$5.9 Billion Dividends Repatriated from Overseas Subsidiaries for Electric Vehicle Investments

June 12, 2023 – Hyundai Motor Group, the South Korean automotive conglomerate, has recently announced its plans to tap into the reserves of its overseas subsidiaries to ensure essential financial resources for expanding investments in the domestic electric vehicle (EV) sector. In particular, Hyundai Motor aims to increase the dividends from select overseas subsidiaries by…

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Apple Execs Unveil AI Strategy: Ditching Traditional Chatbot Race for System Integration Focus

June 11, 2025 – In a recent interview with The Wall Street Journal, Apple’s Senior Vice President of Software Engineering, Craig Federighi, and Senior Vice President of Worldwide Marketing, Greg Joswiak, offered insights into the company’s vision for Apple Intelligence and the evolving role of Siri, shedding light on Apple’s distinctive approach to artificial intelligence….

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Builder.ai, Once Microsoft – Backed UK AI Startup, Files for Bankruptcy

May 23 2025 – British tech startup Builder.ai, once a prominent player among the UK’s most highly – funded tech ventures, has declared that it is entering bankruptcy proceedings. Headquartered in London, Builder.ai specialized in leveraging artificial intelligence to streamline the development of applications and websites. The company boasted that its technology could make the…

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Tesla Cracks Down on Cybertruck Resellers Amid Surging Demand and Slow Production

March 12, 2024 – Reports have emerged indicating that due to the sluggish production rate of Tesla’s highly anticipated Cybertruck, reselling the vehicle has become the fastest means of acquiring one. According to recent updates, the Cybertruck Foundation series is currently being resold at exorbitant prices, reaching up to 290,000 USD, equivalent to approximately 2.08…

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