money Fear and Greed index showed further improvement in overall market sentiment, with the index remaining in the “Greed” zone on Friday. U.S. stocks closed mixed in the holiday-shortened trading session on Friday, ahead of the major shopping season. Meanwhile, all three major indices recorded their fourth straight weekly gains. iRobot Corporation (NASDAQ: IRBT) shares jumped around 39% following a report suggesting Amazon.com Inc.’s (NASDAQ: AMZN) proposed acquisition of the robot vacuum maker is set to get unconditional approval from EU antitrust authorities. On the economic data fr… Read More “Fear & Greed Index Remains In ‘Greed’ Zone; US Stocks Notch 4th Consecutive Weekly Gain”

Alibaba Group Holding Limited (NYSE: BABA) continues to make headlines with its business restructuring attempts to unlock shareholder value. The company reportedly closed its quantum computing research lab, indicating a shift towards cost-cutting measures. The company plans to donate the lab’s equipment to Zhejiang University in Hangzhou, where Alibaba is headquartered, Bloomberg reports. Approximately 30 staff members will be affected by the closure, with some potentially finding new roles at the university. This move is part of a more significant restructuring by Alibaba, led by Joseph Tsai … Read More “What’s Going On With Alibaba Stock Monday?”

Microsoft Corp. Co-Founder Bill Gates is celebrated for his monumental role in the tech World and is known as one of the planet’s wealthiest people. Yet, an intriguing “what-if” scenario arises: Had he “diamond-handed” his Microsoft shares — a term in finance meaning to hold onto assets through market ups and downs — his wealth might have soared to unmatched levels. A resurfaced article from 2021 amplifies this speculation: What if Gates had kept his initial Microsoft stakes? Could he have outpaced today’s wealthiest, like Tesla Inc. CEO Elon Musk and Amazon.com Inc. Founder Jeff Bezos, to bec… Read More “Bill Gates Could Be A Trillionaire Today If He Had ‘Diamond-Handed’ His Original Microsoft Shares”

Contrary to the adage “looks aren’t everything,” a recent study suggests that being perceived as attractive in your teenage years may have a more significant impact on climbing the social ladder than previously believed. University of Oslo sociology professor Alexi Gugushvili, author of the study Physical Attractiveness and Intergenerational Social Mobility published in Social Science Quarterly, shared the motivation behind the research. “There is a popular notion that physically attractive individuals have an advantage. … Yet, we couldn’t find many studies showing if attractiveness really hel… Read More “Looks Don’t Matter? Think Again — Study Uncovers How A Man’s Physical Attractiveness Impacts His Path Up The Social Ladder”