The team working on the project were told the iphone giant was shifting its focus to ai. In fact, some of the people who worked on the car will be moved to apples Artificial Intelligence division thats according to bloomberg while those who cant find jobs elsewhere in the company, they face lay offs. Apple shares rose nearly 1 on the news. As one tech analyst put it, by abandoning its dream to transform the auto industry, it will increase pressure on apple to do something profound in the area of Generative Ai. Staying with tech, and people tend to associate Us Company Nvidia with chips and Artificial Intelligence but not necessarily with retail. Azita martin leads nvidias ai initiatives for the retail industry, including Generative Ai that can produce content like text, images or other data when prompted. Our north America Business correspondent erin delmore asked her about how ai is changing the Shopping Experience for customers, both in store and online. Ai enables you to really have
Lithium Miner’s German Smelter Plan Draws Billionaires
Bloomberg 1/12/2021 Eyk Henning and Christoph Rauwald
(Bloomberg) Rock Tech Lithium Inc. plans to raise $400 million to build a lithium refinery in Germany and has attracted support from billionaires including Peter Thiel investing in Europe’s push to create a local electric-vehicle battery industry.
The Canadian miner is in advanced talks with investors and sees the Brandenburg and Saxony-Anhalt regions as possible locations for the smelter, Chairman Dirk Harbecke said by phone.
Europe is expected to overtake China as the top EV market this year, spawning investment into the necessary infrastructure and local supply chains to reduce a dependence on Asian battery makers.
Thiel-Backed Developer of Covid-19 Therapy Surges in Debut
Bloomberg 12/11/2020 Kevin Orland
(Bloomberg) AbCellera Biologics Inc., which is developing an antibody treatment for Covid-19 with Eli Lilly & Co., nearly tripled in the first day of trading after its initial public offering.
Shares of the Vancouver-based company surged to $58.90 after being priced at $20 in the offering. The offering raised $483 million before commissions and expenses, making it the biggest Canadian pharmaceuticals IPO on record and the second-largest Canadian initial offering announced this year, according to data compiled by Bloomberg.
AbCellera is riding a wave of interest in companies whose products may be used to combat the pandemic. The firm is co-developing a monoclonal antibody treatment that U.S. regulators authorized last month as a therapy for people with mild-to-moderate Covid-19 symptoms.
Thiel-Backed Developer of Covid-19 Therapy Triples in Debut msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.