Major Acquisition: Luxshare Precision Pays 4.1 Billion Yuan for Leoni Group, a Top Player in Automotive Wiring Harnesses
September 20, 2024 – On September 17th, Leoni AG, a renowned manufacturer of automotive wire harnesses, signed a share purchase agreement with Chinese company Luxshare Precision. Under the terms of the agreement, Luxshare Precision will acquire 50.1% of Leoni Group’s shares and 100% of its wholly-owned subsidiary, Leoni Kabel (hereinafter referred to as “Leoni K”),…
AMD Confirms Minor Data Leak, Claims No Significant Impact on Operations
June 22, 2024 – Advanced Micro Devices (AMD) has released a statement through Bloomberg, revealing the preliminary findings of its investigation into a recent data breach incident. According to AMD, the breach originated from a third-party supplier website that provides services for assembling some of AMD’s products. The company assured that the disclosed information was…
TikTok Ban Would Harm Oracle’s Revenue and Profit, Company Warns
June 25, 2024 – Oracle, the American software giant, has issued a warning to investors about the potential impact of a new law that may ban TikTok in the United States. The law, signed by President Joe Biden in April, “will prohibit the provision of internet hosting services to TikTok” unless its parent company, ByteDance,…
OpenAI Turns Every Employee into a Millionaire with $10M Retention Bonuses to Fend Off Rivals
August 8, 2025 – In a bold move to shield its workforce from the relentless talent raids by rivals, OpenAI has unveiled an unprecedented employee retention strategy, setting a new benchmark in Silicon Valley’s high-stakes war for AI expertise. Facing aggressive poaching attempts by Meta, which recently offered up to 100millioninsigningbonusestoluretopOpenAIresearchers,theChatGPTmakerannounceditwillgranteveryemployee—includingnewhires—a1.5 million incentive package. The…
Intel’s Mobile Arrow Lake Processor to Debut at CES 2025: Reports
January 18, 2024 – Recent reports from Bionic Squash suggest that Intel is gearing up for a significant announcement at the upcoming CES 2025 event, scheduled for January of next year. According to the tweets, the technology giant is planning to unveil its mobile variant of the Arrow Lake processor. Speculations are rife that Intel…
BMW M Division to Introduce Simulated Gear Shifting and Sound Effects in Electric Vehicles
June 25, 2024 – The Hyundai IONIQ 5 N, highly praised by car enthusiasts, has emerged as one of the electric vehicles (EVs) that places the utmost emphasis on the driving experience. Recently, the head of BMW’s M division revealed that they are developing simulated gear shifting and sound effects for their electric cars, a…
Mongolian Prime Minister and Tesla CEO Explore Collaborations in Electric Vehicle Industry
June 7, 2023 – In a virtual meeting held today, Mongolian Prime Minister Oyun-Erdene had a productive discussion with the renowned entrepreneur and CEO of Tesla, Elon Musk. The focus of their conversation revolved around the potential investments and collaborations in the electric vehicle sector. During the meeting, both parties explored the possibilities of a…
AMD’s Strix Point: Unveiling the Next Chapter in Ryzen 8000 Series
July 20, 2023 – In the ever-evolving landscape of technology, whispers of AMD’s latest creation have started to circulate. Unveiled within the depths of the MilkyWay@home database, a glimpse of what could be the future of computing has emerged. This revelation follows in the footsteps of previous leaks that exposed Zen 3 and Zen 4…
A Pivotal Moment: 28 Nations Unite to Sign ‘The Bletchley Declaration
November 02, 2023 – Historic Bletchley Park, located in the United Kingdom, played host to the inaugural Global AI Security Summit, where representatives from 28 countries, including China, the United States, and the European Union, came together to sign the “Bletchley Declaration.” The “Bletchley Declaration” is a call to action, emphasizing a human-centric approach to…
Volkswagen Pays Homage to Golf Fire and Ice with New ID.3 GTX Fire+Ice Electric Hatchback
September 07, 2024 – At the ID. conference held in Locarno, Switzerland, Volkswagen unveiled the ID.3 GTX Fire+Ice, a collaboration with fashion brand Bogner that pays tribute to the Golf Fire and Ice of the 1990s. Volkswagen highlighted the Golf Fire and Ice’s immense success, noting its loyal fanbase worldwide and the admiration it holds…