Apple Rebuts Antitrust Claims, Arguing 65% Market Share Doesn’t Equal Monopoly
August 02, 2024 – Apple Inc. has filed a motion with the U.S. Department of Justice on August 1st, requesting the dismissal of an antitrust lawsuit brought against the company. In its motion to dismiss, Apple contends that the U.S. authorities have not presented sufficient evidence to prove anti-competitive behavior or that the company has…
Tim Cook Reveals Push for Apple Intelligence Rollout in China, Aims to Serve All Apple Users with AI
August 02, 2024 – Apple CEO Tim Cook announced during the company’s fiscal third-quarter earnings call that the tech giant has already reached out to regulatory bodies to launch its Apple Intelligence service in Europe and China. During the call for the second quarter ending June 29, 2024, when questioned about the international rollout of…
Intel to Lay Off 15,000 Employees: CEO Pat Gelsinger Describes ‘Painful’ Decision
August 02, 2024 – Following the release of its financial report today, Intel CEO Pat Gelsinger announced a series of “significant cost-cutting measures” in a memo sent to employees. These measures, aimed at aligning the company’s cost structure with its new operating model, include plans to save $10 billion in costs by 2025. A key…
Honda, Nissan, and Mitsubishi Sign Strategic Memo to Bolster EV Development
August 02, 2024 – Japan’s three leading automakers, Honda, Nissan, and Mitsubishi, have officially signed a strategic cooperation memorandum today, initiating discussions on a framework for collaboration in intelligent and electrified vehicles. This move comes after Nissan and Honda had previously inked a strategic partnership memorandum of understanding on March 15th. Under the new agreement,…
BYD and Uber Forge Alliance, Bringing 100,000 EVs to Global Ride-Hailing Scene
August 01, 2024 – Uber Technologies and BYD Company Limited have announced a long-term strategic partnership that will introduce 100,000 BYD electric vehicles to the Uber platform in multiple global markets. Moreover, the two companies will collaborate on the development of autonomous driving technology, with plans to deploy BYD’s self-driving vehicles on the Uber platform….
Apple’s Opposition Halts Tata’s Acquisition of vivo’s Indian Stake
August 01, 2024 – Recent reports from The Times of India reveal that Apple’s opposition has stalled the planned acquisition of a majority stake in the Indian operations of Chinese smartphone giant vivo by the Tata Group. According to informed sources, vivo, facing pressure from the Indian government to localize its operations, had hoped to…
TikTok Reportedly Spends Nearly $20 Million Monthly, Becoming One of Microsoft AI’s Top Clients
August 01, 2024 – According to a report by The Information on the 31st of the month, TikTok has been paying Microsoft nearly $20 million per month to purchase OpenAI models through them, as of March this year. This amount accounts for almost a quarter of Microsoft’s AI revenue, making TikTok one of the largest…
SpaceX’s Next Adventure: Starship Recovery Tests in Australia
August 01, 2024 – According to recent reports from Reuters, SpaceX is considering expanding its rocket testing program and has been in discussions with the Australian Space Agency regarding this matter. The company hopes to launch its Starship from Texas, send satellites into space, and then recover them from Australian waters. Interestingly, this news comes…
Samsung Electronics Faces Prolonged Strike as Wage Negotiations Stall Again
August 01, 2024 – According to a report from Yonhap News Agency, it has been revealed that Samsung Electronics and its largest labor union have failed to reach a breakthrough in wage negotiations. It remains unclear whether both parties will continue the talks, but the union has stated its intention to prolong the strike. The…
The Interactive Online Exhibition “Chinese + World Heritage: The Grand Canal – Down to the South” is Coming Soon!
Are you curious about the cultural stories hidden behind the ancient Grand Canal? Do you want to experience the artistic charm of this great architectural project that spans north and south China? Hosted by the Center for Language Education and Cooperation and organized by Wuzhou Hanfeng Education Technology (Beijing) Co., Ltd., the interactive online exhibition…