Latest Business News

  Tesla Releases Latest Full Self-Driving Beta and Begins Wider Roll-Out Tesla has released the latest version of its Full Self-Driving (FSD) Beta software, version 11.3.2, and has started a wider roll-out to more Tesla owners. The FSD Beta is designed to allow Tesla vehicles to drive themselves without any human intervention, although Tesla still advises drivers to keep their hands on the wheel at all times. This latest update includes several improvements to the FSD Beta, including better object recognition and improved response to traffic lights and stop signs. It also includes a new “auto lane change” feature, which allows the vehicle to change lanes automatically on the highway. Tesla has been gradually rolling out the FSD Beta to more and more Tesla owners over the past few months. The company is using a “safety score” system to determine which Tesla owners will receive the FSD Beta first. The safety score is based on several factors, including how often the driver engages wi...

  UBS nears takeover of Credit Suisse in mammoth deal to ease investor fears Swiss bank UBS is reportedly racing against time to complete a takeover of rival Credit Suisse to stave off investor panic when the markets open on Monday. The country’s biggest banks are said to be in urgent talks, with the government, central bank, and financial regulators all involved. Switzerland’s authorities are urging UBS to push through the deal and avoid potential damage to the markets. The Swiss government, President Alain Berset, and the banks’ executives have been seen heading to the finance ministry in Bern for talks over the weekend. A deal of this scale could take several months, but UBS reportedly had a few days to get it done. Under normal Swiss rules, UBS would have to consult shareholders over six weeks, but it can skip this process using emergency measures. Public guarantees would also be required to cover legal costs and possible losses. Credit Suisse, the Swiss financial watchdog FINM...

  The Rise of Answer Engine Optimization (AEO) and its Impact on the Future of SEO The use of search engine optimization (SEO) has been an important aspect of digital marketing for a long time. However, with the advancement of technology and changes in user behavior, another type of optimization has emerged called answer engine optimization (AEO). AEO focuses on optimizing content for  search queries formulat ed as questions. The aim is to appear as the featured snippet or answer box on search engine results pages (SERPs). The rise of virtual assistants and voice search has made AEO even more critical, as users are more likely to ask questions when using these tools. As someone who has taken a tech company to IPO on NASDAQ, I have seen many Fortune 500 companies spend millions of dollars on Google search results and strive to be at the top of the search page. As the competition between Google and Microsoft Bing escalates, companies will have to spend on both Search Engine resu...

  UBS Examines Takeover of Credit Suisse Amid Market Turmoil and Regulatory Pressure According to insiders, UBS AG was  exploring the  possibility of taking over Credit Suisse, which has been hit hard by recent market turmoil. The Swiss government may offer a guarantee to cover any risks associated with the deal. Credit Suisse, which is 167 years old, is the largest lender to be caught up in the market chaos triggered by the collapse of Silicon Valley Bank and Signature Bank in the US over the past week. To quell concerns of a broader banking crisis, UBS has been urged by Swiss regulators to consider taking over Credit Suisse. Under the plan being discussed, Credit Suisse’s Swiss business could be spun off. Credit Suisse’s  share price has fluctuated wildly this week, leading it to tap $54 billion in central bank funding. By Friday, the bank had lost 25% of its market value. Its vulnerability has caused at least four of its major rivals to restrict trades involving C...

  Elon Musk’s Cost-Cutting Measures at Twitter: Unpaid Bills, Lawsuits, and Short-Term Thinking Elon Musk’s Cost-Cutting Measures at Twitter: Unpaid Bills, Lawsuits, and Short-Term Thinking According to a report from the Financial Times on Friday, Elon Musk, the CEO of Tesla and SpaceX, has been repeatedly quoted as saying “let them sue” in relation to unpaid bills by Twitter’s vendors, which have reportedly accumulated since his $44 billion takeover of the company. In November, Musk established a “transition team” made up of trusted associates whose job was to reduce costs. However, according to the report, the team refused to compensate Twitter’s vendors, partners, and landlords to keep costs low. The FT quoted a former senior employee who was laid off in the most recent round of cuts as saying, “Elon would always say ‘Let them sue,’ it was a constant refrain. It’s all very short-term thinking.” The transition team is said to be led by Steve Davis, the CEO of Boring Company, who ...