TNB Tech Minute: GM Expects Smaller EV Losses
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 21 October 2025
⏱️ 3 minutes
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Transcript
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| 0:00.0 | As companies seek to close growing gaps in skills and talent, |
| 0:04.0 | Deloitte US CEO Jason Garzatus believes it's important for organizations to understand their baseline of skills. |
| 0:10.0 | There's so many organizations that can't ask and answer the fundamental questions about how much computer science or data management skills do I have or AI development skills in a given domain? |
| 0:25.4 | By performing a skills inventory, leaders can truly understand where their efforts should be focused. |
| 0:28.0 | Being blind to those gaps is the real miss. |
| 0:32.6 | Visit Deloitte.com to learn how your enterprise can help successfully cultivate talent. |
| 0:41.1 | Here's your morning TNB Tech Minute for Tuesday, October 21st. I'm Zoe Colkin for the Wall Street Journal. |
| 0:47.6 | Shares of General Motors jumped this morning after the company reported strong sales and issued new guidance, |
| 0:56.6 | that included smaller losses from electric vehicles in the future. The move comes after GM said last week it would book a $1.6 billion charge to recognize underused EV and battery factory equipment to compensate for low demand after the |
| 1:02.1 | federal EV subsidy expired. There was a time when GM planned to assemble more than three times |
| 1:07.6 | as many EVs this year as it's currently on track to make. While the automaker |
| 1:11.6 | sold a record number of EVs this quarter, it's coming to grips with its overinvestment in the |
| 1:15.9 | technology. Meanwhile, the world's largest EV battery maker, contemporary AmperX technology, reported a |
| 1:23.3 | 41% rise in third quarter profit, largely due to strong demand momentum. The Chinese battery |
| 1:29.6 | giant's net profit was the equivalent of around $2.6 billion, up from a year earlier, and |
| 1:35.2 | revenue rose 13%. The company is a key beneficiary of the EV sector's growth in China, |
| 1:41.3 | with its stock rising more than 40 percent so far this year. |
| 1:45.4 | And the huge demand for energy to power data centers will be a key focus for antitrust regulators |
| 1:50.7 | moving forward. That's according to a former top official at the U.S. Justice Department's |
| 1:55.3 | trust-busting division. With the rising popularity of using power-hungry AI tools in everyday life, |
| 2:01.1 | tech giants are pouring billions of dollars into data centers to cope with the unrelenting demand. |
| 2:06.1 | And they're turning to power purchase agreements with energy firms to reduce permitting and grid connection risks. |
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