Ford CEO Jim Farley projects a notable decline in electric vehicle demand, anticipating U.S. market share to plummet from 10-12% to just 5% in the coming month. This drop is especially concerning as it follows the expiration of certain federal tax credits that have previously supported EV sales. Meanwhile, the tech sector continues to experience brisk investment in AI infrastructure, with Citigroup forecasting over $2.8 trillion in spending through 2029, despite a cooling economic environment.
“Ford CEO Jim Farley · expects · EV demand · to slide”
“U.S. market share for EVs · is expected to fall · from 10-12% to 5% · next month”
“Cerebras · raised · in a funding round · $1.1 billion”
“Cerebras valuation · is estimated at · $8.1 billion”
“Citigroup · forecasts · spending on AI infrastructure · more than $2.8 trillion through 2029”
“Hyperscalers · are expected to spend · on AI CapEx · $490 billion by the end of 2026”
“Microsoft, Amazon, and Meta · have already spent · billions of dollars · to expand capacity”
“Microsoft engagement · involves · customer with limited experience in scaling accelerator ASICs”
“C3.ai · had · revenues · declined year over year by 19% to $70.3 million”
“C3.ai · was involved with · large-scale customer engagements · about 60”
“C3.ai · has · new Strategic Integrator Program · designed to extend its platform into the hands of systems integrators and OEMs”
“C3.ai · faces · competition in the generative AI space · substantial competition”
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