The co-founder and CEO of Pony.ai, one of the world’s leading autonomous vehicle technology companies, refused to be drawn on whether he thinks Tesla will launch its robotaxi service this year. “Tesla is big in scale, but we haven’t seen their large-scale testing yet,” James Peng said during CONVERGE LIVE. Tesla CEO Elon Musk has…
I expected to meet a dreaded “man-eater,” but when I saw it, I realized that it was a defenseless animal, more afraid of me than I was of it. That moment aroused my curiosity, and I decided to learn more about sharks. I travelled to the island of Guadalupe off the Pacific coast of Mexico…
The arrested captain of the Solong, a container ship that crashed into another vessel in the North Sea, is a Russian national, its management company has confirmed. The 59-year-old was arrested on suspicion of gross negligence manslaughter on Tuesday after Monday’s fiery collision about 12 miles off the East Yorkshire coast, which left one man…
Workers walk in the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai, India, on Tuesday, Dec. 20, 2022. Bloomberg | Bloomberg | Getty Images Entrepreneurs or startup founders wanting to get rich — and become billionaires — should list on India’s National Stock Exchange, the bourse’s CEO Ashish Kumar Chauhan…
QS World University Rankings has placed MIT in the No. 1 spot in 11 subject areas for 2025, the organization announced today. The Institute received a No. 1 ranking in the following QS subject areas: Chemical Engineering; Civil and Structural Engineering; Computer Science and Information Systems; Data Science and Artificial Intelligence; Electrical and Electronic Engineering;…
Zara owner Inditex on Wednesday posted a year-on-year rise in fourth-quarter sales that met expectations, even as the retailer pointed to a slowdown in demand at the start of the year. The Spanish retailer reported revenues of 11.21 billion euros [$12.2 billion] in the three-month period, matching the 11.2 billion euros forecast by LSEG analysts and…
Greenland has voted for a complete overhaul of the its government in a shock result in which the centre-right Democrat party more than tripled its seats after a dramatic election campaign fought against the backdrop of Donald Trump’s threats to acquire the Arctic island. Tuesday’s election, in which the Democrats replaced Inuit Ataqatigiit (IA), the…
The chances that the U.S. will experience a recession in 2025 have increased because of the tariffs it has implemented, Alec Kersman, managing director and head of Asia-Pacific at Pimco, said at CNBC’s CONVERGE LIVE event in Singapore on Wednesday. There is a “maybe 35% probability” that the U.S. will enter a recession this year, Kersman told…
China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric. “I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at…
Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters The European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures…
