ITBEAR

AI Leader Databricks Secures Massive 10BillionInvestment,BoostingValuationto62 Billion

December 18, 2024 – AI unicorn Databricks has secured a 10billionfundinground,elevatingitsvaluationtoanimpressive62 billion, marking one of the largest venture capital investments in history. According to recent reports, Databricks is on track to achieve positive free cash flow by the end of January 2024, with projections indicating an annualized revenue exceeding 3billionbythattime.Thecompanyfurtheranticipatesreaching3.8 billion in revenue for the…

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Honda Explores Merger, Capital Tie-Up, and Holding Company Options with Nissan

December 18, 2024 – Following a Bloomberg report earlier today, Honda’s Executive Vice President, Shinji Aoyama, responded to rumors of a potential merger between Honda and Nissan. Aoyama stated that Honda is exploring several options, including a full merger, capital collaboration, or the establishment of a holding company. According to informed sources, the two automotive…

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Samsung Galaxy Z Fold7 to Unveil Revolutionary Apple Pencil-Style Technology, Enabling Both Slim Design and S Pen Compatibility

December 18, 2023 – According to a report published today by ETNews, Samsung is planning to eliminate the digitizer in its next-generation foldable smartphones, aiming to achieve a slimmer body while retaining the S Pen functionality. The digitizer, a device that converts analog signals into digital signals, has been a crucial component in enabling the…

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OpenAI Confirms: No Immediate Plans for Sora API Launch

December 18, 2024 – OpenAI has clarified today that it currently has no plans to release an Application Programming Interface (API) for its video generation model, Sora. This model has the capability to generate videos based on text and images. During an online question-and-answer session with members of the OpenAI development team, Romain Huet, the…

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Mercedes-Benz Raises the Bar: L3 Autonomous Driving Approved for 95km/h in Germany

December 18, 2024 – Mercedes-Benz has recently announced that its DRIVE PILOT autonomous driving system, capable of operating at speeds up to 95km/h, has been officially approved by the Kraftfahrt-Bundesamt (KBA), the German federal automotive transport authority. The automaker revealed that this updated version of DRIVE PILOT, designed for speeds of up to 95km/h, is…

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Sony Honda’s EV to Offer In-Car Karaoke and Movie Streaming for Ultimate Entertainment

December 17, 2024 – Sony Honda Mobility, the joint venture between Sony Group and Honda focused on pure electric vehicles (EVs), has announced a partnership with Canadian media services company Stingray Group. The collaboration will introduce Stingray’s karaoke library, featuring over 100,000 songs, into the “AFEELA” model, which is set to begin accepting orders in…

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