Plus, an X outage that Elon Musk blames on a “massive cyberattack.” And iPhone assembler Foxconn develops a large-language model. Shara Tibken hosts.
Learn more about your ad choices. Visit megaphone.fm/adchoices
[00:00:00] You always are on the pulse of time and want to date? Then the Now Brief is the new Samsung Galaxy S25 Ultra right for you. Get on the way to work, then it will automatically get ready to go on. If it rains at the destination, then it is recommended to you, the raincoat with you. With the Galaxy S25 Ultra you can be one step ahead. Neugierig? Learn more on Samsung.de
[00:00:30] March 10th. I'm Shara Tipkin for The Wall Street Journal. Tech stocks led a drop in the stock market today. The Nasdaq closed down at 4% because of fears about a possible recession in the U.S. Tesla tumbled 15%, its worst day since 2020. Apple, Microsoft, Alphabet, and other tech giants also declined. Over the weekend, President Trump refused to rule out the possibility of a recession this year.
[00:00:54] He told Fox News there will be a, quote, period of transition because what we're doing is very big. Commerce Secretary Howard Lutnik yesterday dismissed recession worries, but the market remains skittish. Meanwhile, at another Elon Musk company, thousands of X users have reported service disruptions today. Musk blamed the outage on what he called a massive cyber attack. He said on X it was, quote, done with a lot of resources.
[00:01:21] Musk added it was either a large coordinated group and or a country involved in the attack. X didn't respond to a request for additional information. And Foxconn says that it has built its own artificial intelligence large language model. The company is best known for assembling Apple's iPhones. But it says it developed a new LLM in-house and trained it in about four weeks. Foxconn is calling the system FoxBrain. It says it's capable of data analysis, mathematics, reasoning, and code generation.
[00:01:52] Foxconn says it got support from NVIDIA and plans to open source its model. The company believes FoxBrain will improve manufacturing and supply chain management. For a deeper dive into what's happening in tech, check out tomorrow's Tech News Briefing podcast. Good news for the right to go to T.