Tesla Faces Renewed Order to Scrap Musk’s Lucrative Salary Package
December 3, 2024 – On Monday, Judge Kathaleen St. Jude McCormick of Delaware rejected a request from Elon Musk and Tesla’s board of directors to overturn her previous ruling, which ordered Tesla to rescind Musk’s massive compensation package. Earlier this year, Judge McCormick had determined that there were significant flaws in the negotiation process between…
OpenAI Mulls Advertising Integration to Boost Revenue Streams
December 3, 2024 – According to a report by the Financial Times, OpenAI is contemplating the introduction of advertising into its artificial intelligence products. The company, which is currently valued at $150 billion, is in the process of transitioning towards becoming a profitable enterprise and is exploring new revenue streams. In an interview with the…
Australian Legislation Targets Tech Giants, Threatens Penalties for Competition Interference
December 3, 2024 – On Monday, Reuters reported that the Australian government has introduced a draft law proposing stringent measures against global tech giants. The proposed legislation stipulates that these giants could face penalties of up to AUD 50 million if they stifle market competition or hinder consumers’ freedom to switch between services. This new…
Musk Sues OpenAI, Faces ‘Repetitive and Baseless’ Claims Rebuttal
December 2, 2024 – Elon Musk has escalated his legal battle against OpenAI and its CEO, Sam Altman, by submitting a comprehensive 107-page complaint to a California district court. In response to Musk’s action, OpenAI spokespersons were quick to dismiss the suit as “repetitive and baseless.” Industry observers note that OpenAI was originally founded to…
NAND Prices Drop Over 50% This Year, Prompting Samsung and Kioxia to Plan Production Cuts
December 2, 2024 – According to data released by market research firm Dram Exchange, general-purpose NAND flash memory prices have been on a downward spiral since September, after being on a plateau from March to August following five consecutive months of increases starting last October. Specifically, NAND prices dropped by 11.44%, 29.18%, and 29.8% from…
Microsoft Cautions Users: Running Win11 on Incompatible PCs Is at Your Own Risk
December 2, 2024 – As the end of support for Windows 10 looms in October 2025, Microsoft has been taking steps to encourage users to upgrade or purchase new computers capable of running Windows 11. However, a significant number of users have opted to upgrade to Windows 11 on their older devices, even if their…
Volkswagen Faces Strike Action in Germany as Workers Reject 10% Pay Cut
December 2, 2024 – According to a report by the Wall Street Journal on November 30th, Volkswagen has recently rejected a cost-saving proposal put forward by the labor union, insisting on a 10% pay cut for its employees. The labor union had suggested that Volkswagen could adopt cost-saving measures to maintain its operations. However, an…
Tesla Highlights FSD Performance with Real-Car Demonstration Clips
December 2, 2024 – Tesla appears to be ramping up its promotion for its Full Self-Driving (FSD) system, evident in the recent addition of a dedicated section on its U.S. vehicle order page showcasing FSD videos in real-world driving situations. Previously, Tesla’s order page only featured a list of FSD capabilities and graphical representations of…
KTM Embarks on Restructuring Journey to Dodge Bankruptcy
November 30, 2024 – KTM, the Austrian manufacturer, is navigating through one of the most intricate periods in its history, as reported by foreign media. The company, which is currently grappling with a significant financial crisis, has initiated European restructuring proceedings. Under the terms of the Restructuring of Enterprises (RoE) regulations, KTM is required to…
Future Emira Model May Feature Electric or Hybrid Technology, Suggests Lotus Europe CEO
November 30, 2024 – In a recent conversation with Autocar, Dan Balmer, the newly appointed CEO of Lotus Europe, hinted at the possibility of extending the lifespan of the iconic sports car, Emira, by equipping it with a hybrid powertrain. The current Emira, which debuted in 2021 as the successor to the Evora, Exige, and…