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Tesla offers Elon Musk a trillion-dollar pay package
CEO will have to increase the value of his electric car company from just over $1tn to $8.5tn over 10 years Business live – latest updates Elon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by the electric car company he runs and in which…
‘Slap on the wrist’: critics decry weak penalties on Google after landmark monopoly trial
Judge said tech giant had monopoly but let it keep Chrome and Android; critics cried foul while Wall Street cheered A judge ruled on Tuesday that Google would not be forced to sell its Chrome browser or the Android operating system, saving the tech giant from the most severe penalties sought by the US government.…
Tesla sales in Europe slump 40% as BYD new car registrations more than triple
Electric car business run by Elon Musk continues to lose ground to Chinese rival despite recent revamp of Model Y Business live – latest updates Tesla sales slumped 40% across Europe in July compared with a year earlier as Elon Musk’s electric car company faces increasingly tough competition from its Chinese rival BYD. There were…
Nvidia sets fresh sales record amid fears of an AI bubble and Trump’s trade wars
Despite surpassing Wall Street expectations for its AI chips, company shares drop 2.3% in after hours trading Chipmaker Nvidia set a fresh sales record in the second quarter, surpassing Wall Street expectations for its artificial intelligence chips. But shares of the chip giant still dropped 2.3% in after hours trading, in a sign that investors’…
Half of UK adults worry that AI will take or alter their job, poll finds
The TUC calls for a new approach to technology and greater input from workers on how it is deployed Half of adults in the UK are concerned about the impact of artificial intelligence on their job, according to a poll, as union leaders call for a “step change” in the country’s approach to new technologies.…
Trump threatens tariffs on countries that ‘discriminate’ against US tech
President’s move could hit UK’s digital services tax and measures in EU states such as France, Italy and Spain Business live – latest updates Donald Trump has threatened to impose tariffs and export restrictions on countries whose taxes, legislation and regulations target US big tech companies such as Google, Meta, Amazon and Apple. In a…
Intel shares jump after report says Trump administration looking at stake
Market value passes $104bn despite White House saying claims of talks to invest in factories are ‘speculation’ Shares in Intel have jumped 7.4% after it was reported that the Trump administration is considering taking a stake in the struggling US chipmaker. The potential investment, which would be paid for by the US government, would be…
UK traffic to popular porn sites slumps after age checks introduced
Figures from digital data company show effect of strict rules brought in last month under Online Safety Act British visits to popular pornography sites have slumped following the introduction of strict age checks last month, data shows. Daily visits to Pornhub, the UK’s most used porn site, fell from 3.6m on 24 July, the day…
OpenAI says latest ChatGPT upgrade is big step forward but still can’t do humans’ jobs
Though GPT-5 model has better coding and writing abilities it is not yet able to ‘continuously learn’ OpenAI has claimed to have taken a “significant step” towards artificial general intelligence (AGI) with the launch of its latest upgrade to ChatGPT, but has admitted there are still “many things” missing in its quest to create a…