Juby Babu

2 weeks ago | businesslive.co.za | Juby Babu

Mexico City — Milan Kovac, head of Tesla’s Optimus humanoid robot programme, announced his plans to step down in a post on X on Friday. Kovac became the lead of the programme in 2022 when he was appointed director of Optimus and Autopilot Engineering, and he took on the role of vice-president in September last year. “I’ve been far away from home for too long, and will need to spend more time with family abroad.

3 weeks ago | businesslive.co.za | Juby Babu

Elon Musk’s xAI is seeking a valuation of $113bn in a share sale worth $300m, the Financial Times reported on Monday, citing people close to the situation. The deal would allow employees to sell shares to investors and a larger investment round is expected to follow the secondary stock offer, in which xAI will offer new equity to outside investors, the FT report said. The artificial intelligence (AI) start-up acquired X, Musk’s social media business, in March.

1 month ago | whbl.com | Juby Babu

By Juby Babu(Reuters) -HP Inc cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile, sending its shares down 14% in extended trading. The uncertainty surrounding U.S. tariffs and associated inflationary pressures will negatively impact demand for personal computers in the following quarters in 2025, research firm IDC said last month.

1 month ago | kfgo.com | Juby Babu

By Juby Babu(Reuters) -HP Inc cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile, sending its shares down 14% in extended trading. The uncertainty surrounding U.S. tariffs and associated inflationary pressures will negatively impact demand for personal computers in the following quarters in 2025, research firm IDC said last month.

1 month ago | businesslive.co.za | Juby Babu

US President Donald Trump’s administration has ordered US firms that offer software used to design semiconductors to stop selling their services to Chinese groups, the Financial Times reported on Wednesday, citing several people familiar with the move. Electronic Design Automation groups, which include Cadence, Synopsys and Siemens EDA, were told by the commerce department to stop supplying their tech, the report added. Shares of Cadence were down 10% and Synopsys fell 11% after the report.