Archives 2023

Elon Musk-led Tesla Zeroes in on Everyday Buyers After Winning Over Electric Vehicle Lovers
Elon Musk-led Tesla Zeroes in on Everyday Buyers After Winning Over Electric Vehicle Lovers

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Tesla Inc. is expected to say on Tuesday it had another record delivery year in 2023, in large part due to die-hard Elon Musk fans and tech-savvy early adopters. Now the company is working to widen its appeal. The Austin-based electric vehicle (EV) maker is estimated to have handed over almost 483,200 vehicles in the fourth quarter, according to analysts surveyed by Bloomberg. That means Tesla probably exceeded its goal to deliver 1.8 million cars last year, an all-time high for the company but just a fraction of what Toyota Motor Corp. or General Motors Co. normally sell.

For its next phase of growth, Tesla has to win over everyday buyers, who primarily select vehicles based on price and ease of use. “When you look at car buying in general, we’re trying get to the next set of EV adopters,” Chief Financial Officer Vaibhav Taneja said during an investor call in October.

The Musk-led company faces a number of hurdles to reach that crowd: Inflation and high interest rates have made consumers more cautious about big purchases. Additionally, plenty of buyers still wonder about safety, and if there are enough charging stations. Those who do decide to make the switch from gasoline-powered cars also have an ever-expanding pool of EVs to pick from, besides Tesla.

In another challenge, on Jan. 1, some of Tesla’s models are expected to lose the full, $7,500 federal EV tax credit thanks to stricter battery-component sourcing rules from China. The company’s website says some versions of the Model 3 will be affected.

Tesla took some steps to break into the mass market in 2023. It slashed prices across its lineup, sacrificing profit margins for volumes. The markdowns were especially pronounced in China, the market where Musk has said it’s most difficult to compete.

However, the EV maker will likely still be surpassed by China’s BYD Co., which has a much fresher lineup. Tesla’s newest vehicle, the futuristic-looking Cybertruck still hasn’t reached volume production and is at least a year away from profitability, Musk said in October. The carmaker probably handed over between 200 and 5,000 Cybertrucks in the quarter, analysts estimated.

Tesla has yet to give guidance for how many vehicles it expects to deliver in 2024. The two models that have accounted for about 97% of the company’s deliveries this year — the Model 3 sedan and Model Y sport utility vehicle — first launched in 2017 and 2020.

“We struggle to understand how underlying demand is likely to materially improve with an increasingly aged product lineup, and no incremental reduction in price, amid increasing competition in the EV space,” Toni Sacconaghi, a Bernstein analyst who has the equivalent of a sell rating on Tesla shares, wrote in a research note to clients this week. “Equally importantly, we don’t see the situation improving in 2025.”

Tesla does have a few levers to pull to boost sales going forward. It revamped its Model 3 sedan this year, giving it a sleeker look and longer range. It first offered the vehicle in China before selling it in Europe, and the new Model 3 is expected to reach the US in 2024, though Tesla hasn’t confirmed timing. Additionally, the company is said to be planning to roll out a new version of the Model Y from its Shanghai plant.

Tesla is also expanding its marketing efforts. Tesla has built a formidable brand without paying for traditional advertising, but it’s recently begun experimenting with Google ads. One that’s out now touts the ability to lease a Model Y for $399 a month.

Owuraka Koney, a managing director at Jennison Associates, which holds a stake in Tesla, said he believes the EV maker is doing a lot to reach the next wave of potential customers. 

The Cybertruck is drawing curious buyers to Tesla showrooms. Additionally, he said Tesla executives besides Musk, such as design chief Franz von Holzhausen and Lars Moravy, vice president of vehicle engineering, are speaking out more on behalf of the company to market Tesla’s products.

“If you look at global EV sales, BYD and Tesla are still the main players driving the volume,” Koney said. “Going forward, Tesla will continue to be well-positioned.”

 

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Copilot for Android app
Microsoft launches Copilot for iPhones and iPads right after Android

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That didn’t take long: just days after launching a dedicated Copilot app for Android, Microsoft has restored balance to the universe again by making the same app available for those users who prefer iPhones and iPads.

As initially spotted by The Verge, the Copilot app for iOS and iPadOS seems to be an exact replica of the Android one, and is also free to use. The same rules apply: you can use it in a limited fashion without logging in, but signing into a Microsoft account gives you more prompts and more features (like image generation capabilities).

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The Moosoo air fryer with its tray open revealing a cooked chicken.
This air fryer is ridiculously cheap in Walmart’s after-Christmas sales

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If you’re on a budget and can’t pick up our favorite Ninja kitchen appliance deals from this year’s post-Christmas sales then this air fryer could be the bargain you’re after.

Right now this Moosoo 2-qt air fryer is just $37.99 at Walmart. That’s ridiculously cheap even for an air fryer from a lesser-known brand. Reviews on the store page are generally positive too though at just 2-quarts it’s fairly small, and its cooking capabilities don’t come close to rivaling those of the best air fryers.

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Best cheap phone deals hero image
Ready to upgrade? Five of the best cheap phones are still on sale at Amazon

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Smartphone prices have fluctuated dramatically over the past few months, but if you’re looking to replace your current device with an affordable, 2024-ready model, you can still find record-low prices on five of the best cheap phones: specifically, the Samsung Galaxy A54 5G, iPhone 13, Google Pixel 7a, OnePlus 10T and OnePlus Nord N30 5G.

The caveat, however, is that some of these phones are only on sale in the US, while others are only on sale in the UK. That said, we’ve picked out multiple deals for both regions below, so you shouldn’t have a problem finding a model that suits your needs (and, more importantly, your budget).

Today’s best cheap phone deals in the US 

Today’s best cheap phone deals in the UK

More after-Christmas sales in the US

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iPhone 14 satellite test
The Samsung Galaxy S24 might again miss out on a key iPhone feature

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If the rumors are right, we’re just a few weeks away from the official unveiling of the Samsung Galaxy S24 range – and in the meantime, unofficial leaks continue to give us some idea of what to expect from these flagship phones.

According to ETNews (via SamMobile), the Galaxy S24 phones won’t be coming with satellite connectivity for emergency messaging, a feature that Apple added to the iPhones with the launch of the iPhone 14 series last year.

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An Nvidia GeForce RTX 4070 Ti graphics card on a wooden table with its retail packaging
Nvidia in 2023: year in review

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Nvidia had an interesting year to put it mildly. In more recent times, we’ve had a strange kind of love-hate relationship with Team Green, mainly because it makes great graphics cards, but then tends to also make massive dents in our bank balance if we want to, you know, actually buy them.

The pricing of Nvidia’s Lovelace GPUs was sky-high for the high-end models released last year, but what about this year? How did the company fare when more affordable RTX 4000 graphics cards were launched? Let’s dig into this, and also where Team Green made its big bucks – spoiler alert, not from you or me, or other gamers – as we evaluate Nvidia’s 2023.

NVIDIA GeForce RTX 40 Series laptops

(Image credit: NVIDIA)

Nvidia kicks off with big guns for laptops and the RTX 4070 Ti

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5 things about AI you may have missed today: LG AI agent, IBM AI chief on jobs, more
5 things about AI you may have missed today: LG AI agent, IBM AI chief on jobs, more

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Today is the second last day of the year, and many are already on their end-of-the-year vacation. But pay attention, because some really interesting developments are taking place in the world of artificial intelligence. Ahead of the Consumer Electronics Show (CES 2024), LG has revealed that it will be unveiling its AI agent — a smart home hub, a robot, and a house and pet monitoring system. In other news, the global managing partner in generative AI at IBM, Matt Candy, has advised professionals that those who are capable of working with AI using language and creative thinking will have their jobs secured in this field. This and more in today’s AI roundup. Let us take a closer look.

LG to unveil AI agent at CES 2024

In a press release, LG revealed that it will unveil its smart home AI agent at CES 2024. G’s smart home AI agent boasts robotic, AI, and multi-modal technologies that enable it to move, learn, comprehend, and engage in complex conversations. With its ‘two-legged’ wheel design, LG’s smart home AI agent is able to navigate the home independently. The intelligent device can verbally interact with users and express emotions through movements made possible by its articulated leg joints. Moreover, the use of multi-modal AI technology, which combines voice and image recognition along with natural language processing, enables the smart home AI agent to understand context and intentions as well as actively communicate with users, claimed the company.

IBM AI chief has a piece of advice for professionals

According to Matt Candy, IBM’s global managing partner in generative AI, future jobs will require individuals with skills in working with AI, emphasizing language and creative thinking cultivated through liberal arts degrees. He believes as companies globally intensify their focus on AI in response to automation trends, the sought-after skills for these positions may not necessarily revolve around coding or technical hardware knowledge. Instead, proficiency in understanding language and its application could become crucial for well-paying AI-related jobs.

“Rather than us having to learn to talk the language of technology and programming computers, effectively they’re learning to talk our language,” Candy told Fortune.

Michael Cohen admits to sending his lawyers fake AI citations

Michael Cohen, who served as an attorney for former US President Donald Trump, admitted to accidentally submitting fabricated AI-generated citations in a court filing, reported NBC News. He mistakenly believed that the AI bot Google Bard was an advanced search engine, using it to research legal cases to support ending his supervised release. The AI-generated cases were non-existent, revealing Cohen’s error. Cohen, previously sentenced for various crimes including making secret payments and lying to Congress, now acknowledges the unintentional use of fictitious information in his legal filings.

In court filings, Cohen said that he had “not kept up with emerging trends (and related risks) in legal technology and did not realize that Google Bard was a generative text service that, like Chat-GPT, could show citations and descriptions that looked real but actually were not”.

AI makes a big revelation about Raphael’s masterpiece, the Madonna della Rosa

Researchers from the UK and the US have found that not all of Madonna della Rosa, a masterpiece by Raphael, was painted by him and AI has played a massive role in uncovering this mystery, according to a report by Science Alert.

“Using deep feature analysis, we used pictures of authenticated Raphael paintings to train the computer to recognize his style to a very detailed degree, from the brushstrokes, the color palette, the shading and every aspect of the work,” said Hassan Ugail, mathematician and computer scientist at the University of Bradford.

The AI revealed that the face of St Joseph in the famous painting was not Raphael’s work but Giulio Romano, one of his pupils.

With a boost from AI, Nvidia, and AMD witness the best year since 2009

Semiconductor stocks had their most successful year in over a decade, marked by a 65 percent rise in the Philadelphia Stock Exchange Semiconductor Index, with 2023 being its best-performing year since 2009, reported Bloomberg. The surge was driven by chipmakers at the forefront of AI applications. Notably, Nvidia experienced explosive sales growth, with its shares more than tripling and becoming the first chipmaker to surpass a $1 trillion market capitalization. Advanced Micro Devices (AMD), another key player in AI, ranked second in the index with a nearly 130 percent increase in its stock value for the year. The strong performance reflects the growing importance of semiconductor companies in the AI-driven technology landscape.

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AirTag deal hero image
Own an iPhone? Amazon’s excellent Apple AirTag deals are still live (and selling fast!)

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I’ve drawn attention to Amazon’s excellent Apple AirTag deals a couple of times already this sales season, but given the unpredictability of the retailer’s 2024 prices, I think it’s worth highlighting them once more before the year is out.

Right now, you can pick up a four-pack of Apple AirTags for just $78.99 (down from $99) in the US, or £95 (down from £119) in the UK. The single-pack AirTag remains on sale, too, at just $23.99 (down from $29) in the US, or £29 (down from £35) in the UK. All four prices represent Black Friday-equaling offers, so you needn’t worry about having missed out on this year’s biggest AirTag savings by picking up one of Apple’s pocket-sized object trackers today.

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Marshall Middleton deal hero image
Boom! My favorite Marshall wireless speaker just hit a record-low price

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Here at TechRadar, we’re not afraid to disagree with our colleagues. In our review of the Marshall Middleton wireless speaker, we marked the product down for being a “jack of all trades, master of none” – but for me, that’s what makes the Middleton so great.

This Bluetooth behemoth isn’t as cheap as, say, the Sonos Roam, nor does it offer the ultra-premium audio performance of the Orange Box, but it does everything – and I mean everything – well enough to warrant a seat at the best Bluetooth speaker table.

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Vijay Sales announces Apple Days sale: Deals and discounts available on iPhone, MacBooks and more
Vijay Sales announces Apple Days sale: Deals and discounts available on iPhone, MacBooks and more

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If you have been waiting to purchase an Apple device, then this may be the right time to do so. Retailer Vijay Sales has announced its Apple Days sale. The sale, which starts from 31 December, 2023 offers a series of deals and discounts on Apple products.
Along with the discount, the company is also offering an instant discount of up to Rs 5000 on HDFC bank card.Additionally, at physical stores of Vijay Sales, one can benefit with an exchange bonus extending up to Rs 10,000.
During the Apple Days sale period, for the iPhone 15 Pro and iPhone 15 Pro Max models, Vijay Sales is offering a higher storage variant at almost the price of the lower storage variant. The pricing will be as follows

Previous Price Apple Days Price Instant Discount (HDFC Credit & Debit Cards) Bank Effective Offer Price Loyalty Points Earnings
iPhone 15 Pro 1TB 184,900 162,990 3,000 159,990 1222
iPhone 15 Pro 512GB 164,900 151,900 3,000 148,900 1139
iPhone 15 Pro 256GB 144,900 135,240 3,000 132,240 1014
iPhone 15 Pro 128GB 134,900 125,900 3,000 122,900 944
iPhone 15 Pro Max 1TB 199,900 172,990 3,000 66,990 1297
iPhone 15 Pro Max 512GB 179,900 164,900 3,000 75,820 1237
iPhone 15 Pro Max 256GB 159,900 149,240 3,000 66,990 1119

“Apple devices deserve the best protection, and Vijay Sales has got you covered. Elevate your ownership experience by adding Protect+ to your purchase. And here’s the cherry on top – Vijay Sales offers up to a delightful 15% discount on Protect+, ensuring your newly acquired devices stay safe and secure. Another advantage of shopping with Vijay Sales is the MyVS loyalty program, which rewards buyers with 0.75% loyalty points on shopping at their stores and eCommerce website. Every point earned is worth a rupee at the time of redemption at stores,” said the company.

Base variant of the model Apple Days Starting Price Instant Discount (HDFC Credit & Debit Cards) Effective Offer Price Loyalty Points Earning on base variant
iPhone 15 70,990 4,000 66,990 532
iPhone 15 Plus 79,820 4,000 75,820 599
iPhone 15 Pro 125,900 3,000 122,900 944
iPhone 15 Pro Max 149,240 3,000 146,240 1119
iPhone 13 51,820 1,000 50,820 389
iPad 9th Gen 29,900 2,000 27,900 224
iPad 10th Gen 36,430 3,000 33,430 273
iPad Air 5th Gen 54,680 4,000 50,680 410
iPad Pro 83,900 4,000 79,900 629
MacBook Air with M1 Chip 79,900 5,000 74,900 599
MacBook Air with M2 Chip 101,960 5,000 96,960 765
MacBook Pro with M2 Chip 115,270 5,000 110,270 865
MacBook Pro with M3 Chip 152,910 5,000 147,910 1147
MacBook Pro with M3 Pro Chip 179,910 5,000 174,910 1349
MacBook Pro with M3 Max Chip 287,910 5,000 282,910 2159
Apple Watch Series 9 38,810 2,500 36,310 291
Apple Watch Series 8 33,620 1,000 32,620 252
Apple Watch Series SE (2nd Gen) 27,690 2,000 25,690 208
AirPods Pro (2nd Generation) 20,990 2,000 18,990 157



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