Tesla's blistering rally continues after quarterly deliveries beat

Tesla's stock rose 6% after it delivered better-than-expected quarterly results, showing that CEO Elon Musk's strategy of increasing volumes through discounts was effective. The company's market capitalization is set to increase by $50 billion to $900 billion. Tesla delivered 466,140 vehicles in Q2, up 10% from the previous quarter. Several analysts raised their price targets on the stock, stating that Tesla's annual deliveries target of 1.8 million vehicles seems conservative. However, there are concerns that the aggressive discounting strategy may impact margins. Despite this, analysts believe Tesla could continue to gain market share globally.

from Tech-Economic Times https://ift.tt/YqMFBX2

Uncensored chatbots provoke a fracas over free speech

Several uncensored and loosely moderated chatbots have sprung to life in recent months under names such as GPT4All and FreedomGPT. Many were created for little or no money by independent programmers or teams of volunteers, who successfully replicated the methods first described by AI researchers. Only a few groups made their models from the ground up.

from Tech-Economic Times https://ift.tt/cxnqeiP

Fashion accessory startup Zouk keen on more offline stores charts out FY24 growth blueprint

The brand, founded by IIM Ahmedabad batchmates and husband-wife duo Disha Singh and Pradeep Krishnakumar, had raised $3 million in fresh capital earlier this year, in a funding round led by Stellaris Venture Partners and participation from Sharrp Ventures, JJ Family Office, Deutsche Bank India CEO Dilip Khandelwal, Manoj Meena of Atomberg and Vineeta Singh, Kaushik Mukherjee of Sugar Cosmetics.

from Tech-Economic Times https://ift.tt/e2Bl5VA

Over 2 lakh WordPress websites vulnerable to hacking due to plugin bug: report

According to WordPress security firm WPScan, the bug is present in the Ultimate Member plugin, which is a free user profile WordPress plugin that makes it easy to create online communities and membership sites with WordPress.

from Tech-Economic Times https://ift.tt/CGsVz9H

Twitter rival Jack Dorsey-backed Bluesky disables new sign-ups

In an update, the platform said: "We are still working to accommodate the large influx of users and increase in traffic." On Sunday, the platform posted: "Sign ups are currently disabled as is the 'Popular with Friends' feed.

from Tech-Economic Times https://ift.tt/LSroN48

Dublin airport staff's pay and benefits compromised in cyberattack: report

DAA can confirm that as a result of a recent cyberattack on Aon, a third-party provider, data relating to some employees' pay and benefits was compromised, the report quoted DAA's spokesperson as saying.

from Tech-Economic Times https://ift.tt/lHX5mp6

Elon Musk announces new set of limitations on daily number of tweets users can read

from Tech-Economic Times https://ift.tt/exWJ9nV