Meta Sees a Future Where AI Fills You Social Needs
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Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Riley Griffin reports from the Meta antitrust trial about the company's views of its rivals and the future of social networks.
Tencent earnings: Chinese gaming company Tencent said revenue in the March quarter grew 13%, the fastest pace since 2021.
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New York Times
6 minutes ago
- New York Times
China Walks a Line in U.S. Trade Talks, Trying Not to Overplay Its Hand
In its high-stakes trade talks with the United States, China has been trying to strike a balance in how it wields its market clout. It controls the world's supply of rare earth metals and magnets. And it has withheld supplies of the materials — crucial ingredients in everything from cars to fighter jets — as leverage. At the same time, Beijing knows it must not overplay its hand by pushing Washington so hard that the United States feels compelled to make the long-term investments needed to break its dependence on China. This delicate dynamic was underlined in an apparent compromise the countries reached on Tuesday in London. Commerce Secretary Howard Lutnick said China's negotiators had agreed to resume sending rare earths to American companies. The Chinese government did not confirm this. But on Wednesday afternoon, the JL Mag Rare-Earth Company, a leading magnet producer in Ganzhou, China, said in a public disclosure that it had been issued licenses by China's Ministry of Commerce for sales of nonmilitary magnet exports to the United States, Europe and Southeast Asia. China has a long history of using government policy to control markets, periodically flooding countries with very low-priced Chinese supplies. That has driven many of China's overseas rare earth competitors out of business. Want all of The Times? Subscribe.
Motor 1
7 minutes ago
- Motor 1
Watch Xiaomi Set Production EV Record at The Nurburgring
Chinese tech giant Xiaomi, primarily known for its smartphones, is branching out by making cars. The SU7 is the company's inaugural model and has already spawned a high-performance Ultra version. Last October, a prototype lapped the Nürburgring in an astonishing 6 minutes and 46.8 seconds . At that point, Xiaomi promised it would return to the Green Hell and repeat the hot lap with a production-ready car. Predictably, the SU7 Ultra that customers can purchase in China was unable to match the performance of the stripped-down prototype. Nevertheless, a lap time of 7 minutes and 4.95 seconds is a remarkable achievement. It makes Xiaomi's electric super sedan faster than the Porsche Taycan Turbo GT, which lapped the challenging German track in 7 minutes and 7.55 seconds . The Xiaomi SU7 Ultra is also a tad faster than the Rimac Nevera, effectively dethroning the Croatian electric hypercar from the production EV leaderboard. The exotic two-door EV completed the lap in 7 minutes and 5.29 seconds . To clarify, all times mentioned refer to the longer configuration of the Nürburgring, which spans 12.9 miles (20.8 kilometers). The Mercedes-AMG One's record for the fastest production vehicle isn't in any danger for now. The F1-engined hypercar completed the lap in 6 minutes and 29 seconds last year. As for the outright record, it belongs to the track-only Porsche 919 Hybrid Evo, with a blistering lap time of 5 minutes and 19.55 seconds. It's hard to imagine a street-legal car will ever get close to that. Onboard footage shared by Xiaomi shows the SU7 Ultra reaching a GPS-verified speed of 215 mph (346 km/h). That makes the SU7 Ultra the fastest production sedan ever, whether gas or electric. The title previously belonged to the Maserati Ghibli 334 Ultima , with a top speed of 208 mph (334 km/h). The defunct Italian luxury sedan was only 1 mph faster than the Bentley Flying Spur W-12 and 2 mph faster than the Lucid Air Sapphire. Photo by: Xiaomi Photo by: Xiaomi Xiaomi mentions that the car can go even faster. With enough road ahead, it can exceed 217 mph (350 km/h). It's worth noting that the SU7 Ultra that tackled the Nürburgring wasn't completely standard. Xiaomi fitted the optional track package available to customers, so it doesn't disqualify the car from being considered a production model. As a refresher, the tri-motor EV has a combined output of 1,527 hp and can hit 62 mph (100 km/h) in 1.98 seconds. At 201.3 inches long, it's bigger than a Taycan and even heavier, at 5,203 pounds (2,360 kilograms). It went on sale in China at the end of February with a base price of just 529,900 yuan (nearly $74,000). Source: Xiaomi Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
10 minutes ago
- Yahoo
Nvidia Teams Up With Startup Mistral as Part of European AI Push
(Bloomberg) -- Nvidia Corp. announced a raft of projects aimed at bolstering artificial-intelligence infrastructure across Europe, including an expanded partnership with French startup Mistral AI. Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems Chief Executive Officer Jensen Huang made the announcements during a joint Nvidia-VivaTech event in Paris, part of a globe-trotting campaign to promote the adoption of AI and his company's products. A data center buildout is needed in Europe to help countries there catch up in deploying the technology, he said. The chipmaker is trying to expand the market for AI accelerators — the processors used to develop and run artificial intelligence models. Nvidia is pushing for countries to deploy technology on a national level and trying to make it easier for individual companies to get the benefits from AI. In France, Nvidia will team up with Mistral to use local AI computing to run the startup's services. An offering called Mistral Compute will tap 18,000 new Grace Blackwell chips from Nvidia. It will be developed in Mistral's data center in Essonne, France, and the company plans to roll it out to other locations in Europe. In the UK, AI firms Nebius Group and Nscale Global Holdings Ltd. will use 'thousands' of such semiconductors for their own platforms. Other countries, including Italy and Armenia, also are installing new hardware, Nvidia said. In Europe, Nvidia is working with 1.5 million developers and 9,600 businesses, as well as 7,000 startups in what the company calls its inception program. 'The only thing that's missing is infrastructure,' Dion Harris, Nvidia's director of data center and high-performance computing, said in a briefing ahead of the presentations. Nvidia is working with cloud and telecommunications companies across Europe, he said. Europe has lagged behind the US in developing the infrastructure for AI and hasn't matched the spending promised in other regions. Huang said at an event in London on Monday with UK Prime Minister Keir Starmer that a lack of infrastructure was holding back growth in a country that otherwise had the expertise and startups to be a global competitor in AI. Huang said at the GTC-VivaTech event that more than 20 so-called AI factories are being planned and built across Europe in the next two years, with 'several' of them being 'gigafactories.' The larger facilities will be home to over 100,000 chips. It calculates that AI hardware capacity in Europe will grow by three times next year. 'We will increase the amount of AI computing capacity in Europe by a factor of 10,' he said. Santa Clara, California-based Nvidia has transformed its fortunes over the last three years and now gets almost as much revenue per quarter as Intel Corp., its longtime nemesis, gets in a year. Much of that money come from AI accelerator chips, which are used by a cadre of giant companies to develop AI software and services. That group, which includes Microsoft Corp. and Meta Platforms Inc., provides about half of Nvidia's total sales. The chipmaker is looking to reach a wider market by promoting the use of smaller-scale systems by companies and countries. Adding to a previous announcement, Nvidia said Inc.'s AWS, Mistral and others are joining the chipmaker's Lepton service, which helps connect AI developers with the computing hardware they need. Nvidia said that European countries need help to get AI models deployed that are based on local languages and data. It's providing software and services that will accelerate those efforts. Separately, Nvidia said that vehicles using its chips and software are starting to appear on the road — the result of years of work. Mercedes-Benz Group AG's CLA models and forthcoming vehicles from Volvo and Jaguar will rely on its Drive platform. --With assistance from Rachel Metz. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
