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Technology News

  • CoreWeave Faces Earnings Pressure Amid AI Spending Boom
    November 10, 2025, 8:46 AM EST. CoreWeave's quarterly results come amid a broader AI-spending unwind. The cloud-computing provider is expected to post about $1.3 billion in revenue for the quarter, more than doubling year over year, but with an adjusted loss per share of 36 cents and an operating margin around 14.3%, down from over 21% a year ago, underscoring rising capital expenditures and tighter margins as AI infrastructure investment grows. The story centers on heavy spend by major clients like Meta, Microsoft, and Alphabet, and the circularity of AI deals that keeps CoreWeave reliant on a few large customers. Analysts warn the company may incur more capex next year; investors will scrutinize backlog growth and how it translates to revenue amid ongoing demand from hyperscalers.
  • Tesla launches car rental program in the US to move inventory as EV demand fades after tax-credit changes
    November 10, 2025, 8:44 AM EST. Tesla is piloting a US car rental program at select stores to clear excess inventory as demand for EVs fades after the federal tax credit ended. The minimum rental is three days, up to seven, starting at $60 per day, with pricing by model. Rentals include free Supercharging and Full Self-Driving (Supervised), and buyers who place an order within a week can receive a $250 credit toward their purchase. The rollout starts in Southern California and could expand before year's end. While Hertz has bought and later sold Tesla fleets amid weak resale values and price cuts, the move isn't a fix for the broader demand slump but a way to showcase ownership and move stock.
  • The CFO's Ultimate AI Survival Guide: A Four-Step Playbook for Finance
    November 10, 2025, 8:42 AM EST. Discover a practical four-step playbook for embedding AI in finance. Start small with a high-impact use case like automating accounts payable to demonstrate value and build momentum. Upskill your team with data analytics, data visualization, and AI literacy to shift roles from data entry to strategic analysis. Choose the right technology by mapping needs to budget and goals, avoiding overpaying for features you don't need. Establish a robust data governance framework to ensure clean, accurate, and accessible data, the foundation for reliable AI outcomes. This approach keeps adoption gradual, measurable, and aligned with business outcomes.
  • Blue Origin postpones New Glenn NG-2 launch as weather and FAA rules complicate ESCAPADE Mars mission
    November 10, 2025, 8:38 AM EST. Blue Origin has postponed its New Glenn NG-2 launch carrying NASA's twin ESCAPADE probes due to unfavourable weather at Cape Canaveral's Launch Complex 36. The delay comes as new FAA restrictions tied to the ongoing government shutdown further complicate planning. The 88-minute launch window was thwarted by heavy clouds, rain, and thunderstorms triggered by the cumulus-cloud rule. Next attempt is targeted for Wednesday, 12 November 2025, with a window from 2:50 PM to 4:17 PM EST (19:50-21:17 UTC); Space.com will provide live coverage. The postponement underscores the tight coupling between technical readiness, regulatory oversight, and environmental conditions in modern spaceflight, as Blue Origin tests reusable heavy-lift capabilities while NASA pursues Mars exploration via the ESCAPADE mission.
  • Tesla's China sales fall to 3-year low amid tepid demand
    November 10, 2025, 8:36 AM EST. Tesla's China sales fell to 26,006 vehicles in October, the lowest in three years, as tepid demand weighs on the EV maker in the world's largest auto market. The drop is 35.8% year-on-year, after September's deliveries of 71,525 when the Model Y L began deliveries in China. Exports of China-made vehicles rose to 35,491 units, a two-year high. Tesla's share of China's EV market slid to 3.2% from 8.7% the prior month. The company faces mounting pressure in China, its second-largest market, while rivals such as Xiaomi push with the SU7 sedan and YU SUV. China's overall car sales weakened as subsidies and tax breaks eased.