"The Austin, Texas-based company also revealed that it had agreed to invest $2bn in Musk's artificial intelligence start-up xAI the developer of Musk's controversial Grok chatbot as part of a push to lessen its reliance on the auto market. Together, the investment and the related framework agreement are intended to enhance Tesla's ability to develop and deploy AI products and services into the physical world at scale, the company said in its earnings report."
"Microsoft said profit rose 60 percent to $38.5bn in the final quarter, based on revenue of $81.3bn. We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises, Microsoft CEO Satya Nadella said in a statement. We are pushing the frontier across our entire AI stack to drive new value for our customers and partners."
Tesla reported a 3 percent year-on-year revenue decline to $24.9bn in Q4 2025 and full-year revenue of $94.8bn, down from $97.7bn. Net profit fell 61 percent to $840m in the quarter, leaving full-year profit at $3.8bn, down from $7.1bn in 2024. The company agreed to invest $2bn in AI start-up xAI, developer of the Grok chatbot, and established a framework to deploy AI products and services into the physical world to lessen reliance on auto sales. Tesla shares rose about 2.2 percent in after-hours trading. Meta and Microsoft reported strong quarterly profits, with AI driving growth.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]