By Tess Bennett
Publication Date: 2026-02-08 22:48:00
Car Group has set up a global artificial intelligence center in Brazil to help the automotive classifieds business capitalize on the technology that has wiped billions off tech companies’ market capitalizations over the past month.
The company announced the news after reporting solid results, with net profit rising 16 percent to $143 million for the six months ended December 31.
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