Meta Ends Production of Quest Pro After Two-Year Run
September 27, 2024 – Meta has recently announced the discontinuation of its high-end virtual reality headset, the Quest Pro, with plans to clear out the inventory by the end of the year. Introduced in 2022, the Quest Pro received a lukewarm response from the market. While Meta did not explicitly state the reasons for halting…
Midjourney Sued: Disney & Universal Join Forces Over Alleged Movie Content Theft in AI Image Generation
June 12, 2025 – In a significant legal move, entertainment giants Disney and Universal have jointly filed a lawsuit against Midjourney, a generative AI platform, for allegedly utilizing their copyrighted content without permission to train its image generation and editing models, as reported by The Wall Street Journal on Wednesday local time. The two media…
Volvo Revises 2030 Electrification Goal Due to Lower-Than-Expected Demand
September 05, 2024 – Swedish automaker Volvo has announced on Wednesday, according to Reuters, that it has revised its previous goal of only selling fully electric vehicles by 2030. The company now plans to include some hybrid cars in its product lineup for that year. Volvo Cars stated that due to changing market conditions and…
Ford CEO Jim Farley Proudly Announces $600 Million Profit in China Last Year
January 13, 2025 – Despite facing numerous challenges in the Chinese market, Ford Motor Company still managed to earn approximately $600 million in profits last year, according to CEO Jim Farley. Speaking at the Detroit Auto Show after unveiling a new car, Farley expressed his pride in Ford’s performance in China. “I’m pleased to report…
ByteDance Unveils Major AI Organizational Overhaul: Feishu, Doubao and Volcano Engine Teams Consolidate
July 30, 2026 – ByteDance has unveiled a sweeping organizational overhaul centered on its AI business, a strategic move to deepen synergy across its Feishu, Doubao and Volcano Engine divisions in enterprise productivity scenarios. Under the restructuring plan, the Feishu product team will be fully integrated into the existing Doubao product line to form a…
Tesla Urges Regulators to Keep Robotaxi Safety Data Confidential, Citing Business Secrets
June 24, 2025 – A letter disclosed on Monday, as reported by Reuters, reveals that Tesla has informed U.S. regulators that its responses concerning the safety of deploying robotaxis in Texas are classified as confidential business information and should not be made public. Earlier, on Friday, the National Highway Traffic Safety Administration (NHTSA) in the…
Meta Takes on OpenAI with Development of Proprietary AI Search Engine
October 29, 2024 – According to a report published by The Information on October 28th, Meta is currently developing an AI-powered search engine. This move is aimed at reducing the company’s reliance on Microsoft and Google, while also allowing it to keep pace with OpenAI’s advancements in the field of artificial intelligence. The report reveals…
Apple Bolsters AI Capabilities with Acquisition of DarwinAI
March 15, 2024 – Apple has made a significant move in the artificial intelligence (AI) space with the acquisition of DarwinAI, a Canadian startup specializing in understanding and optimizing deep neural networks, according to recent media reports. Headquartered in Canada, DarwinAI boasts a core technology that leverages AI to comprehend the intricacies of deep neural…
Faraday Future’s FF 91 2.0 Futurist aiFalcon Limited Edition Soars with 300+ Pre-orders in the Middle East
November 28, 2023 – Faraday Future has announced that within 72 hours of hosting the FF Middle East strategic launch event in Abu Dhabi, they have received over 300 non-binding, no-deposit pre-orders for the FF 91 2.0 Futurist aiFalcon limited edition. The FF plans to introduce the FF 91 2.0 Futurist aiFalcon limited edition in…
OpenAI Acknowledges Reliance on Copyrighted Material for AI Development
January 10, 2024 – In a recent admission, OpenAI, the developer behind the renowned ChatGPT, acknowledged that the creation of AI tools like ChatGPT would not have been possible without copyright-protected material. According to a report by The Telegraph, this revelation was made in a document submitted by OpenAI to the UK House of Lords…