Chinese electric vehicle company Nio said it’s halting production and will delay deliveries as many of its suppliers have been forced to shut down due to China’s strict Covid lockdowns. The move illustrates the mounting costs of China’s zero Covid policy, which has forced millions in cities including Shanghai to be locked into their apartments, or even places of work. The implications could...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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