Sony Shares Soar as PlayStation 5 Price Hike of 19% Takes Effect in Japan
August 28, 2024 – Sony Group revealed yesterday that it will increase the price of the PlayStation 5 by a staggering 19% in Japan, effective from September 2nd, pushing the console’s new price tag close to 80,000 yen. This announcement sparked an immediate 2.7% surge in Sony’s share price on the Tokyo Stock Exchange. Concomitantly,…
Apple Services Shake-up: Over 100 Jobs Cut, Affecting Apple Books and Apple News
August 28, 2024 – Apple Inc. has disclosed a significant restructuring within its Services division, resulting in approximately 100 job cuts, according to sources familiar with the matter cited by Bloomberg. The announcement, made on Tuesday, sent shockwaves through the tech giant’s workforce, as affected employees from various teams under Senior Vice President Eddy Cue’s…
US Government Pledges Up to $50 Million to Boost HP’s Microfluidic Semiconductor Factory
August 28, 2024 – In a landmark move, the United States Department of Commerce and Hewlett-Packard (HP) inked a non-binding preliminary memorandum yesterday, outlining plans to channel up to $50 million in direct funding from the Chips and Science Act towards HP’s endeavors. This strategic allocation targets HP’s microfluidic semiconductor facility in Corvallis, Oregon, with…
Effortless Elegance: Samsung’s New AI Refrigerator with Motorized Door Opening
August 28, 2024 – Samsung Unveils Revolutionary ‘French Door Refrigerator’ Infused with AI Technology, Revolutionizing Energy Efficiency and Daily Convenience in Korea Samsung has pushed the boundaries of home appliance innovation by introducing its groundbreaking ‘French Door Refrigerator,’ a futuristic kitchen staple that seamlessly integrates artificial intelligence to enhance energy savings and streamline everyday usage….
Rivian Factory Blaze Damages Multiple Electric Vehicles in Illinois
August 27, 2024 – A major incident unfolded at Rivian’s manufacturing facility in Normal, Illinois, over the weekend, as a fire ravaged through the premises, resulting in significant damage to several electric vehicles, though thankfully, no injuries have been reported. According to Matt Swaney, spokesperson for the Normal Fire Department, emergency responders were dispatched to…
Honda CEO Highlights Challenges in EV Adoption Due to Lack of Charging Infrastructure
August 27, 2024 – In a pivotal address at the 2024 Monterrey Auto Week, the President and CEO of American Honda, Kazuhiro Takizawa, and Honda’s Global Executive Vice President, Shinji Aoyama, underscored the paramount importance of pure electric vehicles (EVs) as the optimal route to carbon neutrality, while acknowledging a pressing shortfall in charging infrastructure….
Toyota & BMW Forge Comprehensive Partnership in Fuel Cell Vehicles and Hydrogen Infrastructure
August 27, 2024 – In a groundbreaking move, Toyota Motor Corporation and BMW Group have announced the establishment of a comprehensive partnership centered around fuel cell vehicles (FCVs), marking a significant shift in the automotive industry’s pursuit of sustainable transportation. Under this collaboration, Toyota will assume the role of supplying critical components such as hydrogen…
Porsche Champions e-Fuels as Lifeline for Internal Combustion Engines
August 27, 2024 – Porsche Unveils Ambitious Vision for e-Fuels as a Game-Changer in the Automotive Landscape In a bold move, Porsche has emerged as a forerunner in the pursuit of synthetic fuels, also known as e-fuels, projecting them as a significant alternative to gasoline within the next decade. This optimistic outlook stems from the…
Tesla’s ‘Cortex’ Supercomputer Unveiled: A Glimpse into the Future, Yet Incomplete
August 27, 2024 – Tesla Unveils Ambitious ‘Cortex’ Supercomputer, Paving the Way for AI Advancements Amidst Construction Hurdles Elon Musk, the visionary CEO of Tesla, today lifted the veil on the company’s groundbreaking new supercomputer, ‘Cortex,’ positioning it as a potential contender for the title of one of the world’s largest, albeit not yet fully…
BYD Narrows Down Mexico Plant Locations to Three States, Evaluates Incentives
August 26, 2024 – According to a report by Reuters on the 22nd, Jorge Vallejo, the general manager of BYD Mexico, revealed in an interview that the company has narrowed down the final location for its Mexican plant to three states and is currently evaluating a range of incentives offered by each candidate state. He…