EV investment grows, yet demand is still low

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EV investment continues to ramp up, from government subsidies to the production of charging stations across the country. Yet the demand for electric vehicles...

EV investment continues to ramp up, from government subsidies to the production of charging stations across the country. Yet the demand for electric vehicles remains low. One of the reasons for this seems to be affordability, considering inflation and higher interest rates, buying an EV is a costly affair. Recently, EV giant Tesla -- Bank of Nova Scotia is partnering with Sun Life Financial Inc.

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AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod.ai as part of an effort to bolster its software capabilities. In its race to catch rival chipmaker Nvidia, Advanced Micro Devices plans to invest heavily in the critical software necessary for the company's advanced AI chips. Through more than a decade of work, Nvidia has built a powerful advantage in the AI chip market through the software it makes, and the software developer ecosystem.

 

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