Tesla's Dojo supercomputer could fuel a $500 billion jump in the electric vehicle maker's market value, analysts at Morgan Stanley said in a note Monday.

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Burberry has launched a project designed to mix British luxury with everyday life – and it’ll all start with their take on the most important meal of the day. The heritage fashion house has announced a new initiative, Burberry Streets, which will see the brand take a more prominent place within a selection of cities. Through experiences, installations and events across cities such as London, Seoul and Shanghai, Burberry will showcase signature elements of the brand, such as the seasonal check pattern in knight blue, rose print, and the newly redefined Equestrian Knight Design. In London, the Burberry Streets takeover will begin with the brand having a major presence in Norman’s Cafe, a restaurant in Archway that serves all-day breakfast food, as well as sandwiches. As part of London Fashion Week, which runs from 15 to 19 September, a travelling Norman’s food truck will make appearances on The Strand and Duke of York Square. The food establishment shared news of the collaboration with a post on social media on Monday (11 September). Alongside an image of a meal of two fried eggs and chunky chips, on a plate branded with the Burberry logo in blue, the straightforward caption reads: “2 eggs & chips. @burberry will be taking over Norman’s cafe for London fashion week, Wednesday to Sunday.” In response, fans of both the brand and the restaurant voiced their approval for the impending linkup. “Name a more iconic duo I’ll wait!” reads one supportive comment, while another Instagram user deemed it “the Great British pairing”. Outside of the collaboration with Norman’s Cafe, Burberry Streets will incorporate symbols of the house in multiple locations across the capital. Flags featuring the new rose print will fly above Bond Street and Piccadilly’s screens will be lit up with videos from the Winter 2023 campaign. The Equestrian Knight will take to the streets in the form of chalk stencils on paths and in parks, while black cabs will be wrapped in Daniel Lee’s English rose print. Burberry Streets will land in Seoul and Shanghai in October. Lee’s first collection for the brand, Winter 2023, is available now. In a statement, Rod Manley, the Chief Marketing Officer of Burberry, shared the company’s anticipation for the designer’s work to reach buyers. “We are so excited to see Daniel’s first collection arriving in-store and online,” he said. “With our redesigned website, new brand signifiers across product and branding and the launch of our global Burberry Streets initiative here in our home market, we're looking forward to sharing the new Burberry world with our clients.” Read More How Burberry evolved from humble raincoat maker to luxury fashion giant Kate Middleton re-wears Alexander McQueen suit to watch England beat Argentina in Rugby World Cup Kanye West’s ‘wife’ Bianca Censori uses pillow to cover nearly nude outfit in latest Italy controversy Secondhand September: The best places to buy pre-loved fashion online How Burberry evolved from humble raincoat maker to luxury fashion giant Kate Middleton re-wears Alexander McQueen suit to watch Rugby World Cup

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Daniel Zhang, the former CEO of Alibaba, has stepped down from his position in the tech giant’s cloud division, in a move that has shocked industry leaders. The 51-one-year-old had taken charge of the cloud division just months ago. Since the announcement by Alibaba, the component stock dropped 3 per cent on Monday in Hong Kong. “The board of our company expresses its deepest appreciation to Mr Zhang for his contributions to Alibaba Group over the past 16 years,” Alibaba said in a statement. Eddie Yongming Wu will succeed Mr Zhang as the acting chairman and CEO of its cloud unit, according to the statement. Nearly three months ago, Mr Zhang quit as company chief and said that he wanted to take care of the spin-off of its cloud business. Now, as Alibaba announced his exit from the cloud division amid the biggest-ever restructuring of the company, Mr Zhang’s exit has come as a surprise to analysts. “We were surprised by the announcement,” Citi analysts wrote on Monday. “Mr Zhang may have wanted to step back from the public spotlight, in our view,” they added, according to CNN. The cloud division is currently estimated to be worth $41bn - $60bn. However, analysts said the reams of data it oversees puts it at risk of facing regulatory scrutiny from both domestic and international regulators. Alibaba split into six business groups – including cloud, e-commerce, logistics, media and entertainment – in March in a major restructuring. “Daniel has expressed his wish to transition away from his role as chairman and CEO of Cloud Intelligence Group,” Alibaba said in the letter. “Following careful consideration, the Alibaba board respected and accepted Daniel’s decision and appointed Eddie as acting chairman and CEO of Cloud Intelligence Group, effectively immediately.” Citi analyst Alicia Yap was quoted as saying by CNBC on Monday that “investors may be concerned that the timing and process of AliCloud’s spin-off may be affected”. She added that Citi will continue to monitor developments and that they are awaiting any new announcements. CNN reported that in an internal letter to employees, Joseph C Tsai, chairman of Alibaba Group, said that he and Mr Wu are looking forward to embracing “the next phase” of Alibaba’s development. “This past March, we embarked on our most ambitious reorganisation in Alibaba’s 24-year history – “1+6+N” – in order to position the company for the future,” he wrote on Sunday, referring to the company’s organisational structure after the restructuring – 1 holding company, six business groups and various businesses. “Under Daniel’s and our team’s dedicated efforts, the reorganisation is making steady progress while our business continues to grow.” Read More Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe How Google reshaped the world – and is about to do it all over again Update your iPhone immediately The new iPhone could be the most expensive ever by far

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Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company's cloud division in a surprise move announced just months after he assumed the pivotal role.

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Tesla's supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an "asymmetric